Tips to Help you Start your Own Trucking Business

Starting up a truck driving business could bring about a huge amount of money very quickly. Because there will always be a high demand for shipping and transportation of goods. Here are a few tips to help you with setting up your truck business: Get the Qualifications To get everything rolling, you need to guarantee that you get all the right sorts of licenses and permits which are compulsory for the kind of truck that you will be driving. As this contrasts from one state to another, for example, you’ll need to have a California DOT number to be able

The post Tips to Help you Start your Own Trucking Business appeared first on Moneybies.com.

The one thing most self-made millionaires do when they wake up

Following is a transcript of the video.

Tom Corley: What I found in my research is that in the morning, this is where self-made millionaires really create a lot of their wealth. They invest in themselves in the morning and what do they do? They do things like meditation. They do things like brainstorming – they’re brainstorming over obstacles, problems, issues that they are having either in pursuing their dreams or their goals or in their business or in their career.

They’re also reading what I call facts. They’re studying facts. And the reason to why they study the facts is they do this so that they can maintain their knowledge base and improve their knowledge base. They’re also trying to read uplifting, motivational, inspirational things to get them in the right mindset and this is so important. I’ve mentioned several times in my articles, if you have a positive mental outlook, then you have a greater chance of being successful in life and in order to get that positive mental outlook, sometimes you got to do certain things to put you over the top and one of them is meditation, the other one is reading inspirational, uplifting information.

EDITOR’S NOTE: This video was originally published in December 2017

Read the original article on Business Insider

The 25 companies business students around the world most want to work for

Microsoft CEO Satya Nadella is talking at a conference
Business students are interested in landing a job at Microsoft, according to Universum’s report of the World’s Most Attractive Employers.

  • Universum just released its 13th annual ranking of the places students globally want to work for.
  • Along with top accounting firms, business students said they want to work at various tech companies.
  • Here are the companies business students from 10 of the largest economies named as ideal future employers.
  • See more stories on Insider’s business page.
25. Deutsche Bank

Deutsche Bank CEO Christian Sewing

Industry: Banking

Rank in 2020: 31

Change in rank, 2020-2021: Up 6

24. Daimler/Mercedes-Benz

Daimler's Mercedes-Benz

Industry: Automotive

Rank in 2020: 28

Change in rank, 2020-2021: Up 4

23. Nike

a display of Nike shoes

Industry: Fashion

Rank in 2020: 13

Change in rank, 2020-2021: Down 10

22. LVMH Moët Hennessy Louis Vuitton

louis vuitton

Industry: Fashion

Rank in 2020: 20

Change in rank, 2020-2021: Down 2

21. Samsung

Samsung Galaxy Fold 5G phone

Industry: Consumer electronics and household appliances

Rank in 2020: 43

Change in rank, 2020-2021: Up 22

20. Unilever

Unilever logo

Industry: Fast-moving consumer goods

Rank in 2020: 27

Change in rank, 2020-2021: Up 7

19. Nestlé

A logo is pictured on the Nestle research center at Vers-chez-les-Blanc in Lausanne, Switzerland

Industry: Fast-moving consumer goods

Rank in 2020: 35

Change in rank, 2020-2021: Up 16

18. Procter & Gamble

Procter & Gamble's Dawn and Bounty
Procter & Gamble’s Dawn and Bounty are seen in a store.

Industry: Fast-moving consumer goods

Rank in 2020: 18

Change in rank, 2020-2021: No change

17. Bank of America Merrill Lynch

Merrill Lynch
Merrill Lynch

Industry: Banking

16. Morgan Stanley

A sign is displayed on the Morgan Stanley building

Industry: Banking

Rank in 2020: 15

Change in rank, 2020-2021: Down 1

15. Adidas

People walk past an Adidas store in Beijing.

Industry: Fashion

Rank in 2020: 17

Change in rank, 2020-2021: Up 2

14. Boston Consulting Group

Boston Consulting Group
The Amsterdam office of the Boston Consulting Group in 2011.

Industry: Management and strategy consulting

Rank in 2020: 14

Change in rank, 2020-2021: No change

13. BMW Group

BMW

Industry: Automotive

Rank in 2020: 16

Change in rank, 2020-2021: Up 3

12. McKinsey & Company

McKinsey & Company

Industry: Management and strategy consulting

Rank in 2020: 11

Change in rank, 2020-2021: Down 1

11. Goldman Sachs

goldman sachs

Industry: Banking

Rank in 2020: 6

Change in rank, 2020-2021: Down 5

10. PwC (PricewaterhouseCoopers)

logo of PwC

Industry: Auditing and accounting

Rank in 2020: 8

Change in rank, 2020-2021: Down 2

9. JPMorgan

JP Morgan

Industry: Banking

Rank in 2020: 9

Change in rank, 2020-2021: No change

8. KPMG

KPMG

Industry: Auditing and accounting

Rank in 2020: 12

Change in rank, 2020-2021: Up 4

7. Ernst & Young

Ernst & Young

Industry: Auditing and accounting

Rank in 2020: 7

Change in rank, 2020-2021: No change

6. Amazon

amazon warehouse packages

Industry: E-commerce

Rank in 2020: 4

Change in rank, 2020-2021: Down 2

5. L’Oréal Group

A cosmetic display of L'Oreal products

Industry: Fast-moving consumer goods

Rank in 2020: 10

Change in rank, 2020-2021: Up 5

4. Deloitte

Deloitte logo

Industry: Auditing and accounting

Rank in 2020: 5

Change in rank, 2020-2021: Up 1

3. Apple

Apple iPhone 13 are pictured at an Apple Store

Industry: Consumer electronics and household appliances

Rank in 2020: 2

Change in rank, 2020-2021: Down 1

2. Microsoft

Satya Nadella speaks in front of the image of a cell phone.
Microsoft CEO Satya Nadella.

Industry: Computer software and technology

Rank in 2020: 3

Change in rank, 2020-2021: Up 1

1. Google

A general view of the entrance of the Google office in Berlin
Google office in Berlin.

Industry: Internet content and information

Rank in 2020: 1

Change in rank, 2020-2021: No change

How Universum came up with this ranking

Not only did Google rank as the most attractive employer for business students just in the US this year, but the tech giant placed at the top for business students surveyed around the world.

Universum surveyed over 110,000 business students from 10 of the world’s largest economies to learn about what makes an employer attractive to them and what companies they wish to work for.

Students were asked to choose their five ideal future employers. The survey was conducted from September 2020 to May 2021. The results are weighted by the economies’ GDP. Universum also wrote that “To be considered, companies must rank in the top 90% among the most attractive employers.” 

Google not only was named the most attractive employer among business students surveyed, but the tech giant also landed the top spot in the engineering student and IT student rankings.

Business students considering their future employer aren’t just thinking about financial companies and accounting firms to land a business job. Companies that made the above list fall into a few different industries, such as tech, consumer goods, and banking.

Not only did business students consider the above companies as highly attractive future employers, but business students also told Universum in the report that the top ideal employer characteristic is high future earnings. Professional training and development followed behind as an ideal attribute in a future employer for business students.

The above ranking and industry categories were shared with Insider from Universum. More about this year’s business student ranking, along with the engineering and IT rankings, can be found on Universum here. The top 50 can also be accessed there. 

Read the original article on Business Insider

California burger joint bans under-18s from dining without parents, saying young people threw fries at staff and stuck candy to the ceiling

A man flips burgers on a grill
The burger restaurant is located in Garden Valley, California.

  • A California restaurant has banned under-18s unless they are accompanied by an adult.
  • Red Rooster Burgers & Brew said teenagers had abused staff and vandalized the premises.
  • “Some of their actions are unlawful and we won’t allow it,” the restaurant said in a Facebook post.
  • See more stories on Insider’s business page.

A California burger joint has banned under-18s, unless accompanied by a parent or guardian, due to what it described as unacceptable behaviour by young people.

Red Rooster Burgers & Brew, which is located in Garden Valley, announced the decision in a recent Facebook post, saying it had tolerated the behaviour for two years.

It described the young customers in question as “kiddos” and said it had voiced its concerns on multiple occasions.

After implementing rules that would still allow the customers to enjoy a trip to the restaurant and spend time with friends, it became clear that their conduct was going to continue, it said.

The post added that it was not the owners’ intent to “exile the youth in our community” – but it needed to protect its property.

The restaurant’s post included a long list of disruptive actions, which the owners said they witnessed. These included: fries being thrown at employees; condoms being left in toilets; candy being stuck to the ceilings, and condiments being squirted into the wrong bottles and thrown around the premises.

It also accused the young customers of sitting on the baby-changing tables in the restrooms while “making out.”

“Some of their actions are unlawful and we won’t allow it,” the restaurant said in its Facebook post.

Other reasons the restaurant cited were “marijuana being smoked in the bathroom” and kids stealing soda from the fridge.

According to the restaurant, the surrounding neighborhood streets had also been defaced. “Recently a neighbor’s Halloween display was vandalized. We found pieces of it in our parking lot,” the post added.

The restaurant did not immediately respond to Insider’s request for comment.

Red Rooster Burgers & Brew’s troubles echo those of Burgerville, a popular regional chain. In August, Burgerville said vandalism and damage had occurred at its southeast Portland branch. It temporarily closed the branch as a result.

Read the original article on Business Insider

NYC Democratic mayoral nominee Eric Adams says the city has been ‘dysfunctional’ for ‘so many years,’ and pledges pro-business climate

Eric Adams
Eric Adams.

  • NYC Democratic mayoral nominee Eric Adams pledged a reset with the business community.
  • In a Monday speech, he expressed his commitment to reversing the city’s economic fortunes.
  • The city’s unemployment rate currently sits at 10.5%, higher than the national average of 5.4%.
  • See more stories on Insider’s business page.

Eric Adams, the Democratic nominee for mayor of New York, said on Monday that he would have a pro-business administration if elected to office, emphasizing the need to focus on quality-of-life issues such as gun violence and housing affordability that have driven many residents out of the city.

While speaking at a conference for SALT, the global leadership and networking forum focused on finance and technology, Adams told attendees that he sought a fresh approach in seeking to drive the city’s economy.

“New York will no longer be anti-business,” he said during the Manhattan event. “This is going to be a place where we welcome business and not turn into the dysfunctional city that we have been for so many years.”

In making his comments, Adams, who won the June Democratic primary by defeating former New York City Sanitation Commissioner Kathryn Garcia in the final round of the ranked-choice voting system, is promising a reset with the business community.

Adams, a former captain in the New York Police Department and the current Brooklyn Borough President, has emphasized the need to combat violent crime, especially as the city continues to navigate the pandemic and the economic devastation left behind during last year’s massive decline in tourism and monthslong business closures.

“All across our country, gangs and guns are destroying the foundations of not only public safety, but business,” he said. “No one is coming to New York if a three-year-old is shot in Times Square.”

In the speech, Adams said that he hoped to improve public safety and build innovation in the city, while forging a relationship with business leaders as the city continues to face many challenging economic issues.

In July 2021, New York City’s seasonally adjusted unemployment rate stood at 10.5%, a 0.1% decline from the previous month and an 8% decline from July 2020, according to the New York State Department of Labor. However, the city’s joblessness rate is still nearly double the national unemployment rate of 5.4%.

Mayor Bill de Blasio, who has led the city since 2011, responded to Adams’ remarks, emphasizing his business bona fides and commitment to the city’s economic recovery.

“I’m very confident that what we’ve done in New York City is supported businesses while also supporting working people – and striking that balance, in particularly during the Covid era, bending over backwards to help the business community come back strong,” he said.

Anthony Scaramucci, the founder of SkyBridge Capital and former White House communications director for the Trump administration, lauded Adams as a “warrior for the city” and the “right person at the right time at the right place for New York City.”

Adams said that US cities often employ a “whac-a-mole” system in addressing longstanding problems, something he lamented during his address.

“We are dysfunctional as a city in New York and dysfunctional as a country,” he said.

The Democratic nominee expressed his desire to make the city the “the center of cybersecurity” and build on investments in green jobs.

In the November general election, Adams will face Republican Curtis Sliwa.

Read the original article on Business Insider

The 11 biggest questions CEOs are asking about Biden’s vaccine mandate

joe biden president vaccination
  • President Joe Biden has ordered OSHA to mandate vaccines or routine testing for large employers.
  • But numerous questions remain around what that will entail for businesses.
  • Retail Industry Leaders Association say that a vaccine mandate amounts to a “colossal undertaking.”
  • See more stories on Insider’s business page.

President Joe Biden’s new vaccine mandate for employers with over 100 employees has prompted numerous questions from business leaders. The Business Roundtable, a group made up of executives from top tech and retail businesses, has come out in support of the mandate. However, few large companies have shared how exactly they plan on implementing the new rules.

“While we await more details about the requirements, it is essential that the Administration understand that requiring large employers to mandate vaccination of all employees or produce a negative test is a colossal undertaking,” a spokesperson for the Retail Industry Leaders Association said in a statement. “Coordination with industry and all levels of government is essential to avoid a chaotic and counterproductive situation.”

Still, there are a number of questions currently rattling around C-suite-level Zoom sessions and conference calls, sources close to discussions told Insider.

1. When will the vaccine mandate take effect?

Rolling out a major vaccination push while juggling the 2021 holiday rush could pose a major challenge for businesses already struggling with supply chain issues and labor shortages.

2. How will OSHA enforce the vaccine mandate?

The Occupational Safety and Health Administration, which is tasked with ensuring workplace safety, is in charge of introducing the new standard. However, OSHA is known for being understaffed, and it remains unclear how exactly the agency plans to go about enforcing the new mandate.

3. How will employers and OSHA verify vaccination status?

Vaccination verification is a process that varies between localities across the US. For a company with over 100 employees, tracking vaccination status could prove to be a major undertaking.

4. Will the vaccine mandate include exemptions?

Insider spoke with Kate Bally, the Director of Labor and Employment Service at Thomson Reuters Practical Law. She said that there will likely be carve-outs in the mandate for people with disabilities and individuals with sincerely held religious beliefs. But employees can’t just make up an anti-vaccination spirituality on the spot.

“The employer gets to push back and say, ‘I need to hear from your pastor, I need to hear them say that your religion doesn’t authorize vaccinations,'” Bally said. “It’s not enough to say, ‘I’m afraid of the vaccine.'”

5. What penalties could large employers incur for failing to comply with the policy?

Business leaders want to know what kind of penalties are in store for companies that break the rules. Bally said that it’s possible that, with backing from OSHA, such employers could be more at risk for class action lawsuits.

6. What penalties could non-exempted workers incur for failing to get vaccinated?

It’s still not clear what exactly will become of employees who refuse to get vaccinated or routinely tested for COVID-19. Will companies be forced to terminate workers who refuse to get vaccinated or tested? Businesses won’t know until they get a clear answer from OSHA.

7. If workers opt for testing rather than vaccination, who will get stuck with the bill for the tests?

In a recent article from Lauren Hirsch, Stacy Cowley and Noam Scheiber of the New York Times, business leaders expressed concerns about who will end up paying for COVID-19 tests.

8. How does OSHA expect businesses to store information around testing?

Employers dealing with workers that opt for routine testing will have to collect and store results. It’s not clear what requirements around this will be.

9. Will workers look for a loophole?

Bally told Insider that she believed the language around OSHA’s mandate could provide an opening for anti-vax employees. The language in the Biden administration’s mandate has essentially equated vaccinations with routine-testing.

“Are workers going to say, ‘Hey, wait a second. The federal government has said regular testing is pretty much good enough,'” Bally said. “Is that going to give them an additional argument to say: ‘Hey, employers with mandates, I shouldn’t have to take the vaccine because the Biden ministration says this regular testing is a good substitute.'”

Depending on how the mandate’s language and the case law plays out, the OSHA mandate could backfire for companies with strict vaccine mandates.

10. What happens if there are supply chain issues around tests?

In its recent statement, the Retail Industry Leaders Association pointed out that there have been recent supply chain issues around tests: “Testing capacity is already stressed and must be scaled immensely to meet the enormous demand that will result from these new requirements.”

It’s unclear how OSHA will take the possibility of testing shortages and backlogs into account.

11. What types of COVID-19 tests do employees need?

There are a number of different COVID-19 tests out there, including rapid tests, Polymerase Chain Reaction, commonly known as PCR, tests, and even tests you can do at home. It’s unclear what standard of testing will OSHA mandate for large employers.

Read the original article on Business Insider

These 2 states want manufacturers to recycle their own packaging waste – here’s why it’s a great idea

Unsorted trash in a bin
Manufacturers in most states are not responsible for their own packaging waste management.

  • Two states have introduced laws that require manufacturers to foot packaging waste removal bills.
  • The companies will have to recycle and dispose of their own cardboard cartons, plastic wrap, and food containers.
  • UC Berkeley professors Jessica Heiges and Kate O’Neill say this could have a big impact on sustainability.
  • See more stories on Insider’s business page.

Most consumers don’t pay much attention to the packaging that their purchases come in, unless it’s hard to open or the item is really over-wrapped. But packaging accounts for about 28% of US municipal solid waste. Only some 53% of it ends up in recycling bins and even less is actually recycled: According to trade associations, at least 25% of materials collected for recycling in the US are rejected and incinerated or sent to landfills instead.

Local governments across the US handle waste management, funding it through taxes and user fees. Until 2018 the US exported huge quantities of recyclable materials, primarily to China. Then China banned most foreign scrap imports. Other recipient countries like Vietnam followed suit, triggering waste disposal crises in wealthy nations.

Some US states have laws that make manufacturers responsible for particularly hard-to-manage products, such as electronic waste, car batteries, mattresses, and tires, when those goods reach the end of their useful lives.

Now, Maine and Oregon have enacted the first state laws making companies that create consumer packaging, such as cardboard cartons, plastic wrap, and food containers, responsible for the recycling and disposal of those products, too. Maine’s law takes effect in mid-2024 and Oregon’s follows in mid-2025.

These measures shift waste management costs from customers and local municipalities to producers. As researchers who study waste and ways to reduce it, we are excited to see states moving to engage stakeholders, shift responsibility, spur innovation, and challenge existing extractive practices.

Holding producers accountable

The Maine and Oregon laws are the latest applications of a concept called extended producer responsibility, or EPR. Swedish academic Thomas Lindhqvist framed this idea in 1990 as a strategy to decrease products’ environmental impacts by making manufacturers responsible for the goods’ entire life cycles – especially for takeback, recycling,› and final disposal.

Producers don’t always literally take back their goods under EPR schemes. Instead, they often make payments to an intermediary organization or agency, which uses the money to help cover the products’ recycling and disposal costs. Making producers cover these costs is intended to give them an incentive to redesign their products to be less wasteful.

The idea of extended producer responsibility has driven regulations governing management of electronic waste, such as old computers, televisions and cellphones, in the European Union, China, and 25 US states. Similar measures have been adopted or proposed in nations including Kenya, Nigeria, Chile, Argentina, and South Africa.

Scrap export bans in China and other countries have given new energy to EPR campaigns. Activist organizations and even some corporations are now calling for producers to become accountable for more types of waste, including consumer packaging

What the state laws require

The Maine and Oregon laws define consumer packaging as material likely found in the average resident’s waste bin, such as containers for food and home or personal care products. They exclude packaging intended for long-term storage (over five years), beverage containers, paint cans, and packaging for drugs and medical devices.

Maine’s law incorporates some core EPR principles, such as setting a target recycling goal and giving producers an incentive to use more sustainable packaging. Oregon’s law includes more groundbreaking components. It promotes the idea of a right to repair, which gives consumers access to information that they need to fix products they purchase. And it creates a “Truth in Labeling” task force to assess whether producers are making misleading claims about how recyclable their products are.

The Oregon law also requires a study to assess how bio-based plastics can affect compost waste stream sand it establishes a statewide collection list to harmonize what types of materials can be recycled across the state. Studies show that contamination from poor sorting is one of the main reasons why recyclables often are rejected.

Some extended producer responsibility systems, such as those for paint and mattresses, are funded by consumers, who pay an added fee at the point of sale that is itemized on their receipt. The fee supports the products’ eventual recycling or disposal.

In contrast, the Maine and Oregon laws require producers to pay fees to the states, based on how much packaging material they sell in those states. Both laws also include rules designed to limit producers’ influence over how the states use these funds.

Will these laws reduce waste?

There’s no clear consensus yet on the effectiveness of EPR. In some cases it has produced results: For instance, Connecticut’s mattress recycling rate rose from 8.7% to 63.5% after the state instituted a takeback law funded by fees paid at the point of sale. On a national scale, the Product Stewardship Institute estimates that since 2007 US paint EPR programs have reused and recycled almost 24 million gallons of paint, created 200 jobs and saved governments and taxpayers over $240 million.

Critics argue that these programs need strong regulation and monitoring to ensure that corporations take their responsibilities seriously – and especially to prevent them from passing costs on to consumers, which requires enforceable accountability measures. Observers also argue that producers can have too much influence within stewardship organizations, which they warn may undermine enforcement or the credibility of the law.

Few studies have been done so far to assess the long-term effects of extended producer responsibility programs and those that exist do not show conclusively whether these initiatives actually lead to more sustainable products. Maine and Oregon are small progressive states and are not major centers for the packaging industry, so the impact of their new laws remains to be seen.

However, these measures are promising models. As Martin Bourque, executive director of Berkeley’s Ecology Center and an internationally known expert on plastics and recycling, told us, “Maine’s approach of charging brands and manufacturers to pay cities for recycling services is an improvement over programs that give all of the operational and material control to producers, where the fox is directly in charge of the hen house.”

We believe the Maine and Oregon laws could inspire jurisdictions like California that are considering similar measures or drowning under waste plastic to adopt EPR themselves. Waste reduction efforts across the US took hits from foreign scrap bans and then from the COVID-19 pandemic, which spurred greater use of disposable products and packaging. We see producer-pay schemes like the Maine and Oregon laws as a promising response that could help catalyze broader progress toward a less wasteful economy.

Jessica Heiges, PhD candidate in environmental science, policy and management, University of California, Berkeley and Kate O’Neill, professor of global environmental politics, University of California, Berkeley

< This article is republished from The Conversation under a Creative Commons license. Read the original article />
Read the original article on Business Insider

Connecticut’s governor takes a swipe at Texas abortion ban, urges pro-women businesses to move to the Nutmeg State

Gov. Ned Lamont.
Connecticut Gov. Ned Lamont.

  • Connecticut governor Ned Lamont posted a video encouraging businesses in states restricting the rights of women to move to Connecticut.
  • Lamont believes his state is a great place for women to come and work because of access to child care and paid leave.
  • The video comes after Texas enacted the most restrictive abortion ban in the nation.
  • See more stories on Insider’s business page.

Connecticut governor Ned Lamont bashed Texas’ new abortion ban and encouraged business owners in anti-abortion states to move to the New England state.

In a video posted to social media Friday afternoon, Lamont explained why he believed workers, especially women workers, would thrive in his state.

“We’re a family-friendly state that respects women,” Lamont said. “I know some of you are in states like Texas which are outlawing a woman’s right to choose. We have codified, we are protecting a woman’s right to choose because that is about respect.”

Lamont, using incentives like childcare, public schools with a low coronavirus infection rate, and paid family and medical leave, explained that he believes the “Nutmeg State” is a great place for women to work.

“We don’t have oil and natural gas, but we have one of the most productive, best trained, most innovative workforces in the world,” Lamont said. “And that starts with the fact that we have more women participating in our workforce than just about anywhere else.”

The video comes after a Texas law went into effect that bans abortion after six weeks of pregnancy, before many women know they are pregnant. The law also allows private citizens to sue anyone they suspect is seeking an abortion or anyone who might help a woman obtain one, such as ride-share drivers.

Lamont has actively spoken up against anti-abortion legislation before. In 2019 he also encouraged women-owned businesses from Alabama, Georgia, and Missouri, to move to Connecticut after the states attempted to pass restrictive abortion laws.

So far in 2021, state legislatures have enacted 90 abortion restrictions – a new record since 1973, found the Guttmacher Institute, a pro-abortion group that compiles data on reproductive health, Insider reported.

Read the original article on Business Insider

Y Combinator was an enclave where tech founders rubbed shoulders with billionaires. Then the coronavirus hit.

Hello!

Welcome to this weekly roundup of stories from Matt Turner, Insider’s co-Editor in Chief of business. Subscribe here to get this newsletter in your inbox every Sunday. Plus, download Insider’s app for news on the go – click here for iOS and here for Android.

Hope you’re enjoying your Labor Day weekend. Here’s what we’re going over today:

Y Combinator president Geoff Ralston in front of a bunch of graduation caps with logos of startups that have graduated from the program.

What’s trending this morning:


Y Combinator is scaling up fast

Y Combinator is where aspiring tech founders can meet billionaire investors. They used to accept a small number of startups per cohort, but recently had 377 in its largest-ever (remote) Demo Day:

The three-month program – part startup school, part mentorship – has produced smash hits like $96 billion Airbnb and $95 billion Stripe. For venture-capital firms looking for an edge, seducing a fledgling YC startup with a check before Demo Day is an easy way to get a jump on the competition.

But the flouting of rules that Seibel called out in 2019 points to a transformation underway at YC, which recently celebrated its 16th birthday: The camaraderie, mentorship, and traditions that once defined the YC experience, and in which some of its biggest hits were forged, have all but disappeared.

​​Founders going through the program live all around the world, and it has ballooned to more than 300 companies in a single batch – a scale that’s raised questions among YC alumni, investors, and up-and-coming entrepreneurs about whether the program is still the elite training ground and badge of honor it once was.

Get the inside scoop on the unicorn factory:

Also read:


Working at Theranos meant paranoia and stress for some ex-staffers

Elizabeth Holmes

As former Silicon Valley superstar Elizabeth Holmes goes on trial, former Theranos employees spoke out about what it was like to work for the ambitious and now-disgraced founder:

Now, at the start of one of the most anticipated tech trials of all time, which started August 31, former employees look back at Elizabeth Holmes’ Theranos, telling Insider about her infatuation with secrecy and unrelenting belief that their work would change the world.

Her unconventional requests and expectations – like forbidding the use of the word “blood” during interviews – defined many of their experiences. Several of Holmes’ associates, including former Theranos employees – some of whom are speaking out for the first time – expressed concern that her 7-week-old infant would distract jurors from the crimes she’s alleged to have committed.

“I hope justice gets served for the investors and patients that were defrauded” a former Theranos operations engineer said.

Read what former staffers say about the high-profile exec:

Also read:


JD Vance wants to save the Rust Belt – but experts are skeptical

Peter Thiel, J.D. Vance, and Donald Trump inside a red state shape of Ohio on a light yellow background

JD Vance, the bestselling author of “Hillbilly Elegy”, is running for Senate in Ohio – one of the highest-profile Senate primaries- but experts say that it isn’t clear what, the author has really achieved in business or philanthropy:

Plenty of politicians seek to bolster their image by pointing to their business acumen and philanthropic efforts. In reality, though, it’s not clear what, if anything, Vance has achieved through his company or his charity.

A review by Insider of Our Ohio Renewal’s tax filings showed that in its first year, the nonprofit spent more on “management services” provided by its executive director – who also serves as Vance’s top political advisor – than it did on programs to fight opioid abuse.

The group, which has shut down its website and abandoned its Twitter account after publishing only two tweets, says it commissioned a survey to gauge the needs and welfare of Ohioans, but Vance’s campaign declined to provide any documentation of the project. A spokeswoman for Ohio’s largest anti-opioid coalition told Insider that she hadn’t heard of Vance’s organization.

“This is a charade,” said Doug White, a nonprofit expert and former director of the master’s program in fundraising management at Columbia University, who reviewed Our Ohio Renewal’s tax filings for Insider. “It’s a superficial way for him to say he’s helping Ohio. None of that is actually happening, from what I can tell.”

Read the full story on Ohio’s high-profile Senate candidate:

Also read:


Tom Montag’s perplexing BofA departure

Tom Montag

Bank of America senior employees aren’t surprised at COO Tom Montag’s retirement, but the timing of his announcement remains perplexing. Montag has yet to name a successor, though many believe no single candidate will replace him. Several potential heirs could be set to step up:

Speculation that Montag, now 64, could soon retire has swirled for years, according to conversations since 2019 with current and former senior employees who’ve worked with BofA’s global banking and markets president.

But people familiar with Montag said they had pictured a long, celebratory farewell tour – a la Derek Jeter with the New York Yankees – as more in keeping with how the charismatic, larger-than-life figure would have wanted to say goodbye.

Montag’s retirement was also bundled together with that of fellow senior executive Anne Finucane, 69, who spearheaded efforts to overhaul the bank’s reputation post-financial crisis and leads the firm’s ESG mission. Both are set to depart by year end.

“It’s somewhat unusual that two senior executives would resign simultaneously and that no succession plan for either would be announced,” a former BofA executive told Insider.

See how Bank of America plans to fill the role:

Also read:


Event alert: Join us on Tues., Sept. 14 at 12pm ET for “The Future of Mobility: Data Driving Innovation,” presented by Arity, to learn how technology and data are transforming habits and enhancing app user experience. Register here.


Finally, here are some headlines you might have missed last week.

– Matt


Compiled with help from Phil Rosen.

Read the original article on Business Insider

Online Employee Training for the Workplace

What could be worse than working in a place that expects you to get something done but won’t empower you with the necessary tools to do it? It is similar to asking a tailor to adjust your cloth without giving them the precise measurements or asking an untrained dog to walk with you without putting it on a leash. In this case, it is like telling someone to carry out a task without giving them the proper training on how to get the job done. Whether it is a complete training session or one-on-one training format, every staff needs to

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