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☆ A 32-year-old who started selling T-shirts in college with $500 upfront shares the 4 strategies he used to build a seven-figure online business from scratch
▼ + stars: | 2024-04-17 | by ( Kathleen Elkins | ) www.businessinsider.com time to read: +5 min

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Karthik Shanadi and Luke McGurrin did just that — and they started their brand, Greek House, out of their fraternity house with a slim $500 budget. Since launching Greek House in 2013, the cofounders have added three more apparel brands. Courtesy of Karthik ShanadiIt helped that Shanadi and McGurrin eventually expanded into what he considers a "high barrier niche": licensed merchandise. In 2016, about three years after starting Greek House, they received a notice from a licensing agency.

Persons: —, Karthik Shanadi, Luke McGurrin, Shanadi, McGurrin, Brian Chesky, Threadly, that's, We're Organizations: Service, Business, University of Florida Locations: Portugal, Philippines, India

☆ A 32-year-old entrepreneur who built a seven-figure merch brand in response to a 2021 Supreme Court ruling explains how he finds opportunities — and the industries he'd focus on in 2024
▼ + stars: | 2024-04-11 | by ( Kathleen Elkins | ) www.businessinsider.com time to read: +6 min

In July 2021, in response to the new NIL legislation, Shanadi and McGurrin created a fourth brand specifically for athletes, Athlete's Thread. Courtesy of Karthik ShanadiDespite being their newest brand, Athlete's Thread, which makes merchandise co-branded with the college and the athlete, is already their most lucrative. Athlete's Thread allows any college athlete to essentially launch a personal merch store for free. After they sign up on the platform, the Athlete's Thread team builds out their catalog. As of March 2024, Athlete's Thread is licensed with 150 colleges and has about 14,000 student-athletes on its platform.

Persons: Karthik Shanadi, Shanadi, Luke McGurrin, McGurrin, LUKE SIRIMONGKHON, that's, he'd Organizations: Business, University of Florida, NCAA Locations: New York City

☆ A 32-year-old entrepreneur launched a clothing company in college with $500 and grew it to seven figures. He explains what type of business he would build in 2024 if he had to start over.
▼ + stars: | 2024-04-06 | by ( Kathleen Elkins | ) www.businessinsider.com time to read: +5 min

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. The young entrepreneurs started "brokering deals through text messages," Shanadi told Business Insider. Related stories"We realized quickly that we have to invest in technology to support the growth of this business," he said. If he lost everything and had to start a business from scratch in 2024, he'd think about other industries that are underserved with regard to tech. The more people you talk to, the better you'll understand if it's a common industry problem, he noted.

Persons: —, Karthik Shanadi, Luke McGurrin, Shanadi, he'd, they're Organizations: Service, University of Florida, Business, House Locations: Bangalore

☆ 2 college friends who started selling custom T-shirts on campus with a $500 budget explain how they grew their fraternity-house merch project into a seven-figure business
▼ + stars: | 2024-04-04 | by ( Kathleen Elkins | ) www.businessinsider.com time to read: +10 min

By the time Shanadi started his freshman year at the University of Florida, he had nearly a decade of work under his belt. His first brand, Greek House, while "a little bit of an accident," admitted Shanadi, was set in motion. It allowed him and McGurrin to launch Greek House with the limited savings they had. They dedicated weeknights and weekends to growing Greek House. Quitting corporate America, living on $1,000 a month, and learning from a $33,000 mistakeIn 2016, Shanadi quit his job to go all-in on Greek House.

Persons: Karthik Shanadi, Shanadi, Luke McGurrin, Luke, McGurrin, We'd, LUKE SIRIMONGKHON, Brian Chesky, that's, we've, we're Organizations: Business, University of Florida, New, Amazon, House, of Florida, Follett, Dick's Sporting Goods Locations: Bangalore, India, Orlando, New York City, Florida, California, Bay, Los Angeles, America, Salesforce, LA

☆ Nielsen CEO on Super Bowl ratings: Great content will ultimately drive viewership
▼ + stars: | 2024-02-14 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailNielsen CEO on Super Bowl ratings: Great content will ultimately drive viewershipNielsen CEO Karthik Rao joins 'Squawk Box' to discuss Sunday's Super Bowl ratings, which averaged 123.4 million viewers and making it the most-watched television broadcast since the Apollo 11 moon landing in 1969, the future of streaming, and more.

Persons: Karthik Rao Organizations: Nielsen, Super, Sunday's

☆ Vivek Ramaswamy ends presidential campaign
▼ + stars: | 2024-01-15 | by ( Aaron Pellish | Kaitlan Collins | ) edition.cnn.com time to read: +11 min

CNN —Biotech entrepreneur Vivek Ramaswamy ended his campaign for the 2024 Republican presidential nomination Monday night after a disappointing finish in the Iowa caucuses. From Vivek Ramaswamy 2024 Presidential Campaign Ramaswamy appears in a sixth-grade musical performance at his school in Sharonville, Ohio, in 1997. From Vivek Ramaswamy 2024 Presidential Campaign Ramaswamy speaks at the Forbes Under 30 Summit in Philadelphia in 2015. Demetrius Freeman/The Washington Post/Getty Images Ramaswamy and Nikki Haley participate in the first Republican presidential debate in August 2023. Win McNamee/Getty Images Ramaswamy talks to members of the media after the first Republican presidential debate.

Persons: Vivek Ramaswamy, we’ve, ”, Ramaswamy, Donald Trump, ” Ramaswamy, “, Anna Moneymaker, Tony Jones, Network Ramaswamy, Instagram Ramaswamy, Gilbert Carrasquillo, Karthik, Apoorva, Angelo Merendino, Anthony Anex, Shutterstock Ramaswamy, Mark Peterson, Alex Brandon, Maddie McGarvey, Jon Cherry, Walter Waligura, John Tully, Arjun, Apoorva Ramaswamy, Michael M, Ramaswamy's, Vek, Demetrius Freeman, Nikki Haley, Win McNamee, Scott Olson, Ramaswamy claps, Maansi Srivastava, Trump, Tucker Carlson’s, Ronna McDaniel, “ We’ve, Kim Reynolds, stagnating, caucusgoers, CNN’s Gregory Krieg, Kaitlan Collins Organizations: CNN — Biotech, Trump, “, Street Journal, Republican, Conservative Political, Conference, Cincinnati Enquirer, USA, Network, Jesuit, Xavier High School, Harvard University, Forbes, Swiss Economic, Ohio Republican, Washington Post, Rifle, Bloomberg, Getty, New York Times, Liberty National Summit, Ohio State University, Iowa State Fairgrounds, BMI, White, Inc, Fox News, Yale University, Roivant Sciences, Management, Republican Party, GOP, RNC, Fair, Gov, Des Moines Register, NBC, CNN New, South Carolina Gov Locations: Iowa, Des Moines , Iowa, New Hampshire, “ America, of, New York, Sharonville , Ohio, Philadelphia, Columbus , Ohio, Interlaken, Switzerland, Cincinnati, Indianapolis, Windham , New Hampshire, Independence , Iowa, Clive , Iowa, “, Cincinnati , Ohio, Ohio, CNN New Hampshire, Indian, Ukraine, Russia, Israel, China, Taiwan, Iraq, Afghanistan

☆ Former SpaceX engineers explain how the US's first moon landing mission in decades may have gone wrong and how to prevent similar anomalies
▼ + stars: | 2024-01-11 | by ( Jenny Mcgrath | ) www.businessinsider.com time to read: +4 min

Space company Astrobotic's lunar lander won't reach the moon after a fuel leak. Most space companies don't operate like SpaceX does, they said, which can lead to mistakes. The NASA-backed mission was meant to be the first time a private company's spacecraft landed on the moon. This is far from the first time a private space company has experienced an anomaly . Two former SpaceX engineers told Business Insider that space companies that invest heavily in testing and robust software processes tend to be successful and learn from their failures .

Persons: —, Peregrine, Karthik Gollapudi, Jason Hunter, Hunter, Gollapudi, Astrobotic's Peregrine, NASA's Organizations: SpaceX, Service, NASA, Companies

☆ Senate Candidate in Michigan Says He Was Offered $20 Million to Challenge Tlaib
▼ + stars: | 2023-11-22 | by ( Chris Cameron | More About Chris Cameron | ) www.nytimes.com time to read: +1 min

A Democratic Senate candidate in Michigan said he was offered $20 million by a Michigan businessman to drop out of the race and instead take on a primary challenge against Rashida Tlaib, the Palestinian American representative who was censured this month for her statements about the Israel-Gaza war. Mr. Nelson also donated $13,000 to Concerned Citizens of Michigan, a group that supported a primary challenge against Ms. Tlaib in 2020. Mr. Ganapathy added that the conversation between Mr. Harper and Mr. Nelson was “respectful on both sides.” Calls to Mr. Nelson’s phone number on Wednesday were not answered. Ms. Tlaib declined to comment on the record. “I’m not going to run against the only Palestinian-American in Congress just because some special interests don’t like her,” Mr. Harper said in a statement on X, formerly known as Twitter.

Persons: Rashida Tlaib, Linden Nelson, Hill Harper, Karthik Ganapathy, Nelson, Tlaib, Ganapathy, Harper, ”, “ I’m, ” Mr, “ Organizations: Democratic Senate, Palestinian American, Democratic, Republican, Citizens, American, Twitter Locations: Michigan, Israel, Gaza, Congress

☆ Six-hitting machine Rohit brings PlayStation-like feel to batting
▼ + stars: | 2023-10-15 | by ( Amlan Chakraborty | ) www.reuters.com time to read: +2 min

"He was asking me the secret behind my big sixes, and if it had anything to do with the bat I use," Rohit told Pandya. The elegant right-hander overtook West Indian Chris Gayle's record of 553 sixes in international cricket heading into the match against Pakistan. After Saturday's match, Rohit also became only the third batter - after Gayle and Pakistan's Shahid Afridi - to smash 300 sixes in one-day internationals. "I have been trying to bat like this in the last two years," Rohit said of his batting approach in the World Cup. His 11 sixes from three matches in the ongoing World Cup is second only to Sri Lankan Kusal Mendis' 14 from two matches.

Persons: Narendra Modi, India's Rohit Sharma, Pakistan's Iftikhar Ahmed, Shaheen Afridi, Francis Mascarenhas, Marais Erasmus, Rohit Sharma's, Hardik Pandya, Rohit, Erasmus, Pandya, Chris Gayle's, Gayle, Pakistan's Shahid Afridi, Mendis, Dinesh Karthik, Rohit Sharma, there's, Karthik, Amlan Chakraborty, Muralikumar Organizations: Cricket, ICC Cricket, Shaheen Afridi REUTERS, Rights, Pakistan, Narendra, West, Sri, Sky Sports, Thomson Locations: India, Pakistan, Ahmedabad, Rights AHMEDABAD, Sri Lanka, Sri Lankan, Bangladesh, Pune

☆ How India's foreign policy decisions will test its superpower ambitions
▼ + stars: | 2023-09-13 | by ( Nessa Anwar | ) www.cnbc.com time to read: +1 min

Karthik Nachiappan, who researches Indian foreign policy at the National University of Singapore, noted that the country has a growing influence in the Global South, which is mainly made up of countries in Africa, Asia and Latin America. "Non-alignment has been a primary strategy that has covered Indian foreign policy through the decades," Nachiappan told CNBC. However, India's policy of non-alignment has incrementally transformed into a policy of multi-alignment over the years, Nachiappan added. Don McLain Gill, a geopolitical analyst at De La Salle University, says India has an independent approach to its foreign policy. But as the world becomes more polarized, India's foreign policy decisions will test the country's superpower ambitions.

Persons: it's, Karthik Nachiappan, Nachiappan, Don McLain Gill, Gill Organizations: National University of Singapore, CNBC, De La Salle University Locations: India, Germany, Japan, China, United States, Ukraine, Russia, Africa, Asia, Latin America

MUMBAI, June 27 (Reuters) - Goswami Infratech, a Shapoorji Pallonji group entity, closed India's largest debt issue from a low-rated company on Tuesday, signalling growing interest in high-yielding debt from local and global private credit funds, bankers and fund managers said. Goswami Infratech accepted bids worth 143 billion rupees ($1.74 billion), including from Edelweiss Special Opportunities Fund, Davidson Kempner, Ares Capital Management, Varde Partners and Cerberus Capital Management, the bankers said. "We are seeing money coming in from global asset managers, international development financial institutions and large pension funds in Indian private credit funds," said Vineet Sukumar, founder of Vivriti Asset Management, which also manages a private credit fund. Two recent changes in regulation have also provided a boost to private credit funds. The tweaks have led to more funds from high net worth individuals and family offices flowing into private credit funds, while elevated yields are further leading to attractive investment opportunities.

Persons: Goswami Infratech, Davidson Kempner, Sukumar, Ajay Manglunia, Saurabh Jhalaria, Karthik Athreya, Sundaram, Dharamraj Dhutia, Bhakti, Sohini Goswami Organizations: Edelweiss, Fund, Ares Capital Management, Varde Partners, Cerberus Capital Management, Deutsche Bank, Standard Chartered Bank, Ares, Vivriti Asset Management, JM Financial, EY, Asset Management, Thomson Locations: MUMBAI, India

☆ India's Modi is on a landmark visit to the U.S. Here's what to expect
▼ + stars: | 2023-06-21 | by ( Charmaine Jacob | ) www.cnbc.com time to read: +10 min

"This is a very important visit, it is as much about India reaching out to the U.S., as it is about the U.S. reaching out to India," Pant said. Energy: Reliance on Russian oilAlthough India's purchase of Russian weapons could fall, the same can't be said for oil. When Western nations imposed sanctions on Russian oil as a result of the unprovoked war in Ukraine, India doubled down on its purchases. Russian oil currently accounts for almost 20% of India's annual crude imports, a significant increase from just 2% in 2021, Reuters reported. But India has continued to buy cheap Russian oil since and continues trading with the country despite global sanctions on the Kremlin.

Persons: Joe Biden, Narendra Modi, Harsh, Pant, Biden, Emmanuel Macron, Yoon Suk, Aamer, Vladimir Putin, Alexandr Demyanchuk, Modi, Manjari Miller, Lisa Curtis, Curtis, Karthik Nachiappan, Ashley Tellis, Amit Ranjan, India, Ranjan, —, Tesla, Elon Musk, Tim Cook, Google's Sundar Pichai, Satya Nadella, Raj Subramaniam Organizations: Indian, White House, Getty, U.S, Observer Research Foundation, South, Asia Society Policy Institute, CNBC, Kremlin, Reuters, Shanghai Cooperation Organization, Afp, India's Ministry of Defense, Council, Foreign Relations, NATO, Pacific Security, Center, New, New American Security, Carnegie Endowment, International Peace, Institute of South Asian Studies, National University of Singapore, Energy, Reliance, NUS Institute of South Asian Studies, Technology, China Partnerships, Emerging Technology Locations: Washington ,, India, U.S, Delhi, South Asia, Russia, Ukraine, Samarkand, Pakistan, New American, China, United States, Asia, New York

☆ India plans to ask lawyers to report clients' dubious transactions
▼ + stars: | 2023-06-15 | by ( Nikunj Ohri | ) www.reuters.com time to read: +3 min

The authorities believe the plan will help in faster recognition of dubious transactions involving shell companies and money laundering. The plan is to implement recent recommendations of the FATF which require lawyers, notaries, other independent legal professionals and accountants to report suspicious transactions, and maintain a record of transactions undertaken for clients, said the first source. "If lawyers are brought under the money laundering law, it will breach the trust between client and attorney and impact privilege communications," said senior lawyer Hiten Venegaonkar. Other countries such as the United Kingdom and Australia have anti-money laundering requirements for law firms and lawyers, said K.V. India is currently compliant with FATF regulations but even within the compliant category, FATF assigns scores to various countries based on strength of regulations and implementation of these.

Persons: Hiten Venegaonkar, Venegaonkar, K.V, Karthik, Nikunj Ohri, Kim Coghill Organizations: Reuters, Money, Bar, Deloitte Touche, Thomson Locations: DELHI, New Delhi, United Kingdom, Australia, India

☆ Explainer: What India's decision to scrap its 2000-rupee note means for its economy
▼ + stars: | 2023-05-20 | by ( Ira Dugal | ) www.reuters.com time to read: +3 min

MUMBAI, May 20 (Reuters) - India will withdraw its highest denomination currency note from circulation, the central bank said on Friday. WHY DID THE GOVERNMENT WITHDRAW 2000-RUPEE NOTES? When 2000-rupee notes were introduced in 2016 they were intended to replenish the Indian economy's currency in circulation quickly after demonetisation. However, the central bank has frequently said that it wants to reduce high value notes in circulation and had stopped printing 2000-rupee notes over the past four years. The value of 2000-rupee notes in circulation is 3.62 trillion Indian rupees ($44.27 billion).

☆ Here are the top skills you will need for an 'A.I.-powered future,' according to new Microsoft data
▼ + stars: | 2023-05-09 | by ( Goh Chiew Tong | ) www.cnbc.com time to read: +5 min

Working alongside artificial intelligence will be "as inherent" as how we work with the internet — and employees need to equip themselves with skills for this new future, said Microsoft. Working alongside artificial intelligence will be "as inherent" as how we work with the internet — and employees need to equip themselves with skills for this new future. AI skill sets leaders think employees will needAccording to Microsoft, 82% of leaders globally and 85% of leaders in Asia Pacific said employees will need new skills in an "AI-powered future." The report found that the three top skills that leaders believe are essential are analytical judgment, flexibility and emotional intelligence. These are skills that are "new core competencies," added Microsoft, not just for technical roles or AI experts.

☆ HDFC Bank vs. SBI? This strategist names his favorite stock pick among Indian banks
▼ + stars: | 2023-04-13 | by ( Ganesh Rao | ) www.cnbc.com time to read: +3 min

Despite the benefits of heavy deposit flows and strong deposit growth in a slow growth environment, State Bank of India (SBI) has seen its stock price fall year-to-date due to its controversial exposure to Adani. The consensus price target of all analysts compiled by FactSet also points toward 717 rupees a share, which represents a 36% upside. SBIN-IN HDFCBANK-IN 1Y line SBI shares are also traded over the counter in the U.S. and the London and Frankfurt stock exchanges. HDFC over SBI If taking a more constructive long-term view on Indian banks as a whole, Chadha prefers HDFC Bank over SBI because it is merging with HDFC — which he describes as having "huge implications" — creating an almost $300 billion financial behemoth. HDFC Bank shares are up 4% this year and analysts' price target points to a further 13% upside over the next 12 months.

☆ In the midst of the AI boom, investors are doubling down on diligence. Here are the five questions VCs are asking every generative AI startup during pitches.
▼ + stars: | 2023-03-02 | by ( Stephanie Palazzolo | ) www.businessinsider.com time to read: +7 min

Buzzy generative AI startups have so far avoided the troubles plaguing the rest of the tech world. Here are the five diligence questions investors are asking generative AI startups, according to VCs. But for generative AI startups, 2023 has been much of the same — and that hasn't been a bad thing. Insider spoke with eight of these VCs about the top five questions they're asking generative AI startups during diligence processes. One hallmark of generative AI startups are their eye-staggering round sizes.

☆ See the photos that won National Geographic’s ‘Pictures of the Year’ contest
▼ + stars: | 2023-02-17 | by ( Audrey Wan | ) www.cnbc.com time to read: +5 min

National Geographic announced the winning photographs from its first "Pictures of the Year" photo competition. The photo will be featured in an upcoming issue of National Geographic's U.S. magazine. Their photos will be published on National Geographic's Your Shot Instagram page, which has some 6.5 million followers. Salt wells on a hillside in the Salt Mines of Maras in Peru. An LiThe mines comprise around 4,500 salt wells, each of which produces some 400 pounds of salt per month.

☆ Strength of 'weak ties': How casual contacts can boost your career
▼ + stars: | 2023-01-11 | by ( Chris Taylor | ) www.reuters.com time to read: +5 min

That is what researchers call “weak ties” - and they can be surprisingly critical to your career path. "Weak ties give you access to a lot more information.”Among New Year’s resolutions, finding a better job or career ranks high on many lists. Then set up informational interviews with new weak ties that result, and your job search will be cooking with gas. “Look for people who tend to run in a lot of circles, because they’re the ones who can introduce you to new weak ties,” said Augustine. REACH OUTOne barrier to leveraging weak ties is that people tend to feel uncomfortable about it.

☆ Silicon Valley startup Actual made climate action into a SimCity-like game. Sheep farmers are the first players.
▼ + stars: | 2022-12-09 | by ( Catherine Boudreau | ) www.businessinsider.com time to read: +6 min

The startup modeled hundreds of sheep farms in New Zealand to show ways to reduce emissions. So how do you get hundreds of sheep farmers to adopt new practices to reduce greenhouse-gas emissions and store more carbon in their land? Enter Actual, a Silicon Valley startup that's trying to make decarbonization efforts similar to playing the video game SimCity. Actual relies on a visual and interactive experience to help companies better understand how to take action on their climate goals. Brands like Allbirds, Helly Hansen, and Icebreaker have bought in, too, because they are trying to reduce emissions in their own supply chains.

☆ Virat Kohli shines as India beats Pakistan in T20 World Cup cliffhanger
▼ + stars: | 2022-10-23 | by ( Reuters Staff | ) edition.cnn.com time to read: +2 min

Virat Kohli struck an imperious half-century and Ravichandran Ashwin was cool at the death as India secured a four-wicket win on the final ball against arch-rivals Pakistan at the T20 World Cup on Sunday in front of a huge Melbourne Cricket Ground crowd. Kohli was bowled off the free hit on the next ball but the ball rattled for three byes off the stumps. Fans show their support during the ICC Men's T20 World Cup match between India and Pakistan at Melbourne Cricket Ground. “All credit to Hardik Pandya and Virat Kohli,” said Pakistan captain Babar Azam. “They shifted the momentum and finished the game well … We had a chance, and we just asked the boys to believe in themselves, but again credit to Virat Kohli.”

Many of the most destructive and potentially deadly impacts of a hurricane — including storm surge, flooding and rainfall — are not accounted for in a storm's category number. "Hurricane Ian is a very large, slow-moving hurricane. "There have been several alternative scales proposed over the years and none have gained enough attention or traction by the National Hurricane Center," Collins said. "It is important to have such evidence before even proposing to the National Hurricane Center that this should be considered as a replacement." Kantha said the National Hurricane Center acts conservatively and carefully with changes, particularly those with legal implications.

REUTERS/Anindito Mukherjee/FilesMUMBAI, Sept 23 (Reuters) - Indian banks may be forced to compete harder to boost deposits amid tightening liquidity and rising credit demand ahead of the festive season, analysts warned. "We think the real challenge is the gap between deposit growth and loan growth, as deposit growth is weak, at 9.5% YoY – a good 600 bps below loan growth," said Suresh Ganapathy, head of financials research at Macquarie. "Borrowing from the market to fund credit growth is just one of the ways and after a while it isn't sustainable. Rates for bulk deposits, or deposits of over 20 million rupees, are rising more rapidly than retail, highlighting banks' focus on raising more funds quicker. The incremental credit deposit ratio has already crossed 100%, suggesting that banks have started lending more than the total deposits they hold.

☆ Wine scammers — Quitting to hike Everest — LA’s most expensive apartment
▼ + stars: | 2021-09-17 | by ( Jordan Parker Erb | ) www.businessinsider.com time to read: +3 min

This week, we're taking you to Mount Everest, giving you a tour of Los Angeles' most expensive apartment, and showing you how high-end wineries are fighting back against scammers. As some have dove into their passion projects, other die-hard athletes are quitting their jobs to climb Mount Everest or hike the Appalachian Trail. Peter Dazeley/Getty ImagesExperts estimate that about 20% of wine sold worldwide is fake — so high-end wineries are going to great lengths to fend off new-age scammers. See how high-end wineries are fighting back against scammers. We spoke with O'Neill, who took us through her daily routine during fashion week, working 7 a.m. to midnight leading up to her show.

In the video, one of the columns — labeled M11.1 in the original drawings — is not visible. It is unclear whether that column, which was near the portion of the building that would soon collapse first, had failed or whether it could not be seen because of debris that could have fallen from above. Video by Adriana Sarmiento via Storyful

Persons: Adriana Sarmiento

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