The future of transcriptions, Tom Ivne, CEO, Verbit

Tom shares his unique entrepreneurial story and the values that have led to his success.

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Avishai Sharlin, Division President of Amdocs Technology

S4 E3

02 May 2022

46:12

The future of transcriptions, Tom Ivne, CEO, Verbit

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May 2, 2022
The future of transcription, Tom Livne, CEO, Verbit

It’s easy to typecast what a successful entrepreneur should be like: someone growing up awash in technology, attending a prestigious university to study in that area, and then building a unicorn. But that’s not how it always works. In fact, it may not be how it often works. There’s a different sort of entrepreneurial narrative. In this story, it’s about a person who has had a winding path to business success. But along that journey, this character saw a problem, came up with a solution, and then had the ideal balance of perseverance and business sense to create a successful company over a period of time.

“Instead of doing everything manually, we said, ‘Okay, let's do most of it by technology.’ And then the last mile editing the technology, we know that it's not able to get it, we will put the human [in] and kind of give them the tools to make their job more efficient.”

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Tom Livne

Founder and CEO, Verbit

Tom Livne, the CEO and Founder of Verbit, started his career in the Special Forces, which he credits for teaching him resiliency. He then became an attorney and came to the conclusion that the transcription industry needed disruption. At the time, the technologies necessary to disrupt the industry, A.I. and the cloud, were not quite ready. He continued on his journey earning an MBA and even founding a security company. Then when the business-stars aligned, alongside the right technology, he created Verbit to focus on the transcription issue he was passionate about. His spirit of resilience helped him to develop Verbit from a bootstrap company to one with major investment and lots of room to grow. On this episode of Future of Tech, Tom shares his unique entrepreneurial story and the values that have led to his success. Enjoy this episode!

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