WTO e-commerce #digitaltrade consolidated draft leaked by @bilaterals_org Some interesting things (1/n)
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🚨 192% Growth SPAC 🚨
💸 Katapult provides leasing solution for e-commerce websites
🔥 It enables non-prime customers to lease durable goods online
🚩ALL founders left and $CURO owns 50% of Katapult
⁉️ What is hidden behind the $FSRV SPAC ⁉️
Here is an EASY thread 👇
Katapult was founded in 2012 and was initially called Zibby and operated by Cognical
💸 By 2015, it had raised $ 10m in equity and debt from VC funds such as Tribeca Venture Partners and Blumberg
Cognical was founded by 👇
Brandon Wright - a Cornell MBA who later founded @payfully
Ashutosh Saxena - a PhD in AI from Stanford (awards: https://t.co/YfViWWXqru)
Chinedu Eleanya - a serial entrepreneur who later founded @GetMulberry which sells extended warranty to shoppers
Zibby was a “Lease-To-Own” service designed for durable goods & products (furniture, appliances, electronics)
1️⃣ When customers purchase an item online, Zibby retains the rights to this item
2️⃣ Zibby rents the item to the customer
3️⃣ The customer can decide to purchase the full ownership rights of the item at any time
This model proved successful and Zibby was incubated by Cornell
💸 Katapult provides leasing solution for e-commerce websites
🔥 It enables non-prime customers to lease durable goods online
🚩ALL founders left and $CURO owns 50% of Katapult
⁉️ What is hidden behind the $FSRV SPAC ⁉️
Here is an EASY thread 👇
Katapult was founded in 2012 and was initially called Zibby and operated by Cognical
💸 By 2015, it had raised $ 10m in equity and debt from VC funds such as Tribeca Venture Partners and Blumberg
Cognical was founded by 👇
Brandon Wright - a Cornell MBA who later founded @payfully
Ashutosh Saxena - a PhD in AI from Stanford (awards: https://t.co/YfViWWXqru)
Chinedu Eleanya - a serial entrepreneur who later founded @GetMulberry which sells extended warranty to shoppers
Zibby was a “Lease-To-Own” service designed for durable goods & products (furniture, appliances, electronics)
1️⃣ When customers purchase an item online, Zibby retains the rights to this item
2️⃣ Zibby rents the item to the customer
3️⃣ The customer can decide to purchase the full ownership rights of the item at any time
This model proved successful and Zibby was incubated by Cornell
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Great article from @AsheSchow. I lived thru the 'Satanic Panic' of the 1980's/early 1990's asking myself "Has eveyrbody lost their GODDAMN MINDS?!"
The 3 big things that made the 1980's/early 1990's surreal for me.
1) Satanic Panic - satanism in the day cares ahhhh!
2) "Repressed memory" syndrome
3) Facilitated Communication [FC]
All 3 led to massive abuse.
"Therapists" -and I use the term to describe these quacks loosely - would hypnotize people & convince they they were 'reliving' past memories of Mom & Dad killing babies in Satanic rituals in the basement while they were growing up.
Other 'therapists' would badger kids until they invented stories about watching alligators eat babies dropped into a lake from a hot air balloon. Kids would deny anything happened for hours until the therapist 'broke through' and 'found' the 'truth'.
FC was a movement that started with the claim severely handicapped individuals were able to 'type' legible sentences & communicate if a 'helper' guided their hands over a keyboard.
For three years I have wanted to write an article on moral panics. I have collected anecdotes and similarities between today\u2019s moral panic and those of the past - particularly the Satanic Panic of the 80s.
— Ashe Schow (@AsheSchow) September 29, 2018
This is my finished product: https://t.co/otcM1uuUDk
The 3 big things that made the 1980's/early 1990's surreal for me.
1) Satanic Panic - satanism in the day cares ahhhh!
2) "Repressed memory" syndrome
3) Facilitated Communication [FC]
All 3 led to massive abuse.
"Therapists" -and I use the term to describe these quacks loosely - would hypnotize people & convince they they were 'reliving' past memories of Mom & Dad killing babies in Satanic rituals in the basement while they were growing up.
Other 'therapists' would badger kids until they invented stories about watching alligators eat babies dropped into a lake from a hot air balloon. Kids would deny anything happened for hours until the therapist 'broke through' and 'found' the 'truth'.
FC was a movement that started with the claim severely handicapped individuals were able to 'type' legible sentences & communicate if a 'helper' guided their hands over a keyboard.
BREAKING: @CommonsCMS @DamianCollins just released previously sealed #Six4Three @Facebook documents:
Some random interesting tidbits:
1) Zuck approves shutting down platform API access for Twitter's when Vine is released #competition
2) Facebook engineered ways to access user's call history w/o alerting users:
Team considered access to call history considered 'high PR risk' but 'growth team will charge ahead'. @Facebook created upgrade path to access data w/o subjecting users to Android permissions dialogue.
3) The above also confirms @kashhill and other's suspicion that call history was used to improve PYMK (People You May Know) suggestions and newsfeed rankings.
4) Docs also shed more light into @dseetharaman's story on @Facebook monitoring users' @Onavo VPN activity to determine what competitors to mimic or acquire in 2013.
https://t.co/PwiRIL3v9x
Some random interesting tidbits:
1) Zuck approves shutting down platform API access for Twitter's when Vine is released #competition
2) Facebook engineered ways to access user's call history w/o alerting users:
Team considered access to call history considered 'high PR risk' but 'growth team will charge ahead'. @Facebook created upgrade path to access data w/o subjecting users to Android permissions dialogue.
3) The above also confirms @kashhill and other's suspicion that call history was used to improve PYMK (People You May Know) suggestions and newsfeed rankings.
4) Docs also shed more light into @dseetharaman's story on @Facebook monitoring users' @Onavo VPN activity to determine what competitors to mimic or acquire in 2013.
https://t.co/PwiRIL3v9x