Episode Transcript
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Speaker 1 (00:00):
Thomas Frye.
Speaker 2 (00:01):
He's the guy that just spends a lot of time
thinking about stuff in the future and where it's going. Thomas,
let me ask you a question. When do you do
your thinking on stuff like you're mulling? When you tell
me about that process when you're mulling trying to figure
out the future.
Speaker 3 (00:18):
Oh, usually it's at night, But a lot of times
some of the best ideas just pop into your head
just at some random moment in time, so it's hard
to predict.
Speaker 2 (00:31):
I actually do most of my thinking my thinking time
in the car. I drive in silence for that reason.
And I told another friend of mine this today and
he's like, I don't know if I've ever driven in silence.
I'm like, well, when's your thinking time? You know you're
really thinking?
Speaker 1 (00:45):
You got to think.
Speaker 2 (00:45):
So he said I don't do that, and I was like, oh, okay,
well then that makes me special. Thomas has a very
interesting concept. Are you going to write a blog post
on this that I can share as well because you send.
Speaker 4 (00:56):
It to me? But yes, we'll have it posted in
a week.
Speaker 2 (00:59):
Or okay, because I think it's very interesting. But it's
a pretty complex topic of discussion, and I want to
make sure that people are interested in this could go
back and find more information about it later. Let's talk
about is it Neyman engines Neuman engines.
Speaker 3 (01:15):
Yeah, named after John von Neuman kind of he was
a contemporary of Valanteering, helped invent modern computing. He's one
of the sharpest guys of all times.
Speaker 4 (01:30):
But it's it's it's a whole different concept.
Speaker 3 (01:35):
Kind of the way cities have been reviving themselves is
through economic development, and these economic development operations are are
failing big time right now because things have changed so much.
So if you move a company into your area, you're
probably not going to get all the employees, or if
(01:57):
you get a few employees, that's all you're going to get.
So economic development there's still something's happening in that space.
But the true, the true engine of economic activity should
actually be in the startup space, because with AI, we're
going to be creating more startups than ever before in history,
(02:19):
and I think this becomes our biggest job engine ever created.
So the way the Noyman engine works is you start
with a venture studio. A venture studio is different than
than like an accelerator or an incubator. A venture studios
where you have a group of savvy entrepreneurs that actually
(02:42):
start all the businesses, and you bring this into.
Speaker 4 (02:45):
A community that is struggling or failing.
Speaker 3 (02:49):
Now, the communities are having problems filling office space, or
having problems filling shops on main street.
Speaker 4 (02:58):
They're just struggling economically. So when you.
Speaker 3 (03:02):
Start this steynment engine, then you have the opportunity not
to just create jobs, but to create prime jobs. Now,
a prime job is different than just creating a job. See,
if you create a coffee shop, what you're doing is
you're just recirculating the money in the community. If you
create a prime job, then you're bringing money from outside
of the community into it and that has multiple effects then,
(03:28):
and so that changes the way communities operate.
Speaker 1 (03:31):
Well, let me let me stop there. Let's start at
phase one.
Speaker 2 (03:34):
We'll call it phase one of the operation, and that
is the not incubator. And for people who don't know
what an incubator is, there are a lot of different organizations,
a lot of venture capitalists have incubators where you can
as an entrepreneur, you already have an idea, you've already
started the plan, you've already started the ball rolling on
your business. You may move into an incubator to take
(03:54):
advantage of their expertise to give more business help, to
get support as you begin to grow this business that
you've already created. So the other thing that the first
stage of the Normans engine is actually a space where
ideas are pulled out of thin air. Is that the
best way for me to dumb this down?
Speaker 3 (04:14):
Yeah, but there's more more logic to that than being
pulled out of thin air. But you're using kind of
the talent in the area. So if you have a
community that's in the oil and gas industry, then you
can use that startups in that space. If you have
a community that's in let's say, making movies, then you work.
Speaker 4 (04:39):
With talent in that space and so on.
Speaker 3 (04:41):
So you kind of build on what's already there, but
then you can you can veer off in different directions
as well.
Speaker 4 (04:51):
So the idea is.
Speaker 3 (04:52):
To first set up and establish a space. It'll be
like a co working space that has come a nation
coworking space with actually a theater for having shows, having classes,
helping people, doing meetups there, coaching people. So that that
(05:15):
was the kind of the heart of the whole Norman engine.
Is this startup space.
Speaker 2 (05:20):
And.
Speaker 3 (05:22):
Then you get people coming in there, and so the
venture studio will then start creating these prime businesses. In
a prime business would be like if you wanted to
start a distillery, distillery selling all over the country. If
you're starting, there's something that has a food industry, frozen
(05:47):
food or something like that, that's money coming from all
over the country.
Speaker 4 (05:51):
Health camps.
Speaker 3 (05:53):
There's lots of different kinds of health camps that you
can establish and that brings in money from all over
as well. And so when you start going down the list,
and I have quite a few different possibilities, but these
these can actually there's probably hundreds and hundreds of different
startup possibilities for a community. So then you have you
(06:17):
have the people that are starting things you have there.
Speaker 4 (06:24):
There's something that I call a how to school.
Speaker 3 (06:27):
How to school is something that's purposely local. It's just
telling you how to do things like how to start
how to start vibe coding, or how to do AI
marketing for your business and that sort of thing.
Speaker 2 (06:42):
So how do you use the AI tools that you
are Because Thomas, I don't you and I haven't spoken
about this. I have a friend that has worked in
the internet marketing field for a very long time. Since
the internet marketing field just started, He's started and launched
multiple companies, right, so as employed people, he's had staffs.
Speaker 1 (07:03):
He said, Well, he.
Speaker 2 (07:04):
Just launched a new company that is marketing to a
very specific kind of business and he's focused on that
like a laser.
Speaker 1 (07:10):
He has not had to hire anyone.
Speaker 2 (07:14):
To scale his business because he's using AI for everything,
which for him is outstanding, right, But I'm worried about
AI sort of leaving us with new customers to buy
the products kind of thing, you.
Speaker 1 (07:27):
Know what I mean.
Speaker 2 (07:28):
It's like, if AI is so efficient and AI is
capable of helping people build new businesses, which it is,
what does the landscape look like when we don't have.
Speaker 1 (07:40):
To hire people anymore.
Speaker 3 (07:44):
Yeah, there's going to be a lot of solo businesses,
but those people will still be buying products for themselves
and their family. So if we have ten thousand solo
businesses in a community, that's still a thriving me right.
So the kind of the landscape is going to change
(08:06):
dramatically as to how these businesses are function and operate.
There will still be a lot of people who choose
to hire people to do different things like even though
you can run a solo business, you probably still want
somebody to mow your lawn or to do your dry
cleaning things like that. So so anyway, this is going
(08:31):
to employ a lot of people. And I think with
all the sort of businesses that we're going to be
creating out of thin air here, that this is actually
going to give us with more employment than we've ever
had ever in all history.
Speaker 2 (08:46):
I look at this and I think, to myself, it
sounds like a great idea, and I wonder how it
can be done on a more micro level and specifically
thinking about you know, you have a list of cities
that that you have is like ripe for this kind
of development. And I'm going to use date and No
High because I was literally just in date O High
over the weekend. They've got or right, Patterson Air Force Base.
(09:10):
They've got an aerospace industry there. So you we're saying, look,
you lean into that, well, how can this be applied
to a suffering, a socioeconomically devastated community right where you
don't necessarily have a super highly educated workforce. You're not
necessarily going to have a lot of college grads. Could
(09:30):
this be used to help create an economy within one
of those lower socioeconomic neighborhoods in the same way. You know,
because what you're talking about is educated people using AI
to do to do things that will attach to other
highly educated industries. Well, what about using this in a
community that is, you know, the average home or the
(09:52):
average person doesn't own their own home and they're living
on the margins. Is this something that could be used
on that scale? Do you think to reinvigorate even individual neighborhoods,
forget cities, just smaller things than that.
Speaker 3 (10:06):
Yeah, when when you have a venture studio, you have
savvy entrepreneurs that are going to start creating things, and
they're going to be creating businesses that they will coach
along until a point where they can have another set
of entrepreneurs take them over.
Speaker 4 (10:22):
So the business gets off the.
Speaker 3 (10:23):
Ground and operating and they have a handoff to a
local group of entrepreneurs that can rend it from there.
So this is kind of a training operation at the
same time, So you're training training the next generation of
business operators. So I think this creates a lot of
(10:45):
excitement in the community. Lots of people then change their
their their path, change their thinking and say, oh, I
want to be part of that. And so going to
going to a few sessions at the at the how
to school and you're learning a few things, you don't
quite learn enough. So then you sign up for the
(11:05):
local meetup group and then you start hanging out with
other people, other like minded people.
Speaker 4 (11:11):
And that's the key.
Speaker 3 (11:12):
When you get that mindset in a community that you
can take it from here, you can do it on
your own.
Speaker 4 (11:18):
That changes a lot of things.
Speaker 3 (11:20):
That changes the perspective of virtually everybody in the community.
Speaker 1 (11:25):
Oh, I agree wholeheartedly.
Speaker 2 (11:26):
I mean, it's the difference between you know, going to
Haiti and building a school and going to Haiti and
teaching people how to do construction, right. I mean, I'd
an interview some many years ago now with a woman,
a Haitian woman in Haiti who was begging mission trips
to stop coming to Haiti and building things or doing things.
They're like, bring people down and teach people how to
(11:48):
do this stuff, because what you've done is create a
whole group of people waiting for another set of missionaries
to show up and build them another thing. And this
is kind of what you're talking about, Like, teach people
along the way. This is interesting, Thomas, because my former
father in law actually wasn't banking for a very long
time and one of his pet projects that he was
never able to quite get off the ground because of money.
(12:09):
And I want to ask you about that next is
he wanted to go in and create exactly what you're
talking about.
Speaker 1 (12:15):
Invite people from.
Speaker 2 (12:16):
A community to come in and say, what's your idea
for a business? Who would it serve, how would it
work in your mind, you know, and let's see if
we can flesh this out, and then do.
Speaker 1 (12:24):
Exactly what you're talking about.
Speaker 2 (12:26):
Handhold people through the process, teach them how to do accounting,
teach them how to you know, advertise their but like,
teach them what they need to know.
Speaker 1 (12:33):
And he got close a few.
Speaker 2 (12:35):
Times, but it always came down to you're asking for
a big investment for what, maybe initially for many years
a low return situation. So who funds this, how do
you get the money to do this? And what might
it cost?
Speaker 4 (12:52):
Yeah, the yeah, the kind of the low end.
Speaker 3 (12:55):
We're thinking roughly it's around ten million dollars over five years, right,
So a lot of cities can afford that. They're spending
a lot of that money on economic development. Right now,
they can use municipal bonds, so this gets paid back
by all the businesses that get started. This is an
(13:15):
investment in their own community. I'm not going to say
that you can do it on a bootstrap it or
do it on a shoe string. I think you need
to make a serious commitment in your community and then
just go for it.
Speaker 2 (13:31):
I agree, and I think that you need to pay
people to be full time employees that have the knowledge
and skill set to do the things that need.
Speaker 1 (13:39):
To be done.
Speaker 2 (13:39):
You know, I'm actually thinking, have you ever heard of
the organization's SCORE.
Speaker 1 (13:43):
It's the Society of I can't remember.
Speaker 2 (13:46):
It's like retired corporate executives, and it's a volunteer organization.
And if you start a business, you can go to
SCORE and they will give you good business advice.
Speaker 1 (13:55):
It sounds like something if. I feel like.
Speaker 2 (13:57):
All of the pieces for this already exists, we just
need to put them all together in one place.
Speaker 3 (14:03):
Yeah, except the pieces are changing with AI. I mean
this idea of being able to do vibe coding as
an example, I.
Speaker 1 (14:13):
Don't even know what that is, Thomas, where is that talk.
Speaker 3 (14:16):
To talk to your computer and it will actually build
your website, or it'll do the software coding for you.
That's something that's new and different. It's something that has
come out within the last six months, so not everybody
knows about it.
Speaker 4 (14:34):
So that's one of the pieces that's changing.
Speaker 1 (14:38):
No, I agree, and I do think that.
Speaker 2 (14:40):
I think that in the next before AI becomes super
intelligent decides we're no longer worth it and wipes us
off the face of the earth in one night by
cutting all of our gas lines, I'm sure that won't
happen for a while, so let's just enjoy the run
while we can. I do think that our economy is
going to be divided into people who learn to use
A and people who don't. I really think the divide
(15:03):
is going to be significant. And I think that people
who learn to use AI effectively and learn to use
the tools that are available to them via AI, are
going to excel in the economy no matter what field
they're in. I think they're going to be the ones
that excel. And I think anything that we can do
to sort of inspire the next generation to really take
these tools seriously. But man, there's so many of them
(15:25):
coming out every day. It's hard to keep up, So
this would be this would be a way to do
those lots.
Speaker 3 (15:31):
A lot of the AI agents right now can work
as a personal coach for you.
Speaker 4 (15:36):
Let's say you want to write a book.
Speaker 3 (15:38):
You can have this personal coach that's sitting on your
shoulder telling you, coaching you on how to how to
put together the characters, how to create the story arc,
how to create a good ending, and then put all
the pieces together, and by the time you're all done,
then you have something that you've accomplished, an accomplishment form
(16:01):
of education. And this is new and different because most
of the stuff that's being taught in schools today, you
accomplish virtually nothing that you're proud.
Speaker 4 (16:13):
Of that you want to show your friends. Right right, If,
as an example, you want.
Speaker 3 (16:17):
To become a gamer, a game designer, and you want
to design video games, you could actually have a coach
that actually coaches you through that whole process, teaching you
different ways of putting this techniques together and kind of
creating the storyline for.
Speaker 4 (16:34):
That game that you want to play.
Speaker 3 (16:36):
And by the time you're done, and you have something
that you want to that you're proud of, that you
want to show your friends, this is another accomplishment form
of education. I find that to be quite fascinating.
Speaker 1 (16:49):
I agree. I don't know.
Speaker 2 (16:52):
I'm afraid and maybe this is just an unnecessary thing
to be worried about. I'm afraid that they're What you're
saying for cities makes a lot of sense. It would
work for Denver. I mean, if you if you really
concentrated your efforts on creating new industry in Denver rather
than trying to drag other industries here to your point
(17:13):
where you may or may not get all their employees.
Speaker 1 (17:15):
I think that's a better way to go.
Speaker 2 (17:17):
And I actually think Governor Jared polis it would agree
with everything you just said. He's very attuned to bringing
in tech and you know, and trying to nurture startups.
So I think that for Denver it would be a
really interesting proposition. But again, you know, I'm I'm looking
to try and figure out how to help people who
(17:37):
are not well versed in computers, who are not well
versed in and for AI may seem so overwhelming for them.
How do we make that more accessible? Maybe we need
an AI for that.
Speaker 3 (17:50):
Yeah, just uh, there's there's a lot of people are
living in isolation, and I think that's that's kind of
the wrong way to do it. If you can find
a group of friends that are actually doing something similar
and you can.
Speaker 4 (18:06):
Hang out with them, and you go.
Speaker 3 (18:08):
To this a certain place every day and you go
there and you have coffee, and you strike up discussions
with what if you accomplished day, what if I accomplished today?
And suddenly you start learning about things you never knew
about before, and and so then you can have friends
that kind of coach you through it as well.
Speaker 4 (18:29):
This is.
Speaker 3 (18:31):
We're quickly losing this human camaraderie and I think it's
really important.
Speaker 1 (18:37):
Excuse me, sorry about that.
Speaker 2 (18:41):
The next time you're on, I want to talk about
the new wave memorials and cemeteries, but we're at a
time this time because talking about human connection. I have
an article on the blog today interactive cemeteries. Well, you'll
be able to go and have a conversation with your
loved one. I want to know this real quick, and
we'll we'll we'll dive into this deep next time. But
(19:02):
can I plug in things that my dad would say,
so my dad the hologram or whatever would say them
back to me, because that would be really cool.
Speaker 4 (19:12):
We're getting very close to that. Yeah.
Speaker 3 (19:16):
I went over to Copernicus University last year in in Warsaw, Poland,
and they had they had robots of Copernicus there that
would would talk to you and answer any of your
questions that you had. So doing that for average people
on the street, I think we're real close to that,
(19:37):
all right.
Speaker 2 (19:38):
He's our futurist. He's Thomas Frye. Find him the Futurist
speaker dot com. I put a link to that on
the blog as well. Thomas fascinating conversation as always, and
it's given me a lot more ideas that I can
think about, never do anything about.
Speaker 1 (19:49):
So thanks for that, all.
Speaker 4 (19:54):
Right.
Speaker 1 (19:54):
I have a good one, that of course is Thomas Rye.
Thomas Frye.
Speaker 2 (00:01):
He's the guy that just spends a lot of time
thinking about stuff in the future and where it's going. Thomas,
let me ask you a question. When do you do
your thinking on stuff like you're mulling? When you tell
me about that process when you're mulling trying to figure
out the future.
Speaker 3 (00:18):
Oh, usually it's at night, But a lot of times
some of the best ideas just pop into your head
just at some random moment in time, so it's hard
to predict.
Speaker 2 (00:31):
I actually do most of my thinking my thinking time
in the car. I drive in silence for that reason.
And I told another friend of mine this today and
he's like, I don't know if I've ever driven in silence.
I'm like, well, when's your thinking time? You know you're
really thinking?
Speaker 1 (00:45):
You got to think.
Speaker 2 (00:45):
So he said I don't do that, and I was like, oh, okay,
well then that makes me special. Thomas has a very
interesting concept. Are you going to write a blog post
on this that I can share as well because you send.
Speaker 4 (00:56):
It to me? But yes, we'll have it posted in
a week.
Speaker 2 (00:59):
Or okay, because I think it's very interesting. But it's
a pretty complex topic of discussion, and I want to
make sure that people are interested in this could go
back and find more information about it later. Let's talk
about is it Neyman engines Neuman engines.
Speaker 3 (01:15):
Yeah, named after John von Neuman kind of he was
a contemporary of Valanteering, helped invent modern computing. He's one
of the sharpest guys of all times.
Speaker 4 (01:30):
But it's it's it's a whole different concept.
Speaker 3 (01:35):
Kind of the way cities have been reviving themselves is
through economic development, and these economic development operations are are
failing big time right now because things have changed so much.
So if you move a company into your area, you're
probably not going to get all the employees, or if
(01:57):
you get a few employees, that's all you're going to get.
So economic development there's still something's happening in that space.
But the true, the true engine of economic activity should
actually be in the startup space, because with AI, we're
going to be creating more startups than ever before in history,
(02:19):
and I think this becomes our biggest job engine ever created.
So the way the Noyman engine works is you start
with a venture studio. A venture studio is different than
than like an accelerator or an incubator. A venture studios
where you have a group of savvy entrepreneurs that actually
(02:42):
start all the businesses, and you bring this into.
Speaker 4 (02:45):
A community that is struggling or failing.
Speaker 3 (02:49):
Now, the communities are having problems filling office space, or
having problems filling shops on main street.
Speaker 4 (02:58):
They're just struggling economically. So when you.
Speaker 3 (03:02):
Start this steynment engine, then you have the opportunity not
to just create jobs, but to create prime jobs. Now,
a prime job is different than just creating a job. See,
if you create a coffee shop, what you're doing is
you're just recirculating the money in the community. If you
create a prime job, then you're bringing money from outside
of the community into it and that has multiple effects then,
(03:28):
and so that changes the way communities operate.
Speaker 1 (03:31):
Well, let me let me stop there. Let's start at
phase one.
Speaker 2 (03:34):
We'll call it phase one of the operation, and that
is the not incubator. And for people who don't know
what an incubator is, there are a lot of different organizations,
a lot of venture capitalists have incubators where you can
as an entrepreneur, you already have an idea, you've already
started the plan, you've already started the ball rolling on
your business. You may move into an incubator to take
(03:54):
advantage of their expertise to give more business help, to
get support as you begin to grow this business that
you've already created. So the other thing that the first
stage of the Normans engine is actually a space where
ideas are pulled out of thin air. Is that the
best way for me to dumb this down?
Speaker 3 (04:14):
Yeah, but there's more more logic to that than being
pulled out of thin air. But you're using kind of
the talent in the area. So if you have a
community that's in the oil and gas industry, then you
can use that startups in that space. If you have
a community that's in let's say, making movies, then you work.
Speaker 4 (04:39):
With talent in that space and so on.
Speaker 3 (04:41):
So you kind of build on what's already there, but
then you can you can veer off in different directions
as well.
Speaker 4 (04:51):
So the idea is.
Speaker 3 (04:52):
To first set up and establish a space. It'll be
like a co working space that has come a nation
coworking space with actually a theater for having shows, having classes,
helping people, doing meetups there, coaching people. So that that
(05:15):
was the kind of the heart of the whole Norman engine.
Is this startup space.
Speaker 2 (05:20):
And.
Speaker 3 (05:22):
Then you get people coming in there, and so the
venture studio will then start creating these prime businesses. In
a prime business would be like if you wanted to
start a distillery, distillery selling all over the country. If
you're starting, there's something that has a food industry, frozen
(05:47):
food or something like that, that's money coming from all
over the country.
Speaker 4 (05:51):
Health camps.
Speaker 3 (05:53):
There's lots of different kinds of health camps that you
can establish and that brings in money from all over
as well. And so when you start going down the list,
and I have quite a few different possibilities, but these
these can actually there's probably hundreds and hundreds of different
startup possibilities for a community. So then you have you
(06:17):
have the people that are starting things you have there.
Speaker 4 (06:24):
There's something that I call a how to school.
Speaker 3 (06:27):
How to school is something that's purposely local. It's just
telling you how to do things like how to start
how to start vibe coding, or how to do AI
marketing for your business and that sort of thing.
Speaker 2 (06:42):
So how do you use the AI tools that you
are Because Thomas, I don't you and I haven't spoken
about this. I have a friend that has worked in
the internet marketing field for a very long time. Since
the internet marketing field just started, He's started and launched
multiple companies, right, so as employed people, he's had staffs.
Speaker 1 (07:03):
He said, Well, he.
Speaker 2 (07:04):
Just launched a new company that is marketing to a
very specific kind of business and he's focused on that
like a laser.
Speaker 1 (07:10):
He has not had to hire anyone.
Speaker 2 (07:14):
To scale his business because he's using AI for everything,
which for him is outstanding, right, But I'm worried about
AI sort of leaving us with new customers to buy
the products kind of thing, you.
Speaker 1 (07:27):
Know what I mean.
Speaker 2 (07:28):
It's like, if AI is so efficient and AI is
capable of helping people build new businesses, which it is,
what does the landscape look like when we don't have.
Speaker 1 (07:40):
To hire people anymore.
Speaker 3 (07:44):
Yeah, there's going to be a lot of solo businesses,
but those people will still be buying products for themselves
and their family. So if we have ten thousand solo
businesses in a community, that's still a thriving me right.
So the kind of the landscape is going to change
(08:06):
dramatically as to how these businesses are function and operate.
There will still be a lot of people who choose
to hire people to do different things like even though
you can run a solo business, you probably still want
somebody to mow your lawn or to do your dry
cleaning things like that. So so anyway, this is going
(08:31):
to employ a lot of people. And I think with
all the sort of businesses that we're going to be
creating out of thin air here, that this is actually
going to give us with more employment than we've ever
had ever in all history.
Speaker 2 (08:46):
I look at this and I think, to myself, it
sounds like a great idea, and I wonder how it
can be done on a more micro level and specifically
thinking about you know, you have a list of cities
that that you have is like ripe for this kind
of development. And I'm going to use date and No
High because I was literally just in date O High
over the weekend. They've got or right, Patterson Air Force Base.
(09:10):
They've got an aerospace industry there. So you we're saying, look,
you lean into that, well, how can this be applied
to a suffering, a socioeconomically devastated community right where you
don't necessarily have a super highly educated workforce. You're not
necessarily going to have a lot of college grads. Could
(09:30):
this be used to help create an economy within one
of those lower socioeconomic neighborhoods in the same way. You know,
because what you're talking about is educated people using AI
to do to do things that will attach to other
highly educated industries. Well, what about using this in a
community that is, you know, the average home or the
(09:52):
average person doesn't own their own home and they're living
on the margins. Is this something that could be used
on that scale? Do you think to reinvigorate even individual neighborhoods,
forget cities, just smaller things than that.
Speaker 3 (10:06):
Yeah, when when you have a venture studio, you have
savvy entrepreneurs that are going to start creating things, and
they're going to be creating businesses that they will coach
along until a point where they can have another set
of entrepreneurs take them over.
Speaker 4 (10:22):
So the business gets off the.
Speaker 3 (10:23):
Ground and operating and they have a handoff to a
local group of entrepreneurs that can rend it from there.
So this is kind of a training operation at the
same time, So you're training training the next generation of
business operators. So I think this creates a lot of
(10:45):
excitement in the community. Lots of people then change their
their their path, change their thinking and say, oh, I
want to be part of that. And so going to
going to a few sessions at the at the how
to school and you're learning a few things, you don't
quite learn enough. So then you sign up for the
(11:05):
local meetup group and then you start hanging out with
other people, other like minded people.
Speaker 4 (11:11):
And that's the key.
Speaker 3 (11:12):
When you get that mindset in a community that you
can take it from here, you can do it on
your own.
Speaker 4 (11:18):
That changes a lot of things.
Speaker 3 (11:20):
That changes the perspective of virtually everybody in the community.
Speaker 1 (11:25):
Oh, I agree wholeheartedly.
Speaker 2 (11:26):
I mean, it's the difference between you know, going to
Haiti and building a school and going to Haiti and
teaching people how to do construction, right. I mean, I'd
an interview some many years ago now with a woman,
a Haitian woman in Haiti who was begging mission trips
to stop coming to Haiti and building things or doing things.
They're like, bring people down and teach people how to
(11:48):
do this stuff, because what you've done is create a
whole group of people waiting for another set of missionaries
to show up and build them another thing. And this
is kind of what you're talking about, Like, teach people
along the way. This is interesting, Thomas, because my former
father in law actually wasn't banking for a very long
time and one of his pet projects that he was
never able to quite get off the ground because of money.
(12:09):
And I want to ask you about that next is
he wanted to go in and create exactly what you're
talking about.
Speaker 1 (12:15):
Invite people from.
Speaker 2 (12:16):
A community to come in and say, what's your idea
for a business? Who would it serve, how would it
work in your mind, you know, and let's see if
we can flesh this out, and then do.
Speaker 1 (12:24):
Exactly what you're talking about.
Speaker 2 (12:26):
Handhold people through the process, teach them how to do accounting,
teach them how to you know, advertise their but like,
teach them what they need to know.
Speaker 1 (12:33):
And he got close a few.
Speaker 2 (12:35):
Times, but it always came down to you're asking for
a big investment for what, maybe initially for many years
a low return situation. So who funds this, how do
you get the money to do this? And what might
it cost?
Speaker 4 (12:52):
Yeah, the yeah, the kind of the low end.
Speaker 3 (12:55):
We're thinking roughly it's around ten million dollars over five years, right,
So a lot of cities can afford that. They're spending
a lot of that money on economic development. Right now,
they can use municipal bonds, so this gets paid back
by all the businesses that get started. This is an
(13:15):
investment in their own community. I'm not going to say
that you can do it on a bootstrap it or
do it on a shoe string. I think you need
to make a serious commitment in your community and then
just go for it.
Speaker 2 (13:31):
I agree, and I think that you need to pay
people to be full time employees that have the knowledge
and skill set to do the things that need.
Speaker 1 (13:39):
To be done.
Speaker 2 (13:39):
You know, I'm actually thinking, have you ever heard of
the organization's SCORE.
Speaker 1 (13:43):
It's the Society of I can't remember.
Speaker 2 (13:46):
It's like retired corporate executives, and it's a volunteer organization.
And if you start a business, you can go to
SCORE and they will give you good business advice.
Speaker 1 (13:55):
It sounds like something if. I feel like.
Speaker 2 (13:57):
All of the pieces for this already exists, we just
need to put them all together in one place.
Speaker 3 (14:03):
Yeah, except the pieces are changing with AI. I mean
this idea of being able to do vibe coding as
an example, I.
Speaker 1 (14:13):
Don't even know what that is, Thomas, where is that talk.
Speaker 3 (14:16):
To talk to your computer and it will actually build
your website, or it'll do the software coding for you.
That's something that's new and different. It's something that has
come out within the last six months, so not everybody
knows about it.
Speaker 4 (14:34):
So that's one of the pieces that's changing.
Speaker 1 (14:38):
No, I agree, and I do think that.
Speaker 2 (14:40):
I think that in the next before AI becomes super
intelligent decides we're no longer worth it and wipes us
off the face of the earth in one night by
cutting all of our gas lines, I'm sure that won't
happen for a while, so let's just enjoy the run
while we can. I do think that our economy is
going to be divided into people who learn to use
A and people who don't. I really think the divide
(15:03):
is going to be significant. And I think that people
who learn to use AI effectively and learn to use
the tools that are available to them via AI, are
going to excel in the economy no matter what field
they're in. I think they're going to be the ones
that excel. And I think anything that we can do
to sort of inspire the next generation to really take
these tools seriously. But man, there's so many of them
(15:25):
coming out every day. It's hard to keep up, So
this would be this would be a way to do
those lots.
Speaker 3 (15:31):
A lot of the AI agents right now can work
as a personal coach for you.
Speaker 4 (15:36):
Let's say you want to write a book.
Speaker 3 (15:38):
You can have this personal coach that's sitting on your
shoulder telling you, coaching you on how to how to
put together the characters, how to create the story arc,
how to create a good ending, and then put all
the pieces together, and by the time you're all done,
then you have something that you've accomplished, an accomplishment form
(16:01):
of education. And this is new and different because most
of the stuff that's being taught in schools today, you
accomplish virtually nothing that you're proud.
Speaker 4 (16:13):
Of that you want to show your friends. Right right, If,
as an example, you want.
Speaker 3 (16:17):
To become a gamer, a game designer, and you want
to design video games, you could actually have a coach
that actually coaches you through that whole process, teaching you
different ways of putting this techniques together and kind of
creating the storyline for.
Speaker 4 (16:34):
That game that you want to play.
Speaker 3 (16:36):
And by the time you're done, and you have something
that you want to that you're proud of, that you
want to show your friends, this is another accomplishment form
of education. I find that to be quite fascinating.
Speaker 1 (16:49):
I agree. I don't know.
Speaker 2 (16:52):
I'm afraid and maybe this is just an unnecessary thing
to be worried about. I'm afraid that they're What you're
saying for cities makes a lot of sense. It would
work for Denver. I mean, if you if you really
concentrated your efforts on creating new industry in Denver rather
than trying to drag other industries here to your point
(17:13):
where you may or may not get all their employees.
Speaker 1 (17:15):
I think that's a better way to go.
Speaker 2 (17:17):
And I actually think Governor Jared polis it would agree
with everything you just said. He's very attuned to bringing
in tech and you know, and trying to nurture startups.
So I think that for Denver it would be a
really interesting proposition. But again, you know, I'm I'm looking
to try and figure out how to help people who
(17:37):
are not well versed in computers, who are not well
versed in and for AI may seem so overwhelming for them.
How do we make that more accessible? Maybe we need
an AI for that.
Speaker 3 (17:50):
Yeah, just uh, there's there's a lot of people are
living in isolation, and I think that's that's kind of
the wrong way to do it. If you can find
a group of friends that are actually doing something similar
and you can.
Speaker 4 (18:06):
Hang out with them, and you go.
Speaker 3 (18:08):
To this a certain place every day and you go
there and you have coffee, and you strike up discussions
with what if you accomplished day, what if I accomplished today?
And suddenly you start learning about things you never knew
about before, and and so then you can have friends
that kind of coach you through it as well.
Speaker 4 (18:29):
This is.
Speaker 3 (18:31):
We're quickly losing this human camaraderie and I think it's
really important.
Speaker 1 (18:37):
Excuse me, sorry about that.
Speaker 2 (18:41):
The next time you're on, I want to talk about
the new wave memorials and cemeteries, but we're at a
time this time because talking about human connection. I have
an article on the blog today interactive cemeteries. Well, you'll
be able to go and have a conversation with your
loved one. I want to know this real quick, and
we'll we'll we'll dive into this deep next time. But
(19:02):
can I plug in things that my dad would say,
so my dad the hologram or whatever would say them
back to me, because that would be really cool.
Speaker 4 (19:12):
We're getting very close to that. Yeah.
Speaker 3 (19:16):
I went over to Copernicus University last year in in Warsaw, Poland,
and they had they had robots of Copernicus there that
would would talk to you and answer any of your
questions that you had. So doing that for average people
on the street, I think we're real close to that,
(19:37):
all right.
Speaker 2 (19:38):
He's our futurist. He's Thomas Frye. Find him the Futurist
speaker dot com. I put a link to that on
the blog as well. Thomas fascinating conversation as always, and
it's given me a lot more ideas that I can
think about, never do anything about.
Speaker 1 (19:49):
So thanks for that, all.
Speaker 4 (19:54):
Right.
Speaker 1 (19:54):
I have a good one, that of course is Thomas Rye.
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