Dive into the fascinating world of entrepreneurship through the lens of Vera Silver, an accomplished businesswoman and CIO of Bitvore. From the importance of hard work and attention to detail to the power of building meaningful connections - there are many lessons learned that have shaped Vera into the CIO she is today.

We'll explore Bitvore, their groundbreaking risk management solutions as well as their potential business impact. Entrepreneurship demands unique skills and qualities in an ever-changing field, something Vera understands. Her journey exemplifies the benefits of perseverance and risk-taking.

What are three things every entrepreneur should know?

Vera’s entrepreneurial success hinges on her unwavering work ethic and intense goal-oriented focus. She emphasizes that it's not just about the number of hours you work but it’s also about consistent dedication and concentration. Vera's transition from long hours to efficient hours demonstrates her entrepreneurial adaptability to work smart, not hard.

Attention to detail is paramount in a fast-paced entrepreneurial world. Vera leverages her background in the financial industry to stress the importance of knowing and adhering to the numbers. She insists on being well-informed and prepared, as even seasoned entrepreneurs can be exposed if they neglect the details.

Entrepreneurship is inherently collaborative, thriving on connections and relationships. Vera recognizes the value of surrounding oneself with talented individuals and forming a community of like-minded professionals. Her experience of working with brilliant minds showcases the importance of building a supportive entrepreneurial network and community.

What problem does your business solve and who are its customers?

Vera is the CIO of Bitvore, a company focused on risk management solutions with an innovative approach that involves collecting and analyzing vast amounts of unstructured data to provide valuable insights to clients. If Bitvore detects any stories related to the areas or subjects it's tracking, it proactively notifies the user, providing personalized updates and insights.

Bitvore's risk management platform goes beyond traditional financial data and incorporates additional sources such as supply chain data and spatial risk analysis. By leveraging artificial intelligence and smart data mining, Bitvore provides clients with a comprehensive view of their risk landscape. 

Bitvore’s innovative platform has the potential to revolutionize the way businesses approach risk assessment and mitigation. By providing real-time insights and proactive risk management strategies, they empower businesses to make informed decisions and navigate the complexities of the global market.

Bitvore primarily serves large financial institutions in the US, and they have plans to expand into the European market. Additionally, they are in the process of establishing relationships with specific manufacturing companies to pilot their innovative products.

What inspired you to become an Entrepreneur?

What inspired Vera to become an entrepreneur was the realization that, after many years of working for large corporations and creating innovative solutions, she wanted to try building something for herself. 

Vera saw the value in having more freedom to be creative and recognized that working for a startup provided the autonomy and excitement she craved. In a startup, she could fully unleash her creativity without the constraints of a corporate environment, and that prospect greatly appealed to her.

Knowing what you know now, how would you have spent a million dollars when you first started your business?

Vera’s answer was very simple: she would have started her business sooner. Additionally, Vera recognizes the importance of building a strong team and feels that launching their Intelligent product would have been a significant step forward from the beginning.

What big goals are you looking to achieve?

In the future, Vera’s main aim is to focus on growing Bitvore while assisting the founders in achieving their long-standing goals. Bitvore has been their baby for a long time and she strives to support them in realizing the objectives they set when they started the company eight years ago.

As the business landscape continues to evolve, innovative solutions like Bitvore's risk management platform have the potential to reshape industries and drive sustainable growth. By embracing the entrepreneurial spirit and leveraging the power of technology, entrepreneurs can navigate the ever-changing landscape and create a lasting impact.

Are you a leader finding your own ways to navigate the world of entrepreneurship? We’d love to chat with you about your journey! Get in touch with us today to share your Entrepreneur Story.