After receiving state approval for the essential task of mask-making, Darcy brought back workers to Buttonsmith’s facility, which she had already set up for distancing, and had PPP money approved. “The program fits us very well, but like everyone, we would like more clarity,” she says. She’s still waiting on the EIDL funds, as are most other applicants nationwide.Floating payments to partners and suppliers has been tough without the EIDL help, and banks won’t provide the firm with typical lines of credit at the moment. “We give off a big partial payment to the teams we’re working with on the masks at the point we place the order, so they can afford to buy materials and pay their people,” Darcy says. So far, Buttonsmith is managing it with funds it had on hand for expansion. … [Read more...] about A 17-year-old’s business made millions on Amazon. Now it’s pivoting to masks
KT: Working on building our company art selection. That’s really cool. In our Denver office right now we’re getting ready to open, we’re doing all art from homeless and disabled artists. That has been a joy of mine. Our CEO loves art, so building our corporate art program has been a huge cultural thing that’s been really fun. I’d love to do pride, LGBTQ, Hispanic Heritage Month. We’ll start to do that as well. … [Read more...] about Slack’s head of workplace design thinks open floor plans “suuuck”
I just got a Slack message from my editor that the 2015 Slack password breach is back in the news. The real question is: Was that really my editor or just someone who breached his password in 2015 and is masquerading as him? There was a winky emoji, so it was most likely him. … [Read more...] about Slack is finally resetting passwords 4 years after a big data breach
Both companies offer on-demand service that’s about $15 for a full day during their working hours and $10 or $15 for overnight parking. Monthly unlimited service is $300 at both firms. Prices vary by city, while Luxe sometimes engages in peak pricing when demand is tight during major events. Zirx announced on July 6 that after months of analysis, it’s rejected surge pricing in favor of variable pricing based on time of day and location. Its two examples are dropping a car off at 9 a.m. in a less-busy part of San Francisco for $12 for the remainder of the day versus $18 near the San Francisco Giants ballpark. … [Read more...] about The App Economy’s Newest Challenge: Making Parking Less Painful
Of the total 12 cases that were directed to the Insolvency and Bankruptcy Court by the Reserve Bank of India (RBI) in 2017, a resolution has been arrived at in six cases while liquidation orders were passed against two companies. In two companies, resolution has happened but banks have not received payment. Beside, in the case of another company, the resolution plan failed and hence the process has been restarted, a report by CARE rating agency said. … [Read more...] about What does the IBC data tell us about the state of Indian economy?