"Wool & Oak" Reached Their Kickstarter Goal in Less Than One Day
The founder behind luggage company Wool & Oak wanted a trendy, back-packing alternative to the traditional tourist bag. Now Wool & Oak is now out with their third Kickstarter campaign that was fully funded in less than 24 hours!
Johnathan Webster is the Founder and CEO of Wool & Oak. He joins Cheddar to explain why fans are so excited by this new line. Webster credits this success mainly to crowdfunding.
Webster says the best way to talk to the consumer is through crowdfunding. Webster explains that the new way to do the best research and development is to connect with the consumer through direct means, like crowd-funding.
Webster says Wool & Oak is trying to make travel fun again.
Ben & Jerry’s co-founder Jerry Greenfield is leaving the ice cream brand after 47 years. He says the freedom the company used to have to speak up on social issues has been stifled
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Swedish buy now, pay later company Klarna is making its highly anticipated public debut on the New York Stock Exchange Wednesday, the latest in a run of high-profile initial public offerings this year. The offering priced at $40 Tuesday, above the forecasted range of $35 to $37 a share, valuing the company at more than $15 billion. The valuation easily makes Klarna one of the biggest IPOs so far in 2025, which has been one of the busier years for companies going public. Other popular IPOs so far this year include the design software company Figma and Circle Internet Group, which issues the USDC stablecoin..
Oracle co-founder Larry Ellison wrested the title of the world’s richest man from longtime holder Elon Musk early Wednesday as stock in his software giant rocketed more than a third in a stunning few minutes of trading. That is according to wealth tracker Bloomberg. A college dropout, the 81-year-old Ellison is now worth $393 billion, Bloomberg says, several billion more than Musk, who had been the world’s richest for four years. The switch in the ranking came after a blockbuster earnings report from Oracle. Forbes still has Musk as the richest, however, valuing his private businesses much higher.
