Network Business – Scots Beavers http://scotsbeavers.org/ Tue, 14 Sep 2021 23:33:16 +0000 en-US hourly 1 https://wordpress.org/?v=5.8 https://scotsbeavers.org/wp-content/uploads/2021/06/icon-4.png Network Business – Scots Beavers http://scotsbeavers.org/ 32 32 Logistics start-up Stord raises $ 90 million in round led by Kleiner Perkins, becomes a unicorn, acquires business – TechCrunch https://scotsbeavers.org/logistics-start-up-stord-raises-90-million-in-round-led-by-kleiner-perkins-becomes-a-unicorn-acquires-business-techcrunch/ https://scotsbeavers.org/logistics-start-up-stord-raises-90-million-in-round-led-by-kleiner-perkins-becomes-a-unicorn-acquires-business-techcrunch/#respond Tue, 14 Sep 2021 22:06:18 +0000 https://scotsbeavers.org/logistics-start-up-stord-raises-90-million-in-round-led-by-kleiner-perkins-becomes-a-unicorn-acquires-business-techcrunch/ When Kleiner Perkins ran Stord’s $ 12.4 million Series A in 2019, its founders were in their early 20s and so passionate about their startup that they each dropped out of their respective schools to focus on growing the business. the company. Fast forward two years and Stord – an Atlanta-based company that has developed […]]]>

When Kleiner Perkins ran Stord’s $ 12.4 million Series A in 2019, its founders were in their early 20s and so passionate about their startup that they each dropped out of their respective schools to focus on growing the business. the company.

Fast forward two years and Stord – an Atlanta-based company that has developed a cloud-based supply chain – is raising more capital in a round again led by Kleiner Perkins.

This time around, Stord raised $ 90 million in a Series D funding round at a post-currency valuation of $ 1.125 billion – more than double the $ 510 million the company was valued at when raising $ 65 million. dollars in Series C financing just six months ago. .

In fact, today’s funding marks Stord’s third since early December 2020, when she raised her Series B run by Peter Thiel’s Founders Fund, and brings the company’s total raised since its inception in 2015 to $ 205 million.

In addition to Kleiner Perkins, Lux Capital, D1 Capital, Palm Tree Crew, BOND, Dynamo Ventures, Founders Fund, Lineage Logistics and Susa Ventures also helped fund Series D. In addition, Michael Rubin, Founder of Fanatics and Founder of GSI Trade ; Carlos Cashman, CEO of Thrasio; Max Mullen, co-founder of Instacart; and Will Gaybrick, CPO at Stripe, put some money in the spin.

Founders Sean Henry, 24, and Jacob Boudreau, 23, met while Henry was at Georgia Tech and Boudreau was taking online courses at Arizona State (ASU) but running his own business, a development company of software, in Atlanta.

Over time, Stord has evolved into a cloud supply chain that can give businesses a way to compete and grow through logistics, and provide an integrated platform “available exactly when and where they need it” , said Henry. Stord combines physical logistics services such as freight, warehousing and fulfillment into this platform, which aims to provide “full visibility, rapid optimization and elastic scale” to its users.

About two months ago, Stord announced the opening of its first distribution center, a 386,000 square foot facility, in Atlanta, which includes robotics and warehouse automation technologies. “This was the first time we were in a building ourselves making it work end to end,” Henry said.

And today, the company announces that it has acquired Connecticut-based Fulfillment Works, a 22-year-old company with direct-to-consumer experience (DTC) and warehouses in Nevada and its home state.

With FulfillmentWorks, the company claims to have increased its proprietary warehouses, as well as its network of more than 400 warehouse partners and 15,000 carriers.

Although Stord did not disclose how much he paid for Fulfillment Works, Henry shared some of Stord’s impressive financial metrics. The company, he said, achieved its third consecutive year of growth of over 300% in 2020, and is on track to do so again in 2021. Stord has also made over $ 100 million. in revenue in the first two quarters of 2021, according to Henry, and has increased its workforce from 160 people last year to more than 450 so far in 2021 (including about 150 Fulfillment Works employees). And since the fourth quarter is often the one where people shop the most online, Henry expects the three-month period to be Stord’s most profitable quarter.

In some context, Stord’s new sales increased “7x” in the second quarter of 2020 compared to the same period last year. So far in the third quarter, sales have increased nearly 10 times, according to Henry.

Simply put, Stord aims to give brands a way to compete with Amazon, which has set expectations for quick turnaround and delivery. The company guarantees two-day shipping to anywhere in the country.

“The supply chain is the new competitive battleground,” said Henry. “Today’s buying expectations set by Amazon and the rise of the omnichannel shopper have put tremendous pressure on companies to maintain more agile and efficient supply chains… We want that every company has world-class supply chains, similar to Prime’s. “

What makes Stord unique, according to Henry, is the fact that he has built what he believes to be the only end-to-end logistics network that combines physical infrastructure with software.

This is also one of the reasons why Kleiner Perkins doubled his investment in the company.

Ilya Fushman, director of the board of directors of Stord and partner at Kleiner Perkins, said even at the time of his company’s investment in 2019, that Henry had demonstrated “incredible maturity and vision.” .

At a high level, the company was also simply drawn to what he described as “an incredibly significant market opportunity”.

“There are trillions of dollars in products floating around, with consumers expecting these products to reach them the same day or the next, no matter where they are,” Fushman told TechCrunch. “And while companies like Amazon have built an incredible infrastructure to do it on their own, the rest of the world hasn’t really caught up … So there is an incredible opportunity to build software and services to modernize this. multi-billion dollar market.

In other words, Fushman explained, Stord serves as a “plug and play” or “one stop shop” for retailers and traders so they don’t have to spend resources on their own warehouses or build their own. own logistics platforms.

Stord launched the software portion of its business in January 2020 and grew 900% during the year, and is today one of the fastest growing parts of its business.

“We have created software to manage our logistics and our network of hundreds of warehouses,” Henry told TechCrunch. “But if businesses want to use the same system for existing logistics, they can buy our software to get that kind of visibility. “

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Networking – September 2021 – Tri-Cities Area Journal of Business https://scotsbeavers.org/networking-september-2021-tri-cities-area-journal-of-business/ https://scotsbeavers.org/networking-september-2021-tri-cities-area-journal-of-business/#respond Fri, 10 Sep 2021 22:41:33 +0000 https://scotsbeavers.org/networking-september-2021-tri-cities-area-journal-of-business/ Hidden label Building Tri-Cities Hidden label Business files Hidden label Company Profiles Hidden label To concentrate Hidden label Agriculture Hidden label Architect engineer Hidden label Arts & Culture Hidden label B2B Hidden label Banking and investments Hidden label Business Management Hidden label Commercial real estate Hidden label The diversity Hidden label Education and formation Hidden […]]]>


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You will soon be able to use debit cards without any network https://scotsbeavers.org/you-will-soon-be-able-to-use-debit-cards-without-any-network/ https://scotsbeavers.org/you-will-soon-be-able-to-use-debit-cards-without-any-network/#respond Tue, 07 Sep 2021 22:30:00 +0000 https://scotsbeavers.org/you-will-soon-be-able-to-use-debit-cards-without-any-network/ Mumbai: Debit card holders will soon be able to apply to their bank for a Visa card that will allow them to store up to Rs 2,000 in the chip itself, allowing transactions to take place without connectivity. A proof of concept (PoC) for the stored value card for offline payments has already been established […]]]>
Mumbai: Debit card holders will soon be able to apply to their bank for a Visa card that will allow them to store up to Rs 2,000 in the chip itself, allowing transactions to take place without connectivity.
A proof of concept (PoC) for the stored value card for offline payments has already been established by Visa in partnership with the payment solutions company Innoviti. The PoC was executed in partnership with Yes Bank and Axis Bank. Stored value cards are different from prepaid cards where authorization takes place in the network cloud.
The chip on this new Visa debit card will contain a stored value of a daily spending limit of Rs 2,000 and will have a per transaction limit of Rs 200 – the limits imposed by the RBI currently. If the balance is insufficient, the transaction will be refused, which makes this proposal attractive for cardholders and merchants. Merchants are also expected to earn income through reduced friction and the risk of payment failure. Visa’s solution is the first of its kind and equipped to enter the Indian market.
The RBI has urged banks to come up with solutions for offline digital transactions so that these can continue to take place with poor telecommunications infrastructure or during network outages. Digital payments are heavily dependent on mobile networks and an outage could lead to major transaction failures in a region. With the high penetration of debit cards across India, offline payments using Visa cards are expected to ease the transition from cash payments to digital.
“The lack of internet connectivity has limited the democratization of digital payment acceptance in the country, as all existing payment technologies require real-time connectivity for authentication and authorization. Offline payments are a fast, reliable and inexpensive way to solve this problem which can change the way payments happen, ”said Rajeev Agrawal, Managing Director and CEO of Innoviti Payment Solutions, India.
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Alfamart de SM will see a network of 1,200 stores by the end of the year https://scotsbeavers.org/alfamart-de-sm-will-see-a-network-of-1200-stores-by-the-end-of-the-year/ https://scotsbeavers.org/alfamart-de-sm-will-see-a-network-of-1200-stores-by-the-end-of-the-year/#respond Fri, 03 Sep 2021 21:22:00 +0000 https://scotsbeavers.org/alfamart-de-sm-will-see-a-network-of-1200-stores-by-the-end-of-the-year/ SM Alfamart Group’s mini-grocery chain plans to roll out at least 200 new stores across Luzon this year, expanding its business footprint to 1,200 stores as it seeks to break into more communities amid the protracted pandemic . “We continue to be guided by our company’s goal of improving the lives of residents of underserved […]]]>

SM Alfamart Group’s mini-grocery chain plans to roll out at least 200 new stores across Luzon this year, expanding its business footprint to 1,200 stores as it seeks to break into more communities amid the protracted pandemic .

“We continue to be guided by our company’s goal of improving the lives of residents of underserved communities. We bring that to life by opening stores close to where our customers live and providing them with a wide assortment of essential merchandise to meet their daily and weekly needs, ”said Harvey Ong, COO at Friday. ‘Alfamart Philippines, in a press release.

Joint venture between SM and Alfamart Indonesia, Alfamart targets a large market segment. It sells basic groceries, a selection of SM Bonus products, fresh and frozen products, snacks such as “turon” or fried bananas, and personal care products.

“We want each Alfamart store to benefit its local community by creating jobs, providing rental income to its lessors and creating opportunities for local suppliers. We also allow local businesses, such as carinderias (small restaurants) and sari-sari stores, to turn to us when they need supplies, ”Ong said.

Alfamart also invites local entrepreneurs to settle near the store and take advantage of its strategic locations.

“A growing number of bill payment kiosks, food kiosks and laundries are already partnering with us to bring their products and services to our customers. Partnerships are particularly relevant now that everyone is reeling from the economic effects of the pandemic. In our own way, we hope to support other people or businesses who need a helping hand to get back on their feet, ”added Ong.

In 2020, Alfamart opened 267 new stores in Metro Manila, Batangas, Rizal, Bulacan, Pampanga, Nueva Ecija and Laguna.

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ChargePoint soars as EV charging network increases sales prospects amid stronger residential and commercial demand https://scotsbeavers.org/chargepoint-soars-as-ev-charging-network-increases-sales-prospects-amid-stronger-residential-and-commercial-demand/ https://scotsbeavers.org/chargepoint-soars-as-ev-charging-network-increases-sales-prospects-amid-stronger-residential-and-commercial-demand/#respond Thu, 02 Sep 2021 13:46:49 +0000 https://scotsbeavers.org/chargepoint-soars-as-ev-charging-network-increases-sales-prospects-amid-stronger-residential-and-commercial-demand/ A ChargePoint unit charges a Chevrolet Volt hybrid car. Photo AP / Richard Vogel ChargePoint shares surged Thursday after the vehicle charging network increased its view of annual sales. It now forecasts sales of $ 225 million to $ 235 million for fiscal 2022, up from its previous outlook of $ 195 million to $ […]]]>
A ChargePoint unit charges a Chevrolet Volt hybrid car.

  • ChargePoint shares surged Thursday after the vehicle charging network increased its view of annual sales.
  • It now forecasts sales of $ 225 million to $ 235 million for fiscal 2022, up from its previous outlook of $ 195 million to $ 205 million.
  • Second-quarter revenue of $ 56.1 million was higher than expected, but its loss of $ 0.29 missed estimates.
  • See more stories on the Insider business page.

Shares of ChargePoint surged Thursday after the vehicle charging network raised its annual sales outlook and second-quarter revenue exceeded expectations, offsetting a quarterly shortfall.

Shares jumped 16.8% to $ 24.79 in pre-market trading, but slashed gains shortly after the opening bell. The stock was up about 6%, trading at $ 22.52 at 9:40 a.m. ET on Thursday.

The company, which has more than 118,000 charging locations in North America and Europe, increased revenue to $ 225 million to $ 235 million for the fiscal year ending January 2022, compared to its previous forecast from 195 to 205 million dollars.

He made the move after revenue rose 61% to $ 56.1 million in the quarter ended July 31, from $ 35 million a year earlier. Analysts polled by FactSet were expecting $ 41.9 million. Sales growth was significant in North America and Europe across commercial, fleet and residential channels, he said, and during the quarter the company began charging integration with Mercedes.

“Commercial customers of all types are investing in billing their consumers, employees and visitors and the demand for residential products has increased as vehicle arrivals accelerate,” the company said in its earnings report. For the third quarter, he expects sales of $ 60 million to $ 65 million.

It posted a loss of $ 0.29 per share in the second quarter, which was larger than the expected loss of $ 0.13 per share.

The ChargePoint report comes as US President Joe Biden aims for half of all new vehicles sold in 2030 to be zero-emission vehicles, including battery-electric cars and plug-in hybrids.

ChargePoint shares in mid-January hit a high of $ 46.30, but have since fallen, taking the loss to date to around 22%.

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Global Network Access Control Software Market 2021 Latest Advances & Business Outlook-SolarWinds, InfoExpress, SAP – UNLV The Rebel Yell https://scotsbeavers.org/global-network-access-control-software-market-2021-latest-advances-business-outlook-solarwinds-infoexpress-sap-unlv-the-rebel-yell/ https://scotsbeavers.org/global-network-access-control-software-market-2021-latest-advances-business-outlook-solarwinds-infoexpress-sap-unlv-the-rebel-yell/#respond Wed, 01 Sep 2021 12:42:01 +0000 https://scotsbeavers.org/global-network-access-control-software-market-2021-latest-advances-business-outlook-solarwinds-infoexpress-sap-unlv-the-rebel-yell/ The network access control software market is expected to create at a rate of xx% as far as its value is concerned, starting in 2019 to grow to USD xx million by 2027. The market report gives an overall assessment of the market. The report offers a careful assessment of key segments, designs, engines, restraints, […]]]>

The network access control software market is expected to create at a rate of xx% as far as its value is concerned, starting in 2019 to grow to USD xx million by 2027.

The market report gives an overall assessment of the market. The report offers a careful assessment of key segments, designs, engines, restraints, authentic scene, and components that await significant oversight. This survey provides key data on the state of the business and is of course an essential source for associations and market motivated individuals, with tables and figures to help assess the overall design of the global market.

The report will assess the use and recognize different development openings. The progression models and the continuous exploration and advancement in the field of Network Access Control Software market have been comprehensively focused. It incorporates the impact COVID has had on the overall market and the procedures to increase destruction.

Get a sample copy of the report to understand the structure of the full report

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Main key players: SolarWinds., InfoExpress., SAP., Barracuda CloudGen Firewall., Bradford Networks., ForeScout., Cisco. and Juniper Networks.

The primary objective of releasing this information is to give a descriptive analysis of how trends could potentially affect the coming future of the Network Access Control Software market during the forecast period. This markets competitive manufactures and future manufactures are investigated with their detailed research. The turnover, production, price, market share of these players are mentioned with precise information.

Global Network Access Control Software Market: Regional Segment Analysis

This report provides an accurate analysis of changing competitive dynamics. It offers a forward-looking perspective on various factors that are driving or limiting the growth of the market. It provides a five-year forecast evaluated on the basis of how the Network Access Control Software market is expected to grow. It helps in understanding key product segments and their future and helps to make informed business decisions by having a comprehensive view of the market and performing in-depth analysis of market segments.

The key questions the report answers:
What will the market size and growth rate be in 2027?
What are the key factors driving the global network access control software market?
What are the key market trends impacting the growth of the Global Network Access Control Software Market?
What are the challenges of market growth?
Who are the major vendors in the global network access control software market?
What are the market opportunities and threats faced by the vendors in the global Network Access Control Software Market?
Trending factors influencing the market shares of the Americas, APAC, Europe and MEA.

More information:

The report consists of six parts dealing with:
1.) Basic information;
2.) The Asian market for network access control software;
3.) The North American market for network access control software;
4.) The European market for network access control software;
5.) Market entry and feasibility of investments;
6.) The conclusion of the report.

All the research report is done using two techniques which are primary and secondary research. There are various dynamic characteristics of the business, such as customer needs and customer feedback. Before ONE UP Business Insights ran a report, it took an in-depth look at all the dynamic aspects such as industry structure, application, classification, and definition.

The report focuses on some very essential points and gives comprehensive information on the revenue, production, price and market share.
Network Access Control Software market report will aggregate all sections and research for every point without showing any company indeterminate.

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This report provides an accurate analysis of changing competitive dynamics
It provides a forward-looking perspective on the various factors driving or restraining the growth of the market
It provides a six-year forecast evaluated on the basis of how the market is predicted to grow.
It helps to understand key product segments and their future
It provides accurate analysis of changing competitive dynamics and keeps you one step ahead of your competition
It helps in making informed business decisions by having a comprehensive view of the market and performing in-depth analysis of market segments.

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Levi Phillips remembered at memorial service | WCHS Network | News • Sports • Business https://scotsbeavers.org/levi-phillips-remembered-at-memorial-service-wchs-network-news-sports-business/ https://scotsbeavers.org/levi-phillips-remembered-at-memorial-service-wchs-network-news-sports-business/#respond Tue, 31 Aug 2021 22:18:19 +0000 https://scotsbeavers.org/levi-phillips-remembered-at-memorial-service-wchs-network-news-sports-business/ CHARLESTON, W.Va. – Family and friends gathered on Tuesday to remember the life of former WVU basketball player and Charleston High School star Levi Phillips. Levi Phillips (Photo / WVU Sports) Phillips, 69, died last week after losing a battle to a long illness. Those in attendance at the Charleston Municipal Auditorium cried, smiled, laughed […]]]>

CHARLESTON, W.Va. – Family and friends gathered on Tuesday to remember the life of former WVU basketball player and Charleston High School star Levi Phillips.

Levi Phillips (Photo / WVU Sports)

Phillips, 69, died last week after losing a battle to a long illness.

Those in attendance at the Charleston Municipal Auditorium cried, smiled, laughed and even gave a few standing ovations as Phillips’ life was told.

But the service also included a discussion of Levi’s struggles with drug addiction and his time in prison because of it.

Phillips’ close friend and lawyer Tim Dipiero said Levi would have spent more time behind bars without the decisions of former US Attorney Kasey Warner and US District Judge Joe Bob Goodwin to give him a second chance . Dipiero said his friend made the most of it.

Tim dipiero

Dipiero told the large crowd that others struggling with drugs deserve similar treatment. He spoke of an ongoing effort to convince the legislature to change the current “three strikes, you’re out” rule to again include the requirement that two of the three convictions be for violent crimes. He said it would prevent those who get into drug trouble, who have not committed violent crimes, from being sentenced to life in prison. The legislature has amended the law in recent years by removing the violent crime requirement.

“We must limit the application of the rule to those who commit two violent sanctions as before. We’re going to title it, the Levi Phillips Amendment, ”said Dipiero. “I pray that his legacy of turning tragedy into triumph will continue with this amendment enacted in his name and allow other men and women the opportunity to redeem their lives.”

US Senator Joe Manchin, DW.Va. (Office of US Senator Joe Manchin)

He hopes it will be presented in the legislative session next year.

US Senator Joe Manchin was among those who spoke about Phillips serving on Tuesday.

“It was my honor to call him my friend,” Manchin said. “There was never a time when I was on the street in Charleston or the Capitol where Levi didn’t see me and came over to give me a hug.”

Phillips’ daughter-in-law, Tracy Phillips, read a letter from WVU basketball coach Bob Huggins.

“My brother Levi Phillips is gone,” Huggins wrote. “But the ways he positively touched thousands of lives, including mine, will never be forgotten.”

Dipiero said Levi had a special gift.

“Levi was one of a kind, funny, silly, big hearted with just his own unique style and through thick and thin he always came together somehow and made you smile,” Dipiero said. .

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Big Sandy Women’s Business Symposium Celebrates ‘Women Holding Women’ https://scotsbeavers.org/big-sandy-womens-business-symposium-celebrates-women-holding-women/ https://scotsbeavers.org/big-sandy-womens-business-symposium-celebrates-women-holding-women/#respond Tue, 24 Aug 2021 22:49:00 +0000 https://scotsbeavers.org/big-sandy-womens-business-symposium-celebrates-women-holding-women/ PAINTSVILLE, Ky. (WYMT) – The Big Sandy Women’s Business Symposium kicked off Tuesday, celebrating women entrepreneurs in the region. East Kentucky Small Business Development Center director Michelle Spriggs said the annual event, which has just completed its 22nd year, aims to bring businesswomen together under one roof – to break glass ceilings together. “Going back […]]]>

PAINTSVILLE, Ky. (WYMT) – The Big Sandy Women’s Business Symposium kicked off Tuesday, celebrating women entrepreneurs in the region.

East Kentucky Small Business Development Center director Michelle Spriggs said the annual event, which has just completed its 22nd year, aims to bring businesswomen together under one roof – to break glass ceilings together.

“Going back hundreds of years ago, you know, there wasn’t a lot that women could do. Now we have women doing everything in the business world, ”Spriggs said. “It’s so wonderful to have all these women in one room who are so successful and who are so brilliant.”

The symposium, sponsored by Kentucky’s Appalachian Regional Healthcare and Women’s Business Center, included keynote speakers Jessica Lawrence, director of Cairn Guidance, and Jessi Robinson, founder and CEO of P&P Creative. Participants were invited to look at other projects and businesses in the region and discuss the models and missions that shaped them.

“It’s just inspiring to see other women who are a bit in the trenches with you and persevering, despite COVID,” Robinson said.

The women spoke to other small business owners and business leaders about being a woman in the business world, sharing their stories and networking.

“You really can’t run a business or start something without building relationships. And women who support women, that’s all I am, ”Lawrence said.

She shared the story of her solo cycling trip across the United States and how that experience helped shape her vision for leadership in business.

“How to create a marriage between your personal goals and your professional goals? And how sometimes a life experience like that, or a really big goal like that, can really keep you going and doing something amazing in business, ”she said.

According to those involved, the annual event is about support that only comes from people who understand where you are and how you got there.

“I love that it gives women all over Eastern Kentucky a chance to come together and network, to talk business, to learn new things,” said Robinson.

Robinson hosts a podcast called “Pursuing Fearless,” dedicated to sharing stories of regional women who are struggling to move forward and forge their own path. So she said events like this made her feel right at home.

“I work with so many amazing women, both as clients and as part of my team, it’s just another day at the office for me,” she said with a laugh.

Copyright 2021 WYMT. All rights reserved.

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Better Collective reports record income; strong growth in https://scotsbeavers.org/better-collective-reports-record-income-strong-growth-in/ https://scotsbeavers.org/better-collective-reports-record-income-strong-growth-in/#respond Tue, 24 Aug 2021 06:00:00 +0000 https://scotsbeavers.org/better-collective-reports-record-income-strong-growth-in/ Regulatory notice no. 27/2021 August 24, 2021 Interim report January 1 – June 30, 2021 Highlights second quarter 2021 Group revenue in Q2 increased by 162% to EUR 40,009 (Q2 2020: EUR 15,253). Organic revenue growth is 47%. The US business performed strongly, even before the inclusion of Action Network, posting NDC performance and revenue […]]]>

Regulatory notice no. 27/2021
August 24, 2021

Interim report January 1 – June 30, 2021

Highlights second quarter 2021

  • Group revenue in Q2 increased by 162% to EUR 40,009 (Q2 2020: EUR 15,253). Organic revenue growth is 47%.
  • The US business performed strongly, even before the inclusion of Action Network, posting NDC performance and revenue comparable to a strong Q1 2021, despite Q2 being the low season.
  • Group EBITDA before exceptional items in the second quarter increased by 90% to EUR 12,662 (Q2 2020: EUR 6,672). The EBITDA margin before special items was 32% (Publishing segment 43% and Paid media segment 11%).
  • Special items include the cost related to the acquisition of Action Network of EUR 5.3m.
  • Operating cash flow before exceptional items amounted to 11,069 tEUR (Q2 2020: 10,363 tEUR), an increase of 7%. The conversion to cash was 93% after a conversion rate of 121% in the first quarter. At the end of the 2nd quarter, capital reserves amounted to EUR 69m, including EUR 40m in cash and unused bank credit lines of EUR 29m.
  • New Filing Customers (NDCs) were 197,000 in the quarter with implied growth of 179%, setting a new quarterly record.
  • Partnerships with the media recorded exceptional performance with over 38,000 NDC. Three new media partnerships were signed.
  • Price supplements of EUR 1.2m in cash and EUR 0.9m in shares were paid in connection with the acquisition of HLTV in 2020 and the achievement of pre-granted financial performance.
  • At the AGM, Therese Hillman, CEO of NOD and former CEO of the NetEnt Group, was elected to the board of directors.
  • Better Collective acquired America’s leading sports betting media platform, Action Network, for EUR196m (USD 240m), gaining market leadership in sports betting media in the United States.
  • Better Collective resolved a managed share issue of 6.9 million shares, raising proceeds of EUR 145m to maintain financial flexibility.
  • For the fourth year in a row, Better Collective is at the top of the prestigious EGR Global Power Affiliates 2021 ranking.

Financial highlights for the first half of 2021

  • In the first half of 2021, sales increased by 118% to 78,845 tEUR (YTD 2020: 36,174 tEUR).
  • In the first half of 2021, EBITDA before exceptional items increased by 64% to EUR 25,855 (YTD 2020: EUR 15,718). The EBITDA margin before exceptional items was 33%.
  • Operating cash flow before exceptional items amounted to 27,171 tEUR (YTD 2020: 19,814 tEUR), an increase of 37%. The conversion rate to cash before special items was 107%. At the end of the second quarter of 2021, cash and unused credit facilities amounted to EUR 69m.
  • New depositing clients (NDCs) exceeded 371,000 in the first half of the year (growth of 99%).

Significant events subsequent to the end of the period

  • Sales for July reached 12.4m EUR, more than double that of July 2020, with organic growth of 13%. Sales for July 2021 were negatively impacted by an extraordinarily low margin for sporting victories, especially in the context of the finalization of EURO2020. This has to be seen in light of a comparison month of July 2020, which was positively impacted by the postponement of sporting events due to COVID-19 and an above average sporting victory margin.

Financial goals
The annual financial targets remain unchanged.

Jesper Søgaard, co-founder and CEO of Better Collective, commented:
The second quarter nevertheless marks a record quarter in terms of turnover and NDC delivered to our partners. At the same time, we continue to achieve strong profitability and cash flow. This solid performance was notably driven by activity in the United States and by our partnerships with the media, which experienced exceptional performance during the second quarter. The highlight of the quarter was the closing of our largest acquisition to date, Action Network, which is a game changer and solidifies our position as the leading sports betting media in the United States.

Conference call
A conference call will take place today at 10:00 am CET by CEO Jesper Søgaard and CFO Flemming Pedersen. The presentation will be webcast simultaneously, and the conference call and webcast provide an opportunity to ask questions.

Dial details for participants

Confirmation code: 7994289
Denmark: +45 32 72 04 17
Sweden: +46 (0) 8 56618467
UK: +44 (0) 8444819752

Webcast link https://edge.media-server.com/mmc/p/j6fny8zy

Inquiries regarding this announcement should be directed to
Investor contact: Christina Bastius Thomsen, +45 2363 8844, investisseur@bettercollective.com

Media contact: Morten Kalum, +45 2349 1009, mkalum@bettercollective.com

This information is information that Better Collective A / S is obliged to make public under the EU Market Abuse Regulation. The information has been submitted for publication, through the contact person indicated above, on May 12, 2021 at 8:00 a.m. CET.

About Mieux Collectif
Better Collective is a global sports betting media group providing platforms that enhance and improve the betting experience for sports fans and iGamers. Aiming to make betting and gaming more entertaining, transparent and fair, Better Collective offers a range of editorial content, bookmaker information, data information, betting tips, iGaming communities and educational tools. Its platform portfolio includes bettingexpert.com, VegasInsider.com, HLTV.org and Action network. Better Collective is headquartered in Copenhagen, Denmark, and is listed on Nasdaq Stockholm (BETCO). More information at bestcollective.com.

  • British Columbia Regulatory News Release # 27_2021 T2 2021 2021.08.24

  • BC_Q2_rapport_2021

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Why OnlyFans Ditched Sexually Explicit Content: Credit Card Companies https://scotsbeavers.org/why-onlyfans-ditched-sexually-explicit-content-credit-card-companies/ https://scotsbeavers.org/why-onlyfans-ditched-sexually-explicit-content-credit-card-companies/#respond Sun, 22 Aug 2021 18:11:00 +0000 https://scotsbeavers.org/why-onlyfans-ditched-sexually-explicit-content-credit-card-companies/ OnlyFans, a website with 130 million users and over 2 million content creators, has become synonymous with pornography. For many, playing on the app is a lifeline: Some who lost their jobs during the pandemic have turned to sharing explicit videos of themselves on OnlyFans to help pay the bills. Many of these sex workers […]]]>
OnlyFans, a website with 130 million users and over 2 million content creators, has become synonymous with pornography. For many, playing on the app is a lifeline: Some who lost their jobs during the pandemic have turned to sharing explicit videos of themselves on OnlyFans to help pay the bills. Many of these sex workers are now express indignation to what they see as OnlyFans’ betrayal of a community that has made the platform so successful.

Not all explicit content from OnlyFans disappears; simple nudity will always be allowed, the company said, as long as it complies with the platform’s other policies. Only “content containing sexually explicit conduct” – which presumably means sexual acts in front of a camera – will be banned, he said in a statement.

OnlyFans’ move is also the result of a much broader and concerted crackdown over the past few years across explicit parts of the internet, driven largely by a group of powerful and increasingly assertive companies: the payment processors behind the scenes handling every swipe of your credit card, whether you’re paying for gas, shopping for groceries, or, yes, tip an artist on OnlyFans.

In its announcement this week, OnlyFans said its decision was motivated with a view to building a long-term sustainable platform. “These changes must comply with the demands of our banking partners and payment providers,” he added.

Seth Eisen, a spokesperson for Mastercard, told CNN Business he was not involved in OnlyFans’ decision to restrict what content he would allow on the platform. “It’s a decision they came to on their own,” Eisen said. (Other payment processors did not immediately respond to a request for comment for this story.)

OnlyFans’ decision to attribute its policy change to payment companies reflects how the financial industry has increasingly leaned against sites that share adult content. But the problem, they say, is not mere prudishness, but legal exposure.

“I think we’re on the verge of a cultural shift in the financial industry that takes this issue much more seriously,” said Haley McNamara, vice president of the National Center on Sexual Exploitation, an advocacy group that started last year to pressure payment companies to act more aggressively on sexually abusive content.

Credit card companies are increasingly aware of their own potential legal risk, McNamara added, if they are accused of facilitating sex trafficking or the dissemination of child pornography.

Last December, Discover, Mastercard and Visa all announced they would suspend payments to Pornhub, one of the web’s biggest porn sites, over allegations the site hosted child pornography. In response, Pornhub cleaned its site of all videos that were not produced by verified partners and implemented a verification program that all users should follow if they wanted to post adult content. Although Visa has subsequently agreed to restore service to some adult sites owned by Pornhub’s parent, MindGeek, Pornhub itself remains cut off from credit card processors; the platform still only accepts payments by direct bank transfer and cryptocurrency.

Then, in April, Mastercard implemented a series of new requirements governing adult content transactions. The move, Mastercard said, was aimed at tackling illegal adult material.

“Banks that connect merchants to our network will need to certify that the adult content seller has effective controls in place to monitor, block and, if necessary, remove any illegal content,” Mastercard said.

Platforms would be required to verify the age and identity of those who posted and were represented in online porn, Mastercard said, and would have to have a process to review adult content before it is posted. Adult sites should have a complaints process that can “respond” to illegal or non-consensual content within seven days, and provide avenues for people portrayed in adult content to request removal of that content.

The new rules have revealed the power of the payments industry to shape the way millions of people experience the internet. And Mastercard is not the only one.

“Mastercard is the most proactive, [but] we had conversations with Visa and other credit cards [networks] too, ”McNamara said.“ A number of payment processors are waiting to see how Mastercard’s policies perform. ”

The financial industry’s muscle flexing has drawn criticism from digital rights activists who argue that it weighs heavily.

“Visa and Mastercard, working together, are currently a bottleneck for online payments,” wrote digital rights advocates at the Electronic Frontier Foundation. “This means that every arbitrary policy of these two companies can translate into rules that all websites that wish to process payments must follow.”
The role of the payments industry in shaping the Internet dates back several years. In 2015, Visa, Mastercard, and American Express shut down the services of Backpage.com, a website which, according to a multi-year Senate investigation, had knowingly facilitated sex trafficking by allowing advertisements for prostitution. Over the following years, the momentum against Backpage continued; the Justice Department seized its website in 2018, and its creators were indicted days later.
Around the same time, President Donald Trump enacted an anti-sex trafficking bill known as SESTA-FOSTA, under which online platforms could be held accountable if they hosted sexually-oriented advertisements, including consensual sex. Supporters of the law said it would help fight sexual abuse. But in recent years the narrative surrounding SESTA-FOSTA has changed as platforms like Craigslist removed all personal classifieds rather than risk breaking the law and sex workers themselves have increasingly supported. that the law was making their profession less secure by pushing them further underground – even though a federal report this year found that SESTA-FOSTA has in fact rarely been used in legal proceedings.

Now sex workers are raising their voices again, this time to defend their ability to represent themselves on digital platforms like OnlyFans.

Several of the creators of OnlyFans told CNN Business they were frustrated and angry with OnlyFans’ announcement, adding that the move would cost creators their livelihoods and networks and could ultimately lead to a decline in popularity of OnlyFans. ‘OnlyFans as a platform.
“The real bad guys here are the payment processors, the silent and obscure blacklist cabal that dictates the kind of moral behavior we’re allowed to engage in, which without any sort of oversight can wipe out any business from. his choice”, tweeted a San Francisco-based OnlyFans creator named @Aella_Girl.

The creation of what is essentially a new content policy regime enforced by private payment networks says a lot more about the influence of the financial sector than about the websites subject to its enforcement, according to legal experts.

Payment processors have every right to determine which transactions they will and will not support on their networks. In that regard, they’re not that different from platforms like Facebook and Twitter, which are hugely powerful in themselves, said Danielle Citron, a University of Virginia law professor who studies content moderation in. online and who also helps run Cyber ​​Civil. Rights Initiative, a group that campaigns against non-consensual pornography.

Much like social media companies, payment processors are protected by Section 230 of the Communications Act of 1934, Citron said. It’s the Signature Law that grants Facebook and Twitter broad legal immunity for many of the content moderation decisions they make – and the law that SESTA-FOSTA amended to create an exception for sexual ads.

Citron wants to see changes to Section 230 that could expose platforms to greater liability in certain circumstances. Perhaps, she said, these changes could even allow sex workers who believe their businesses have been wronged by payment processors to sue them for tortious interference.

“We’re talking about OnlyFans, where we see sex workers doing safe work. It’s from their homes, they create content on their own terms,” ​​Citron said.

“Payment processors have tremendous power over sites like OnlyFans and Pornhub,” she added. “These are private companies. But should we be worried about what kind of power they have?

Fixed: An earlier version of this story misrepresented OnlyFans’ stance on Creator Verification. The platform requires government-issued photo ID and a selfie as part of its verification process.

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