Caryn Seidman-Becker

And people don't think of identity as a problem.

They think of fraud or compliance or frictionless experience, whipping out cards or insider risk.

Now, there's actually a story today in The Wall Street Journal about North Koreans infiltrating workforces, which is a real problem.

That's all identity and bringing it to life, both with the government and a public private partnership in airports and in other sectors, health care and online where anonymity rules and that creates all sorts of problems or to secure workforces, I think is the secret and the opportunity at Clear.

I invested in a broad spectrum of companies, started out in risk arbitrage and then went on to asset management and hedge funds.

And in 2002, we started Ariens Capital, which stood for art and science, which is my view of investing.

It's highly quantitative and highly qualitative art and science.

We had the good fortune, although every day it didn't necessarily feel that way, of investing in Apple, Amazon and Priceline in 2002.

And when you looked at Apple, they used to have signs in their boardroom that said five down and 95 to go.

And that was their market share.

They had candy colored Macs and this iPod with a big white dial in the middle that people thought Zoom might ultimately crush.

Or you thought about Amazon, which was books and books, music and video.

Then a few more categories.

Lots of people thought they were going to go out of business.

He was on the cover of Time magazine.

I think it was Amazon bust or something of that nature.

Yeah.

And then Priceline was opaque travel and almost went bankrupt after 9-11.

And those were all products that you watched become platforms.

Priceline turned into bookings and a global OTA offering you a lot more than opaque travel.