(Reuters) – Car-sharing company Getaround Inc on Wednesday said it has raised $140 million in additional venture capital funding at a time when its business is seeing growing demand and recovering from a collapse during the early days of the coronavirus pandemic.
The San Francisco-based company, backed by Japan’s SoftBank Group Corp <9984.T>, has raised a total of nearly $600 million since it was founded more than ten years ago and in previous rounds was valued at more than $1.5 billion.
The company allows private vehicle owners to rent out their cars through Getaround’s platform on an hourly or daily basis and operates in over 100 U.S. cities and more than 170 European locations after the company acquired a local competitor in 2019.
Getaround’s business suffered during the initial outbreak of the novel coronavirus in March and April, when demand dropped 75% and the company sought financial support from a
The Saint Viator Alumni Association is hosting a free Loyal Hearts Business Forum event for Saint Viator and Sacred Heart of Mary graduates, and current and past parents, in which Saint Viator alumni will share ideas and techniques they’ve used to shift their work and adapt to the current pandemic environment. The event, “Pivoting in a Pandemic World,” will take place via Zoom on October 22 at 6 p.m. CT.
“The COVID-19 pandemic has forced many businesses to close, temporarily or permanently, and others have been forced to find creative new ways to operate,” said Jim Platania, Jr., the Saint Viator Alumni Association board chairman. “We hope this event will help business owners and professionals learn from alumni who have found ways to pivot their business during these trying times.”
Speakers include Steve Zaleski (’04), real estate broker at Compass and restaurateur; Jerry Cataldo (’77), president and CEO of Hostmark
Louisiana Tech University Office of University Communications
Published 10:00 a.m. CT Oct. 14, 2020
Louisiana Tech University and Grambling State University signed a Memorandum of Understanding on Tuesday that provides GSU accounting undergraduates accelerated entry into Louisiana Tech’s Master of Accountancy program.
Louisiana Tech President Les Guice was joined by Grambling President Rick Gallot in Tech’s College of Business to officially sign the MOU.
“Today, we’re able to sign an agreement that will create greater opportunity for students of both Louisiana Tech and Grambling State,” Guice said. “Our partnership will prepare our shared students to sit for the CPA exam and begin successful careers even sooner. Together, we will help many students achieve their academic goals, and I know they will then make a positive impact on our region and state.”
Tech’s concurrent MAcc option allows accounting majors with a 3.2 GPA and less than 30 hours of coursework
Integromat Acquisition Adds Deep Automation Capabilities to the Celonis Execution Management System
NEW YORK and MUNICH, Oct. 14, 2020 /PRNewswire/ — Celonis, the global leader in Execution Management Systems (EMS), today announced the acquisition of Integromat, an industry leading online automation platform. This acquisition deepens the automation capabilities of the Celonis Execution Management System and strengthens Celonis’ ability to unlock execution capacity trapped by customers’ rigid and complex systems by intelligently automating actions across hundreds of systems in a scalable and intuitive way.
Integromat is a leader in the new class of online automation systems. These new systems are reinventing the automation market by making it extremely easy for business users to automate connections between all of the applications and systems they use to execute their business operations. Integromat has more than 375,000 users, is growing at more than 400% year over year and has more than 500 out
When starting a new venture and knowing you will have to invest heavily into a brand or company financially, emotionally and, perhaps most importantly, with all of your time, quite simply, it has to be right. For example, it took two years after exiting The Entertainer to focus on what I wanted to embark on next. Many entrepreneurs expect a lightbulb moment, and for some, this may be the case. However, it is important to note that this isn’t always the path and certainly not the only one. If you approach your startup not as a sprint, but as a marathon, you can put in place the ideas and mindsets that will help you succeed in the long run. By ignoring the rush to market and taking a longer consideration to your prospective venture, it can very often benefit you and your brand.
Are you sacrificing everything to achieve your dreams? Today’s work culture emphasizes the extreme self-sacrifice and burnout that people supposedly “need” to succeed. Elon Musk famously stated that he once worked 120 hours a week as a show of leadership. Mark Cuban of “Shark Tank” fame once said that he didn’t vacation for the first seven years of his business and would routinely stay up until 2 a.m. researching technology. Yahoo’s Marissa Meyer used to work 130-hour weeks at Google and slept under her desk.
Which makes you wonder… is there another way to build a successful, profitable business and work your way to the top without sacrificing your body, mind, and soul?
The answer is yes, and there are examples out there to prove it.
Take Ingrid Arna: she’s an internet entrepreneur and marketing expert who made a million dollars after 18 months in business. She didn’t rely on
KANSAS CITY, Mo., Oct. 14, 2020 /PRNewswire/ — Infinity Intermodal has recently hired transportation industry sales veteran, Mark Markos, as its Midwest Business Development Director. Mark is located in the Chicago area and will be primarily focused on working with customers/companies in the Midwest (Illinois, Minnesota, Wisconsin, Indiana, Michigan, Iowa and Ohio) to help them move their frozen, refrigerated, perishable or dry freight in Infinity’s attached temp-controlled domestic intermodal containers from the Midwest via intermodal ramps in Chicago and Minneapolis to the Northwest via intermodal ramps in Seattle, Portland, Spokane and Salt Lake City.
Stated Paul Goss, CEO of Infinity Intermodal, “We are happy to have Mark Markos on board as a part of our marketing and sales team at Infinity to promote our westbound service offerings to the Pacific Northwest.”
On Monday, the outraged Yelp comments and one-star reviews started pouring in for Pacifica Beach Yoga. The reviews all alleged the same thing: that a hot yoga studio in Pacifica was holding indoor classes without masks in violation of COVID-19 health guidelines.
Owner Tommy Antoon confirmed to KRON4 that no masks are worn during his classes, although he noted social distancing is in place and he’s only allowing up to 10 people per class with reservations. Currently, San Mateo County health guidelines allow gyms and fitness studio to operate at 10% capacity, with masks required at all times.
Medtronic (NYSE:MDT) will outline its strategy for driving accelerated revenue growth and sustainable double-digit total shareholder returns at its virtual 2020 Investor Day. The strategy includes:
The combination of a strong base business, recent product launches and a robust pipeline is expected to accelerate near- and long-term growth.
Medtronic is bringing inventive and disruptive technology with products such as soft tissue surgical robot, its Micra line of leadless pacemakers, extravascular ICD, pulse field ablation, PillCam Genius, transcatheter mitral replacement and repair, and renal denervation (RDN). RDN has been granted Green Channel priority review, which positions it for potential approval in China within a few months of an expected U.S. approval in calendar 2022.
The company has a differentiated R&D strategy that maximizes new technology, artificial intelligence, and analytics to deliver innovations to address unmet clinical needs.
Medtronic will provide an update on its long-range financial targets. The financial objectives include:
With the U.S. presidential election only a few weeks away, it’s timely to evaluate the details of Joe Biden’s tax plan, the potential implications and some strategies that might be worth considering.
Before we begin, it’s worth noting that even if Biden is elected, his tax plan becoming a reality would likely hinge on Democrats also gaining control of the Senate this November. And, even if that occurs, it could prove difficult to increase taxes if the 2021 economy is still fragile due to COVID-19. With that said, it is prudent to understand what the tax implications might be so we can evaluate which planning strategies could be beneficial in advance.
Income Tax Impacts
If you earn more than $400,000 per year, Biden’s income tax plan would negatively impact you in several ways:
Under Biden’s plan, the top tax bracket, which is currently $622,051 for married couples filing jointly