Went to make coffee. Opened fridge to get milk. Now...I was a refrigeration engineer, I had my own domestic appliance business, and I've seen things that would make your hair curl, but...the scene I was greeted by was frankly fucking horrific... 1/?
It must have been quite chilly beavering (literally) away in the there, so , the little fuckers, not being blessed with opposable thumbs that would enable them to turn the fridge off at the stat, came up with a plan...9/?
More from Business
🚨 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
There are so many #HotTakes on the future of news and tech and digital this week. Now nearly half a year distant (and what a year - 2020, ugh!) from CEO and board @mcclatchy, I'd like to add a few thoughts: 1/
As @jbenton said in @NiemanReports : @mcclatchy transformation shows it STILL is possible NOW 'to be operationally profitable while still doing good journalism.' Not easy; Covid made it harder. But POSSIBLE and DONE by the great team in 2020 @mcclatchy. 2/
As @jbenton wrote: the #DIGITALTRANSFORMATION @mcclatchy 'shows a company that has managed the digital transition better than most; at last public count, it was making nearly half its ad revenue in digital and digital subscriptions were up 45% year-over-year.' Such focus 3/
On the future is digital is the SOLE way the still-powerful brands of local news and information will be able to have a business in the inevitable 'printless' future (Not today, not tomorrow, but printless someday) 4/
And the crisis in local news is relentless, unabating and by most measures WORSENING. More titles going dark; huge losses to our communities, because solely a blend of new digital startups AND existing footprint offer the scale 5/
I'm glad to see @jbenton's excellent analysis shows what a good job McClatchy CEO @cforman has actually been doing. The fault for bankruptcy goes *way* back to prior regimes piling up unmanageable debt. He rescued the company. 1/https://t.co/EEbxWXBNvW
— Jeff Jarvis (@jeffjarvis) July 16, 2020
As @jbenton said in @NiemanReports : @mcclatchy transformation shows it STILL is possible NOW 'to be operationally profitable while still doing good journalism.' Not easy; Covid made it harder. But POSSIBLE and DONE by the great team in 2020 @mcclatchy. 2/
As @jbenton wrote: the #DIGITALTRANSFORMATION @mcclatchy 'shows a company that has managed the digital transition better than most; at last public count, it was making nearly half its ad revenue in digital and digital subscriptions were up 45% year-over-year.' Such focus 3/
On the future is digital is the SOLE way the still-powerful brands of local news and information will be able to have a business in the inevitable 'printless' future (Not today, not tomorrow, but printless someday) 4/
And the crisis in local news is relentless, unabating and by most measures WORSENING. More titles going dark; huge losses to our communities, because solely a blend of new digital startups AND existing footprint offer the scale 5/