21 Burst results for "$116 Million"
CoinDesk Podcast Network
"$116 million" Discussed on CoinDesk Podcast Network
"Bankrupt crypto lender Genesis is suing its parent company Digital Currency Group and its affiliate DCG International Investments, seeking repayment of loans amounting to $600 million. The lawsuit alleges that DCIG failed to fully repay a loan converted to a fixed term due in May 2023 with an outstanding balance of around $116 million. Additionally, Genesis claims DCG attempted to convert four loans worth about $500 million into open loans that don't typically have an end date, a move Genesis rejected. In a related note, Genesis Global Trading is set to voluntarily wind down its US-based spot crypto trading operations later this month, citing, quote, business reasons, end quote, in a statement sent to Unchained. The New York subsidiary, holding a bit license and registered with the SEC and FINRA, plans to halt its over-the-counter trading services by September 18, with all open accounts to be closed by the end of the month. This move follows the trend of other market makers like GSR, Wintermute and Jump Crypto, reducing their trading activities on US platforms amidst increased regulatory scrutiny. Despite the closure, the company's international subsidiary, GGC International Limited, will continue its spot and derivatives trading services. In related news, federal officials, including FBI agents and SEC staff, met with Gemini co-founder Cameron Winklevoss to discuss his fraud allegations against digital currency group CEO Barry Silbert, according to a Bloomberg report. Despite Silbert's denials, an ongoing review into DCG and its subsidiary Genesis Global Capital's financials is being conducted. Silbert has not been charged with any wrongdoing, as per a DCG spokesperson.
The Bitboy Crypto Podcast
"$116 million" Discussed on The Bitboy Crypto Podcast
"Let's see, people are talking about the lockdown potential. It won't be a Black Swan event if the majority of us expect it. Yeah. Kind of a good point there. Good point there. I can see that. Let's see, Black Swan's already priced in. A lot of people do think that, but if you do have that contrary bet, you can capitalize very heavily off of it. All right, out in the ether here. Genesis claims DCG and DCGI owe over $600 million in unpaid loans. These are the Winklevii twins. They owe roughly $500 million in loans, while they owe roughly 4,550 Bitcoin worth $116 million. So the loans, which were divided in three sums of $100 million and one of $200 million, reached maturity back in May of this year because the loans were not repaid on maturity dates, nor was the termination of the loan suspended. The amounts do include applicable late fees. So they're giving them some late fees too, and they added, hey, the late fees will continue to accrue. I like that the same rules apply to the big people as the small people. So keep charging them late fees. Keep doing it, Winklevii. The Genesis says that DCG submitted wire instructions requests expressing a desire to convert the loans into open-ended loans. However, Genesis did not agree and just wishes to be repaid. Just give me my money. In a separate filing, Genesis accuses DCG International of not repaying them the Bitcoin as well. They had an open-turn loan of 18,000 Bitcoin. They partially repaid it, leaving roughly 4,550 left. This is not the first loan that matured without DCG paying it back. Gemini claimed in May that they missed a $630 million payment. Blockworks reported that Gemini had warned of DCG defaulting. A lot of money owed by a digital currency group there. Now, let's talk about the China ban.
Unchained
"$116 million" Discussed on Unchained
"Hello and thanks for tuning in to listen to this week's Unchained weekly news cap. I'm Michael Del Castillo, a Knight Badgett fellow at Columbia University. In a recent development in the FTX case, the exchange's former COSIO Ryan Salome has pleaded guilty to federal charges, including conspiracy to make unlawful political contributions and defraud the Federal Election Commission, as well as operating an unlicensed money-transmitting business. This comes confirmed to us by U.S. Attorney Damian Williams. The plea, recorded in the Southern District of New York, comes with an obligation for Salome to forfeit a whopping $1.5 billion with the hearing scheduled for next March 6. Salome, who managed political donations at FTX, is the latest former executive at the exchange to admit to criminal conduct, joining Nishad Singh, Carolyn Ellison and Gary Wang, who are all expected to testify. These are developments, part of a larger case involving FTX's founder Sam Bangman Fried, who is facing multiple charges but has pleaded not guilty. As the legal pressures mount on Sam Bangman Fried, the spotlight this week is on his lawyers' increasingly fervent requests for him to be temporarily released from jail, as they argue, to be able to adequately prepare for his imminent October trial. Despite their client having already been granted access to an air-gapped laptop for extended hours at the Metropolitan Detention Center, Bangman Fried's defense team contends that the current setup falls short of allowing a meaningful opportunity to build a robust defense, citing unreliable internet and insufficient battery life on the laptop provided. Simultaneously, the courtroom is buzzing with debates over the admissibility of evidence concerning FTX's bankruptcy and a controversial ad featuring Seinfeld creator and perennial ludite Larry David. The prosecution insists that the evidence is vital to portraying the complete narrative of Bangman Fried's alleged crimes, including the alleged misappropriation of customer funds. In a related development, the U.S. District Court for the Southern District of New York sanctioned a rare repurchase agreement on October 28 allowing regulated securities trading at Robinhood to buy back some of its own stock worth an estimated $605 million from Bangman Fried. That's according to an SEC filing from last month, reported by CoinDesk late last week. As FTX's bankruptcy hearing nears, recent Solana wallet activities have ignited fears of a potential token dump, with around $10 million in tokens associated with an FTX wallet already moved through the wormhole bridge. Meanwhile, filings show what many might consider extravagant corporate expenditures, including a $2.5 million yacht for former COSEO Samuel Trabuco, among other internal cash transfers to executives. The U.S. Department of Justice has intensified its case against former Celsius CEO Alex Mashinsky, with a federal judge approving a restraining order that freezes his bank accounts and real estate assets, including a residential home in Texas. This move comes as part of an ongoing criminal case where Mashinsky is facing charges of alleged fraud and market manipulation, to which he has pleaded not guilty. U.S. Attorney Damian Williams emphasized the necessity of the asset freeze to prevent what he's concerned might be interference from third parties before the relevant institutions can be notified. The order includes accounts at several financial institutions, including Goldman Sachs, Merrill Lynch and SoFi Bank, mandating the immediate cessation of all transfers from the affected accounts. Also this week, lawyers representing the Celsius cryptocurrency exchange filed a complaint against private lending platform Equities First, seeking to recover assets amounting to approximately $439 million in cash and Bitcoin. They claim they've been owed since July 2022. The filing, which also names Equities First CEO Alexander Christie as a defendant, stems from unreturned collateral from loans initiated in 2019. Bankrupt crypto lender Genesys is suing its parent company Digital Currency Group and its affiliate DCG International Investments, seeking repayment of loans amounting to $600 million. The lawsuit alleges that DCIG failed to fully repay a loan converted to a fixed term due in May 2023 with an outstanding balance of around $116 million. Additionally, Genesys claims DCG attempted to convert four loans worth about $500 million into open loans that don't typically have an end date, a move Genesys rejected. In a related note, Genesys Global Trading is set to voluntarily wind down its U.S.-based spot crypto trading operations later this month, citing quote business reasons end quote in a statement sent to Unchained. The New York subsidiary, holding a bit license and registered with the SEC and FINRA, plans to halt its over-the-counter trading services by September 18, with all open accounts to be closed by the end of the month. This move follows the trend of other market makers like GSR, Wintermute and Jump Crypto reducing their trading activities on U.S. platforms amidst increased regulatory scrutiny. Despite the closure, the company's international subsidiary, GGC International Limited, will continue its spot and derivatives trading services. In related news, federal officials, including FBI agents and SEC staff, met with Gemini co-founder Cameron Winklevoss to discuss his fraud allegations against digital currency group CEO Barry Silbert, according to a Bloomberg report. Despite Silbert's denials and ongoing review into DCG and its subsidiary Genesys Global Capital's financials is being conducted, Silbert has not been charged with any wrongdoing as per a DCG spokesperson.
KGO 810
"$116 million" Discussed on KGO 810
"Next week. The winners will get $1.5 million each part of California's plan to spend $116 million to convince Californians to get the shot. Alex Stone ABC News for KGO 8 10 Caltrain says the electrification of its rail system has been delayed until late 2024. In part because of supply change chain disruptions caused by the pandemic. Unforeseen conditions under Cal trains, tracks and complications, and the installation of signal systems also contributed to the delay. This delay adds almost two years to the electrification efforts, which were supposed to be done next year. Two CHP officers have been credited with saving the life of a woman who threatened to jump off the Bay Bridge this morning, Officials say. One officer grabbed the woman as she tried to leap off the outer edge of the build bridge railing east of Fremont Street. They struggled until another officer and some drivers got out of their cars to help. The woman was taken to a hospital for treatment. Let's get a look at your drive. Now on this Friday afternoon, is sponsored by Juniper Networks. Heather has her eyes on San Jose. In fast and furious crashes that is to the Children. Auto Body Traffic desk, an injury one for San Jose in the two left lanes, a motorcycle down south one, A one at age 80 traffic is backing up to Brokaw Road, though there is a slow stretch from the Lawrence Expressway to the Guadalupe Parkway as well north at 80, north of Alvarado Boulevard that injury accidents on the shoulder. Now traffic's backed up to Maori avenues. Stop. Pickup truck has been cleared in Pleasanton, but man it made an extra heavy over the Dublin grid grade. Starting in Castro Valley at Redwood Injury rack for the shore, West 80 Wester Gilman backed up on the East 5 80 West 5 80 connecting the north. One of one's extra heavy because of an issue at the central Sandra fell off ramp. In fact, North 11 slows into stretches from Tiburon Boulevard up to Central Sandra fell out of the city jam packed from before Caesar shadows to the Bay Bridge. Cos. For me to zoom run on juniper networks with the ability to handle all that video traffic from your six a.m. with London to dinnertime chats with Mom. It's no wonder the fastest growing companies trust juniper from data centers to WiFi driven by a I get results at juniper dot net.
World News This Week
California giving $116 million to people who get COVID shots
"Announced one hundred sixteen million dollars in rewards the biggest program in the country including fifteen million dollars to be split amongst ten vaccinated residents meanwhile. Cvs launched its own sweepstakes the newly vaccinated could win a trip to the super bowl or a week on cruise island. Encourage anyone to get the vaccine winning a million dollars as an incentive enough. I don't really know what would be. Some small businesses are offering their own vaccine incentives in florida. A concert venue is charging twenty bucks per ticket. But if you don't have your shot that price rockets to a thousand
KIRO Radio 97.3 FM
"$116 million" Discussed on KIRO Radio 97.3 FM
"Patterson asked everyone to hold police accountable and reform the law enforcement system, she says. This effort shouldn't be about politics but about standing up for justice. Washington State Patrol Homeland Security officers arrested a man they say was hiding a semiautomatic rifle under his coat when he boarded a ferry boat docked in Michael T. O earlier this week when he boarded the vast billion won right into the bathroom. And so the crew found that Behavior concerning and they called the captain and he held the vessel in the Michael T O Terminal Super Kevin 14. Oh says the man did not have a concealed carry permit and was arrested. The U. S. Canada border may re open as earliest June 22nd. That's according to the all point bulletin newspaper that serves point Roberts. The Washington state community is bordered by water and land owned by Canada. The Canadian rat has been cut off to all but essential travel during the pandemic. Seattle leaders have unveiled to propose spending plan for nearly $130 million in federal funding for covert relief more on that from Cairo videos. Hannah Scott spending includes flexible grants for businesses, direct cash payments to the families in need, and nearly 50 million in housing and homelessness plan also spends on childcare, immigrants and refugees and many other priorities. City expects to receive another $116 million in targeted funding next May from the Feds. As well as more money from the latest stimulus over the summer. You're Cairo Radio forecast calls for lows tonight in the mid forties, a few plants tomorrow with highs close to 70. It is 62 in downtown Seattle. I'm the Bosch Cairo Radio News. Tell your smart speaker to play Cairo radio here for what's next. Happy Memorial Day weekend for those of you that have already started making their way somewhere to go somewhere to be away from where you are on. Thank you Taking us along for the ride. Tom has taken the day off. I assume he'll be out on Monday as well, because it smells like a holiday. So therefore Tom never works Holiday, right, Jacob. That is a good guess. Yes, Assume Sherry will be here because she is Every time she comes on, she seems smaller and smaller. And like his less and less of a life. You still there. Thank you for that. Yeah, you're welcome. Yeah, that's good. That is you that little tiny life of mine. You know what happened when I was a word had gotten out of my junior.
KMJ NOW
"$116 million" Discussed on KMJ NOW
"Card TMJ news. Now Senate Republicans have blocked the creation of a bipartisan commission to study the insurrection at the Capitol on January 6th. Calling it an attempt by Democrats to keep former President Trump in the news during next year's pivotal mid term election. The majority of senators, including a handful of Republicans supported a procedural vote on the bill, but it failed to get the 60 votes needed to advance. Shame on the Republican Party. Trying to sweep the horrors of that day under the rug because they're afraid of Donald Trump. There was Senate Majority leader Chuck Schumer, voicing his outrage. Other Gavin Newsom, announcing on Thursday what he calls the country's biggest vaccine incentive program, benefiting all residents who are getting vaccinated in the next two weeks. He was seated in Jimmy Kimmel's Hollywood audience, some Thursday night. What do you do for a living? I hate to admit this in politics to me your politics politics. What do you really What do you do? Apologize Governor, my government. Every state's got one. Jimmy saw the state of a state. Imagine that. Oh, all of California for Nya Governor Gavin Newsom appeared on Jimmy Kimmel live to promote California's $116 Million giveaway for vaccinated Californians. The details include 10, Californians will win $1.5 Million winners announced on June 15th 30 vaccinated state residents when $50,000. The winners are announced on June 4th and June 11th and every one of the next two million. We're putting.
Tim Conway Jr.
California Giving $116 Million to People Who Get COVID Shots
"Group of Governor Newsome's using cash to entice people in California to get a covert 19 vaccine, the state estimates 12 million Californians have not yet been poked. Newsome says. Those who get a shot now will be eligible for more than $116 million in prize money than 10. People will get more than a million dollars June 15th. When the state lifts most
The DeMaio Report with Carl DeMaio and Lou Penrose
California to Offer $116 Million in Coronavirus Vaccine Prize Money
"People in California will each win $1.5 million in a new state drawing the 10 winners will be pulled. June 15th Day, California reopens each receive a million and a half dollars with another 30 people between June 4th and June 11th. Each winning $50,000. The state of California today is announcing the most significant incentive program in the United States of America. We're putting aside more resource is then you know the state in America, and we're raking available the largest prizes of any state in America. For those that seek to get vaccinated. The 16. A half million in lottery winnings will go to people who received a least one vaccine dose. Have someone under 18 wins will get the money when they're an adult Governor Gavin Newsom also saying the state's giving the next two million people to get a vaccine of $50 gift card. Jack
550 KFYI
"$116 million" Discussed on 550 KFYI
"The economy is growing right now, because you're inflating it with all this extra money you're giving? Yes. See again. What does it come down to? Ronald Reagan was right government is the problem him into that, not the solution. Attorney General Mark Byrne of its Your attorney General. Mark Burnett. Bitch has written a letter to the Senate of the United States. A were saying that this David Chipman guy you're trying to get to lead the 80 F It's not the right idea because of this pesky document called the Constitution. Join us next after Rob. He's right there with the download, just talking about adding extra employment. How about California? The latest to give vaccine prize money? They're gonna get $116 million in giveaways to try to get more people vaccinated. What the nation's highest prize 1.5 million or what? Eh? Virus that has a 99.8% recovery. That is just on the people that we tested and tested. Positive. More people were infected. The death rate is actually better than that. Oh, and if you do get covert, and you survive it The New York Times now saying you might have immunity forever. Yeah. It might be years, but it might also be forever. I'm pretty much in that camp. How about that? Hmm? So again, we rushed to all these conclusions. We don't know all the science yet. Does the science comes in You like, huh? Interested. Still, that money just flown out the door? No, but that also helps that herd immunity, right if if 10% of the nation already had it, maybe more and they have immunity from it. Like it's harder for the disease to spread that way, But now it's neither here nor there. This'd issue of the download is brought to you by Isa Lee's home services. Just 69 95 to come out. Tune up your A C. Look your appointment at AJ's least calm. I s l e Y es calm. Let's get you look at traffic.
Startup Stories by Mixergy
"$116 million" Discussed on Startup Stories by Mixergy
"Um and i used to jump in the back in hide behind. You know the c. n. We used to drive by my dad's house and we used to go to the studio every day and then my dad found out later but that's a whole nother story but yeah but great minds think alike ray j rarely thank you so much for doing this I think people can go to your website and buyer. I think the maybe the better thing for them to do is to just go on youtube and watch these these videos of people just saying. I don't think it's gonna work. We see how good it is and then being blown away. That reaction is just been amazing to watch. Don't feel great about that. I feel good. I think that's the last like my day to day story. It's kinda like. I'm really loud in when i express myself with these ideas are like dude out of control and When they try to product. Or see what i said was real the impact strong so we don't mind we don't mind a great all right. Thank you so much for doing this. And if you and i got an eight point seven. I think he's being very generous with me. Ray on my ad for rippling. I will say i would say that's a five point five. Should be even more humble in detroit. Rage eight seven eight point seven. Because i got it got and you'll also get the you so that breaks twenty. Looks like okay just getting started with rippling was incredible. Want me to be a judge for anything i'm here. I'm like the black cow. I might be in love with the guy. You've got like distinct that makes people like you man. Let's row let's row. Let's rock and roll all right. Thank you so much for doing this interview. I hope one day to be back of the jeep. Cherokee hanging out going to do something with you and really hope. See you in person to. I don't know what will be doing. We might be going. We'll look handsome. Got it we've got plenty in with the raytheon's in no that i can't do but thank you so much for doing this interview. Thank you everyone bye guys..
Mixergy
"$116 million" Discussed on Mixergy
"You gotta listen to us and so nice one kinda just backtracked and started over. But i was a tom where almost lent broke. Almost didn't have any money. How close to being broke. I literally like maybe fifty thousand dollars. Now you know. I mean and not not you know me having to pay bills and survive and now having to do another show waiting for my new show to come out but Everything started to turn around. When i started to find the right product and i started to to listen to my team that i have now And and we're doing well and every day. Whenever i get that drive to write really get excited always full back a little bit and go just humble yourselves take your time and just listen to the team with the percentage ownership of the business. You have half of it. Where we're we're we're we're wings yet. Yeah so yeah. We have a few parties he can slows that Cfo probably till cowboy wholesale. A partner in the business is that connected at sakaba wholesale was a wholesale distributor in york They had helped Initially with vendor financing By in the end you know with all on here. But we didn't end up leveraging Hamas mulch now they're not a partner anymore but they're still you know greek on there with them like you some visiting with me. What you see the world going in electronics. What are you seeing that we will live through insee five ten years that you will be a part of what do you see us as consumers. Either yeah i think it's gonna you know i think now everything's i mean maybe raised gonna probably at two things on the tech side of things I think obviously like a is coming thing I think we're just seeing a lot of the hardware offer converge and she's going to be a natural extension of bad as well So in my time like you know in our time. I think we will see a lot of concentration and celery I think another part is not only just like phonology developing really fast. But i think just that Has culture and tech coming closer and closer to convince you. I think you know when you think about Every lodhi nets growing up That's you know you like five six years all of your living on. There's there's our phone it's just gonna become deeply embedded in our culture. And i think rave tons of is is. She lives in that world and intersection of tech business and culture sierra. I don't know i agree. I a i. I think you know pushing green initiative even stronger. Just globally just for the world on creating carbon offsets for everybody soda in Documented on how good we're doing to save the world And digitally just going into like something that we might not even imagine where we're all you know to delete join things i mean you know. I'm a. I'm a weirdo. Sometimes with the tech. But i definitely see. Ai taken control. You know when you say that you mean in the earbuds like a personal assistant be something soon. Andrew i think music and tax. Well you know. I read some of the best conversations that we have. It's just about those different worlds colliding It it's just like okay. This world in the music world And then other you know like the once in all of those kinda coming To to gather together yeah and interesting we just like that's also something that's happening Just as just as Overall shrines i remember. There was a period. Where everyone in tech wanted to be a rockstar developer rockstar engineer. Rockstar this rockstar. That and then. I suddenly saw a picture of snoop dogg snoop standing next to larry sergey from google and he's dressed in a tie and like the next sweater obviously enjoying the look but he's like he sees that's the future he's right. That was amazing. Yeah yeah always has his hand on the future you know in in you know. That's my cousin. Man you know we don't close grownup. Yeah man yeah. We were very close You know randy and snoop in two different worlds. Though you know snoop was you know super you know hip hop and brandy was super armed bs on bayden. They didn't a images didn't go together at the time. But for me. I was always sneaking out hanging out with snoop and like that and then you do as a kid with him. We used to go out with my where we used to go to the studio every day. So they used to come pick me up in a ninety four cherokee jeep. Um and i used to jump in the back in hide behind. You know the seat n. We used to drive by my dad's house and we used to go to the studio every day. And then my dad found out later but that's a whole nother story but yeah but great minds think alike. Alright ray j rarely thank you so much for doing this I think people can go to your website and buyer. I think the maybe the better thing for them to do is to just go on youtube and watch these these videos of people just saying. I don't think it's gonna work. Let me see how good it is and then being blown away. That reaction is just been amazing to watch. Don't feel great about that. I feel good. I think that's the last like my day to day story. It's kinda like. I'm really loud in when i express myself with these ideas are like do out of control and When they try to product. Or see what i said was real the impact strong so we don't mind we don't mind a great all right. Thank you so much for doing this. And if you and i got an eight point seven. I think he's being very generous with me. Ray on my ad for rippling. I will say i would say that's a five point five. Should be even more humble in in detroit rage. Eight seven eight point seven. Because i got it got and you'll also get the you so that breaks twenty. Looks like okay just getting started with rippling was incredible. Whenever you want me to be a judge for anything. i'm here. i'm like the black cow. I might be in love with the guy. You've got like distinct that makes people like you man. Let's row let's row. Let's rock and roll all right. Thank you so much for doing this interview. I hope one day to be know back of the jeep. Cherokee hanging out going to do something with you and really hope. See you in person to. I don't know what we'll be doing. We might be going. We'll look handsome. Got it we've got plenty chopping with the raytheon's in no that. I can't do but thank you so much for doing this interview. Thank you everyone bye guys..
Startup Stories by Mixergy
"$116 million" Discussed on Startup Stories by Mixergy
"Where. I felt like you know i was. I was all alone. And i didn't have. I didn't have the right team. And i was going bro. You know spending all my money on products and it was getting. It was becoming too expensive for me. Because i was given a lot of them out and i was giving them away because it was a lot of times where i needed to give people things so they can show me love at the same time. Any got tough man and and right before you know ran. I started to talk. I felt like it was. I was just gonna like move on because i was over it was i was way over my head. I mean the even the wholesale prices from the were way too much from by myself and so talking to ray talking to the team into the new team and they were telling me you don't have to go that big you don't have to have that kind of product. These are the things you should be focusing on and with the right team around you with what you can do from the marketing. I we can win. You gotta start over. You gotta listen to us. So nice when i kinda just backtracked and started over. But i was a time where almost went broke. Almost didn't have any money. How close to being broke. I literally like maybe fifty thousand dollars out. You know. I mean and not not you know me having to pay bills and survive and now having to do another show waiting for my new show to come out but Everything started to turn around. When i started to find the right product and i started to to listen to my team that i have now And and we're doing well. And every day whenever i get that drive to write really get excited always full back a little bit and go just humble yourselves. Take your time and just listened to the team with the percentage ownership of the business. You have half of it. Where we're we're we're we're wings. Yeah yeah so. Yeah we have a few partners. Don't know if he can slows that Mcpake our cfo probably till cowboy wholesale. A partner in the business is that connected at sakaba wholesale was a wholesale distributor in york They had helped initially with vendor financing By in the end you know with all on here. But we didn't end up leveraging hamas mulch. Now they're not a partner anymore but they're still you know greek There we had with them like you some visiting with me. What you see the world going in electronics. What are you seeing that we will live through insee five ten years that you will be a part of what do you see us as consumers either. Yeah i think it's gonna to you know i think. Now everything's i mean maybe raised gonna probably add things on the tech side of things I think obviously like a is coming thing I think we're just seeing a lot of the hardware offer converge and she's going to be a natural extension of as well So in my time like you know in our time. I think we will see a lot of act Concentration and celery I think another part is not only just like phonology developing really fast. But i think just that Chinese culture and just of coming closer and closer to convince you..
Mixergy
"$116 million" Discussed on Mixergy
"Learning along the way but i think that we're we're we're in pretty good shape you know god is the you're saying you went like door to door salesman. Almost here is the music. What what were you doing to get people. What was the the personalization touch that you added at that point in your life spending time you know really not even talking about the music you know really just spend time with them and just five in talking about you know other things in going out to dinner. We went out to play basketball or we went to an event. They wanted me to go to war a party to show up and just show up. You know it was just so many random things in different cities but it all counted you know and they're still friends of mine now. I can call on them in that they call on me and i saw this really building those relationships and really Know that you know you care about not just the music but the people that selling music. That's fine the music on it. All goes hand in hand and It's people know me out there. They know if ten twelve or twenty people wanna take a picture with the arctic with everybody you know and and and bond with people because i feel like i'm with people so with that with that energy and with great product you know You know magic can happen. Why why are you doing this. I i saw even before we got started. I think you and i were the first ones to connect to your on zoom. Rarely we happened to kilowatt. But all kidding aside radio is like incredibly nice and welcoming. I talked to him about my sponsors. Yeah very encouraging. Go ahead you gotta hit the business numbers right. I wonder why you're still doing at this point. You have your tv shows. You have your music. You have everything working out. Why what's the drive. What is it that makes you say. I have to do this. I have to deal with andrew and his and his goofy humor. I have to get on to do the next thing and take photos. Why why are you doing it. You know there's always the next level you know. And i think that we're we're so young in his business and i think there's so much more to do so much more to learn so much more to more just more people to meet And i think as bridging the gap between entertainment music technology and bridget globally. I think we can be one of the forces to do that. Any challenge because you say. I think i could do this. I wanna see how big i can make this. I think we can. Is that. what it is. I think we can be number one. I think we can be great. I think off people can be. I think we can all be great together. I think we all make. Mistakes will all learn from them but with unity and with with with great product and being honest transparent every day. I think we can do it together. And just want to be a force in our world. How do you get that kind of confidence. Where does that. Where does your confidence come from. It's just part of you. You know it's just it's just it. I think it's just from me. Being you know. Being told noah and being told that i couldn't do a lot of things and then overcoming those knows really help help. It really helps me understand that it is about the the people it is about the consumer because once they gravitate to something and nobody can stopping right. You'll rename that in the back of your head now when something goes wrong i overcame that. No i can do this one. I mean the whole tech business. You know people laugh. W started. And when i had you know when i had bikes and smartwatches and stuff they were laughing. Santa lucia on your scooter. Which a little watch is high. You know what i mean but for me. I felt like that was something that was needed. Even with the earbuds was kinda. Like yo i got the new earbuds inside. What are those things in. You know they had on all of these different things to say about. Why would work. But i just know imahara when something is great. And i know when the team feels the same way and when we push it will we stay up late nights and when we wake when we're on time when we're sticking to the clan things happen you not think the earbuds businesses omen. Everybody wants some right and so now we're onto something again in god beat be vulnerable with me when they were saying. Hey this is this is a guy who thinks he's going to be an electronic space. He's steve jobs was time when you said maybe this is a mistake. One and i just stick to what i'm good at. It was times where. I felt like you know i was. I was all alone. And i didn't have. I didn't have the right team. And i was going bro. You know was spending all my money on products and it was getting. It was becoming too expensive for me. Because i was given a lot of them out and i was giving them away because it was a lot of times where i needed to give people things so they can show me love at the same time. Any got tough man and and right before you know ran. I started to talk. I felt like it was. I was just gonna like move on because i was over it was i was way over my head. I mean the even the wholesale prices from the were way too much from by myself and so talking to ray talking to the team into the new team and they were telling me you don't have to go that big you don't have to have that kind of product. These are the things you should be focusing on and with the right team around you with what you can do from the marketing side. We can win. You gotta start over..
Startup Stories by Mixergy
"$116 million" Discussed on Startup Stories by Mixergy
"I've been running my own record label and put my own music. Because it's it's not it's not easy you know Make a hit records and you get a lot of nose and a lot of a lot of. I don't like it. And i think now that fuels me to like really not proved to them. But when i know something's good just just prove to the world that this is what it is and this is great stuff so i just i took all of that in just multiplied into business and And i understand now that the team matters the most though. So i can market i can. I can make it super loud i can. I can have everybody talking about it. But when the team would take that and make that a business and put the right infrastructure behind that then it will never be ain't so Saw you know. I'm i'm excited that that the team is strong and now we're moving like removed. How'd you do that in the record label you know. It was six seven eight months of just throwing around each city really talking to all of the program directors all at a musical directors in. Dj's and spending time with them every day in each city And then they started to play the song and then. I got a lot of call outs. In a lot of people call in requests song but it took me to spend time with with everybody in each city and bill within and let them know our passion. I am my music for to take it serious. And once they did the world then started to gravitate to the music. And so i think that that same drive in technology with the right team It creates magic and we're creating it. Now were humble. We got a long way to go on. And we're learning along the way. But i think that we're we're we're in pretty good shape you know god is the you're saying you went like door to door salesman almost here. Is the music were..
Startup Stories by Mixergy
"$116 million" Discussed on Startup Stories by Mixergy
"'cause every two today We are set up in miami. So you know we have the miami headquarters and i'm out here running that from strategic side Again you know before. I was extremely hands on now with recon. We have the infrastructure to take care of most of the things that need to be done and experts do that so we have our c. Ceo or cfo. Our ceo or cmo. And for me. I'm the csl which is the strategic officer. And you know strategically i just i have. I have my own mindset. Alway doing things and so. I'm happy that the team. Let's we have my freedom to create into into do think so for us. It's fourteen unit but i'm hands on with what's what's the strategy here. How do you go to the next product. How do you guys become multibillion dollar business. I think. I think we see a lot of lotion. We think the growth is just is tremendous rec- International as a really big area for us to take solid is just like a great A great category for international commerce as it. We're a really racing towards. I'll be haven't touched retail shelves yet. So he'd been a hundred and online. And i think that's something that's is people that we were able to grow as much on them. We haven't been able And we have in You know On retailers as so i think those two things are alike day channels for us on a product categories be are in earbuds And an headphones But of course there's a lot of different audio visions. I'm an impasse audio You know there is tons of categories that megyn expanse you But i think like overarching that it's that again. Focus on on hustler And then just making sure that we scale As well So i think that those things We wanna go. Businesses biggest thinking first retail store. Just get into the physical stores which nobody's going into now anyway. You want to get into them. When they do become more popular and go international before you think about what other products you could create before you think about how we go beyond the earbuds and your phone. Yeah exactly yeah. I think we wanna i think right. Now we're just you know crossing the earbuds to perfection. And then we're also creating that robust charter to really scale array was saying And then were you know them. We're going to go into more honest categories..
Startup Stories by Mixergy
"$116 million" Discussed on Startup Stories by Mixergy
"Team. I'll go through all of our. Yes and our and our customer reviews and we barely and went. Okay use other. Trump says you know customers are actually You know. I mean dishes and the refugees are be actually more. Not just as okay. Can we make a good view a shorter wipe out of us. We actually just or rate is And use them as arteries. I saw when i saw mark. I'm michael brian. I think he said these aren't waterproof enough. And then there's an update afterwards. Actually they do have water resistance and it seemed like somebody had gotten to him and said yes. We see your problem. we've got it. I think that's one of the things that we found. That was really interesting. We have reviewers like like mike They actually like bill transference. They don't reach out to them in all they don't have conversations i'll we actually follow up with them. said thanks for the And afterwards the ashley when when are we watching province. We send it to them. We got out and then we ask them what. What's what's your back. No pressure on using genuine care. I did get it right. this time. so i i think that's some of the some of the differences between us and my other brand soccer. All right i told you before the my sponsors rippling i wanna do my ad for rippling real quick. And then i'd love ray j and i love riley if you guys gave me like feedback from marketers point of view. Here's andrew where you didn't nail it. Here's where you could've done better okay. I don't need the pat on the back. All right here it is. Rippling is a way to pay your people right. Fulltime employees contractors people outside the country. They make it super easy. But here's what i love about them you on board a new custer new employees on your team you gotta get paperwork to them to sign pain in the butt rippling. Does it right there. Just digitally side. You want to give them an email address at your company right. Which what's your domain right now. What's the email address domain rayleigh. What's will recon global so imagine it's like you hire andrew. You need andrew at global dot com. It's a pain to go set up. It's a pain to add me a slack..
Startup Stories by Mixergy
"$116 million" Discussed on Startup Stories by Mixergy
"And it was a part of the green initiative as well so that was really in the whole mess responded. It was strong and it was it was it was a it was a great route for me. What are some of the products that you were kicking around when the two of you are starting to think about a partnership we started on we started with like smartwatches we started with speakers. We started with different kind of lights. chargers We started with thirteen skews. Thirteen different experiments ascend to the natural which started raytheon. And you know they were. They were out on the market and Everybody gravitated to the earbuds. And this is before earbuds started booming An and that's what we kind of knew where our focus should be and so we kind of moved everything out of the way and we just became a straight yearbook company. Let me ask you this. Ray j that there was a lot of speculation online that maybe you'd gone out and bought an existing product and put your logo on it. Is that the way. The first skews the first products came out where you said. I'm going to find the best of these lights. The best smartwatches our brand myself and then see what hits well it was. It was kinda like that but it was more so on. How do we find quality products. How do we find products that were were in demand but that had really good quality and which which which skew are we going to focus on right so it was. It was kind of like a trial run and once we've found once we found our our product that we sell career to be successful. And now we're still unique in. That really wasn't extremely extremely popular in the market. That's what we said. Let's become earbuds company. Just master earbuds to make them better and better and better but the first one weren't manufacturer just for you. Am i right where they. It seems like you bought something that already existed. You added the brand name to it right and then you started tweaking. The design rate. It looks like you're leaning forward to say something about it. What do you what was had a. We had a close relationship a lot of vendors to so.
Mixergy
"$116 million" Discussed on Mixergy
"I'm the founder of mixer interview entrepreneurs about how they built their businesses joining me like a major frigging celebrity. No no man. i'm just a worker man. i'm just i just. I like to execute bessette. That's what i'm seeing. You know what. I had. No idea that ray condos earbuds company that i see on youtube all the time that it was created by you all i see is ads for these little earbuds smaller than airpods many ways that what half the price of airpods right yup yup multiple colors and then so you guys do the ads and i think oh yeah sure and then i see a team of like youtubers out there who are skeptical. Trying to figure out is any good and they'll walk away saying you know what it really is good and it's half the price and wow and then i found out that i have the founder of ray khan the company that makes these earbuds here on mickey and then i hear it's ray j the guy who i somehow news the celebrity for for years and years. Anyway so i'm excited to have you on here and sitting next to you is a little bit awkward ray. Lead co founder of the company is weird. That i'm talking the whole time and not to you. Oh it's totally you know. We're a tag team so teamwork we're both ways so it's all good. Well both doing this interview. I wanted to find out not so much about the celebrity stuff though. I did find out. Apparently you dated kim kardashian. You're the younger brother of an artist. Y love brandy is sister. Yep yep was grandy snoop dogg cousin. Reality tv show musician sexy. Can i can hit it. What i need all this stuff. I was listening to february. But when i wanna find out about is. Is this electronics business of yours. How much revenue producing with this j. Well we started out where with three year company. Our first year we started out. We did seven million. In sales second year we did thirty six million in sales in third year which was just last year. We did around seventy three million. So we're growing right now in a big class for twenty twenty one ray. Lead is ceo. He's also a founder. We've been working twenty four hours a day and just trying to push this thing out and make sure everything is good. This is not your first eletronics company. From what i understand. The first one was rachel onyx. Corporate my right yes. How did you get until tricks when i started out being just an independent artists so i ran my own music label and i up with a few templates on how to sell my own records and i ended up. I ended up doing five hundred thousand units sold on albacore radiation are we came up with a hit called one wish and i started to kind of find out how to market in how to build over the years you know. We did multiple tv shows. We dropped multiple albums. I felt like it was time for me to advance into something more so in the digital space and so started to try bikes smartwatches I went through a bunch of different products and items and when ran. I started ray. Khan we really felt like the earbuds was booming in this was two and a half years ago and i think we shifted all of our focus to the earbuds. And that's when everything started to happen for us. Rake on it. We've been scaling ever since ray ray lee. I went onto your lincoln profile to get a sense of your background. Where's 'electronic part of your background. What were you doing before. Electron ix and ecommerce have actually always been are my life. I've always just been doctrine. Things straight after school jumped into that world and that intersection. And that's always where i kind of thrived One of ray's close friends is the truth as soon as we met We just mealy star china. What was missing electron industry. And i think we realized that consumer electronics was a dinosaur industry. Even like my experience and seeing how much on squirts an past. There's just you know everybody was. They moved released. Uh slowly prices were just too high. There wasn't that much innovation in terms like business model. I'm really looking out for the customer. I've always felt that when i was always working working. So i looked you up your stanford university grad right or dartmouth college grad and spent some time stanford with entrepreneurship. Got it for a year. There went to stuyvesant high school. So you started back in high school. But then i'm looking at what you're doing before sky town is that where you got your electronic Experience yeah so sky. Tom was a marketplace for consumer electronics So we sold variety of onyx. We had hundreds and hundreds of skews a saudi scale to to a million dollars in the first year. And i think also another aspect is my family was also just in consumer electronics industry. So my father uncle has cousins electronics industry. So i've actually been around the fair in las vegas for the past fifteen years. What's your what's your family business. There's just a variety of consumer brands brands like sony. Some family members weren't sony will be A variety of france ray j ray was the first company. What's the first product you created there. It was a scooter. Scooter bikes had every celebrity in the world. Create much on the bikes. And that's kind of where. I got my energy to keep going. I felt like after. I sold the company. It was time for me to stop focusing on a product that i think everybody could afford allure around twelve hundred dollars. And so how did you come up with a bike. Why bike it was around the hubbert. Time right Yeah i was out. I'm in miami now. This came up with the idea but scooters these electric bikes there was a few different style. The bikes and They just caught. My eye felt like. I showed him to a few of my celebrity friends and they were like what the hell is this and they all started calling me. They all started posting. I never accident to post anything. I got a rush. I started to feel like this could be. You know this could be my thing. I felt like a young michael jordan per se with them. My logo on the bikes. And i just. I really got a rush so i started to put on my time on my money. Everything interested to that brand and then it went to a level where i felt like it was time to move on lift was out bird was out on a competitor was it was it was it was overwhelming at the time so i felt like it was good to let it go and it was good to now start on products that i felt like. We're more affordable anarchy tap into the to the culture just in a bigger way lows and so you sold the company to loop share. I read in black enterprise magazine. You sold it for thirty four million dollars in eighteen million common.
KQED Radio
"$116 million" Discussed on KQED Radio
"The rear window and we can go out safely and be within 6 Ft. Of friends and strangers. What are the first things you're going to do recently on Forum? We asked listeners for their post pandemic fantasies. My guest was Anna sale, host of the podcast, death, sex and Money Coming up Next, We're going to listen back to that conversation. And remember, Since this is a previously recorded segment, we won't be taking your life calls any males. In Georgia's critical Senate runoff races, and one Republican candidate, Senator David Perdue, is in quarantine just four days before the election that will determine control of the U. S. Senate. From member station W. A. B in Atlanta. Lily Oppenheimer reports. The Purdue campaign says the senator and his wife both tested negative for the virus Thursday. Even so, per do his wife and his campaign team say they'll follow CDC guidelines. The senator who faces Democratic challenger John Ausaf in Tuesday's election runoff. Plan to attend a rally with President Trump this weekend in Georgia. Trump will be there in an effort to boost Republican turnout for what is expected to be a very tight contest the outcome of two U. S Senate run offs and Georgia will determine which party controls the Senate in the next Congress. For NPR News. I'm really Oppenheimer in Atlanta in Oregon. 2020 closes out the worst wildfire season in state history. Now, Brian Bull of member station KLCC reports organ is getting some $116 million in federal aid for relief and recovery. Today, it's 1.2 million acres and 4026 residences were destroyed by organ fires. But the damage isn't over. While a major fire was contained shy of Leanne Blodget's home and Mark Cola, Oregon, she fears the damage it did to the Mohawk River area. She lives him. The upper part of it was burned extensively, and they're trying to get all the logs out of the area and stuff, but that could definitely cause landslides. Deadline to apply for public assistance has been extended to mid January. For NPR news. I'm Brian Bowl in Eugene. It's been a long road, but Brexit is now official the U. K's divorce from the EU final NPR's Frank Langfitt reports from the English port of Dover after decade of practically seamless trade here across.
Bloomberg Markets
Kodak Insider Makes Well-Timed Stock Gift of $116 Million to Religious Charity He Started
"Eastman Kodak CE wild stock market right produced what might be the biggest contribution on record to a religious nonprofit product for well timed gift by Kodak Board member George Carter Garfunkel. In the securities violent Last week, Mr Carr Funchal and his wife, Rene said they donated three million of their 6.3 million Kodak shares to Congregation Israel in Brooklyn, New York.