9 months ago 9 months ago
The board of Mens Wearhouse has dumped the founder, George Zimmer who built Men’s Wearhouse from one small Texas store using a cigar box as a cash register to one of the North America’s largest specialty men’s clothiers with 1,143 locations. On the record they’ve said that it’s because they want to appeal to a younger audience.
Not nearly as publicized is the fact that Zimmer was a big supporter of decriminalizing marijuana in California and maintained the policy for the company of not only NO drug testing, but also NO background checks on employee’s. Why? Because Zimmer is a former alcoholic who believes that everyone deserves a second chance and that marijuana should be legal. He’s made his money, built his company and if you don’t like it…..well, you get fired, from your own company.

The board of Mens Wearhouse has dumped the founder, George Zimmer who built Men’s Wearhouse from one small Texas store using a cigar box as a cash register to one of the North America’s largest specialty men’s clothiers with 1,143 locations. On the record they’ve said that it’s because they want to appeal to a younger audience.

Not nearly as publicized is the fact that Zimmer was a big supporter of decriminalizing marijuana in California and maintained the policy for the company of not only NO drug testing, but also NO background checks on employee’s. Why? Because Zimmer is a former alcoholic who believes that everyone deserves a second chance and that marijuana should be legal. He’s made his money, built his company and if you don’t like it…..well, you get fired, from your own company.

10 months ago 10 months ago

The idea that a for-profit company like Boba Guys donating it’s most profitable earnings (grand opening!) runs counterintuitive to capitalism and business in America. But the key underpinning of a capitalistic society is the freedom to enter into any bargain willingly and sell your product for whatever price you wish / can find a buyer for. Boba Guys is content to sell our goods for the low price of personal satisfaction gained through philanthropy. If we learned anything from our 6-month stint writing for GOOD Magazine it’s that “doing good is good business”.

We are happy to announce that our first profits donation is going to Little Brothers SF: a San Francisco non-profit combatting Isolation and loneliness among the city’s Elderly.

10 months ago
Worst Jobs in the World Matrix
10 months ago
peternyc:
“In this business, you have to be very good at everything, be really hard working, and strike luck at the same time. I don’t want to sound pessimistic, but it’s a really hard business [to make it in], but if you are successful, it’s the greatest job in the word.” He quickly reminds me that his road to success in a business that is continuously described as cut throat, was quite the quest, “I wouldn’t say my career is still in it’s infancy, but I feel it’s in the childhood phase, only now is it starting to come together. You have to look around and ask, what labels and designers have survived for 10 years? There are only a handful that have lasted this long.” Robert Geller, “From Behind the Looking Glass”

peternyc:

“In this business, you have to be very good at everything, be really hard working, and strike luck at the same time. I don’t want to sound pessimistic, but it’s a really hard business [to make it in], but if you are successful, it’s the greatest job in the word.” He quickly reminds me that his road to success in a business that is continuously described as cut throat, was quite the quest, “I wouldn’t say my career is still in it’s infancy, but I feel it’s in the childhood phase, only now is it starting to come together. You have to look around and ask, what labels and designers have survived for 10 years? There are only a handful that have lasted this long.” Robert Geller, “From Behind the Looking Glass”

(Source: peternyc)

11 months ago
Yahoo buys Tumblr

The news is official, Yahoo buys Tumblr for 1.1 billion.

There are a lot of people up in arms about it for good and bad (mostly bad) reasons. It should be made clear that startups (and companies) are in the business to make money. Startups are built for exits. Sometimes that timeline has a long horizon (IPO). Sometimes they are short (acquired, sold, fold). That’s why investors are willing to invest in them; so that one day they might bring back a large return for their risk.

As much as I love milk tea, Boba Guys isn’t “just for fun”. Our goal has always been to be the very best at what we do and to change the tea game like the Blue Bottles and Philz Coffees of the world have been able to do for coffee. Building and owning your own company is a lot of fun, but we’ve also put in a huge chunk of our life savings and countless hours into it. It takes its toll.

No entrepreneur in their right mind spends a huge chunk of their life building something for free. Money isn’t everything, but it’s certainly part of the equation. How it comes (through advertising, paid subscription, talent/tech/user acquisition) isn’t always uniform but payment is unequivocally rendered. If Tumblr gave me the option to get paid out for putting ads on my site, the left side would be Phoenix College and the right side would be penis pills before you could refresh.

What’s troubling to see is that there is a lot of entitlement towards something we didn’t create. Even worse, there’s backlash when a startup decides to monetize. We saw it happen with Instagram. It’s a free service and it’s awesome! We use the service and we can leave at any time.

One could argue that the services would be nowhere without the users (or early adopters). I would counter that I have acquired far more value from Tumblr, than they have from me. And I’ve been on the service for almost 5 years and paid nothing. When Google Reader decided to shut down, I was disappointed but optimistic that someone would pick up where it left off and make it better because again, I paid nothing and deserve nothing. If I cared enough, I might even build my own.

We live in interesting times..the tools and technology available today enables anyone with an Internet connection to build and deploy anything we want to see in the world. Don’t like a blogging platform anymore? Roll your own. Hate ads? Learn to pay when you receive value. I’ve never bothered to e-beg like Maria Popova but would you be upset if I did?