The Informational Advantages of the Local Versus the Global

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The kidnap insurance industry is about a $500 million industry where companies pay and Lloyd's Alundin is like the main underwriter of the insurance. So they're basically like the referee of the industry, because you have individual people in the industry are incentivized to like pay large ransoms. And so very quickly, what happens is if one person pays a huge ransom, then more pirates will ask for it. It takes really hard to get everyone back into that 100,000 range.

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Named "King of Viral Media" by Forbes, Emerson Spartz is one of the world's leading experts on internet virality and has been featured in major media including CBS, CNBC, CNN, and hundreds more. Spartz was named to both Forbes' and Inc Magazine's "30 Under 30" lists. Spartz is the founder of Dose, a top digital media company with $35 million in funding. Dose's videos generate billions of video views, and the company's broadcast TV show, Morning Dose, airs on CW stations nationwide. Previously, Spartz created 20+ of the world's largest viral content sites, including OMG Facts, attracting 50 million visitors monthly. At age 12, Spartz founded Mugglenet, the #1 Harry Potter site and one of the internet's largest communities. By the age of 19, Spartz became a New York Times bestselling author after publishing his first book. Find out more about Emerson at his website: emersonspartz.com

Staff