Jacqueline Pun

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Love Citi Bike? You Have A Real Estate Developer To Thank

Citigroup sponsors Citi Bike, but its existence and expansion are due to a powerful real estate developer’s interest in keeping it alive.<p>It would be a logical guess to believe that financial giant Citigroup owns New York City’s bike sharing system. It is, after all, called “Citi Bike,” and every …

I Went On Air At QVC And Sold Something To America

To reverse engineer the secret sauce driving QVC’s $8.8 billion business, I went to the network’s school, then sold a product on air.<p>It’s five minutes to air, and I’m practicing my “card tricks”–what I’ve come to see as my greatest nemesis. I have to open a wallet, reveal a mirrored metal battery …

Chinese Gaming Company Buys 60% Stake In Grindr

Grindr, the popular dating app for gay men, has sold a 60% stake to Chinese gaming company Beijing Kunlun Tech for $93 million, according to the <i>New York Times</i>. The $93 million investment now values the six-year-old dating app at $155 million. The remainder of the company’s shares continue to be …

How Often Do Kickstarter Projects Fail To Deliver?

The price for creativity and innovation: 1 in 10 funded projects never deliver to backers.<p>It started like a typical Kickstarter success story. A startup raised almost $1.5 million last fall for tiny new wireless headphones that claimed to be the first that could charge through a phone. They …

University of Pennsylvania

Macy's CEO Terry Lundgren Faces Several Different Threats

What’s a leader supposed to do in a position like Terry Lundgren’s? He’s the CEO of Macy’s (m) and a hero of retailing in his nearly 13 years running …