35 Burst results for "First Companies"
Larry Kudlow Calls out Biden for Saying Businesses Don't Pay Their 'Fair' Share
"How does all of this effect we talk about the middle class? How does this all affect The middle class, which Biden is trying to do is going to improve their wages. Is it going to improve their their savings? It isn't going to improve their job stability and so forth. It's going to do great damage. And I just wanted to spend a moment. On this issue of profits, corporate profits. Which Biden wants to task. More heavily and reverse the trump tax cut. So look. You want a good paying job? You need a good business. You need a stable business. If you're taxing their profits away. What does that mean? That means they don't have enough money. To keep the business growing. They don't have enough money to keep paying good, higher wages. They don't have enough money to prime the equipment. To increase productivity. You cannot operate mark without profits. Profits are the mother's milk of stocks. And like I say, there's 100 and 25 Million Americans in the stock market. It's not 10 billionaires. Okay, It's a half of the working population or in the stock market. But the bigger point is wages. Wages. You raise the corporate tax. Lower profits. That means you have to lower wages. That's what the business has to do to stay alive or until the business goes extinct. Now here's the big live. The big lie that died made again today and it's part of the old left ribs. Is that companies either don't pay any taxes. For companies pay too little in taxes. They don't pay their quote their share. Well, they do. I beg your pardon. We have had a profit boom post pandemic. Tax revenues are rolling in Mark. The government is bowling and cash right now. Okay, so who's going to suffer? 100. Listen to this. $100 billion. And profits. For the S and P. 500 companies, the biggest company 100 billion will be long. As a result of Biden's tax hikes, and
GOP Prosecutors Threaten Lawsuits Over Biden's Vaccine Requirement
"Two dozen Republican attorneys general are threatening to sue the blighted ministration over its plan to impose a covert vaccine mandate on government and private sector workers the opposition is led by South Carolina Attorney General Alan Wilson who called the biting vaccination plan quote disastrous and counterproductive Wilson says he and two dozen of his counterparts will seek every available legal option to hold the president accountable the letter blasts the plan for sweeping new federal vaccine requirements to be enacted by OSHA for healthcare workers federal contractors and nearly two thirds of the private sector work force aimed at slowing the spread of the delta variant Republican leaders and even some union bosses are accusing president Biden of going too far in trying to muscle private companies and workers Jackie Quinn Washington
Michael Sussmann Provided False Statements to FBI While Working for Democrats
"This is from the hill. But it's in a wide variety of news reports. A federal grand jury indicted attorney Michael Sussman on a charge of lying to the FBI during the 2016 campaign. Making the second prosecution brought by John Dorm, the special counsel tapped by former President Trump to investigate the FBI's probe into Russia interference. He was tapped by former President Trump. The guy is a civil servant. He's been a federal prosecutor for decades. The indictment alleges. It's assessment, an attorney at the firm's Perkins Coe, and I want to get into that in a minute. With ties to the Democratic Party. Misrepresentative, who he was working for 20 presented evidence to the FBI in 2016 of a link between the Trump Organization in the Russian financial company. Alpha Bank. Now let's stop there. He was planning lies with the FBI. On behalf of the Hillary Clinton campaign and the DNC. That's why he sought to cover up his footprints. As to who he was actually working with.
Will Biden's Vaccine Mandates Hold Up?
"Let's talk about living our lives in the face of these vaccine mandates yesterday biden had a big meeting with bunch of business leaders. There's lots of speculation that these vaccine mandates are going to hold that they're gonna say william gallstone wrote a piece of the wall street journal biden's decision to compel workers at large companies to receive co hit nineteen vaccines has has provoked provoked a predictable uproar. Much of the outrage has been purely political but opponents have raised serious questions that deserve a respectful response and it is his opinion that the public authority can mandate vaccinations with legitimate medical and religious exceptions but which public authorities and they're using osha. The osho law requires every employer to furnish each employee employment and place of employment free from recognized hazards that are causing or are likely to cause death or serious physical harm to workers. So biden's proposal is raising a real controversy. He writes is not a moral controversy. Liberty is limited when the exercise of my liberty affects others. Nor is it a constitutional controversy. William austin rights at the wall street journal because the american system divides authority to promote health and safety between the states police powers and the federal government's power to regulate interstate commerce. The controversy is over the interpretation of federal law whose constitutionality is unchallenged. The courts will determine the proper application. Everything else he says is political theory. It's pretty thoughtful. Column will posted at mike. Online dot
White House Announces New Security Pact With Australia and UK
"Let's just talk briefly about this new partnership between the us australia and the uk. Casey it was announced yesterday. Just explain what it's intending to achieve. Guess there's it's an e packed in in theory and is a security pact. We have a situation where australia will be making new submarines with health in the us. Osa the caper in the us technology in us intelligence. And it has created a diplomatic steph or a number of reasons one. Because obviously you have the five is and this appears to be a breakway from the fives. Some of the countries have in it meeting on coming up with the rain plan. And i think that is seeing even though it's not specifically as a response to china and this is a group trying to tackle they think will be chinese aggression in this area. I think that you use saying the allies or the allies of the uk. Australia and the us. I'm unhappy because you have a situation. Where france had been quite a public their annoyance over this land because a french company had previously had a contract to let australia on submarines and that has now gone in favor of lectern with the us. And that i think are new zealand. A member of the five. Is you have a proper. Because just into autumn relating to rules they had previously in place is saying that these submarines won't say. Hey kennel enter. Newseum waters and i think that is just suggesting a tilt. In towns case foreign policy in the areas it's focusing on usa allies most values
Can Biden Really Mandate COVID-19 Vaccines?
"This was the most sweeping set of mandates that we've seen so far from the biden administration. This was really a step up. And the administration's fight against the pandemic. Yes mean buthe lab is a health policy reporter here at the post the most consequential one is probably his executive order telling companies with more than one hundred employees to mandate vaccines for their employees. Or else make them submit to regular testing and that rules still being crafted but the companies would be subject to some kind of fine fourteen thousand dollars per violation. It's not quite clear what that would mean yet. For whoever is not vaccinated. The other one is a stricter enforcement of his order requiring all federal employees to get vaccinated so when he first announced this at the end of july employees could either get vaccinated or do regular testing. He took that a step further and said all federal employees have to be vaccinated. There's no opt out for testing. And then the last one is requiring health care facilities that receive medicare and medicaid funding to require their workers to be vaccinated so this impacts a huge swath of the population. And i think the administration feels like this is their best shot yet to reach a bunch of the people who have still resisted vaccines now of course because this show is called. Can he do that. I have to ask you this question straightaway. How can he do this. He's using executive orders. But how much power does that really give him. So the government does seem to have this authority and most legal experts think. They're likely to prevail in any legal challenges. This executive order will face which we already know are likely to
The Justice Department Moves to Block the Purdue Pharma Sackler Bankruptcy Deal
"Justice department is appealing a controversial bankruptcy. Deal for drugmaker. Purdue pharma the company produces the opioid oxycontin. The justice department wants the settlement to be put on hold until legal challenges or settled. Npr's brian man has more justice. Department officials have repeatedly blasted one provision of this plan that grants immunity from opioid lawsuits to members of the sackler family who owned the drug company. The sackler have agreed to pay roughly four point. Three billion dollars as part of the deal in court documents made public early thursday morning. The doj asked for a temporary halt on implementation of the bankruptcy plan including payouts of any money while the appeal is being heard the justice department. Also ask for expedited hearings maryland washington state and washington. Dc have also appealed the purdue pharma bankruptcy supporters of the plan approved earlier this month say it will fund desperately needed drug treatment programs at a time when overdose deaths are
Apple Fitness+ Is Coming to 15 New Countries With New Types of Workouts
"I said yesterday that today. We had some of apple's other tuesday announcements you know the things they announced both our services related i. The company has adding workouts functionality. And more countries to apple plus a piece from tech crunch runs us through that on the new workouts. The p. says apple is adding pilot as a collection of workouts. Meant to get folks ready for snow season than winter sports. And they're adding guided. Meditation every day says tech. Crunch fitness plus will add guided meditations that focus on gratitude. Mindfulness and calming these experiences will be available in both video and audio form and could pose competition to apps like head. Space and call
Re-using Your Entrepreneurial Skills to Build Amazing New Businesses with Doug Goldstein
"One thing that i admire about you as a you do a great job. Leveraging virtual team members to create not old but new income streams so for fire nation. Share some examples of how you've done this most recently. I was thinking about this concept of gratitude. And in fact john i will tell you again. You inspired me. Yes you've been a journal or for many many years you manage spoken about and you got people going. I like a certain. Take on it. That i thought was different. Which was i thought that the concept of constant happiness was something that people should be talking about. My concern was people would write in their journal once a week twice a week when tonight and i wanted i believe that by by writing in a journal about your your the things. You're grateful for that's how you're going to develop happiness so this was my idea and i decided you know i wanna share this with people and i experimented frank bay experiment that i myself a lot and then i said i'm going to make this happen. What resources do i have so having now been an entrepreneur for thirty years. My day job is that i'm an investment advisor but i've done a lot of a lot of other entrepreneurial things let's say frequently around books but but the book is just the platform that i can launch an idea so i said i'm gonna write the constant happiness gratitude journal. But who do. I have to help me and i have a whole list of people. I've got my video guy who was able to make fantastic videos about it. I have all my five or and upward people and of course using and finding new ones. There was fantastic. You know attacked john. When i wanted to do the internal layout for the book i said i'm just gonna hire to interior layout companies and see which one i like best. Ooh just the idea that. I was able to to have people around me. Who would be able to help me do everything that i shouldn't be doing. That's an eye opener. And i mean you've spoken to many entrepreneurs and you know it's so hard for them to give away the work because they think only i can really do the layout because i understand the cover design or the writing the editing and that's just not true every the best entrepreneurs focus on one thing that they do
Canadian Pacific Reaches $27 Billion Deal to Buy Kansas City Southern
"Major railway companies are coming together in a historic new deal canadian pacific railway but kansas city southern for more than twenty seven billion dollars. If the deal is approved it will be the first major merger in the industry in about two decades. It will create the first freight railroad that links canada. The us and mexico. Canadian pacific already plays a key role in north american trade beginning. Kansas city southern was big because it plays a big part in trade with mexico. The trains bring auto and other industrial products from mexico into the us and they bring american farm goods back to mexico. Once the railways are merged. The new company will be named canadian pacific kansas city and it plans to bring on another twenty thousand employees but regulators still have to give the okay and those reviews could last until the end of next
Arizona Becomes First State to Sue Biden Administration Over Vaccine Mandates
"Is now the first state to sue the biden administration over cove nineteen vaccine mandates. Remember as part of a larger plan to fight the pandemic and the delta variants the white house announced a new mandate coming soon. It says all companies with one hundred or more employees must require workers either be vaccinated or get weekly kovic testing businesses. That don't could face thousands of dollars in fines. Well arizona's attorney general calls that unconstitutional and filed the lawsuit. He argues the plan discriminates against us citizens since undocumented migrants detained at the border are not required to get vaccinated other republicans have also questioned. The legality of such a massive medical mandate for now at least president biden is not backing down. He met with top execs. From companies like microsoft disney and walgreens. It was an effort to highlight companies. Who have already required employees get vaccinated and some were workers. Get the shots because of it
What Is the Legal Rationale for Biden's COVID-19 Vaccine Mandate
"Gap best vaccine mandate has taken effect. You listeners have to get vaccinated or else you have to listen to me. Spin out stephen. Breyer fantasia every day. That's gonna be. The new mandate from the vest after shunning mandates. For months president biden has announced a broad mandate. So he's requiring federal employees and contractors to get vaccinated. He's also requiring healthcare workers at federally funded institutions get vaccinated and he has had osha. The occupational safety and health administration come up with a rule that will require companies that have more than one hundred workers to demand vaccination or weekly testing in order to protect the workplace health and safety of other employees. there he also doubled fines on people who violate math mandates on things like airplanes so emily. It's pretty clear that this mandate on federal workers and those on federally funded health clinics legal straight up. No problem i mean people may not like it seems like biden can do it. What is the legal rationale for the mandate on large employers. The legal rationale for the mandate is that the federal government through osha through. It's occupational health and safety powers sets tons of rules for workplaces. There are plenty of other vaccine. Mandates out there in the united states in schools and at work and lots of other conditions that the government sets for employers and employees to follow and so the biden administration wants to see this as kind of routine use of its powers in that domain and there is some precedent for this but this is also in its scope and its sweep and introducing a new vaccine pretty unprecedented and so i expect legal challenges to binds vaccine conditions. Once this rule is finalized.
Biden Meets With CEOs and Business Leaders on COVID-19
"President biden met with ceos from disney microsoft walgreens and other companies at the white house to discuss the cove in nineteen mandates. His administration plans to put into effect for companies with one hundred employees or more on the look forward to working together to beat this pandemic keep our economy growing and growing strong. Many companies already have their own plans in place but biden's announcement last week has been met with mixed reactions from the business community and the plan is also facing legal challenges from republican governors. Twenty me now with more on sentiment around the mandates is wall street journal white house reporter. Sabrina siddiqi hi sabrina. Thanks for being here. Thanks for having me so sabrina. Despite criticism of this mandate president biden has been strongly defending it. so let's start with businesses. Who are on board. What have you been hearing from the ceos of those companies abou- why they're choosing to go along with the president's plan. Well it's interesting. Because i spoke with the ceo of columbia. Sports where tim boyle and he said that the company had actually been debating internally whether or not to have more strict vaccination requirements they had just been encouraging employees to get vaccinated but didn't make it a mandate or a requirement of any kind and. He said that part of a concern about requirements was that employees who did not want to get vaccinated. Might just go seek employment elsewhere and so what the columbia sportswear ceo. Tim boyle said was now that the president is creating a standard across all businesses with more than one hundred employees. It kind of levels the playing field and so employees will know that this is actually going to be a requirement across the board and not just at their place of
3 Former US Officials Charged in UAE Hacking Scheme
"Three former US military and intelligence officials have admitted to helping the United Arab Emirates based company hack into computers in the US and around the world the defendants are accused of providing sophisticated computer hacking technology to the company that conducted hacking operations on behalf of the UAE governments the three men agreed to pay nearly one point seven million dollars to resolve criminal charges and agreement that the justice department described as the first of its kind the case is an example of what appears to be a growing trend in X. U. S. intelligence officials being hard approach to bolster the spike off to foreign governments a practice officials have said risk facing US secrets I'm Karen Shamus
Tom Wheaton, Founder of FadedSpade & Above the Felt, Shares What He's Up To
"Tom local back onto. Cpg sir it's been awhile while. Ben what's up brad. Do my thing chasing poker greatness as the title of the show is i guess and it's been a whirlwind few months last man but i appreciate the invite back. So what kind of poker greatness you've been chasing in this world wind of a few months last time you're on you know you talk about your new agency above the and there's more things have been added to your plate since then. Yes it's pretty wild man. So let's see how have i been chasing over greatness. Let's see on the poker side actually started playing live tournaments again We'll talk about that later but Getting into some of these world poker tour main main tour events has been something. I've really aspired to over the last few years Since i started my actual poker training back again and Was fortunate in fortunate enough this year to have a deep run at the w. p. t. seminal hardrock tournament Finishing thirtieth out of like twenty five hundred or something so it was like the great experience to get that deep. You know inexperienced that. Because i've never been that deep you know And it's a different ballgame and So that was great. I'm gonna fire up a few more here in the next couple of months with world poker tour with online Which we'll talk about. And then also you know for the waso p coming up on the business side. Man is trying to faded spade as much as i can. Try to grow the agency. Which is is ahead of where i thought it would be and the team would be. I told you that tom i could've told you that. The demand is going to be much higher. I think when you as soon as you were describing the idea to me. I was like this makes sense and this giant need in the industry. It's a slow and steady. But it's like it's it's password. I thought it would be after six months. And thanks for saying that man And through that work with the agency A couple of really great things have happened. So one offer darren elias. Who was part of above the felt from a talent perspective. We worked out a deal for him where he is becoming the brand ambassador of the party poker. Us network which. I know you asked me what is that. And we'll get into that and then while that was all going on. You know some of the relationships i built with the people during that process They've asked me to come be a poker marketing consultant for them over the next foreseeable future. And you know help them. What is happening here. Marketing team basically. What they're asking me to do is asked me to come in and craft all new strategic marketing plans for the party poker. us network which is forgot poker online plus bet. Mgm poker plus party poker new jersey in new jersey right then in pennsylvania. You've got mgm poker and borgata poker online in pennsylvania and michigan. You've got mgm poker. And all of that together is known as the party. Poker us network. The parent company is bet mgm. So they're asking me to come in and help support their team and develop some new marketing plans in terms of how they expand in those markets. They go to him. Why the dan what what they told me is when they realize like my corporate marketing leadership background in terms of doing this type of like leadership executive work In like the hotel resort industry and technology industry. And then i think they liked the fact that there was a blend of all this entrepreneurial experience and the poker industry over the last four years and i think just how got along during the discussions about bringing darren on as a brand ambassador. I think that all came together. And they were transparent with me and said you know we have this need the company and rethink. You could fill it. And i said you know what i would love to have that experience with you guys and let's talk about making that
How To Create Your Own ROI-Driven B2B Content Strategy
"Live in a more distributed world because everybody was forced into their house. It's a more digital age to talk to me about how that is impact. The creation of content and how people are staffing out their content production teams definitely so personally for autho didn't affect us a whole lot and that's because one of the drums banging for a while that i think like the rest of the world has kind of had to light. Come up wake up to a hard way is that i think more marketers sent a focus on like creativity and ingenuity and those things are good because it comes more natural to those types of people. But i think that they need to be more process oriented. And i think about operations kinda hat or the operations might set something that's often lacking and so what i mean by. That is the way we think of content seo and all. This stop is a huge factory. Right where you have. It's like a manufacturing process where you have specialized roles and you have an seo person or a strategy person working with a writer who's also working with an editor who's also working with an account manager designer. And he's i since collaborating a synchronous -ly across time zones and everything else and until you have that infrastructure built outs you're gonna struggle hitting both quality and scale meeting. Most people like for example companies can find one good writer but they can't find like hundred writers or they can't they do ten articles. A month of began do one hundred articles a month and so usually one of those things breakdown when you try to hit longer. Bigger scale usually quality starts to drop. And that's usually an indication of you don't have the processes and figured out you have the team and infrastructure figured out
Why Your Friends Should Be One of Your Primary Growth Drivers
"Your friend should be lifting you up. Not pushing you down. Your friend should be inspiring you to get better. Your friends should have your back but also be willing to challenge your face. You know what i'm saying like your friends are and should be one of your primary growth drivers in life. Most people choose ambitious goals to be their growth driver. Or i'm going do something. That's hard or i'm going to try to achieve this amazing thing. I'm trying to become a millionaire or make this difference or build this company or you know have this type of family and it's this external climb this thing they're trying to achieve and too many people forget it's like actually one of the best drivers of growth isn't your job isn't your goals. It's your friendship circle and your circles. Make you a more alive deeper. Caring thoughtful authentic person in the world. I'm telling you what guess what at work you're better at home. You're better your art. Gets better your sense of life lifts and so in studying this work deeply over the years and recognizing how many people are entrepreneurs high achievers people who are trying to make great impact in the world. You're here today and sometimes that journey can't feel very lonely or when you get to the top it can feel lonely. They say. And i'm like i kind of believe what my friend brian tracy and mentor said to me. One time he said if it's lonely at the top you did it wrong
How Agile Can Change How Marketers Think, Work, and Succeed
"We've danced a little around the idea of agile marketing. Maybe you can take a step back. And i don't want you to dumb it down. But i'd like you to explain or define. What is agile marketing. And what's the difference between agile marketing and the way that we currently many companies currently do marketing so to start with very. I'm gonna make it simple because we can carried office in the nomenclature and then here that with really down that rabbit hole. It really is a better organizational effectiveness in. I like to call it. Modern marketing management simplest way. To think about it is that it's the ability to change the way that we think that we were in that we share and we get to creating that highest customer value power is mentioned in in the mindset values and the volt enough the core everything about the swot analysis again it really quits position of building new internal strength and then take Disease new opportunities put in this way. It at leader changes its transformative. Because it changed our beliefs again about how we move from selling more servicing our customers Change our behaviors in terms of looking at the highest value that we can create and produce market and learn from immediately and the actions of you take also are transformative in terms of being more empirical more iterative and again more transparent in what we're doing and an howard driving value and then how we're looking at ourselves to continuously improve thing or something a lot of work Sometimes it works sometimes. It doesn't we need to kind of bring that as an inch people what we do how we go about it and how we're learning long way. I think there's this notion that marketing is just the you know the arts and crafts under department covering between the lines words on things we talk about stuff and metrics that nobody else cares for marketing. I think this is our chance to really start to marry up where we come from and where we find ourselves with digital and really put the stamp of business strategy and and business comes on
"first companies" Discussed on Front Burner
"I wanna talk a little bit more about The experiences that other tenants had in just a minute sydney. I also understand that. Northview provides public housing as well an inconvenience. Tony me how that works. Yeah so north. You has many public. Housing tenants like furner who we heard of at the top through these agreements with the northwest territories housing corporation. Which is the territory's public housing agency. So in these cases north you is the building owner and they rent units to the territory's housing corporation which in turn rents these units to public housing tenants. The hosing corporation rents around one hundred twenty units from northview in yellowknife and another forty six in new vic and this actually amounts to eighty seven percent of housing corporations residential. Lisa's m- okay. Wow so now that we have a sense of the role that these guys play in the rental market sydney. I wonder if you could take me through. Some of the criticisms you've been hearing so so at the top we heard from verna about these really challenging conditions that she's living in an and what did other tenants tell you yes. We spoke to sixteen current and recent north. You tenants on the phone. Zoom and in person. We talked to nine others over facebook in email and a lot of them shared the same complaints. We heard about water damage heating issues. Filthy common areas like the list goes on. I spoke with george lazard. Who said that in his his apartment kept flooding after rainstorms and he said during power outages at the key fob system to get into the building would fail so effectively locked him out and in yellowknife power. Outages aren't an uncommon thing. You know and this can be a really big problem in the winter when it's really really cold I also spoke with a woman named julian. Norman dn. She's a single mom. To a toddler she lives in a townhouse in northview conflicts called bison estates and last year. She said the parking lot was just fully coated in ice and she slipped and fell numerous times one time she found while she was holding her sleeping daughter and she went to the hospital because she thought she broke her arm And you know. I visited julie. Add her apartment this summer and the night before i came someone had thrown a chunk of concrete through her daughter's bedroom window shattered the glass. In north. you boarded up the window from the outside but she told me they didn't fix the shattered glass for more than two weeks. And so you know. That's julie's experience. Did you hear from from other tenants about what happens when they bring concerns to northview. How did they say that. North you response. Yes so a lot of tenants said that not much happens or like northview will make these superficial fixes but the problems just keep cropping up In north you also made a policy during the pandemic that it would only deal with what they called. Emergency work orders and julie for example. Who fell with her daughter. She told northview about the ice in front of her building and she said nothing was done about it. Like they didn't throw gravel down or anything and yeah and it's even more complicated for verna and other public housing tenants. I spoke to because technically she's supposed to bring maintenance issues to the housing authority. I like bernez told me that her windows been broken for many years. She's had you know heating and electrical issues for years but she says she's complained to everyone and no one is helping her complaining. And i'm just a headache. I went through housing narrowed letters to housing to them. Especially about my. I have a problem and have you put any of these complaints directly to north you. What did they say about it. North told us that they don't comment on individual tenants matters but they did say that since two thousand fifteen they've invested more than fifty eight million dollars in the north end that they strive for one hundred percent tenant satisfaction one hundred percent of the time but they recognize that there will always be issues to resolve.
"first companies" Discussed on Marketing Secrets
"The more traditional where you idea you get a bunch of investors you raise money and then you go and you create something cool. I hate that way as you know. So we are the bruce chapter way. Which is like chris. Something amazing and then create fronted offers self liquidating to bring customers in and then you know. That's that's the bootstrap model. We've been doing that. I love but there's other ways to grow businesses. Well and this is why i wanted to talk about because this has been something really really interesting to us and i'm not going to share all the stats the numbers and all kind of stuff partially off. I'm legally allowed to partially. Because i don't know the numbers i was involved with all the the day to day because i'm no longer the ceo. Dave did all. The work is had signed a million times. So i wanted to give you some structural concepts of through that. Were really cool for me. So part of my understanding this dates back to about a decade ago. I was actually the mastermind meeting in in mexico and sitting next to this dude and he different kind of business person than me right. Like i'm like star guy. Started business grow at scale at launch. All kind of stuff where he was like. He's he told me that. I'm not an you stuff. It's amazing i'm a i'm in mergers and acquisitions and i think he had. He had bought like sixty or seventy businesses and bought and sold and made a ton of money and so trying to understand about my senior started businesses. Like no you guys do that. That's the way too hard. He's like i find entrepreneurs like you. He's like we understand. He's like probably to mess with these numbers. But this is just illustration purposes right. He said he said if you look at your businesses right he's get a certain level of say you're like three million dollars. He's like you're only going to sell frankie three x multiple right. So maybe you'll get nine million for it. He's like but at ten million dollars you'll sell for a five x tax multiple. Whatever it is right. I don't know that like the explaining. Okay he's like right now like you say your company's making three million dollars like best case you're going gonna get three x. It's probably closer to three x net. But anyway regardless of what i do i find three or four. Companies are east doing three million dollars a year and they're each valued at three x. Let's say he's like an eye by all four of them are all three of the four companies three million each them together now now because the revenue of this new company is now twelve million dollars. He's like i can sell that. I bought it for three expert. But i can sell now for six x for ten x whatever it is is they got so i do. I just find a market. I want to be in. I find three companies that are. They're selling it three x. I by all three of them. I bundle them together now. They're worth five or six or whatever it is and they flip them he's he. That's my business. He's like so. I these entrepreneurs like you guys who were geniuses. We'll start launch these businesses. And i just come into the acquisition guy acquire three or four of you bundling together value. Goes up because of how much more you're worth. And that's that was his business and i was like. Oh my gosh this is crazy. So it's been interesting over the last twelve months or so we've been clicked. I understand like what our evaluations. How did things work like. What are we actually worth. You know my head wars ten billion but we're probably not in real life and so it's interesting because you know there's anyway valuation because there's tons of ways like some companies value. We'd off top line some de summer off whatever but let's just say for For example is to say. Quick funnels is worth ten. X are eba right. And i don't even know what that is say. It's fifty million dollars. So that means fifty million times ten would be worth half a billion right so bias acquiring company. Let's say that company has twenty million dollars to right so we message these numbers in my head but regardless say we spend spend twenty thirty forty fifty million dollars but we buy it we plug it in. But then the eba. Let's say let's say the they had is worth twenty million dollars right. We plug that into our thing. It increases our twenty million dollars tons of ten evaluations. Two hundred million. Maybe spend whatever forty fifty million dollars in this thing but the value instantly ask for a company is one hundred two hundred million whatever it is right instantly just by bundling. The two companies together are value. Goes up way more than what we actually spent for it. So that's like the first thing that's really really interesting that i'd never considered. We started doing deal right and say oh my gosh. Even if like we'd never make our money back the value of our company dramatically goes up because we're adding all their revenues and their profits to our bottomline which is fascinating and then from there we also get the customer flow in the league flow and the cash flow and like all the other things that they come with with building a company or buying companies. Well and it's just. The synergy is really really interesting so anyway so that was our first acquisition and finishing the process. We literally finished it today. Which is crazy. Got me excited. Start thinking okay. What other deals are that where we can buy company for x. dollars we plug it into our our beasts machine and it instantly whatever x. is the value of our company but then also get lead flow customer flow cashflow. All of their things as well. It can come in and it's really interesting and fascinating so anyway just a different way to look at business that i wanted to kinda share with you guys. Because i've already had a lot of people like why are you buying a business. Why would you why would you. You know all the things that kind of come with that. And i want to show that because it's just a different perspective. I hadn't thought a lot about prior ten years ago when i met my merger and acquisition guy and so i would look that guys own businesses. Well i think about it is their business in your market you could. You could acquire that you could bundle together. Also now you get more customers. You get more traffic but also you're adding to your cash flow right like you. Buy company doubles your cash flow and now increases the value company. Because now you're in a different. A different bracket of what businesses are selling for trading for that number. And then you know kind of goes from there so anyway. The interesting games different game than i'm used to play. I'm much more comfortable in the whole like with bill the company and grow skillet through paid ads in organically without taking on nbc money. I understand in this new one like mergers and acquisitions is fascinating to me. Because it's going to get to our goals way faster. You know my goal. We've talked about a lot. My goal billion dollar valuation. My goals you know take over the world changed the world all these different things right and it's just getting there faster. Hopefully i mean honestly. I might thirty minutes into owning this new company and i have no idea maybe laci turned out really bad. Maybe things fall apart. I don't know we're gonna find out. But i'm hopeful i'm excited. I think it's going to be really cool opportunity. And so as we move forward. I will show share with asthma podcasts. You behind the scenes of what we're doing when i'm able to talk more about the companies and how they're synergistic and how are using the leave flow and how we're using their funnels that we're acquiring how we're using us in the back end and how we're just all the the other fun things mostly in my head. A lot of it's not vague. I know no vision of where i'm going with things. But we're going to be actually executing on it and i'll be sharing the vision with my team with everybody over next a little bit and it's exciting. It's a fun fun. Time to be live so we hope you guys this up so just gets you thinking a little bit differently. Who could you choir. And if not acquiring also licensing. There's three or four deals right now. We're we're we're we're going to sink. Companies have really good content or software things and instead of requiring them out because they don't have the customers or maybe you don't have the lead flow or maybe whatever there's a million reasons why instead of just doing licensing deals where licensing the technology and plug it in and then we can start selling or licensing their intellectual property licensing things like. There's there's a lot more fun ways to grow businesses than just the traditional stuff so anyway. I'm curious incident years which one more information about us buying companies like more about licensing late. We'll be the things you would want me to go deeper on. I love to let me know best way to actually take a snapshot of this podcast episode post on instagram or facebook and tag me in it and then post the what else you like to know what it'd be other things that you'd love to hear more about some anyway. Hope it helps go bounce and have some lunch and celebrate the acquisition american company and excited just want to celebrate with you guys right now and help you understand the reasons why and likes it over the next few months. Now that you know about it. I can give you more gives you native context. I can share more the inside details and other.
"first companies" Discussed on Venture Stories
"first companies" Discussed on Venture Stories
"What is an ai. I company of what is the most decisive. What you think about framing it. The most concise ways annoyingly W-we at that. As i companies is a company that puts a s. But really this is part of the reason. I wrote the book People are starting to understand the imperative to care about. Ai they reading about it so much and hearing just how powerful it is that they don't really know how to bring that into the day to day whether they're you know a line manager company wants to get a promotion whether there's someone running a family business whether starting company the startup otherwise you people don't really know how to bring it into practice and this is why cold at the actress company because i wanted to create this imperative to put a guy fest. What does that mean. It means putting first when you're having your initial conversations about what the next product we gonna build his the next pessimist higher in a what's out policy for x. It's how you price products every conversation. You have at a business. Every day can have an annual on it which helps you ultimately develop a company with this really powerful competitive advantage that gives you and this book teaches people had to have those conversations gives the the vocabulary to have those conversations etc and so to wrap up. That's what an actress company is a company that puts the considerations around a. I had get data had faded into predictive models and how to develop a system that automatically gets better of time. It's a company that puts those considerations into the compensation la so they can build a real a- system that develops competitive advantage themselves rather than just try to sprinkle it on
"first companies" Discussed on The Journal.
"first companies" Discussed on The Journal.
"Coming up on the show. The story behind one company. That's part of a massive effort to bring the lithium market back to the us. These days we are all craving a little extra help when it comes to bringing out our best. That's where the all new adidas ultra boost. Twenty-one renting shoot comes in superior cushioning high quality comfort and best of all as she recharges you with a leading energy return experience high energy and learn more about the ultra boost. Twenty one at.
"first companies" Discussed on The Journal.
"The past few months reporters. Scott patterson has been talking to a geologist named lamont leatherman us sort of thinking is the ideal of sorta grizzled geologists is a tall guy wiry and a lot of fun to be around. He's funny lamont. Leatherman story starts around two thousand nine. He worked in gold mining and after the financial crisis. Gold wasn't doing that. Well and lamont was in a conference in toronto and you know it was dead. There's no excitement about anything except for this. One speaker there who was talking about lithium and the room was packed. He says and everybody was really excited about lithium and he's just thought lithium it will. Why is that such a big deal. It was a big deal because lithium makes a lot of the modern world work. It's a key ingredient in these rechargeable batteries. That are used in everything from your cell phone to gadgets in your house but mainly the big driver of demand in the next decade is gonna come from electric vehicles. Leatherman left that conference convinced that electric vehicles would cause.
"first companies" Discussed on The Journal.
"This episode of the journal is brought to you by nerd tech. od t remigia pant seventy five milligrams learn more about one dose neurotic obt at ner tech dot com. There are two men at the center of this drama billionaire. Number one is five pleasure right now to introduce a guy who also doesn't really need an introduction carl icahn and billionaire number two ladies and gentlemen please welcome founder and ceo of pershing square capital management. Mr bill ackman so to start their two of the most famous investors on wall street. Two of the biggest they both do a kind of investing we call activism which means they buy stakes in a company and try to change its future. Essentially carl icahn has been doing this sense. The nineteen sixties. He kind of came up through the old days where they did a lot of corporate rating and he was famous for taking over twa the airline and has sort of survived throughout the years as being this guy who shows up at your company doorstep. And i think he wouldn't even object to this kind of bullies you into doing what he wants to be done. And what about the other billionaire. Bill ackman so bill. Ackman is a younger version of carl. Icahn i think is the best way to put it. He is a brash. Very successful investor. Who is head huge wins and some big losses at the time. When this all started he was near the top of the list of activists investors. What drives them. What are they like as personalities. What drives them. Both is an incredible desire to be the best investor probably ever. They are uber competitive And in case you missed it. No they're not friends. They are not francis in their enemies. This this this goes back. It goes back to two thousand and three and like a lot of old beefs. This one's about money bill. Ackman sold carl icahn a real estate investment. There was a dispute over the terms acme icon owed them money icon said nope and they wound up in court fighting over who a few million dollars in the end. Ackman one that court fight. But i never forgave him and as the years went on they both sort of stood over this quietly as they developed into the prominent activists of the day. They may have just gone on doing quietly. Except for that nutritional shake company herbalife so herbalife is at this point in two thousand twelve a relatively little known. I think it's fair to say nutritional company. My sister introduced me to. I started drinking the protein shakes she. How many plan now and more balanced. I lost forty pounds. Most famous product is a protein. Shake have you ever had one. I have indeed. You spend so many years reporting on. You're going to try to shake at some point and it's a protein shake fine. It does not taste whatever flavor they claim it tastes but no protein shake does more interesting and more controversial than the shakes is. How herbalife sells them. Herbalife is what's known as a multilevel marketing company. That means it doesn't sell its product in your grocery store or at gnc or even online. You can't go to herbalife dot com by six. The only way to buy an herbalife shake is from a person and herbalife distributor and anyone can sign up to be an herbalife distributor. They buy shakes from the company at a discount and sell them to customers for a profit but as a multi level marketing company. There's another way. Herbalife distributors can make money by signing up new people to be herbalife distributors. And what that means is you could sign up ten people and be collecting commission on every shake they sell to someone else for several layers this to happen and herbalife made all these videos and they'd host these big events and bring people in showing how this was a great american get rich scheme all it took was signing up some people to sell some herbalife shakes. That was the business model but one day one of those billionaires the younger one bill ackman saw a report. There is this research report that was floating around wall street. That suggested that herbalife was a pyramid scheme to some people on wall street. Herb life's multilevel marketing model. Looked a lot like a pyramid. The people at the top of the pyramid the original shake sellers could make big money but the people at the bottom didn't make much money at all or even lost money and that kind of pyramid can be illegal. Ackman took that research report and spent a bunch of time doing his own work as firm looking into it in investigating it in. That is what led to him. Making that i okay so we've got a lot to cover today so we're gonna move pretty quickly. So it's december twenty twelve ackman auditorium brings in the press springs and other investors. It gets broadcast on cnbc and he gets on stage. Puts up a sign that says who wants to be a millionaire and then bill ackman made his big announcement. He placed a massive bet against herbalife. He was shorting the company to the tune of one billion dollars. We are short. The stock of relied stock goes down. We make money voice. Stock goes up. We lose money. Just how big is a billion dollar short that is gigantic short. Probably among the biggest we've ever seen normally shorts are quietly made and people. Don't talk about them. You don't have to disclose a short position very rarely. Have we seen a billion dollars be put into an investment like this in almost never have. We seen someone come out publicly. Say i am short. This company with a billion dollars in his whole argument is that the government is going to come in and shut this company down our targeted price zero because we think the business will fail. The investment is going to go to zero. He says he calls it a sure thing. He says it will happen. How did herbalife respond to all of this. They adamantly denied ever appeared scheme they said. This is all untrue. All false information or outdated that there are no problems. And how did that go down. With investors the stock tumbled pretty sharply on this ackman made a compelling case. It seemed that day that he would be right that they are going to fail. But there was one person. Ackman hadn't factored into his calculations his old nemesis. Carl icahn breaking news regarding carl icahn and a new stake in herbalife about a month after bill ackman and makes his announcement. Carl icahn starts investing in life. So if i it's just a small investment. But over the years he opted in update update again and he became their biggest investor by far with multiple seats on their carl icahn now adding two members to the board of herbalife and can own twenty five percent of this company. I'm telling you. This is one of the great wall street ego hedge fund titan battles of all time guess dramatic enough now get icon was making the opposite bette from ackman. He was.
"first companies" Discussed on The Bio Report
"With your product. Absolutely breakage is probably one of those obvious problems with glass we We mold this out of a very tough and resilient palmer. It's it's medical grade but it has a tremendous impact resistance and they're obviously you know for instance if you're Many drugs or freeze dried the the frozen. Why did they do that. Because the drugs Basically don't have a very long shelf life in a in a water base formulation so they're frozen and And you know that can be a problem. Obviously in a glass container in if if One by were to shatter in batch you basically contaminate that entire batch and that's a obviously a huge law company for the pharmaceutical company Ours will break. We've done studies where we done. Freeze dried drug products in vials versus glass and break A very specific application but Dropper all you can you can. Our owner likes to throw vowels against the wall just to show how tough they are on the dick crew. But it's very visual and people understand that That this stuff does not make a what type of regulatory review if any do these containers have to go through. They go through. I mean the the normal regulatory reviews that any other of violence on his. There's obviously other manufacturers of vials. Not and it's pretty rigorous. Obviously you have to ensure That you need all of the compendium guidelines and there are many To address things like Anything extracting or leaching from your your container into the drug product yet to ensure that there's no toxicity concerns Or any compatibility concerns and and again those are all tied up in the many tasks that At the expects when you When you go to apply for For for the ability to sell the product as you mentioned earlier in june the company secured a hundred and forty three million dollar. Us government contract to scallop and advance this platform for vaccines. What is this meant to. The company may have indicated before it's quite a privilege really For us to be able to play a significant role in In this pandemic tonight you know. I think you know as you said appropriately. Most people are back scene and And certainly the packaging is somewhat of a secondary consideration but it's albeit a very important one and We've spent yeah obviously alani years of lot of money to develop something that we think is superior and simply better and The the covid pandemic is is tremendous opportunity for us. I mean are each one of our. I'm really proud. And has a a sense of purpose everyday when they come in To work because they know these are going to The folks that are making these very viable vaccines and is going to hopefully. Obviously inoculate The population the masses From this horrendous virus so yeah. I think everybody comes in every with an extreme sense of purpose and Very excited to see a shipments of aisles. Go out to our customers I i mentioned madonna being one of those to be a recipient of of tens of millions of dollars already and i imagine. It's not just purpose but urgency. You're feeling You mentioned some of the expansion. You're doing but how quickly are you able to ramp up. And and how many vials do you need to produce. Here year there are many many companies. you know i think in count one hand how many companies are developing new new vaccines and And there are going to be more calm without question so we've said before we started With a capacity about you know Or so million per year and within a few months we're able to ramp up to Around hundred four hundred fifty million miles per year now remember each vial is a is a multi does vile meaning. You have multiple doses in in each vial. So you know so. Our our goal by the end of the year is to address around two hundred million doses for for the vaccine and then next year will be doing that. Even ten ten twenty fold so the ramp up is pretty aggressive. We have people working day and night. Auditor to address the so. Yes the urgency is there and we feel it's and And it's It's all hands on deck right now until we get all the vials out that we need to address All the studies. They're going on for for drugs. That are vaccines in development as well as for for those vaccines that will be distributed to analysis. And how does this fit into the broader business of to and and do you think this is going to have lasting impacts on the way life sciences companies view. Their containers were obviously very excited about arts technology. I'm equally excited about many of these companies that are developing these new vaccines and they were. They were already working on these. For instance you know the the messenger. Ornate technology was worked on prior to even uttering the word of it so they were they addressing and developing this technology for a whole host of ailments and obviously the pandemic things shifted a very quickly over to addressing this particular this particular virus. And so i think once this is addressed. of course they're going to shift their attention back over to all these other diseases using messenger. Arnie technology and we're going to be there for them. And and i think the union this is we will have already proven and show that. Our technology works with this vaccine. I mean that's we've done a lot of studies already and i think We're going to be a natural companies is to provide these other other you know vaccines and biologics that are under development and will be commercialized in your future risk. Why guard head of scientific affairs. Cheap scientists for seo to material science. Chris thanks so much for your time today. Thank you the pleasure. Thanks for listening. The buyer report is a production of the levin media group to automatically. Download this podcast. Each week subscribe to our rsp. Or through itunes. Or other podcasts manager join our mailing list go to levin media group dot com. We'd love to hear from you if you want to drop us a line or interested in sponsoring this podcast. Send email to danny. At levin media group dotcom special facts to levin who opposed our teams and the jon levin collective which performs.
"first companies" Discussed on The Bio Report
"Chris thanks for joining us dan. It's a pleasure to be here. We're gonna talk about two of the many logistical challenges vaccine producers face getting their products to patients that your company s i o two material sciences dressing the this involves the vials needed to transport. The vaccines in the syringe is needed to deliver them. Perhaps we can begin with the demand where facing how many vials and syringes are expected to be delivered needed to deliver covid. Nineteen vaccines and. They're a ready supply. Well as you may or may not know. There's obviously a lot of glass that's on the market today supporting <hes>. A variety drug products. And of course the new the new covert <hes> back <hes> endemic is is really accelerated that need and <hes>. And i think you've if you around the internet you'll find that there's <hes>. There indeed a shortage of glass and and certainly the government and and <hes>. And other agencies are looking for alternatives or or at least a a short term <hes>. <hes> for addressing. These needs and we are. We're unique in the fact that <hes>. We can scale up very very quickly and <hes>. We can add additional capacity to address the short-term need this has obviously been infused by government money. We were lucky enough to get a grant from the government <hes>. To the tune of one hundred forty three million dollars <hes> months ago a few months ago. And we've since gone from a capacity of about ten million miles are per year <hes>. to upwards of forty. I'm sorry one hundred forty or or more <hes>. million miles per year and that's a pretty <hes>. Pretty quick a ramp up <hes>. Supply of vials. And we can do that. Because of our technology very difficult for glasmann factors to add that digital capacity in the short term <hes>. Because you got to build a brand new plan and typically that could take one or two years to do that. So we've added taken our plant from ten million to one hundred four hundred fifty million vials per year <hes>. Basically within three or four months. And that's what makes us so attractive to <hes>. To the us government and obviously other other entities that earn just seeing addressing this supply demand for glass. The company lost a line of specialty byles for biological drugs and vaccines at the end of april. You had already entered the pharmaceutical space but efforts to target the vaccine market. Were new to what extent this come response to the covid nineteen pandemic. Well yeah before. Before the summer we were targeting <hes>. Drugs known as biologics. And i think all of us have <hes>. Have no somebody who biologic drug <hes>. Whether it be humira or and brow or or whole variety of other drugs that are on the market for a variety of different ailments and diseases <hes>. So we were. We're in the midst of of <hes>. Supplying <hes> and again ramping up capacity for our customers and we have many in the space but certainly the covid <hes>. Pandemic really changed things for us. In in a very big way. I we could not of of <hes>. A ramped up so quickly without does this massive demand and <hes>. That's really been the motivation for hiring a an additional two hundred fifty additional folks since <hes>. Since summer adding on the oldest additional capacity we bought additional buildings here in auburn alabama. Where we're headquartered in order to to handle this and um we've got contracts with maderna's well as other companies to supply these files this <hes>. The serious endemic wins <hes>. With how significant is the need. And what's the opportunity for the company. Oh it's astronomical obviously it's <hes>. This was a bit of a blessing in disguise for us <hes>. As a as primary patching company for pharmaceutical products. Obviously we really appreciate <hes>. The ability to play a a really significant role in addressing this <hes>. This pandemic in as you indicated we do that but by supplying primary containers whether the vial or syringe to to historian administer the vaccine and <hes>. It is really propelled our business in a big big way. I mean i don't think we could certainly didn't have had no plans of this happening <hes>. Nobody could foresee it last year at this at the same time and <hes>. Our whole focus right now is addressing this short term need and <hes>. And at the same time we're obviously managing all those other customers for <hes>. For variety of other ailments <hes>. With with baligian drugs but this is our primary focus certainly in the next six months to twelve months. This is our primary focus to deliver on this. Are there problems or limitations with traditional glasser plastic containers.
"first companies" Discussed on The Bio Report
"As potential vaccines for covid nineteen approached approval. The focus has been on the safety and efficacy of candidates. Now that vaccines have been approved. Attention has been shifting to the complex logistical challenges of manufacturing distributing and delivering vaccines to patients. The process has opened up visibility. Too many aspects of the supply chain that are usually taken for granted one of those aspects of the violence used to store vaccines and the threat that a shortage of glass bottles could cripple distribution efforts. S i o to material sciences which one hundred and forty three million dollar. Us government contract for vials and syringes is applying semiconductor technology to create plastic containers with a nano coating of glass inside. We spoke to christopher wildcard head of scientific affairs and chief scientist for as i o to material sciences about the considerations that go into a vaccine vial. The technology s i o two is using and why it offers advantages over traditional glass and plastic containers. Chris thanks for joining us dan. It's a pleasure to be here. We're gonna talk about two of the many logistical challenges vaccine producers face getting their products to patients that your company s i o two material sciences dressing the this involves the vials needed to transport. The vaccines in the syringe is needed to deliver them. Perhaps we can begin with the demand where facing how many vials and syringes are expected to be delivered needed to deliver covid. Nineteen vaccines and. They're a ready supply. Well as you may or may not know. There's obviously a lot of glass that's on the market today supporting <hes>. A variety drug products. And of course the new the new covert <hes> back <hes> endemic is is really accelerated that need and <hes>. And i think you've if you around the internet you'll find that there's <hes>. There indeed a shortage of glass and and certainly the government and and <hes>. And other agencies are looking for alternatives or or at least a a short term <hes>. <hes> for addressing. These needs and we are. We're unique in the fact that <hes>. We can scale up very very quickly and <hes>. We can add additional capacity to address the short-term need this has obviously been infused by government money. We were lucky enough to get a grant from the government <hes>. To the tune of one hundred forty three million dollars <hes> months ago a few months ago. And we've since gone from a capacity of about ten million miles are per year <hes>. to upwards of forty. I'm sorry one hundred forty or or more <hes>. million miles per year and that's a pretty <hes>. Pretty quick a ramp up <hes>. Supply of vials. And we can do that. Because of our technology very difficult for glasmann factors to add that digital capacity in the short term <hes>. Because you got to build a brand new plan and typically that could take one or two years to do that. So we've added taken our plant from ten million to one hundred four hundred fifty million vials per year <hes>. Basically within three or four months. And that's what makes us so attractive to <hes>. To the us government and obviously other other entities that earn just seeing addressing this supply demand for glass.
"first companies" Discussed on The Bio Report
"As potential vaccines for covid nineteen approached approval. The focus has been on the safety and efficacy of candidates. Now that vaccines have been approved. Attention has been shifting to the complex logistical challenges of manufacturing distributing and delivering vaccines to patients. The process has opened up visibility. Too many aspects of the supply chain that are usually taken for granted one of those aspects of the violence used to store vaccines and the threat that a shortage of glass bottles could cripple distribution efforts. S i o to material sciences which one hundred and forty three million dollar. Us government contract for vials and syringes is applying semiconductor technology to create plastic containers with a nano coating of glass inside. We spoke to christopher wildcard head of scientific affairs and chief scientist for as i o to material sciences about the considerations that go into a vaccine vial. The technology s i o two is using and why it offers advantages over traditional glass and plastic containers. Chris thanks for joining us dan. It's a pleasure to be here. We're gonna talk about two of the many logistical challenges vaccine producers face getting their products to patients that your company s i o two material sciences dressing the this involves the vials needed to transport. The vaccines in the syringe is needed to deliver them. Perhaps we can begin with the demand where facing how many vials and syringes are expected to be delivered needed to deliver covid. Nineteen vaccines and. They're a ready supply. Well as you may or may not know. There's obviously a lot of glass that's on the market today supporting <hes>. A variety drug products. And of course the new the new covert <hes> back <hes> endemic is is really accelerated that need and <hes>. And i think you've if you around the internet you'll find that there's <hes>. There indeed a shortage of glass and and certainly the government and and <hes>. And other agencies are looking for alternatives or or at least a a short term <hes>. <hes> for addressing. These needs and we are. We're unique in the fact that <hes>. We can scale up very very quickly and <hes>. We can add additional capacity to address the short-term need this has obviously been infused by government money. We were lucky enough to get a grant from the government <hes>. To the tune of one hundred forty three million dollars <hes> months ago a few months ago. And we've since gone from a capacity of about ten million miles are per year <hes>. to upwards of forty. I'm sorry one hundred forty or or more <hes>. million miles per year and that's a pretty <hes>. Pretty quick a ramp up <hes>. Supply of vials. And we can do that. Because of our technology very difficult for glasmann factors to add that digital capacity in the short term <hes>. Because you got to build a brand new plan and typically that could take one or two years to do that. So we've added taken our plant from ten million to one hundred four hundred fifty million vials per year <hes>. Basically within three or four months. And that's what makes us so attractive to <hes>. To the us government and obviously other other entities that earn just seeing addressing this supply demand
"first companies" Discussed on IT Visionaries
"And we are serving this mission in a variety of ways we had the ninety. Nine new, which is an event series in a blog that really focused on creatives executing on their ideas were assist just sort of coming up with more ideas, which is pretty easy for creatives to do. We also had the action method, which was a daily task manager for creative professionals, and then the behalf network, which was the platform to showcase in discover creative work. So we really were serving this mission in a variety of ways and over a course of. Many years in bootstrap fashion years. Later, we ended up raising venture capital from Union Square ventures, and you know the adobe relationship actually transpired quickly after that capital raise. So we'd always had a relationship with adobe in thinking about sort of a stars align acquirer when you're building a start up and sort of perfect match adobe was that for us and we were making the decision to sell the business to adobe and just sort of thinking about this team that we put together this mission that we were serving and coming in as a partner allowed. US to continue to serve the mission in just at a greater scale, an impact to the creative community. So it was a no brainer, and if you think about where adobe was when we were acquired, they were one of the early pioneers making the transition from a box software company to a subscription business, and we were there at that specific inflection point in their business and we were a natural fit..
"first companies" Discussed on Business Wars Daily
"Lately many companies have been extraordinarily vocal in their support of the black lives matter movement, but while some brands offer platitudes and carefully designed Graphics Sephora has promised something more tangible shelf space last Wednesday, the cosmetics retail giant became the first to sign the fifteen percent pledge agreeing to by fifteen percent of its products from businesses owned by black people. The pledge was launched on May, twenty ninth by Aurora James Founder of the sustainable accessories brand brother valleys in an instagram. Instagram Post James called on companies like Walmart Target Barnes and noble and Home Depot to stock products from black businesses. She wrote. We represent fifteen percent of the population, and we need to represent fifteen percent of your shelf space, and while it seems like a good first step Sephora has a long way to go currently just seven of its nearly three hundred brands are from black owned companies to help move the needle. The company is also shifting the focus of its. Program which has traditionally helped women entrepreneurs in cosmetics. Through funding coaching and distribution next year, the program will focus specifically on black owners and founders. Sephora does not currently have a deadline to meet the pledge goal. These efforts come at an important time for black owned businesses which have been hit especially hard by the covid nineteen pandemic, many black business owners said they were shut out of relief provided by the cares act. The Small Business Administration admits that it gave no guidance to lenders to prioritize underserved communities as it. It should have and between February April more than forty percent of black owned businesses closed for good compared to seventeen percent of businesses owned by white people, according to the National Bureau of Economic Research the fifteen percent pledge isn't the only movement to help and highlight black contributions to the economy far from it all over social media, list of businesses are cropping up under the by Black Hashtag. The lists are intended to give greater visibility to black owned businesses both for. For Consumers who want to patronize them, and for retailers hope to give more representative shelf space to black owned businesses among the other companies that have taken up the fifteen percent challenge, our e commerce fashion companies rent the runway and we were that James also told today style, but she's hearing from consumers who are willing to make the pledge in their own lives by how they spend their money. One company that hasn't made the fifteen percent pledge Sephora, rival Ulta, beauty. Beauty, but that doesn't mean. The retailer is opted out of the conversation. Ultra responded to another challenge issued by Sharon shooter founder of Oma beauty and inclusive makeup company shooters pull up or shut up social media campaign asks brands to disclose the number of black employees. They have at the corporate executive. Levels alter responded on instagram. Sharing the just six percent of its corporate associates are black. The company also published a list of thirteen black owned beauty brands. It carries. As more brands publicly state their support for racial equality, it's clear that advocates and consumers are taking know how brand new support for inclusivity will affect their bottom lines however. Has Yet to be seen?
"first companies" Discussed on Marketing School
"I've Eric Su and I'm Neil Patel today we're GonNa talk about how this one ad lost one company. A billion dollars billion with a B.. Neil you know what it is yes so this company is called Pelivan. They're a company that produces treadmills and bicycles. That you can have at home. They have really cool monitors and video lessons and you can work out with other people at your home. It's Kinda like a class environment but just in your home so if you're in the US and you've been to like a soul cycle is just like that but again in your home. Yeah so do you want to go over the Eric. I'll go over the the ad and by the way I mean we are both Peleton users and you know they have a subscription where they can basically help you afford it they help you finance it basically where you can pay like sixty four bucks or whatever are but so I use to bike neil has the treadmill and basically the way Peleton is seen and I've seen friends kind of send me snarky remarks before audits to grab what I post pictures of the workout view or whatever right basically Pelata is seen as something that is 'cause it's an expensive bike it's like twenty five hundred dollars or whatever whatever people see it as something to be used for the privilege or the people that are rich so the ad itself is basically it shows a young woman who's already very fit it and it shows are very nervous to be getting the Peleton as a gift right and it shows like you know her progressing through the year and then at the very end of the year her being very are grateful to her husband for buying Peleton for her and saying how it's changed your life right so the the irony before dive into a little more is that look look she's already fit short looks like she's already well off like very privileged and people are just kind of knocking the ad and because people are like you know if my husband ever bought me a Peleton on bike I would throw it right in the trash because like what it was my husband tried to say so there's a lot of backlash coming from it and basically what happened in that same week was that the the company actually lost a billion dollars in value because they are a publicly traded company so that is what happened so the question Neil is do we really think people people might say that this ad costume billion dollars at the end of the day do we think it's really one ad that drove this and we think the ad was that bad that's the question so what's funny is as for last Christmas about my wife Apollo Tom now the big difference is she was pregnant and she asked me to buy her Peleton. I don't think she needed one. And nor would I ever get my wife exercise equipment and you buy one to not only expensive but I I would never go and despite my wife any exercise equipment a gym pass or anything like that you know dislike. I married her for who she is whether she skinny you are not. I don't really care again. Married her for who she is. But what's funny is. I bought her as I mentioned because she wanted it and funny enough. It's it's been sitting in our living room for almost a technically pretty much a year now and I would say we've probably use it no more than ten times. If that may be fifteen undercounted to buy for discount yet you can buy it for discount on the but when you look at it and you think about this machine gene or even Peleton as a company I don't think the commercials really GonNa hurt their performance. Some people may have opinion saying that sexist. Some people may not. I'm not here to say it is sexist or not. I'm here to more so talk about. If they actually hurt the revenue you can learn about it. I honestly don't think I heard the revenue just like you know how facebook had had all these privacy issues in government hearings and fines didn't really hurt their revenue. They're still growing just because you some backlash it doesn't mean you're not gonNa when I grow any more as she bet what's going to happen from the ad and I know this may sound crazy to some of you. That bad press is getting Peleton more in the limelight. I bet you some people are like. Oh this is what this company does. LemMe buy the product. Yeah I think exactly the same way I think in this case the press is so it might be a little negative but to to me. It's almost more on the neutral side. I don't think it's like really good. I don't think it's really bad either. Actually did end up sharing that added with a couple of people so I think at this point. I think it's positive. Press Press. And by the way if you look at what Peleton's do as a company similar facebook before in the very beginning when they first ipod they're stuck demolished he got destroyed and it was very tumultuous. It's time for them. I remember Amazon was Tumultuous Times in the beginning the way I look at Peleton as a company if you look at where they're going like a right now the users they have even though they're more or affluent because their their product were expensive. The treadmill I think is a couple thousand dollars the bikes a couple of thousand dollars. The have a monthly subscription so they have monthly recurring revenue. This is from a business perspective. They have SAS revenue and their users are actually very sticky. Think about it you pay thirty nine dollars a month instead of paying thirty dollars per class for like a soul cycle which is a spin class and that's a pretty good deal now. The other thing is they have cheaper versions coming out. They're gonNA have a rowing machine coming out that have cheaper bikes coming out. So they are starting like like when you think about Tesla they start what really expensive model first and then they start going to the masses right and so you think about facebook. They started with Harvard. I and they started with elite colleges. College is and then they started branching out from there so the way I look at it Peleton right now the fact that they lost a total value. Recently I'm not an expert stock picker or anything like that but unlike mad if I really likes hello todd has a stock and have you know an investor. That's really looked into it. It might be worth it for the long term. I think I can see them doing amazing things for long term so I do think they lost lost a ton of money. A lot of people claim that Peleton lost the billion dollar market cap because of that Ad. Neil doesn't think so either bill at the end of the day bad had press. Yes it may sound like. It's the end of the world. I've even had bad press in the past some of my previous companies. Technically just one big one I remember I gotTA FTC investigation investigation a class action lawsuit I pass the FTC investigation with flying colors. It was just some journalists. wrote something that was inaccurate they did a retraction but known as a retraction and the class action lawsuit funny enough in America. It's cheaper to sometime. Settled it because insurance pays for the cost versus fighting and winning it. 'cause then you have to pay your own legal fees but even then funny enough. The lawsuit did hurt the company but a lot of the bad press at the same time was also getting new customers customers as well so I've seen it work in a positive way not just a negative way when you get bad press now if you WANNA leverage some creative marketing getting strategies that won't necessarily get you negative press began. Hope you grow in ways that you never thought before checkout marketing school dot baiocco slash. Live Eric doing something. Cool in San Francisco. It's something that probably none of you have ever experienced before and you're gonNA love it so check out marketing school dot io L. Slash live and. It's march eighth and March eighth through all right. See You tomorrow. We appreciate you joining us for this session of Marketing School School be sure to rate review. Subscribe to the show and visit marketing. School dot I o for more resources based on today's topic as well as access to more episodes that that will help you find True Marketing Success Tax Marketing School Dot. Io until next time class dismissed.
"first companies" Discussed on The Bio Report
"Eva. Yes. I just picked after working for ten years dodge company, which was focused on infertility. So I really learned job on both on initial video to Windsor Cyrano. And then with what different would be that. We have a larger pipeline ABC's. I compared to program I think pregnant success was really based on a single drug, which by the way, it was successful. But it was more Hysky. We have here in Obsewrver three drugs Tenneco stage of development, two of them being infused three and one of them having already successfully complete a phase three. So I think the lessons was certainly a Jew a balance to his inevitable for you to sit on since I was probably too. So even more effective in civic than people working to team, and I built on my experience to recruit the right people's among the right people, you've got a CMO who are part of the program team what kind of advantages that to have a team that's worked together before and been successful at renting a product through develop. Approval. I think this is important because. People see when you'll recruits somebody who have one chance of three coaching to run best and one of three to get the right person. What those three to an outstanding person. So I think that beyond technical skills, you need to have the personal security to work with you went to have the same culture way to work, and therefore having seen people with home we were in well and efficiently was of usually an advantage for Seaver. One lead talk about reproductive health. What's the range of conditions that includes? Yes. These are wrench condition which are affecting women frequently. I mean, we have talking about infertility ten thousand of the vision we're talking about and Dimitrios ten percent of the population fiber elites are Solaar proportion of patient above forty and Preterm labor again eight to ten percent of the vision. So they are condition which are not life threatening. But I really pitting quantitive live and before of woman in to peel between puberty and menopause where the the most professionally active. You mentioned infertility ten percent of the population. My impression is that. This has become an increasing problem from global health perspective is infertility worsening understanding of what's driving that. Yes. I think you're very, right. The main issue is the fact that woman dealy h of first pregnancy thirty years ago, the mean age of first pregnancy was twenty two years old. No in not cities is public thirty two years old and the woman fifty to decline at the age of Turkey and actually do thirty seven. So we are facing a society issue. It's not medical issue as the sense, that's more disease leading to did it just aside that issue bringing of life where you have a higher probability of injecting. And that's true worldwide. We see that US. We see that Europe. We see that in China. Now, we see that in Japan. So yes, the is and has to be addressed of medical you went bust. Your we'd product is no Lhasa, which is designed to improve the success of IBM procedures. What What is is in the in the Las? Las? Yes. So known as Benny, San and honest of. The oxytocin receptor. So he's blocking a sceptre for those in which is a natural or driving uterus contraction and juicing blood flow into by enterprising that we make the uterus more relaxed quiescent better fusion, and that's important.
"first companies" Discussed on The Interchange
"Happened not one company not one company came remotely close to meeting there cost targets there was a ton of interesting research and it's still ongoing good science continues i think exxon is continuing it's it's research but we got virtually no bio fuels from the promise of a billion gallons two zero that's pretty staggering miss so in oil prices went back down the dozens of companies in this space all pivoted at once to pharmaceuticals lg they have antimicrobial properties and you know important proteins that can be valuable for pharmaceutical products or even beauty products and some are using their equipment for like fish farms some of shifted to conventional biofuels eric wes off our former editor he has been cataloging the space for a while and he wrote a great piece in two thousand seventeen looking at this this collective pivot and he catalogued at least twenty four companies that have made this shift all within a very short period of time all of whom were making claims about tens of millions of gallons of biofuels so i think that you could argue that this is the single biggest collective pivot based on failure that we've witnessed in this industry so you're not saying this is a failed pivot you're saying that it was failure that caused a pivot yes right 'cause actually the you could i think you could make a pretty strong case that it was a pretty successful pivot in that if these companies had stuck to their original business they would all be out of business today but instead they pivoted into pharmaceuticals and things like that and so they still exist right and actually many of the companies who are making these claims who were around are still around and more of them than i would have imagined right so okay so this is failure driven pivot actually i would make the case that might be one of the most successful pivots then yeah right i interpret both ways for sure right like if you're on the brink of failure and you figure out a way to keep the company alive like good on you that's the that's the best kind of pivot indeed but i think i'm still a little bit bitter about believing some of the claims of these companies and just seeing collectively so many companies tell the public and investors that they were gonna make massive amounts of fuels and none of it to materialize i mean it's it made me reflect inwardly when when all this played out over a course of a few years and that's when i really started become becoming more jaded about company claims yeah i mean i i you that in a very positive light not that the original company claims being wrong was a good thing but you know if you're taking the investor perspective one of the things you care about most is the leadership team and you wanna leadership team that is going to be able to roll with the punches right because there's so much that's unpredictable when you're early stages of business and so you know if it turns out that the technology that you're pursuing is wrong for the market that you're going after but might be right for another market then like the best thing you could look for is is is an executive team that will make that pivot successfully that's the that's the case in which you know i feel like the term pivot is not overused the case in which is overused is where you just say like well we tried this thing and i don't know so you know we pivoted we moved onto this other thing like that you know that's less exciting but the like we had an existential crisis that we were forced to pivot and we did it successfully as great yeah but you could also make the case that investor expectations were shattered and so these companies are doing you know a small business compared to the one hundred million gallons or tens of millions of gallons that they promised and so if you go in as an investor with a set of expectations even if you've made a pivot to a smaller business i would assume that you can feel pretty burned oh that's definitely true yeah no i don't think that the investors in those original businesses are are doing great i mean you know.