Beyonic Wins the IBM Global Entrepreneur Pitch Competition
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Beyonic, a company whose software connects major global finance sources with payment networks in the developing world to facilitate mobile payments, won the IBM Global Entrepreneur pitch competition Wednesday at the IBM campus on Burnett.
Three other finalists competed Wednesday afternoon.
Picture it Settled is what founder Don Philbin calls “Moneyball” for legal negotiations. Since the majority of cases are settled out of court, Philbin said, negotiations can take a long time, involving anywhere from two moves to 50. Philbin, himself a lawyer, said Picture it Settled uses a model of 13,000 cases involving hundreds of thousands of moves to create a predictive model of what the actual settlement number will be, helping attorneys figure out where to begin negotiations with a visual model of where each of the parties might begin and what the actual number will likely be.
There’s still maneuvering to be done, Philbin said. “The right number at the wrong time is still the wrong number.” But with the software, attorneys can start closer to the mark than they otherwise might have and settle negotiations more quickly.
“People are irrational during lawsuits,” Philbin said, “but they are predictably irrational.”
Philbin’s target market includes corporate counsel, trade associations, people responsible for strategic partnerships.
Tags: Don Philbin, Entrepreneur, legal negotiations, Philbin
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