I can’t remember a time when sleep came easy for me. As a child, my mom knew I struggled with sleep but didn’t know why. We were a poor Black family in the ghetto. Medicaid didn’t pay for doctors to dissect the sleep struggles of poor Black boys in the hood. So, my mom did the best she could to solve the problem that wouldn’t go away. She found a super bright Bugs Bunny night light. Her mission was to protect me the best she knew how from whatever monsters haunted my nights. Little did she know the monster was real. Had she known, things would have been different, better possibly. And in telling my story, I hope others will find the strength to share their own stories and call out their own injuries. There is a term used by medical professionals called the mechanism of injury. By identifying the mechanism of injury, medical professionals can look beyond the immediate symptoms and pinpoint the precise action that caused the injury to the patient. For me, the mechanism of … [Read more...] about Opinion: A woman sexually abused me as a child. Here’s why I’m talking about it now.
- A + A KUALA LUMPUR (Sept 30): Sarawak Cable Bhd's external auditor has expressed a disclaimer of opinion on the cable and wire producer’s audited financial statements for the 17-month period ended May 31, 2022 (FY22). Ernst and Young PLT (EY), in its report, said it had not been able to obtain sufficient appropriate audit evidence to provide a basis for an audit opinion on the financial statements. The independent auditor's report, reproduced by Sarawak Cable in a filing with Bursa Malaysia, said EY was awaiting the group's directors to finalise a proposed regulation plan after financial institutions had suspended the group’s credit facilities. EY said it was notified on Sept 22 that Sarawak Cable and six of its subsidiaries intended to apply to the High Court for leave to convene a meeting with their creditors and to apply for a restraining order to restrain legal suits, winding up petitions and enforcement proceedings against the group and subsidiaries. The … [Read more...] about Sarawak Cable triggers PN17 criteria as auditor issues disclaimer of opinion on FY22 financials
OMBUDSMAN OFFICE’S BUDGET: Ombudsman Samuel Martires attends the Finance Subcommittee A deliberations on the proposed budget of the Office of the Ombudsman Tuesday, September 27, 2022 and answered queries from senators on the status of its budget in fighting corruption. (Bibo Nueva España /Senate PRIB) MANILA, Philippines — Corruption exists within the Office of the Ombudsman, its top official Samuel Martires himself admitted on Tuesday. Surprisingly, he made the revelation when asked by Senate Minority Leader Aquilino Pimentel III if the Office of the Ombudsman’s P4.781 billion 2023 budget was adequate to cover the expenses for its activities during a hearing before the Senate committee on finance. For Martires, the fight against corruption is not easy, no matter how many billions are spent. “Sa pananaw ko, supisyente ‘yung pondo ng Ombudsman. Pero kung sa paglaban ng korapsyon ay hindi talaga kakayanin kahit bigyan niyo kami ng P100 bilyon ay hindi namin kakayanan labanan … [Read more...] about Martires admits corruption exists within Office of Ombudsman, laments helplessness
Ashutosh Sharma, Head of Investment for India, Prosus Ventures Prosus Ventures, an investor in some of India's prominent consumer tech unicorns such as Swiggy, Meesho, PharmEasy and Byju's , is now seeking deals in the business-to-business (B2B) and software as a service (SaaS) space as well, a top executive said, signifying a shift in strategy. B2B and SaaS firms spend lesser money and generate revenues early on, factors that could be playing on Prosus' (previously Naspers) mind as caution kicks in after a year of excess in India's startup ecosystem. The global technology investment firm has also started participating in early-stage funding, although it insists that cheque sizes of $50–60 million and above remain its sweet spot. In an interview with Moneycontrol , Ashutosh Sharma, Prosus Ventures’ Head of Investments for India, talks about corrections in start-up valuations, the business models of its portfolio firms Meesho and PharmEasy and its investment strategy. … [Read more...] about We’re late to the SaaS party, but we’ll continue to make more investments there: Prosus Ventures’ India Head
The flurry of private market investments over the last two years that led to a mismatch in valuations of high-growth technology companies compelled Nandan Nilekani's Fundamentum Partnership to stay away from any new investment in 2021 as the firm couldn't find companies where it thought it would be able to generate returns, according to top officials at the venture capital (VC) firm. In 2021, the deal velocity was significantly higher and the time taken for due diligence was ‘far shorter,’ which led to the VC going slow on its investments, said Ashish Kumar and Sanjeev Aggarwal, co-founders and general partners at Fundamentum Partnership, in an interview with Moneycontrol. Fundamentum recently raised its second fund of $227 million to invest in growth-stage and early-stage startups in India and according to Aggarwal and Kumar, the company plans to deploy the entire fund in about 36-40 months or three-and-a-half years as compared to its first fund of $100 million which was … [Read more...] about Tiger Global coming at early-stage investing is good for us: Fundamentum’s Sanjeev Aggarwal and Ashish Kumar
Representatative image Driven by smartphone sales, e-commerce platforms like Amazon, Flipkart, and others have recorded cumulative sales worth Rs 24,500 crore ($3.5 billion) in the first four days of the festive season, growing 30 percent over the same period last year, according to management consulting firm Redseer. “Much like last year, around 47 percent (around Rs 11,000 crore) of the gross merchandise value (GMV) is on account of phone sales as customers wait for the festive season deals to make the purchase,” said Ujjwal Chaudry, Partner at Redseer. With the spending on phones having gone up by 20 percent in the first four days of the festive season, compared to the corresponding period last year, the company estimated that around 1 crore phones will be sold by the end of this week. This rush to buy phones is being driven by offers on Apple iPhone 12, Apple iPhone 13, and OnePlus phones even as mobile phone sales saw a 10X jump during the period compared to business … [Read more...] about Smartphone bonanza drives e-commerce sales to Rs 24,500 crore in festive week: Redseer
If America had the PayPal mafia, where a group of former employees and founders went on to start successful technology companies, India in the last decade has seen entrepreneurs mushroom from companies such as Flipkart, Paytm, Zoho, and Freshworks, among others. But the old economy is not far behind in minting first-generation entrepreneurs. In fact, a growing list of founders is emerging from ITC, a diversified conglomerate whose interests range from FMCG to hotels to software to agri businesses. And if there is a common thread that binds the ITC mafia, it is Sanjiv Rangrass. Rangrass spent 40 years at ITC, where he joined as a trainee and became the chief executive officer (CEO) of the company’s agri-business unit before retiring as its group head for R&D (research and development), sustainability and projects in June this year. He is also an active investor and mentor, with an envious track record of making investments in unicorns such as Zetwerk, OfBusiness and … [Read more...] about Meet Sanjiv Rangrass, the investor behind the ITC mafia in India’s startup ecosystem
Share to Twitter Share to Linkedin If I googled your name, what would I find? A few old pictures and a dormant Twitter account, a fully-fledged portrayal of you as a person and professional, or something in between? Perhaps you’d be absent from the internet all together. But which is best? If you’re trying to build an impressive company, should you be active and present or does it make no difference? Mike Winnet has an opinion. In 2017 he sold his business, Learning Heroes, for $11million and now shares insights about sales and marketing on his Contrepreneur YouTube channel (with 90,000 subscribers) and in his Views Are My Own membership community of 6000 members. Within the community, Winnet and members explore topics such as building personal brands, whether paid networking events are worth it, anti-marketing methods and sales strategies for marketing professionals. I spoke to Winnet about how necessary having a personal brand is to building a … [Read more...] about Does Every Business Need A Front Person?
Share to Twitter Share to Linkedin By Meeta Vengapally Debt is what everyone, and no one, wants to talk about. As an entrepreneur, I know that taking on debt as a tool to grow your business can be helpful, if not fundamental. Debt is sometimes necessary for artists, too. As a mother of two young performers in Hollywood, I know just how expensive it is to get them the right training, mentorship, wardrobe, and other necessities. Let’s face it—to make money, you need money. It’s a hard reality for many of us in pursuit of anything—especially those endeavors that require creativity, as entrepreneurship does. We need training, capital, goods and services, and a team to accomplish any worthwhile venture. Also, with our current climate, it’s obvious that many need to take on student loan debt to even be competitive in their field. Professionals suggest that there is such a thing as “bad” and “good” debt. Does this hold up for artists and entrepreneurs? … [Read more...] about Does Good Debt Exist For Artists And Entrepreneurs?
Share to Twitter Share to Linkedin Executive Chairman of the Tortora Brayda Institute and CEO of Gorilla Corporation, a leading technology global channel marketing agency. One of the top priorities for the United States is to make its critical infrastructure less vulnerable to cyber threats from foreign adversaries and insider threats. While the Biden administration is making remarkable progress in this field through, for example, Executive Order 14028 on Improving the Nation’s Cybersecurity, the task at hand is vast and complex, even for an advanced superpower. This is why we must all come together and do our share of the work. According to the USTelecom’s 2021 Cybersecurity Survey of Critical Infrastructure Small and Medium-Sized Businesses (SMBs) , only half of C-suite executives in SMB-critical infrastructure regard cybersecurity as being a high priority, and 26% of employees feel the same. This is a red alert situation. Essentially, … [Read more...] about The Vulnerability Of Mid-Market Critical Infrastructure Against Cyberattacks And Why It Matters