The majority of the world’s instant ramen is made by three companies—Nissin and Toyo Suisan from Japan; and Lotte Foods from South Korea—which have enormous factories that churn out millions of packages per month. Lee and Chanthasiriphan reached out to some of these factories to leverage their scale, but they were turned down because the owners didn’t believe there was a market for healthy ramen. “Ramen is so cheap that companies only make money by selling in volume,” Chanthasiriphan says. “Our business model didn’t make any sense to the factories.” … [Read more...] about This startup wants to do the impossible: make healthy instant ramen
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IRS stimulus checks: Painfully slow mailed-out payments frustrate many Americans
“As a vital part of the nation’s critical infrastructure, the Postal Service is helping the U.S. Department of the Treasury provide important Economic Impact Payment letters, checks, and debit cards to American households,” spokesperson Kim Frum told Fast Company. She confirmed that the payments are being sent first class and “handled at that service standard.” … [Read more...] about IRS stimulus checks: Painfully slow mailed-out payments frustrate many Americans
Too little, too late: The cynical calculus of banning Donald Trump
The Trump circus has been a godsend for Facebook and Twitter. Both are public companies that make the bulk of their money from advertising. The more eyeballs on their platforms, the more advertisers will pay. That’s it. And because Trump has been so controversial, so dramatic, so engaging all of the time, he’s driven more eyeballs and hate-clicks to their platforms than they’d ever dreamed. Trump was good for their business. Twitter lost $5 billion in market value after suspending him. … [Read more...] about Too little, too late: The cynical calculus of banning Donald Trump
My company has gone through 3 growth cycles in 18 months. Here’s how I navigated them
It will take a few months. This is the hardest step for me. After a setback I am always tempted to step back into the work and try to problem solve. However, if the goals are clear and we have the right people in the right seats, then they will figure it out. I’m still working on this one for our new channels. (Check back with me in a few months!) I do have faith that we have the right structure in place to capture market share come January, when healthy eating becomes top of mind and the cold weather makes delivery especially attractive. … [Read more...] about My company has gone through 3 growth cycles in 18 months. Here’s how I navigated them
The Capitol riot is spurring new interest in gun-detection AI
A new round of debate over surveillance technology broke out after the riot at the U.S. Capitol on January 6. As some oberservers wisely pointed out, such events make it tempting to loosen restrictions on surveillance technologies such as facial recognition in the name of safety, but yielding to those temptations could lead to a rapid erosion of privacy and civil liberties. The Patriot Act Congress adopted after 9/11 (and the mass surveillance programs that followed) is a notable example. … [Read more...] about The Capitol riot is spurring new interest in gun-detection AI
