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How William Erbey’s ideas become reality

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How the entrepreneur, philanthropist and inventor Bill Erbey applies his philosophy to machines and medicine.

It’s rare to meet a serial entrepreneur who founded six multibillion-dollar publicly-listed companies, who applies mathematical and statistical concepts to his business projects. When questioned about their success, others choose happenstance over conspiracy; for William Erbey, it’s the application of math and statistics each time.

“For the last 50 years I have applied those concepts to my businesses wherever possible-my goal is to devise products that provide greater value to the customer, that can be produced at a lower cost, so I can compete on price if need be,” said Bill. In his case those projects almost always involved a technological solution grounded in math and statistics.

Bill has invented a patent-pending control system for generators and electric motors. In simple terms, it reduces the heat generated by half, and increases the engine’s efficiency by about 8%. The Kira motor technology will radically enhance the modern electric motor by increasing its driving range, which will significantly increase electric vehicles mass adoption.

A recent investment close to Bill’s heart is in the futuristic area of medical devices, and more specifically, in the medical technology associated with kidney failure.

“Of course, there’s obviously math and analytics involved here, but not the same type. What are the three biggest medical spends?  – Kidney, cancer and cardiac. Do you realise that medical treatment involving kidneys in the United States will represent a $1.4 trillion spend by 2030, so it’s a massive issue”, he said in a recent RealVision interview.

What interested Bill specifically was John Erbey’s idea, changing the whole way of thinking about how one deals with kidney problems.

In essence most of today’s solutions are all about pushing fluid through the kidney, or “renal preload”. “Today, we try and put more fluid through the system, and we use drugs as well”.

For Bill it was the way the fledgling company is looking at the whole issue from outside the box. “The reason I invested in the company, besides him being my nephew” he smiled “was the fact that his solution was so elegant. “Why didn’t anybody think of looking at the problem in that way before? Why do you push fluid through the kidney-why wouldn’t you pull fluid through it instead? It is a very elegant and simple solution to a major problem”.

According to the Strataca Systems’ official website, the company believes ‘expensive medical problems require effective solutions’. Few problems are as large or as expensive as acute decompensated heart failure, which leads over 1 million hospital admissions in the USA each year. The primary reason for hospitalisation is congestion-fluid overload-which leads to shortness of breath’. Since the kidneys are responsible for fluid management, as renal function is compromised, the morbidity, mortality and costs for these patients rise. The company is developing patented technology to improve urine output and decrease congestion.

The problem that is being addressed is hugely significant in numbers alone; between eight and 10% of the world’s population suffers from cardiorenal syndrome-that is, kidney failure. In real terms that’s 12 Americans dying each day.

What separates Bill from many investors, is that he really is interested in the minute detail of how the product or service works. He’s a man who really cares about making people’s lives better – it’s his key to success. He wanted to know exactly how the medical device worked and what was the thought behind it. And he’s therefore able to explain the details.

“By pushing liquid through the kidney, you put more pressure on it-the kidney itself is in a semirigid sack, so it actually starts deteriorating the kidney function. So it was interesting when my nephew explained to me exactly how they deal with the problem today. It was like my understanding of the Internet”. Today, the cure for this ‘congestion’, rather like the cure for the increased Internet congestion, is again trying to push more stuff through the system. The kidney pushes back and basically nothing happens. John spent four months thinking about why nobody had ever thought about the problem in his way.  So what he does is use negative pressure to pull the urine out of the kidney. It’s already through the animal testing stage and is now going through human testing”.

And like his other projects combining investment with innovation, machinery, conservation, Internet streaming, Bill believes that this will ultimately help people to not have to go on dialysis.

“It’s a horrible thing and certainly significantly truncates one’s life expectancy. As I said it’s a $1.4 trillion market which is amazing. And that figure represents the US alone. Globally it’s probably closer to $3 trillion. So it’s a massive market, and he has a very strong patented protection around the idea”.

It’s no wonder that they call Bill Erbey a Renaissance man; looking at his myriad of inventions and investments, he certainly seems to exemplify the expression “the man with the Midas touch”. Watch this space.

The idea of Bigtime Daily landed this engineer cum journalist from a multi-national company to the digital avenue. Matthew brought life to this idea and rendered all that was necessary to create an interactive and attractive platform for the readers. Apart from managing the platform, he also contributes his expertise in business niche.

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Business

Business Strategies of Michael Gastauer

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Michael Gastauer, a German billionaire and entrepreneur, has led Black Banx to remarkable heights with his innovative strategies in the digital banking sector. As the founder and CEO, his vision has transformed Black Banx into a significant player in the global financial industry, serving millions and revolutionizing banking practices. 

Gastauer’s approach has been distinctly customer-centric, focusing on solving real-world problems through accessible financial services. This strategy has not only captured a vast market share but also established Black Banx as a model of innovative fintech success.

Innovate Early and Often, Invest Strategically

Gastauer’s journey began with a robust foundation in the fintech sector, where he initially created and later sold a payment services company for US$480 million. 

This significant capital boost allowed him to invest in his next venture: Black Banx. Launched in 2014, Black Banx differentiated itself by offering real-time account opening and cross-border payment solutions to a global audience, addressing major inefficiencies in traditional banking. 

Gastauer’s foresight in identifying and investing in these key areas early on allowed Black Banx to scale quickly and efficiently. His strategy was clear: leverage high initial investment to accelerate growth and secure a substantial market presence before competitors could catch up.

Within a year of its inception, Black Banx expanded rapidly, reaching over 1 million customers. This was just the beginning, as the platform soon integrated cryptocurrency options, enhancing its appeal and utility for a broader client base. By the end of 2018, Black Banx was valued at US$9.8 billion, a testament to its rapid growth and the successful implementation of its business model. 

Gastauer’s bold move to integrate cryptocurrencies early in the game positioned Black Banx as a pioneering force in fintech, well ahead of traditional banks.

Pinpoint Problems and/or Challenges

One of the core components of Gastauer’s strategy was to tackle financial exclusion head-on. Black Banx made significant strides in offering banking solutions to the unbanked and underbanked, particularly in regions with limited access to traditional banking services. 

By leveraging technology and strategic partnerships with mobile network operators, Black Banx has been able to extend its reach and offer innovative banking solutions to millions worldwide. This strategic alignment with mobile operators has been crucial, as it taps into an existing infrastructure to reach remote areas, significantly lowering the cost of expansion.

The platform’s ability to facilitate quick, cost-effective international money transfers has been a game-changer, particularly in markets like the Middle East, Asia, and Africa. This not only supports individuals and businesses in these regions but also contributes to the overall growth and stability of the global economy. 

Gastauer’s focus on simplifying and reducing the cost of these transactions demonstrates a deep understanding of the core needs of his customers, thereby enhancing customer loyalty and trust in the brand.

Take a Tech-Driven Approach

Under Gastauer’s leadership, Black Banx has remained at the forefront of technological integration within the banking sector. The adoption of blockchain, AI, and data analytics has enabled the platform to offer personalized financial services, enhancing customer experience and satisfaction. 

This technology-driven approach ensures that Black Banx stays ahead of industry trends and continues to offer relevant and secure banking options. Gastauer’s commitment to integrating advanced technology not only streamlines operations but also provides a scalable model that supports continuous growth and adaptation in a rapidly evolving market.

Leave No Market Unturned

Gastauer’s vision for Black Banx was never limited to a single region. By 2023, the company had expanded its services to include 28 FIAT and two cryptocurrencies, with a robust presence in over 180 countries. This global approach has not only diversified the company’s customer base but also minimized regional economic risks, allowing Black Banx to thrive in a competitive and fast-changing financial landscape. 

The strategic decision to operate across diverse markets also mitigates the risk of localized economic downturns affecting the overall health of the company.

Set Milestones

The year 2023 was a landmark year for Black Banx, as it reached 39 million customers and reported revenues of US$2.3 billion. The company’s ability to maintain a high rate of customer acquisition and satisfaction speaks volumes about its effective strategies and customer-focused approach. 

The first quarter of 2024 continued this trend, with Black Banx announcing a pre-tax profit of US$639 million and revenues of US$2.1 billion, driven by strategic implementations like fixed monthly account maintenance fees. Gastauer’s strategy to introduce fixed fees was a calculated risk that paid off, providing stable revenue streams and further solidifying Black Banx’s financial foundation.

Michael Gastauer’s strategic foresight and relentless innovation have propelled Black Banx to new heights, making it a leader in the digital banking sector. His commitment to financial inclusion, coupled with an aggressive expansion strategy and technological integration, has not only shaped the future of Black Banx but has also set a new standard in the industry. 

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