1/An interesting thing happened tonight. I was scrolling through clubhouse and found WileyCEO, Godfather of Grime (kicked off Twitter in July for antisemitic tweets) speaking. So I tweeted this (and included a screen shot, later deleted as I found out TOS don't allow it ...
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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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fascinated by this man, mario cortellucci, and his outsized influence on ontario and GTA politics. cortellucci, who lives in vaughan and ran as a far-right candidate for the italian senate back in 2018 - is a major ford donor...
his name might sound familiar because the new cortellucci vaughan hospital at mackenzie health, the one doug ford has been touting lately as a covid-centric facility, is named after him and his family
but his name also pops up in a LOT of other ford projects. for instance - he controls the long term lease on big parts of toronto's portlands... where doug ford once proposed building an nfl stadium and monorail... https://t.co/weOMJ51bVF
cortellucci, who is a developer, also owns a large chunk of the greenbelt. doug ford's desire to develop the greenbelt has been
and late last year he rolled back the mandate of conservation authorities there, prompting the resignations of several members of the greenbelt advisory
his name might sound familiar because the new cortellucci vaughan hospital at mackenzie health, the one doug ford has been touting lately as a covid-centric facility, is named after him and his family
but his name also pops up in a LOT of other ford projects. for instance - he controls the long term lease on big parts of toronto's portlands... where doug ford once proposed building an nfl stadium and monorail... https://t.co/weOMJ51bVF
cortellucci, who is a developer, also owns a large chunk of the greenbelt. doug ford's desire to develop the greenbelt has been
and late last year he rolled back the mandate of conservation authorities there, prompting the resignations of several members of the greenbelt advisory