What's on Your Mind?

You are probably hearing other business owners refer to the term “the second bite” with a big smile on their faces. The second bite refers to the opportunity that arises after a business owner sells less than 100 percent of their ownership stake. By leaving chips on the table, business owners have the chance to partner with a private equity firm to accelerate growth and business value. This can lead to a second bite which comes during the next sale of the business. At some point, many great businesses reach an inflection point: a time when the owner wants a partner who can help preserve and enrich the future of the business (and do it in the right way). When a busine…

Jake Knapp is a designer, investor, and general partner at Character Capital. He has spent the last 25 years helping companies create products that people genuinely love. He helped build Gmail, co-founded Google Meet, and has worked with hundreds of startups, including Blue Bottle Coffee, One Medical, and Slack. What’s the big idea? The foundation of success is shockingly simple, and yet most teams get bogged down for months trying to strategize a new idea. Making your next big project a hit relies on creating a powerful Founding Hypothesis from the get-go. When done right, this method ensures that everyone’s voice gets heard, there is enough clarity to accelerate …

Purdue Pharma asked a bankruptcy judge late Tuesday to consider the latest version of its plan to settle thousands of lawsuits over the toll of the powerful prescription painkiller OxyContin, a deal that would have members of the Sackler family who own the company pay up to $7 billion. The filing is a milestone in a tumultuous legal saga that has gone on for more than five years. Under the deal the family members — estimated in documents from 2020 and 2021 to be worth about $11 billion — would give up ownership of the company in addition to contributing money over 15 years with the biggest payment up front. Family members resigned from Purdue’s board, stopped receiving…

A viral clip of a woman scrolling on a completely clear phone with no user interface briefly confused—and amused—the internet. But the truth turned out to be far more literal than most expected. Originally posted to TikTok by user CatGPT, the video quickly racked up over 52.9 million views. In the comments, some speculated it was a Nokia model; others guessed it came from the Nickelodeon show Henry Danger. “This looks like a social commentary or a walking art exhibit. I’m too uncultured to understand,” one user commented. “It’s from a Black Mirror episode,” another wrote. Turns out, it was none of the above. Just a piece of plastic. The woman seen in l…

After years of AI disrupting industries and streamlining repetitive workflows, the technology is now poised to transform animation. In 2024, director and writer Tom Paton’s AiMation Studios released Where the Robots Grow, a fully AI-animated feature film. Everything from animation and voice acting to music was generated using AI, at a cost of just $8,000 per minute—totaling around $700,000 for the 87-minute production. While IMDB reviewers criticized the film as “soulless and uninspired,” it proved that AI can deliver full-length animated features at a fraction of traditional budgets. But it’s not just filmmakers driving this shift. Indie game developers want to prototy…

Spring is officially here. It’s beautiful outside, and let me guess: You are spending all of your time indoors. Don’t worry, you’re in good company. On average people spend 90% of their time indoors. Not to mention that the other 10% is probably mostly spent in cars or other built environments. Workers in cubicles spend eight hours every day in a small gray box, separated from human interaction, marinating in stagnant air and fluorescent lighting. It’s cramped, uncomfortable, and unhealthy. One 2018 study found that workers in cubicles were 31.83% less active and reported being 9.10% more stressed at the office compared with workers in open bench seating. Not to menti…

A century ago, Guccio Gucci opened a boutique in Florence, Italy, that sold high-end leather luggage to well-heeled travelers. He infused his brand with all kinds of unique design elements that would become iconic, including the double-G insignia and bamboo handles. Guccio’s oldest son, Aldo, would go on to transform the label into one of the best-known luxury brands in the world, alongside Chanel, Louis Vuitton, and Prada. Aldo’s granddaughter, Alexandra Gucci Zarini, heard a lot about the origins of her family’s business around the dining table when she was growing up. She wanted to follow in her great-grandfather’s footsteps by becoming a fashion designer. But by t…

In recent years, Venture Capital-as-a-Service (VCaaS) has become more predominant since it offers more flexibility than the traditional VC model. It is designed perfectly for corporations, family offices, and sovereign wealth funds that want to engage in startup investment without managing a full-fledged VC team. Let’s understand the mechanics behind VCaaS and why corporations are embracing it. What is VCaaS? As an innovative, effective model, VCaaS is designed with an established VC firm which works for a corporation or institutional client to invest on its behalf. By using this model, the corporation or client benefits from startup innovation, access to deals, an…

Congress may stop California from implementing its first-in-the nation rule banning the sale of new gas powered cars by 2035. A Senate vote expected as soon as this week could end the nation’s most aggressive effort to transition toward electric vehicles as President Donald The President’s administration doubles down on fossil fuels. California makes up roughly 11% of the U.S. car market, giving it significant power to shape purchasing trends. Vehicles are one of the largest sources of planet-warming emissions. The Republican-controlled Congress is targeting three California waivers that set stricter emissions rules than the federal government. The House voted to block…

Michael Long is not the typical neuroscience guy. He was trained as a physicist, but is primarily a writer. He coauthored the international bestseller The Molecule of More. As a speechwriter, he has written for members of Congress, cabinet secretaries, presidential candidates, and Fortune 10 CEOs. His screenplays have been performed on most New York stages. He teaches writing at Georgetown University. What’s the big idea? Dopamine is to blame for a lot of your misery. It compels us to endlessly chase more, better, and greater—even when our dreams have come true. Thanks to dopamine, we often feel restless and hopeless. So no, maybe it’s not quite accurate to call it…

Booking travel has become a bit of a game—especially if you want to get the best possible prices and avoid getting ripped off. That’s because hotels and airlines have developed the lovely habit of futzing around endlessly with their rates. Depending on when, exactly, you go to book the room or flight you want, you might end up being charged way more than if you waited a few days or even hours for prices to drop. The problem is that it’s damn-near impossible to figure out the logic behind it and know the right time to buy. And who among us has the time or energy to stay on top of that and keep checking back at all hours with the hope of magically stumbling onto a m…

When I visited Malaysia and Singapore as a child, I was always curious about the many Chinese herbalist shops we’d pass on busy shopping streets. They looked like they were from another universe. As I peered through the windows, there were glass canisters full of mysterious ingredients: goji berry, bird’s nests, pearl dust, tiger bones, gazelle antlers. We never went inside. My parents—who were trained as a nurse and a biochemist respectively—brushed aside Traditional Chinese Medicine (TCM) as unscientific at best, and dangerous at worst. So I grew up skeptical of these practices. I rolled my eyes when people suggested taking ginseng tea to boost my energy. I stayed c…

Texas has more than 600 known cases of measles on Tuesday as the outbreak in the western part of the state approaches the three-month mark. The U.S. was up to 800 cases of measles nationwide on Friday. Two unvaccinated elementary school-aged children died from measles-related illnesses in the epicenter in West Texas, and an adult in New Mexico who was not vaccinated died of a measles-related illness. Other states with active outbreaks—defined as three or more cases—include Indiana, Kansas, Michigan, Montana, Oklahoma, Ohio, Pennsylvania, and New Mexico. The U.S. has more than double the number of measles cases it saw in all of 2024. North America has two other outbreak…

On 212 E 141st Place in Dolton, Illinois—just a few blocks from Andy’s hot dogs and Chuck’s Gun Shop & Pistol—resides a typical 5 bed, 3 bath, 1,200 sqft brick home that is about to become a landmark. Because it’s the childhood home of Robert Prevost, the cardinal who has just been elected to become the next Pope. Listed on Redfin for $199,000 at the time of publishing, the home matches an address and tax records first reported by South Cook News. It also aligns with Prevost’s personal history. Born and raised in the south suburbs of Chicago, he spent most of his life in the region. The home, constructed in 1949, is typical of this neighborhood, which is f…

Cargill Kitchen Solutions is recalling more than 212,000 pounds of Egg Beaters and Bob Evans liquid egg products because they may contain a cleaning solution with bleach, according to the U.S. Department of Agriculture. This recall comes at a time when egg prices have hit record highs as the country faces decreasing supplies due to an ongoing bird flu outbreak. Here’s what to know. What’s included in the liquid egg recall? The recall covers 212,268 pounds of liquid egg products, which were produced on March 12 and March 13 and distributed in eight states: Arizona, California, Colorado, Florida, Illinois, Iowa, Ohio, and Texas, and possibly nationwide, accor…

In an era where nearly everything we do carries a digital footprint, experts warn that our freedoms are increasingly under attack. But the average internet user can take steps to fight back against threats that range from mass surveillance to the decline of net neutrality to changes to the very architecture of the internet. The American Civil Liberties Union (ACLU) is calling on people to become involved in the nonprofit’s wide-ranging work at the intersection of technology and civil liberties. Last month, for example, it filed Freedom of Information Act (FOIA) requests seeking transparency about DOGE’s access to Americans’ personal information and has a petition for…

It’s no secret that when it comes to simplicity and convenience, insurance has lagged behind modern businesses across most industries. While many legacy products have been overturned by newer, intuitive solutions or adapted to meet today’s consumers’ needs, insurance offerings have remained a complex anomaly—built more for business and regulatory needs rather than real people. We already know that healthcare in America is too expensive, and far too many people simply can’t afford to get sick. Health insurance deductibles are at an all-time high, while denied and delayed claims payments persist. Insurance companies have continued making money while a staggering number …

Fast-fashion clothing chain Forever 21 is reportedly getting ready to shutter hundreds of locations as it considers filing for Chapter 11 bankruptcy protection. If it does, it would be the second wave of mass store closings and second bankruptcy that the chain has undergone in less than six years. Here’s what you need to know about Forever 21’s reported closures. Forever 21 may close 200 stores—or all of them This week, Bloomberg reported that Forever 21 may close 200 locations in the United States as part of a potential second bankruptcy process that the retailer is considering. If Forever 21 can’t find a buyer during the bankruptcy process, the chain would report…

The U.S. Federal Trade Commission on Monday sued Uber Technologies, accusing it of signing up some Uber One subscribers without their knowledge and making deceptive claims about the service. The service costs $9.99 a month and offers discounts on fees associated with Uber’s ride-hailing and food-delivery apps. Uber falsely claimed that users would save about $25 a month through the service and deceived them about how easy it was to cancel, the FTC said in the lawsuit filed in San Francisco. “Americans are tired of getting signed up for unwanted subscriptions that seem impossible to cancel,” FTC Chairman Andrew Ferguson said. “The The President-Vance FTC is fig…

Given all the recent bad news on the world stage, from tariffs wars to the war in Ukraine, it is no wonder Swedes are tuning in, for a moment of zen, to watch a livestream of “The Great Moose Migration” (loosely translated from the Swedish, “Den stora älgvandringen“). The 24-hour event, which runs for 20 days straight, kicked off on Tuesday. It has been providing soothing entertainment for millions of Swedes each year, around this time, since it first aired in 2019. That first year, nearly one million Swedes tuned in to literally watch moose walk through forests and swim across the Ångerman River, all captured by remote cameras and drones, per the Associated Press. By…

At least half of the people I coach identify delegation as an area that they’d like to improve. Delegating can be a real challenge because—let’s face it—it’s tough to let go of control. Many of us believe that if we want something done right, we have to do it ourselves. Plus, it takes effort to explain the task, trust someone else to do it, and then follow up. Sometimes, it feels like it’s just easier to do it ourselves rather than invest the time in teaching someone else. But in the long run, this mindset can lead to burnout and missed opportunities for growing and developing our team members. So, while delegating may feel like a hurdle, it’s a crucial skill fo…

At a recent fundraising event, I stood backstage with a young woman waiting to give a speech in front of 550 people to honor her alma mater. She was visibly nervous; I watched as she paced, taking deep breaths to calm the adrenaline that was flooding her body, twisting her hands, and looking toward the stage door as if she might try to make a run for it. As a charity auctioneer who has spent more than two decades on stages around the world commanding rooms filled with thousands of people, I know that feeling. There were so many nights in the beginning of my career when I felt the same way. But spending 1,000-plus nights onstage has given me plenty of practice to learn…