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Daniel Lubetzky, billionaire founder of Kind Snacks, attributes his success to a simple decision: surrounding himself with people who feel comfortable giving him honest, raw feedback. Lubetzky founded Kind Snacks in 2004, initially running it on a shoestring budget before accepting roughly $16 million of outside funding in 2008. Just over a decade later, Kind was acquired by food giant Mars for a reported $5 billion in 2020. "Environments that discourage hearty debate are shockingly common," Lubetzky says. You should also prioritize people who are "kind" over people who are "nice," Lubetzky says.
Persons: Daniel Lubetzky, Lubetzky, , Forbes, Rick Nucci, Nucci Organizations: CNBC
Nucci co-founded Guru, a 150-employee Philadelphia-based enterprise software startup, in 2013. He'd launched a startup before — a cloud software startup called Boomi, which was acquired by Dell in 2010 and then sold for $4 billion in 2021 — but he'd never been a CEO. He quickly realized that his words "carried a certain weight" as everyone's boss, he says. In a sense, Nucci discouraged a specific kind of toxic atmosphere, where rampant aggressive criticism results in downtrodden employees. By doing so, he put Guru on a path to a different type of toxic workplace, he says — where a lack of honest and clear communication could lead to languishing projects and frustrations boiling over.
Persons: Rick Nucci, Nucci, He'd, he'd, Guru Organizations: Dell, CNBC, Workers Locations: Philadelphia
This could disrupt the way software is created, distributed, and used, VCs and startup founders say. This outcome would flip the traditional software industry on its head, calling into question the value of SaaS companies in a world where everyday people can build software themselves. "This is the final chapter of software eating the world, where a bunch of people can create enterprise software within the enterprise." A 'healthy pressure' for traditional SaaS providersTo be sure, the death of the traditional software company still seems a long way off. However, even skeptics admit that the threat of generative AI to traditional SaaS will push established software companies to prove their worth.
The Emilia Romagna Grand Prix, scheduled for this weekend, has been canceled and the site evacuated. An aerial view of flooded houses in Cesena, where residents had to climb onto rooftops to escape high water levels. Water levels on northern Italy’s Lake Garda fell to record lows in February, with Venice experiencing unusually low tides. Formula 1 race canceledFormula 1 has announced the cancellation of this weekend’s Emilia Romagna Grand Prix because of heavy flooding in the region, citing safety concerns. The Emilia Romagna Grand Prix is the first event of the Formula 1 season in Europe and was scheduled to take place this weekend.
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