Founders – Matice Zasovska http://www.maticezasovska.cz/ Thu, 02 Dec 2021 23:39:01 +0000 en-US hourly 1 https://wordpress.org/?v=5.8 http://www.maticezasovska.cz/wp-content/uploads/2021/07/icon-4-150x150.png Founders – Matice Zasovska http://www.maticezasovska.cz/ 32 32 P33 to continue pitch competition for founders of black and Latino startups http://www.maticezasovska.cz/p33-to-continue-pitch-competition-for-founders-of-black-and-latino-startups/ Thu, 02 Dec 2021 18:53:02 +0000 http://www.maticezasovska.cz/p33-to-continue-pitch-competition-for-founders-of-black-and-latino-startups/ “It’s amazing,” Izuakor said of the win. “I’m still in shock and super grateful.” TechRise was launched in April with a $ 5 million fund to invest in startups owned by various entrepreneurs. The program aims to channel more funds to minority-owned startups, which receive just 1.9% of all startup funding in Chicago, according to […]]]>

“It’s amazing,” Izuakor said of the win. “I’m still in shock and super grateful.”

TechRise was launched in April with a $ 5 million fund to invest in startups owned by various entrepreneurs. The program aims to channel more funds to minority-owned startups, which receive just 1.9% of all startup funding in Chicago, according to P33. Corporate sponsors like Verizon, Discover and Valor Equity Partners have contributed to the TechRise fund.

To date, TechRise reports that 119 startups have participated in 30 competitions. Including last night’s prize, the program awarded more than $ 920,000 to 42 startups.

According to data from P33, the startups that participated in TechRise collectively raised $ 7.2 million in funding and created 420 new jobs. Of the winning teams, 62% were founded by women, 76% by black entrepreneurs and 22% by Latinos.

Because this year’s program has been a success, P33 intends to host another TechRise program in 2022 to disperse even more funds, Desiree Vargas Wrigley, executive director of the program, told the competition.

Cyber ​​Pop-up beat six other startups in Wednesday’s competition, all of which were chosen to compete to win previous TechRise competitions earlier in the year. Grapefruit Health, a platform that connects at-risk seniors with nursing students founded by Eric Alvarez, won the People’s Choice Award and $ 25,000.

Cyber ​​Pop-up, which helps small businesses meet their cybersecurity needs, intends to use the funding to expand the team and the product, Izuakor said. The startup has raised small amounts of funding from other pitch and micro-fund competitions and is currently in the process of raising a $ 2 million round.

Izuakor was named to Crain’s 20 in her 20s list when she was senior director of strategy and global security awareness at United Airlines. Izuakor, who holds a doctorate in security engineering from the University of Colorado, left United in 2019 and launched Cyber ​​Pop-up in 2020.

TechRise is one of many new Chicago funds that have been launched to address funding disparities in Chicago. Others include LongJump, a fund run by startup founders for underrepresented founders, and Fifth Star Funds, a venture philanthropy fund run by Samir Mirza who has invested in Cyber ​​Pop-up.

Besides TechRise, P33 manages and supports many other diversity initiatives in the city. The organization, founded by Penny Pritzker and Chris Gladwin and led by CEO Brad Henderson, helps run programs at Discovery Partners Institute and Pritzker Tech Talent Labs, both aimed at building a more inclusive tech workforce.

Earlier this week, P33 released a report linking the lack of diversity in the tech workforce to the few black and Latino people with computer science degrees in Illinois.

“The more we can highlight things like (TechRise), the more people understand the value and the huge opportunities that are missed when the founders of Black and Brown are overlooked and underestimated,” said Izuakor.


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Jailed Silk Road founder causes a stir with NFT drop http://www.maticezasovska.cz/jailed-silk-road-founder-causes-a-stir-with-nft-drop/ Wed, 01 Dec 2021 06:00:17 +0000 http://www.maticezasovska.cz/jailed-silk-road-founder-causes-a-stir-with-nft-drop/ Ross Ulbricht, founder of the former dark web market Silk Road, caused a stir by announcing that he will be auctioning his series of non-fungible tokens (NFTs) from December 2. Jailed first Bitcoin adopter announced via supporter has operated Twitter account on December 1, his plans for auction the Ross Ulbricht Genesis collection on the […]]]>

Ross Ulbricht, founder of the former dark web market Silk Road, caused a stir by announcing that he will be auctioning his series of non-fungible tokens (NFTs) from December 2.

Jailed first Bitcoin adopter announced via supporter has operated Twitter account on December 1, his plans for auction the Ross Ulbricht Genesis collection on the Superare NFT market from December 2 to 8. The collection consists of 11 handcrafted works of art by Ulbricht and then his followers in NFT form.

Art was made at different stages of Ulbricht’s life, from his childhood until his time in prison. The earliest works depict comic book characters and animals, while the later works depict scenes from his trial and the inner feelings he has had since his imprisonment.

Proceeds from the auction will help fund a trust to support Ulbricht’s efforts to be released from prison. The funds will also help launch the donor-advised charity fund. Art4Give, which is “dedicated to alleviating the suffering of incarcerated persons and their families”.

Ulbricht has been a controversial figure in the crypto field since being sentenced to two life terms in federal prison in October 2015 for exploiting the Silk Road marketplace. Silk Road first opened on the dark web in February 2011 and allowed users to buy almost anything with Bitcoin (BTC), including illicit substances.

that of Ross Ulbricht Perspective from the Ross Ulbricht Genesis collection by NFT.

The announcement sparked a storm of conflicting comments from people on social media, some against Ulbricht’s decision, but most in favor of his cause.

Related: Impact of Crypto on Sanctions: Are Regulators’ Concerns Justified?

A skeptical commentator, founder of bullbitcoin.com @francispouliot said that while he supports Ulbricht, “the fact that NFT’s insane and immoral ponzi is now completely normalized is deeply troubling.” Other Bitcoin maximalists have also opposed the whole concept of NFT with @vladenhawk writing “I can tolerate the creation of international drug and gun markets. But NFTS is where I draw the line.”

Crypto Cobain, a prominent host of UpOnly TV, pointed out in support that while a few Bitcoin maximalists may be against Ulbricht cashing in NFTs, he was instrumental in the early adoption of Bitcoin.



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Twitter co-founder Jack Dorsey steps down as CEO http://www.maticezasovska.cz/twitter-co-founder-jack-dorsey-steps-down-as-ceo/ Mon, 29 Nov 2021 15:55:55 +0000 http://www.maticezasovska.cz/twitter-co-founder-jack-dorsey-steps-down-as-ceo/ FILE – In this October 28, 2020 file photo, Twitter CEO Jack Dorsey appears on a screen as he speaks remotely during a hearing before the Senate Trade Committee in Capitol Hill, Washington. Twitter shares rise when the market opens on Monday, November 29, 2021 following a report that Dorsey is stepping down. (Michael Reynolds […]]]>

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FILE – In this October 28, 2020 file photo, Twitter CEO Jack Dorsey appears on a screen as he speaks remotely during a hearing before the Senate Trade Committee in Capitol Hill, Washington. Twitter shares rise when the market opens on Monday, November 29, 2021 following a report that Dorsey is stepping down. (Michael Reynolds / Pool Photo via AP, File)

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Twitter co-founder Jack Dorsey will step down as CEO of the social media platform, the company said. He will be replaced by the current Chief Technology Officer of Twitter, Parag Agrawal.

Dorsey will remain on the board until her term expires in 2022.

Agrawal has been CTO since 2017 and at Twitter since 2011.

In a letter posted to his Twitter account, Dorsey said he was “really sad … but really happy” to be leaving the company and that was his decision.

Dorsey has faced several distractions as a CEO, starting with the fact that he’s also the founder and CEO of the payments company Square. Critics have long complained that the arrangement has divided its attention to the detriment of Twitter.

THIS IS A CURRENT UPDATE. AP’s previous story follows below.

Twitter shares are skyrocketing following a report that co-founder Jack Dorsey will step down as chief executive of the company.

Twitter action, which has consistently underperformed the market, jumped more than 10% at the opening bell Monday before trading was halted pending further news.

CNBC initially reported that Dorsey could resign soon, citing anonymous sources.

Twitter Inc. did not immediately respond to an Associated Press request for comment on Monday morning. Dorsey sent the “I like Twitter” tweet on Sunday.

Dorsey is also the chief executive of Square, a financial payments firm he founded, and some large investors have openly questioned whether he could be effective at the helm of both.

Last year, the company struck a deal with two such activist investors who kept Dorsey at the top and gave a board seat to Elliott Management Corp., which held around 4% of Twitter’s shares, and another in Silver Lake. .

Twitter was caught in the heated political atmosphere leading up to the 2020 election. Former President Donald Trump was banned from Twitter, with Dorsey defending the move, claiming the January 6 riot on Capitol Hill and Trump’s tweets after the event resulted in a risk to public safety and created an “extraordinary and untenable circumstance” for the company. Trump sued the company, along with Facebook and YouTube, in July for alleged censorship.

The early days of Twitter started with a tweet from Dorsey on March 21, 2006 that said “just set up my twttr”. Twitter went through a period of robust growth during its early days, but as growth slowed, the San Francisco-based company began tweaking its format with the goal of making it easier and more attractive to use.

Dorsey initially became CEO of Twitter in 2007, but was forced to step down the following year. He returned to the role in 2015.


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Baha’i Communities Mark Death of Founder’s Son | Faith and values http://www.maticezasovska.cz/bahai-communities-mark-death-of-founders-son-faith-and-values/ Sat, 27 Nov 2021 21:00:00 +0000 http://www.maticezasovska.cz/bahai-communities-mark-death-of-founders-son-faith-and-values/ DECATUR – Members of Baha’i Faith around the world will celebrate the 100th anniversary of the death of Abdu’l-Baha, who died on November 28, 1921. Abdu’l-Baha was the son of the Founder of the Faith, Baha’u’llah, and ruled the Faith from his father’s death in 1892 until his own death. His funeral in Haifa, Israel, […]]]>

DECATUR – Members of Baha’i Faith around the world will celebrate the 100th anniversary of the death of Abdu’l-Baha, who died on November 28, 1921.

Abdu’l-Baha was the son of the Founder of the Faith, Baha’u’llah, and ruled the Faith from his father’s death in 1892 until his own death. His funeral in Haifa, Israel, brought together 10,000 people in mourning.

While in the Chicago area, he laid the cornerstone of the Baha’i House of Worship at Wilmette. A few years earlier, when he could not leave what is now Israel, Abdu’l-Bahá had approved the construction of this, the second Bahá’í House of Worship, and had given advice to the American Bahá’í on its location and architectural design basics.

Due to COVID-19, events will be virtual only. For information, visit www.bahai.org.

Contact Valerie Wells at (217) 421-7982. Follow her on Twitter: @modgirlreporter


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Tech investor Chris Ridd joins BoardPro board urging startup founders to focus on governance http://www.maticezasovska.cz/tech-investor-chris-ridd-joins-boardpro-board-urging-startup-founders-to-focus-on-governance/ Fri, 26 Nov 2021 05:01:45 +0000 http://www.maticezasovska.cz/tech-investor-chris-ridd-joins-boardpro-board-urging-startup-founders-to-focus-on-governance/ Former Xero executive and serial tech investor Chris Ridd has joined the BoardPro Card. The New Zealand software start-up, founded in 2015 by Brett Herkt, helps companies improve meeting room productivity and create boards that work better with processes, workflows and improved advice. Herkt, the CEO of startups, developed BoardPro in partnership with leading independent […]]]>

Former Xero executive and serial tech investor Chris Ridd has joined the BoardPro Card.

The New Zealand software start-up, founded in 2015 by Brett Herkt, helps companies improve meeting room productivity and create boards that work better with processes, workflows and improved advice. Herkt, the CEO of startups, developed BoardPro in partnership with leading independent directors and CEOs. He designed it for small and medium businesses, nonprofits, and schools.

Ridd, who sits on several startup boards, said he was “super impressed” with BoardPro and the way it streamlined meetings to get to what was important.

“BoardPro’s smart and beautifully designed software dramatically reduces the administrative burden of managing and preparing for board meetings and all the governance processes that flow from them,” he said.

Its appeal is also to simplify the complexity of corporate governance for the founders of startups.

“When I joined Xero in 2011, one of the first things I did was undertake the foundations of director positions with the Australian Institute of Company Directors. It taught me the importance of corporate governance and made me aware of my obligations as a corporate director, ”said Ridd.

“However, for most people in tech startups, SMEs and indeed the NFP space, AICD and equivalent industry bodies can be expensive and much of the content can be both complex and arid.

“Corporate governance is not everyone’s favorite subject. Discussion on operational frameworks, internal controls, delegation of authority, fiduciary duties. Compliance and risk management aren’t on every entrepreneur’s list when they start a startup. And it can be a mysterious and often intimidating subject for many. “

Ridd compared BoardPro’s solution to how Xero approached the accounting industry, including leading the move to the cloud and developing an ecosystem beyond software.

“One thing that BoardPro has focused on is developing easy to read, understand and apply guidance and templates, all suitable for an audience unfamiliar with corporate governance,” he said. -he declares.

“Most tech startups tend to use consumer apps and email from Microsoft or Google to manage board documents, agendas, minutes, and governance processes. These tools do the job, but after a while you will usually find that the process becomes extremely inefficient.

“As boards only meet several times a year, engage sporadically, and nowadays often remotely, the standard tools make the task of planning, recording, monitoring and administering the board process quite enough. frustrating. “

Ridd said day one governance is often overlooked, but he believes it is absolutely critical to a company’s long-term success.

“It actually allows the founder and / or CEO with advice from the board to focus on innovation, strategy, growth and execution. A good board of directors works in partnership with the founder (s) to create the future. It does so by ensuring a strong framework based on high standards of integrity, transparency and accountability, ”he said.

“Governance from the start is more important than ever and can in fact be a competitive advantage in attracting capital and investors who seek solace from founders who understand and embrace it early on. “


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Good Dye Young Twitter controversy explained as founders apologize http://www.maticezasovska.cz/good-dye-young-twitter-controversy-explained-as-founders-apologize/ Wed, 24 Nov 2021 15:26:45 +0000 http://www.maticezasovska.cz/good-dye-young-twitter-controversy-explained-as-founders-apologize/ The popular hair product brand Good Dye Young recently posted a lengthy apology on Twitter. Let’s take a look at the controversy behind the tweets. The brand is founded by Paramore Hayley Williams pianist and his partner Brian O’Conner. Good Dye Young hair products, especially hair dyes, have been all the rage among Paramore fans […]]]>

The popular hair product brand Good Dye Young recently posted a lengthy apology on Twitter. Let’s take a look at the controversy behind the tweets.

The brand is founded by Paramore Hayley Williams pianist and his partner Brian O’Conner.

Good Dye Young hair products, especially hair dyes, have been all the rage among Paramore fans for some time now. However, the recent controversy on Twitter has become a major setback for the company.

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Good Dye Young’s Twitter Controversy Explained

Some tweets reveal that the controversy is linked to one of the brand’s employees.

The company explained what happened in a Twitter feed writes: “A few days ago, one of our team members made a joke from a personal account on the Brazilian fanbase Paramore regarding the deactivation of GDY’s IG account.”

They went on to say that the “statement was intended as a joke, but rather unintentionally hurt the feelings of many people.”

The person in question has been identified by Twitter users as Becca Sievers, from Nashville, Tennessee, who is the marketing manager for Good Dye Young.

A die tweets explaining the Good Dye Young controversy reveals that it would have started with Becca’s tweet which read: “Now which of the Brazilian stans of Paramore has hacked and deleted GDY’s Instagram.”

Becca’s tweet and social media account appear to have been deleted now. However, many Brazilian fans felt disrespected by the tweet.

Revealing why the employee had become inactive on social media, Good Dye Young wrote: “The apology as well as the team member’s personal account were both taken offline for safety and security reasons after receiving death threats and other disturbing responses.”

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Founders apologize in tweets

Hayley and Brian, who are the founders of Good Dye Young, returned to social media nearly two weeks after the drama was stirred.

Speaking to their fans via tweets, the founders addressed the situation. They claimed that “The time that has passed has been filled with reality checks and red flags that the team and we, the founders, know are essential to the mission of our brand.”

They explained how their fans and their community “felt the opposite of being included and highly valued”.

Responding to Brazilian fans whose feelings had been hurt, Hayley also said: “I know you probably felt indifferent or invisible in this case and for that I am so sorry.”

Long apologies see founders discuss changes they were doing to improve the work culture of their company and establish principles for its employees.

Fans react to the drama

Fans have had a lot to say about the drama over the past few weeks. Here are some notable reactions.

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In other news, why did Disney World suspend annual passes? Fans frustrated by the change



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Ike Gray, founder of Ike and BG’s restaurant has died http://www.maticezasovska.cz/ike-gray-founder-of-ike-and-bgs-restaurant-has-died/ Mon, 22 Nov 2021 22:34:00 +0000 http://www.maticezasovska.cz/ike-gray-founder-of-ike-and-bgs-restaurant-has-died/ Steven Butler, Ike’s son, said in a statement that Gray passed away on Sunday. BUFFALO, NY – Local barbecue and soul food legend and restaurant founder Ike and BG’s passed away on Sunday. Isaac “Ike” Gray passed away peacefully at the ECMC on Sunday night, shared Gray’s son Steven Butler. Here is Butler’s statement to […]]]>

Steven Butler, Ike’s son, said in a statement that Gray passed away on Sunday.

BUFFALO, NY – Local barbecue and soul food legend and restaurant founder Ike and BG’s passed away on Sunday.

Isaac “Ike” Gray passed away peacefully at the ECMC on Sunday night, shared Gray’s son Steven Butler.

Here is Butler’s statement to the public:

“With deep regret and sorrow, we announce the passing of my father and Ike and BG founder Issac” Ike “Gray. Mr. Gray passed away peacefully at Erie County Medical Center on Sunday evening. He was a father, friend and honorable man who loved his family and his community.

Mr. Gray was born on December 12, 1937 in Wetumpka, Alabama. He immigrated to Buffalo in the 1970s and opened the first Ike and BG’s restaurant with his wife Betty “BG” Gray in 1998. They opened the first Ike and BG’s restaurant at 1743 Genesee Street. Three years later, Mr. Gray moved the take-out restaurant to its current location at 1646 Genesee Street.

In 2017, I acquired Ike and BG’s Restaurant to continue my father’s legacy. I did this by making menu changes, advocating for the beautification of the restaurant community, implementing marketing strategies, and opening a second location in downtown Buffalo. Today, the Ike and BG family mourn the passing of Mr. Gray, but we are celebrating his life. In the days leading up to the funeral, we will be displaying a black veil that will be hung in downtown Ike and BG, where my father made his last public appearance to celebrate the ribbon cutting and the groundbreaking 2022 announcement for reconstruction. from our restaurant.

Our doors will remain open for business. We thank you for your patience as our family mourns. Information on funeral arrangements will come soon. “

Butler is the current owner of the restaurant since 2017.


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How the founders of STAX went from debt to $ 30 million in revenue http://www.maticezasovska.cz/how-the-founders-of-stax-went-from-debt-to-30-million-in-revenue/ Sun, 21 Nov 2021 04:59:00 +0000 http://www.maticezasovska.cz/how-the-founders-of-stax-went-from-debt-to-30-million-in-revenue/ What started out as a gym-stocked fitness supplement brand has grown into a multi-million dollar luxury sportswear empire selling affordable staples adored by high-profile celebrities. Co-founder Don Robertson, from Perth, Australia, worked as a receptionist at a gym in 2012 where he sold the protein bars and ‘Muscle Stax’ products – but when the sports […]]]>

What started out as a gym-stocked fitness supplement brand has grown into a multi-million dollar luxury sportswear empire selling affordable staples adored by high-profile celebrities.

Co-founder Don Robertson, from Perth, Australia, worked as a receptionist at a gym in 2012 where he sold the protein bars and ‘Muscle Stax’ products – but when the sports club went bankrupt he had it all. lost.

“We couldn’t get back to the gym and the stock was seized leaving me with $ 80,000 in debt,” the 32-year-old told Daily Mail Australia.

Despite the financial difficulties, STAX. launched in 2015 by Don and his partner Matilda Murray, 29, and generated over $ 30 million in the last fiscal year.

Since then, the company has grown in popularity, gaining the attention of celebrities including actress Jennifer Lopez, singer Rita Ora and singer Lizzo.

Affordable sportswear brand STAX. launched in 2015 from humble beginnings by Don Robertson (left) and Matilda Murray (right)

The company was originally a brand of fitness supplements called

The company was originally a brand of fitness supplements called “Muscle Stax” sold in the gym where Don worked, but when the club went bankrupt he lost “everything”.

STAX. was born out of Don’s mom’s spare bedroom where they packed orders for months before moving to Matilda’s dad and working from the living room.

For the first two years, Don was paralyzed with the fear of failure looming in the back of his mind, but he was determined to succeed.

“It was really tunnel vision and I had to find a way to make it work rather than focusing on the huge sum,” he said.

The couple took “every opportunity” to show off the brand in public spaces by working with local influencers, taking photos outdoors and selling stocks in local markets, all while working full time.

STAX was born out of the spare bedroom of Don's mother's house where they packed orders for months before moving to Matilda's father and working from the living room.

STAX was born out of the spare bedroom of Don’s mother’s house where they packed orders for months before moving to Matilda’s father and working from the living room.

The duo could not afford to hire professional models and donated the products to local influencers to share photos on social media.

“Word of mouth travels quickly in Perth and we have taken a modest approach of making one sale rather than selling an entire collection,” said Matilda.

Don, who designs the pieces, said Matilda joined the brand at the “perfect time” and adds a feminine touch to the business.

Seeking a new opportunity to further develop the brand, the duo moved to Sydney in February 2019 and started operating from their small rented apartment.

“We were a few kids from Perth who had no idea what we were doing and saw Sydney as a place where ‘everything happens’,” Matilda said with a laugh.

Seeking a new opportunity to further develop the brand, the duo moved to Sydney in February 2019 and started operating from their small rented apartment.

Seeking a new opportunity to further develop the brand, the duo moved to Sydney in February 2019 and started operating from their small rented apartment.

In the past two years, as the brand has grown to attract an international audience, it has moved to larger warehouses and offices four times.

“We wanted to work full time for as long as possible and in 2019 we were supported by Matilda’s salary,” Don said.

Mathilde worked from home in STAX. warehouse and would help Don prepare his orders during his lunch break.

“We were still having our best months so we ordered the last collection in bulk – but then Covid hit,” Don said.

The couple lost all communication with their supplier and the latest seamless premium version of collection two was lost at sea.

“We didn’t know when or if the stock would arrive,” Don said, Matilda added: “There was nothing we could do, we just had to hope and pray that it would arrive.”

In the past two years, as the brand has grown to attract an international audience, it has moved to larger warehouses and offices four times.

In the past two years, as the brand has grown to attract an international audience, it has moved to larger warehouses and offices four times.

The premium seamless version two line sent the brand viral online and included tights, crop tops and shorts.  Once launched, the collection sold out in 60 seconds

The premium seamless version two line sent the brand viral online and included tights, crop tops and shorts. Once launched, the collection sold out in 60 seconds

Eight weeks later, to their surprise, the cargo full of the new stock arrived on the Sydney shores, which became their “breakthrough” collection.

“Due to Covid, we couldn’t hire professionals, so Matilda modeled the new line and I took the photos,” Don said.

The premium seamless version two line sent the brand viral online and included tights, crop tops and shorts.

Once launched, the collection sold out in 60 seconds.

Due to “crazy demand”, the brand implemented a pre-sale model where customers could purchase products that were out of stock.

“People were willing to wait eight weeks to get their hands on the latest products,” said Matilda.

During the last 18 months STAX.  has experienced

During the last 18 months STAX. has experienced “huge” growth, attracting the attention of Hollywood celebrities in the United States

During the last 18 months STAX. has experienced “huge” growth, attracting the attention of Hollywood celebrities in the United States.

They now have over 40 employees to keep up with demand – a significant difference from the small team of four 12 months ago.

“Passion and core value have always been fashion driven – we offer luxury designer pieces at an affordable price,” said Don.

Luxury pieces are designed in-house and sizes range from four to 26, providing inclusion to a wide range of body types.

“Passion and core value have always been fashion driven – we offer luxury designer pieces at an affordable price,” Don said.

Earlier this month STAX.  On Friday November 12, they released their latest 'premium seamless version five' (PSV5) collection, which includes the 'lounge mini shorts' priced at $ 49.95 (pictured) - earning $ 350,000 in 20 minutes

In a previous presale, the brand won $ 200,000 before the official launch of the latest collection

Earlier this month STAX. On Friday November 12th, they released their latest collection “premium transparent version five” (PSV5) which includes the “mini lounge shorts” for $ 49.95 (pictured) – earning $ 350,000 in 20 minutes

Earlier this month STAX. On Friday, November 12, they released their latest “premium seamless version five” (PSV5) collection, which includes the “lounge mini shorts” for $ 49.95 – earning $ 350,000 in 20 minutes.

The shorts are available in six different colors – black, sage, blue, brown, beige and dark gray – and would be perfect for lounging around the house.

In a previous presale, the brand won $ 200,000 before the official launch of the latest collection.

“The pre-sale was not taken into account – no one was aware of it and was only available to VIPs and those watching the live stream from the track for our launch party last Friday night,” Matilda said.

“It was open for 25 minutes and totaled $ 200,000 – we took a chance as we had never done a surprise presale before, and it was very well received!”

Made from a blend of nylon and spandex, the shorts would be comfortable to wear all day while providing a flattering look.


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Government concludes trial of Theranos founder Elizabeth Holmes http://www.maticezasovska.cz/government-concludes-trial-of-theranos-founder-elizabeth-holmes/ Fri, 19 Nov 2021 18:09:48 +0000 http://www.maticezasovska.cz/government-concludes-trial-of-theranos-founder-elizabeth-holmes/ Elizabeth Holmes, Founder and Former CEO of Blood Testing and Life Sciences Company Theranos, arrives for the first day of jury selection in her fraud trial, in Federal Court in San Jose, Calif., August 31, 2021 . Nick Otto | AFP | Getty Images SAN JOSE, CALIF. – On Friday, the prosecution closed its case […]]]>

Elizabeth Holmes, Founder and Former CEO of Blood Testing and Life Sciences Company Theranos, arrives for the first day of jury selection in her fraud trial, in Federal Court in San Jose, Calif., August 31, 2021 .

Nick Otto | AFP | Getty Images

SAN JOSE, CALIF. – On Friday, the prosecution closed its case against former Theranos CEO Elizabeth Holmes in her criminal fraud trial after calling 29 witnesses in 11 weeks.

Former lab directors have taken a stand, as has former Defense Secretary James Mattis, who was a member of Theranos’ board of directors. Jurors also heard testimony from patients, doctors, investors and business partners.

The last government witness on Thursday was journalist Roger Parloff, who wrote Fortune magazine 2014 cover story, “This CEO is for blood,” profiling Holmes. Prosecutors claimed the founder of Theranos used the article to seduce investors, who crowded into the blood testing company, ultimately valuing it at $ 9 billion.

Holmes, 37, has pleaded not guilty to 11 counts of wire fraud and conspiracy to commit wire fraud. One of the charges relating to a patient was dropped on Friday. The Stanford University dropout and former Silicon Valley prodigy could spend up to two decades in prison if convicted. She denied any wrongdoing.

Now that the government has rested, attention has shifted to Holmes’ defense, which must begin immediately. Jurors heard Holmes’ voice on multiple occasions, including Thursday, as the conversations were broadcast aloud from Parloff’s tapes.

But they have yet to hear directly from Holmes, and the central question now is whether they will ever do so.

“He is a very risky person to be testified,” said Danny cevallos, an NBC News legal analyst who is monitoring the case. “Yes, she is very intelligent. But there is a lot of evidence against her that she can be cross-examined on this subject for which she is unlikely to have a correct answer.”

Holmes was considered the undisputed leader of Theranos from the company’s inception in 2003 until its bankruptcy 15 years later. However, in documents released before the trial began, the defense blamed Holmes’ ex-boyfriend and former business partner, Ramesh “Sunny” Balwani, for a decade of abuse and control over her.

Sunny Balwani, former president and chief operating officer of Theranos Inc., leaves federal court in San Jose, Calif., October 2, 2019.

Michael Court | Bloomberg | Getty Images

Defense attorneys continued this line of attack during cross-examination of witnesses, saying Holmes blindly trusted Balwani and over-trusted the directors of his lab.

Cevallos said the defense faced the challenge of showing Holmes was not always responsible and that she had not intentionally misled investors and patients.

“The defense has to face some really undisputed facts that Holmes was the boss and this technology didn’t work,” Cevallos said. “It’s a hard sell. The government has e-mails, texts and all kinds of documents. The government has shown that the blame ends with Elizabeth Holmes. The defense will try to show it did. that some things, but not all. “

Balwani has also been criminally indicted for fraud and will be on trial at a later date.

A deputy U.S. prosecutor said Thursday evening, after jurors left the courtroom, that if the defense began its case on Friday, it would likely call “a paralegal from the law firm Williams & Connolly, who will serve as a witness to the stand. summary witness. “

“A liar and a cheater”

Over the past 11 weeks, prosecutors have described Holmes as a manipulative fraudster who has tricked patients and investors into making false claims about her company’s technology, which she says could perform a battery of needle-stick blood tests. on your finger.

Robert Leach, a deputy US attorney, has repeatedly called Holmes a “liar and cheater”, first in his opening statements, and then through firsthand testimony.

The most prominent witness was Mattis, who told jurors in September that as a member of Theranos’ board of directors he had been misinformed about the capabilities of the company’s technology.

“Looking back, I am disappointed with Mrs Holmes’ level of transparency,” said Mattis, adding that “we were deprived of fundamental issues”. The retired four-star general said he invested $ 85,000 of his own money in the start-up.

There “came a time when I didn’t know what to believe about Theranos,” he said.

Pedestrians walk past a Walgreens store in San Francisco, California.

Justin Sullivan | Getty Images

There were plenty of opportunities for Holmes to listen to his underlings, who continually raised concerns. But prosecutors have hammered home the idea that Holmes’ “pretend until you do” strategy is costing lives.

Former lab director Adam Rosendorff, whose testimony lasted six days, told jurors Holmes and Balwani ignored his repeated warnings that the technology just wasn’t working. Instead, he said executives prioritize the company’s finances and public image over patient health.

Kingshuk Das, the company’s last lab director, said he also warned Holmes the technology was unreliable. Das said he canceled 50,000 to 60,000 tests performed using Theranos’ Edison blood test machine and told Holmes it “didn’t work from the start”.

Rosendorff and Das both said Holmes dismissed their concerns.

From billionaire to nothing

Holmes was previously named by Forbes as America’s richest self-taught woman, with an estimated net worth of $ 4.5 billion in 2015. The following year, following a series of articles in the Wall Street Journal exposing gaps and misleading claims by Theranos, Forbes lowered The value of Holmes to “nothing”.

By this point, the company had raised more than $ 940 million from investors.

Jurors heard from a handful of these wealthy backers, who said they invested in the business on the basis of Holmes’ lofty promises. Witnesses included a family representative of former Education Secretary Betsy DeVos. Bryan Tolbert, whose company invested $ 5 million, and Alan Eisenman, an investor from Texas, also testified.

Finally came Brian Grossman, whose company, PFM Health Sciences, has invested $ 96 million in Theranos. Grossman said he was deceived by Holmes even though he had done due diligence on the business and even had blood drawn at a Walgreens.

Grossman told jurors that Theranos claimed the technology had been validated by major pharmaceutical companies and the Department of Defense, which used it on the battlefield and in medevac helicopters.

“What better application for technology like this than in a military environment in harsh conditions as one would expect in a place like Afghanistan or Iraq? Grossman said. Theranos said he had “something over $ 200 million in Defense Department revenue,” he added.

None of this was true.

On the contrary, despite Holmes’ optimistic financial projections, the company was bleeding hundreds of millions of dollars, according to the testimony of former CFO San Ho Spivey, also known as Danise Yam. By 2015, Theranos had lost more than $ 585 million, Yam told jurors.

Prosecutors also pointed to a document given to investors that forecast 2014 revenues of $ 140 million and 2015 of $ 990 million. Yam said she didn’t prepare the document.

The jury heard additional testimony from three patients. Each of the alarming stories detailed about receiving inaccurate results after taking a Theranos test.

Erin Tompkins, one of those patients, said she panicked when her results showed she had tested positive for HIV antibodies. The test was wrong.

“I was pretty emotional at the time,” Tompkins said.

LOOK: Elizabeth Holmes trial testimony tapes


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Best Buy Billionaire Founder “Feels Really Good During Holiday Season” Despite Rising Inflation http://www.maticezasovska.cz/best-buy-billionaire-founder-feels-really-good-during-holiday-season-despite-rising-inflation/ Wed, 17 Nov 2021 21:37:58 +0000 http://www.maticezasovska.cz/best-buy-billionaire-founder-feels-really-good-during-holiday-season-despite-rising-inflation/ Best Buy founder Richard Schulze says “serious or serious shortages” of products at the retailer are not expected due to supply chain disruptions. Best Buy founder Richard Schulze said Wednesday he “is feeling really good about the holiday season” despite rising inflation. Schulze acknowledged there would be “one-off blackouts” but told “Cavuto: Coast to Coast” […]]]>

Best Buy founder Richard Schulze said Wednesday he “is feeling really good about the holiday season” despite rising inflation.

Schulze acknowledged there would be “one-off blackouts” but told “Cavuto: Coast to Coast” he remained optimistic about the holiday shopping season, noting that he believed customers would stay “in. good health, strong and tolerant “next year.

He also said that Best Buy does not “expect serious or serious shortages” of products due to supply chain disruptions, which has made it more difficult for consumers to find certain items in stores at. across the country.

In October, consumers saw more than 2 billion out-of-stock messages online, according to Adobe, who noted that electronics currently have the highest out-of-stock levels, followed by jewelry, clothing, home and garden, and pet products.

Schulze told host Neil Cavuto that Best Buy has positioned itself to make sure products are available on store shelves by planning ahead and “recognizing that we have to get ahead.”

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BBY BEST PURCHASE CO., INC. 132.86 -2.07 -1.53%

He noted that he had been in contact with senior management who “clearly care about our ability to be in stock during these peak seasons.”

Schulze acknowledged, however, that a few high-demand items, including Apple products, games, and home appliances, could be a bit difficult to find given the current economic climate.

Regarding Best Buy, Schulze said based on everything he’s heard, that items will mostly be in stock and prices will be “as they always have been” even in an inflationary environment.

“Best Buy is a value-driven business and our feeling here is that inflation is not something that we think will affect our products for our customers,” he told Cavuto.

INFLATION WILL LIKELY BECOME WORSE BEFORE IT STARTS TO IMPROVE, GOLDMAN WARNS

Last week, it was revealed that consumer prices in the United States were accelerating at the fastest annual rate in more than 30 years as supply chain bottlenecks and material shortages persisted and gasoline prices skyrocketed.

The consumer price index climbed 6.2% year over year in October, the Ministry of Labor said. The increase marked the largest annual gain since November 1990. Prices were up 0.9% month over month.

Analysts polled by Refinitiv expected prices to rise 0.6% in October and 5.8% annually.

The price of appliances climbed 6.6% in October compared with the same period last year, according to the Ministry of Labor, and the price of information technology products rose 3.1% year-on-year, computers, peripherals and smart home assistants were up 8.4% from October 2020. Televisions have grown significantly. 10.4% in October compared to the same period last year, according to the Ministry of Labor.

Schulze argued that despite inflationary pressures, he sees “little or no reluctance on the part of the consumer to buy the products” he wants and needs.

“I think consumers are always looking for the next flagship and / or the update, the upgrade, whether it’s TVs, computers, home appliances,” he said. he added.

Schulze went on to point out that consumers for the most part have always aspired to own the latest technologies and models, noting that “we are not seeing a slowdown”.

“Our stores are busy. Our online sales are busy,” Schulze continued. “I have to say that we are feeling really good for the holiday season ahead.”

Schulze provided the information a day after it was revealed that consumer spending picked up steam in October as shoppers kicked off the holiday shopping season earlier than usual due to bottlenecks in October. the supply chain.

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Retail sales, a measure of spending in restaurants, stores and online, rose 1.7% last month, according to the Commerce Department. Analysts polled by Refinitiv had expected a 1.4% increase. The reading was 16.3% above levels of a year ago.

The country’s largest retail group predicted last month that holiday sales could “break previous records” even as the economy faces a series of headwinds, including supply chain disruptions , inflationary pressures and widespread labor shortages.

Last month, the National Retail Federation (NRF) estimated spending could increase by up to 10.5% from 2020 during the holiday shopping season, with total sales reaching between $ 843.4 billion and $ 859 billion. dollars. By comparison, sales rose 8.2% to $ 777.3 billion last year.

On Tuesday, it was also revealed that U.S. consumer confidence plunged to its lowest level in 10 years in November, reflecting increased concerns among Americans about higher-than-expected inflation and rising prices for consumer staples.

The University of Michigan consumer confidence index fell to 66.8 in November, down sharply from the October reading of 71.7 and well below economists’ forecast for a reading of 72 , 4.

The survey showed that one in four consumers have reduced their standard of living due to rising prices, and more than half of families expect their real income to decline in the coming year after adjusting for inflation.

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Megen Henney, Daniella Genovese and Jonathan Garber of FOX Business contributed to this report.


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