*By Christian Smith*
In a final push before bringing its collapsible, baseball cap-style helmets to market, Park & Diamond launched an Indiegogo campaign on Tuesday ー and hit its goal of $50,000 within an hour.
The company, which was founded in 2015, makes helmets shaped like baseball caps in a safety-first effort to encourage riders to wear protective gear while cycling or taking other modes of alternative transport, co-founder and CEO Jordan Klein said Tuesday in an interview on Cheddar.
"We really are going after people who traditionally would not be a helmet user," he said.
It's a cause that is especially important to David Hall, the company's other co-founder and president. Hall's sister went into a four-month-long coma after she was hit by a car while biking at the corner of Park and Diamond streets near Virginia Tech's campus. It was that very accident that led Hall and Klein, then both engineering students at the university, to create their company with the goal of reducing the 85,000 severe traumatic brain injuries that result each year from cycling accidents in the U.S.
"We interviewed thousands of people after Rachel's accident, and we found that people don't wear helmets because they're uncomfortable, they're ugly, and then most importantly they're not collapsible; you can't take them everywhere you need to go," Klein said.
While it may have been a biking accident that launched the idea for Park & Diamond, Klein said the company has other ambitions.
"We may have started around Dave's personal story ー around bike helmets ー but really we're passionate about alternative transportation and safe alternative transportation," Klein said.
Klein and Hall have been in contact with many mobility companies ー including Uber and Lime ー since Park & Diamond was founded. Ultimately, the co-founders want to forge partnerships to spread their mission of safety.
Park & Diamond's helmet is available for pre-order on the company's [website](https://www.park-and-diamond.com/) for $79.
For full interview [click here](https://cheddar.com/videos/the-company-thats-making-helmets-cool-again).
With high healthcare costs, bills can quickly add up. In some cases, it is possible to negotiate your medical bills. Barak Richman, law professor at George Washington University, joined Cheddar News to discuss the easiest way to talk to medical debt companies about what's owed.
Millions of people have selected insurance plans for 2024 but sometimes navigating them can be tricky time consuming and expensive. Paula Pant, host of 'Afford Anything' podcast, joined Cheddar News to break down what's needed to know about their insurance plans.
The European Union is investigating Elon Musk's X over alleged illicit content and disinformation on its platform. Cheddar News breaks it all down and discusses what it could mean for users.
Adobe and Figma called off their $20 million merger, Southwest Airlines gets fined, Nippon Steel is buying U.S. Steel and oil and gas prices surge after a pause in shipments.
With more employees being called back to the office, many workers are suddenly protesting by being in the office for as little time as possible. As the term suggests, coffee-badging means coming in for just enough time to have a cup of coffee, show your face, and swipe your badge.
Japan's Nippon steel is buying U.S. Steel for $14.9 billion.
Southwest Airlines will pay a $35 million fine as part of a settlement over a 2022 holiday season disaster that saw the airline cancel thousands of flights and leave millions of people stranded.
Cheddar News' Need2Know is brought to you by Securitize, which helps unlock broader access to alternative investments in private businesses, funds, and other alternative assets. The private credit boom is here and the Hamilton Lane Senior Credit Opportunities Fund has tripled in assets under management in just six months from November 2022 through April this year. Visit Securitize.io to learn more.
Stocks opened slightly higher after Monday's opening bell after several weeks of gains as the year closes out.
Big Business This Week is a guided tour through the biggest market stories of the week, from winning stocks to brutal dips to the facts and forecasts generating buzz on Wall Street.
Load More