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Lolly Wolly Doodle
Lolly Wolly Doodle is an American company that manufactures women's and children's clothing for sale online. It was founded in 2008 in Lexington, North Carolina, and is now owned by investment firm Stage Fund. After investments by venture capitalists such as Revolution Growth, it expanded to include production facilities in New York City. Lolly Wolly Doodle sells most of its products through its Facebook page. Frydenlund claims the company was once the largest business on that site. It is considered by some business journalists to have succeeded in using Facebook as a sales platform where larger, established retailers had failed. The company takes a fast fashion approach to product development and production. Since it offers custom services like monogramming, it uses just-in-time production; its workers have been compared to short-order cooks. The network effects of distributing through a prominent social media site eliminate the need to spend money on marketing or advertis ...
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Privately Held Company
A privately held company (or simply a private company) is a company whose shares and related rights or obligations are not offered for public subscription or publicly negotiated in the respective listed markets, but rather the company's stock is offered, owned, traded, exchanged privately, or Over-the-counter (finance), over-the-counter. In the case of a closed corporation, there are a relatively small number of shareholders or company members. Related terms are closely-held corporation, unquoted company, and unlisted company. Though less visible than their public company, publicly traded counterparts, private companies have major importance in the world's economy. In 2008, the 441 list of largest private non-governmental companies by revenue, largest private companies in the United States accounted for ($1.8 trillion) in revenues and employed 6.2 million people, according to ''Forbes''. In 2005, using a substantially smaller pool size (22.7%) for comparison, the 339 companies on ...
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Social Media
Social media are interactive media technologies that facilitate the creation and sharing of information, ideas, interests, and other forms of expression through virtual communities and networks. While challenges to the definition of ''social media'' arise due to the variety of stand-alone and built-in social media services currently available, there are some common features: # Social media are interactive Web 2.0 Internet-based applications. # User-generated content—such as text posts or comments, digital photos or videos, and data generated through all online interactions—is the lifeblood of social media. # Users create service-specific profiles for the website or app that are designed and maintained by the social media organization. # Social media helps the development of online social networks by connecting a user's profile with those of other individuals or groups. The term ''social'' in regard to media suggests that platforms are user-centric and enable communal ac ...
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Seed Money
Seed money, sometimes known as seed funding or seed capital, is a form of securities offering in which an investor invests capital in a startup company in exchange for an equity stake or convertible note stake in the company. The term ''seed'' suggests that this is a very early investment, meant to support the business until it can generate cash of its own (see cash flow), or until it is ready for further investments. Seed money options include friends and family funding, seed venture capital funds, angel funding, and crowdfunding. Usage Traditionally, companies that have yet to meet listing requirements or qualify for bank loans, recognize VC as providers of financial support and value added services. Seed money can be used to pay for preliminary operations such as market research and product development. Investors can be the founders themselves, using savings and loans. They can be family members and friends of the founders. Investors can also be outside angel investors, ventu ...
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Pinterest
Pinterest is an American image sharing and social media service designed to enable saving and discovery of information (specifically "ideas") on the internet using images, and on a smaller scale, animated GIFs and videos, in the form of pinboards. The site was created by Ben Silbermann, Paul Sciarra, and Evan Sharp, and had 433 million global monthly active users as of July 2022. It is operated by Pinterest, Inc., based in San Francisco. History The idea for ''Pinterest'' emerged from an earlier app created by Ben Silberman and Paul Sciarra called Tote which served as a virtual replacement for paper catalogs. Tote struggled as a business, significantly due to difficulties with mobile payments. At the time, mobile payment technology was not sophisticated enough to enable easy on-the-go transactions, inhibiting users from making many purchases via the app. Tote users were, however, amassing large collections of favorite items and sharing them with other users. The behavior struck ...
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Vine (software)
Vine was an American short-form video hosting service where users could share six-second-long looping video clips. It was originally launched on January 24, 2013 by Vine Labs, Inc., bought by Twitter the year before; the service was shut down in October 2016 and the app was discontinued a few months later. Videos published on Vine's social network could also be shared on different social networking platforms such as Facebook and Twitter. The Vine app was also used to browse videos, along with a group of videos that were uploaded by theme, and hoping that users could "trend" videos. Vine competed with other social media services such as Instagram and Snapchat. By December 2015, Vine had over 200 million active users. On October 27, 2016, Twitter announced that it would disable all uploads, but that viewing and download would continue to work. On January 20, 2017, Twitter launched an Internet archive of every Vine video that had ever been published. The archive was officially di ...
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MakerBot
MakerBot Industries, LLC is an American desktop 3D printer manufacturer company headquartered in New York City. It was founded in January 2009 by Bre Pettis, Adam Mayer, and Zach "Hoeken" Smith to build on the early progress of the RepRap Project. It was acquired by Stratasys in June 2013. , MakerBot has sold over 100,000 desktop 3D printers worldwide. Since 2009, the company has released 6 generations of 3D printers, with the latest being the Replicator+ and Replicator Mini+. It was the leader of the desktop market with an important presence in the media but its market share is in decline. MakerBot also founded and operates Thingiverse, the largest online 3D printing community and file repository. History Smith was one of the founding members of the RepRap Research Foundation, a non-profit group created to help advance early research in the area of open-source 3D printers. Bre Pettis got inspired during an art residency in Vienna with Johannes Grenzfurthner/monochrom in 2007 ...
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Charlotte, North Carolina
Charlotte ( ) is the most populous city in the U.S. state of North Carolina. Located in the Piedmont region, it is the county seat of Mecklenburg County. The population was 874,579 at the 2020 census, making Charlotte the 16th-most populous city in the U.S., the seventh most populous city in the South, and the second most populous city in the Southeast behind Jacksonville, Florida. The city is the cultural, economic, and transportation center of the Charlotte metropolitan area, whose 2020 population of 2,660,329 ranked 22nd in the U.S. Metrolina is part of a sixteen-county market region or combined statistical area with a 2020 census-estimated population of 2,846,550. Between 2004 and 2014, Charlotte was ranked as the country's fastest-growing metro area, with 888,000 new residents. Based on U.S. Census data from 2005 to 2015, Charlotte tops the U.S. in millennial population growth. It is the third-fastest-growing major city in the United States. Residents are referr ...
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Invoice
An invoice, bill or tab is a commerce, commercial document issued by a sales, seller to a buyer relating to a sale transaction and indicating the product (business), products, quantities, and agreed-upon prices for products or Service (economics), services the seller had provided the buyer. Discounts and allowances, Payment terms are usually stated on the invoice. These may specify that the buyer has a maximum number of days to pay and is sometimes offered a discount if paid before the due date. The buyer could have already paid for the products or services listed on the invoice. To avoid confusion and consequent unnecessary communications from buyer to seller, some sellers clearly state in large and capital letters on an invoice whether it has already been paid. From a seller's point of view, an invoice is a ''sales invoice''. From a buyer's point of view, an invoice is a ''purchase invoice''. The document indicates the buyer and seller, but the term ''invoice'' indicates mone ...
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PayPal
PayPal Holdings, Inc. is an American multinational financial technology company operating an online payments system in the majority of countries that support online money transfers, and serves as an electronic alternative to traditional paper methods such as checks and money orders. The company operates as a payment processor for online vendors, auction sites and many other commercial users, for which it charges a fee. Established in 1998 as Confinity, PayPal went public through an IPO in 2002. It became a wholly owned subsidiary of eBay later that year, valued at $1.5 billion. In 2015 eBay spun off PayPal to its shareholders, and PayPal became an independent company again. The company was ranked 143rd on the 2022 Fortune 500 of the largest United States corporations by revenue. History Early history PayPal was originally established by Max Levchin, Peter Thiel, and Luke Nosek in December 1998 as Confinity, a company that developed security software for hand-held de ...
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Pattern (sewing)
In sewing and fashion design, a pattern is the template from which the parts of a garment are traced onto woven or knitted fabrics before being cut out and assembled. Patterns are usually made of paper, and are sometimes made of sturdier materials like paperboard or cardboard if they need to be more robust to withstand repeated use. The process of making or cutting patterns is sometimes compounded to the one-word Patternmaking, but it can also be written pattern(-)making or pattern cutting. A sloper pattern (home sewing) or block pattern (industrial production) is a custom-fitted, basic pattern from which patterns for many different styles can be developed. The process of changing the size of a finished pattern is called grading. Several companies, like Butterick and Simplicity, specialize in selling pre-graded patterns directly to consumers who will sew the patterns at home. Commercial clothing manufacturers make their own patterns in-house as part of their design and producti ...
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Incorporation (business)
Incorporation is the formation of a new corporation. The corporation may be a business, a nonprofit organization, sports club, or a local government of a new city or town. In the United States Specific incorporation requirements in the United States differ on a state by state basis. However, there are common pieces of information that states require to be included in the certificate of incorporation. *Business purpose *Corporation name *Registered agent *Inc. *Share par value *Number of authorized shares of stock *Directors *Preferred shares *Officers *Legal address A business purpose describes the incorporated tasks a company has to do or provide. The purpose can be general, indicating that the budding company has been formed to carry out "all lawful business" in the region. Alternatively, the purpose can be specific, furnishing a more detailed explanation of the products and/or services to be offered by their company. The chosen name should be followed with a corporate iden ...
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Polly Wolly Doodle
"Polly Wolly Doodle" is a traditional American children's song. It was sung by Dan Emmett's Virginia Minstrels, who premiered at New York's Bowery Amphitheatre in February 1843, and is often credited to Emmett (1815–1904). It was known to have been performed by the Yale Glee Club in 1878, and was first published in a Harvard student songbook in 1880. "Polly Wolly Doodle" appears in the manuscript for Laura Ingalls Wilder's novel, ''These Happy Golden Years'' (1943), exactly as it is used in the published version. The melody of the song, as it is usually sung, formed the basis for Boney M.'s hit "Hooray! Hooray! It's a Holi-Holiday" in 1979, and for Alexandra Burke's song " Start Without You". The tune is also found in children's music, including the Sunday school song "O-B-E-D-I-E-N-C-E", "Radio Lollipop" by the German group die Lollipops, and the ''Barney & Friends'' songs "Alphabet Soup" (using only the tune of the first verse) and "If I Had One Wish" (which uses both ve ...
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