Outsourcing Talent in the Land of the Free?
Kevin P. Ryan is the Founder and CEO of Gilt Groupe, an innovative e-commerce company offering highly coveted products and experiences at insider prices.
In 2007, Kevin along with a founding team created Gilt Groupe as an invitation-only site for coveted women’s apparel and accessories. Today, Gilt Groupe has expanded to include business lines in home décor (Gilt Home); kids & baby (Gilt Kids); men’s apparel and gear (Gilt MAN); artisanal food and wines (Gilt Taste); an online retail store for men’s apparel and accessories (Park & Bond); vacation travel (Jetsetter); local U.S. services and experiences (Gilt City), and has founded the leading flash-sale site in Japan (Gilt Japan).
Kevin is one of the leading Internet entrepreneurs in the United States having founded several New York-based businesses, including Gilt Groupe, Business Insider, and 10gen/MongoDB. Kevin helped build DoubleClick from 1996 to 2005, first as president and later as CEO. He fostered DoubleClick's growth from a 20-person startup to a global leader with over 1,500 employees.
Currently, Kevin serves on the board of Human Rights Watch, the NYC Investment Fund and INSEAD, and is a member of the Yale International Council and the Council on Foreign Relations. He holds a B.A. from Yale University and an M.B.A. from INSEAD.
Kevin Ryan: There’s a shortage of people who have a technology background. And it’s really becoming a business problem and it’s one of the number one things that CEO’s complain about to members of Congress when I see them is that it’s difficult to get Visas, so you might have someone from Pakistan, who has a masters in Computer Science, wants to come to the United States to get a job. I would argue that that’s incredibly beneficial for our economy, and if he doesn’t come here and millions like that, then what companies will do is end up employing people in other countries, which is okay from my selfish interests, but not as good for the country overall.
And so, as you know, there’s an enormous outsource community in India with hundreds of thousands of people, which is fantastic for India and I’m supportive of that, but putting on my U.S. hat, I’d love to have many of those people in the United States working for companies, creating jobs and then at some point spinning off and starting new companies. So anything we can do that has more training and more Visas for qualified people I think is great for this country.
Directed / Produced by Jonathan Fowler & Elizabeth Rodd
The biggest problem facing the tech industry right now, says Kevin Ryan, CEO of Gilt Groupe, is a shortage of trained workers.
We are constantly trying to force the world to look like us — we need to move on.
- When the Berlin Wall fell in 1989, many Americans jumped for joy. At the time, some believed there weren't going to be any more political disagreements anywhere in the world. They thought American democracy had won the "war of ideas."
- American exceptionalism has sought to create a world order that's really a mirror image of ourselves — a liberal world order founded on the DNA of American thinking. To many abroad this looks like ethnic chauvinism.
- We need to move on from this way of thinking, and consider that sometimes "problem-solving," in global affairs, means the world makes us look like how it wants to be.
Scientists make an important discovery for the future of computing.
- Researchers find a new state of matter called "topological superconductivity".
- The state can lead to important advancements in quantum computing.
- Utilizing special particles that emerge during this state can lead to error-free data storage and blazing calculation speed.
French newspapers report that the trial hasn't lived up to expectations.
- The French government initially invested in a rural solar roadway in 2016.
- French newspapers report that the trial hasn't lived up to expectations.
- Solar panel "paved" roadways are proving to be inefficient and too expensive.