Are there any food service establishments out there that solely focus on delivery? No walk-ins, no dining in but only delivery? Their staff would pretty much consist of cooks and delivery employees and the facility would be big enough for a kitchen and prep area.
I would think a setup like that with good food would do well in this new reality we are in.
I imagine it would challenging for a restaurant to focus on a good dine-in experience alongside a good delivery service, especially considering the low margins.
Yes, I’d split them in two types in the markets where Deliveroo operates:
* existing restaurants (or food trucks) that were identified as promising by the Deliveroo; there’s a program to help them grow and the most common step is to lend them spaces in delivery-only kitchen. The key thing is to have a menu that is meant for that, so the food and the containers can survive a 20-minute ride. Some use the same brand; other create a different one for delivery only. Compared to the experience of getting a loan from a bank to open a second restaurant with a front-of-house in a busy street and having to commute between the two without experience is managing a kitchen remotely, that program was described as far sensical and likely to succeed.
* restaurants that were designed with that idea from scratch. Taster is a start-up (founded by Anton who ran the afore-mentioned program for Deliveroo in France). They identify concepts that would work, develop, finance and grow those brands from scratch. I believe that the idea is working really well.
"I wouldn't be surprised if a lot of schools just switched to having their teachers attempt to do their normal teaching via Zoom"
This is exactly what is happening in our school district and it is a big failure. That and teachers emailing their lesson plans for parents to print or parents can go to the school and pick up printed packets. We then have the joy of taking photos of the completed work and emailing those back to the teachers.
It is extremely inefficient and I have already informed our school that we will not be doing that if we are stuck in this scenario come fall. We will be using Khan for math and other online learning platforms for LA.
One of my friends sons is making $300 to $500 per day working Instacart right now. Partly because where we live the demand is high and there are not enough Instacarters to meet that demand. The delivery time is currently at least 3 days out. He is young and healthy so he doesn't really have that fear.
not only critical-- lots of jobs are critical (janitor) but don't pay much. This is also hazardous right now. Look at some of the worst states like NJ & NY right now: There's mini outbreaks at a lot of supermarkets.
We submitted our app through Chase the morning it opened. Days went by before we heard anything and that was an automated email that basically said they received our app. This morning I got an email stating the program is out of money, but they will keep our app on file for if/when more funds are allocated to it.
This is why an independent and trustworthy Inspector General overseeing and reporting back to Congress and the public is needed. Where did this money go and who got it? Were some people favored or tipped off on how to get through the process?
Call me skeptic but it's likely that banks prioritized applications of companies that have significant debt with the bank. This way the bank can essentially pay itself.
Louis Rossman reported that banks were doing this openly (explicitly saying they only allow applications from existing account holders). They have now removed that but nothing is preventing them from doing it behind closed doors anyways.
>Call me skeptic but it's likely that banks prioritized applications of companies that have significant debt with the bank.
They certainly did, on April 3 the day the program started of the 4 big banks only Bank of America began accepting applications with restrictions to applicants (example: must be an account holder and have pre-existing loans with the bank).
BOA was already sued by business owners in attempt to get court order to force BOA to open up the application process to everyone, and the Judge already ruled the banks have freedom to prioritize their own customers on any basis they like because the CARES Act did not prohibit the banks in anyway from doing so.
In short the banks with get an automatic 5% of the total $350B, plus of those loans that don't get forgiven, the banks can sell them on the secondary market. So as you point out the Banks basically got $17.5B to lend money to businesses that already owe them money.
Apart from what you mentioned and cleaning up their balance sheets, the commission total was higher for larger loan requests.
It was probably the same work to process a larger amount than a smaller one, so they were incentivized to do larger ones first. They had 5% total for the lower loans and 3% for up to 200k, but if its the same work - you do the higher ones regardless of your commission %. The average loan across the board was about 200k from what I last saw.
Should have been a flat fee. And they probably should have prevented businesses from getting a PPP loan from your current bank so they didn't have that incentive to discriminate and clean up any prior non-Covid related debt.
Chase lied about reviewing applications sequentially. We were early on April 6th. Never heard anything until this morning when they emailed saying funds were gone. Since they didn't update anyone, it probably made it easier to discriminate. If you were #1 and didn't get a loan, then they'd have to tell you that you were denied if they were really going sequential and fair, and not discriminating. I won't be surprised if there's a class action fired up.
Just one crazy example - Chase funded 20M to Ruth's Chris as they got around the 500 employee limit with a size standard loophole. I don't know anyone who gets takeout steaks. Nor will people be buying a lot of them when they can even open back up again. So dumb.
There was no way to know if your loan was looked at, if it was ever submitted to the SBA by Chase or any way to withdraw your application. And since the SBA said not to do multiple applications, Chase screwed over a lot of people.
Just last week I had a fraud alert and Chase's phone service was not operational. They went completely dark. Seemed to be all hands on deck with PPP, cleaning up balance sheet and getting that easy money in commissions.
If you submitted the application as an owner of the business with your SSN/TIN then you should see a business loan inquiry from the SBA on your credit report. Use CreditKarma if you need to check your report for free.
Also worth considering that this program, by design, under-cut bank's own business loan offerings. That's why we see a lot of small "customer focused" banks offer it, and a lot of the big ones drag their feet long enough for the program to run out of money.
They don't /want/ companies to get a loan this way, they want companies to get a bank loan. No doubt they'll be spamming all failed applicants with offerings of "discount" bank loans soon.
I don't think this is fully accurate. They wanted CERTAIN companies to get these loans for sure. They got to make easy commissions and give free money to companies that owe them money. But yes, they got a ton of free leads AND incredibly valuable business information which they can use to sell services later.
Absolutely. Bank of America pretty much stated that explicitly, they prioritized exactly the customers who had outstanding credit debt with BofA. How this stuff passes ethical muster is beyond me.
One twist in my case was, the Chase webapp gave me an error page on about page 5 of the wizard interface, where you upload your payroll documentation. The webapp had no state persisted -- any error and you have to start the whole 25-minute process again. I started again at the beginning, but it errored again at the same spot.
Behind the error message I could make out the text of what appeared to be the ordinary final page of the form. The the error pane was a translucent overlay over the functioning form. I opened Chrome debugger, identified the element, and set its style to "display: none". Et voila: the glorious final page of the form, where I was able to tick off several attestations and press "Submit". About 10 hours later, I received the "application received" message.
You're Chase Bank. You have about 3 days to assemble a webapp that will accept bazillions of hits. You won't have any time to shake it down. Why in the name of Salmon P. Chase do you build a javascript-laden behemoth with a slick wizard interface with page transitions, that has a session timer but no persisted saved state (of any use to the user), using XHR file uploads, the combination of all that hot code bound to fail on any browser but Chrome (it failed to get to page 1 using Firefox)?
They could have built a plain old HTML single-page form with a POST action that would upload all the attachments. It could even have had wonderful CSS to support the branding they feel they must have. The whole thing could have run on Apache hosts with a CGI handler. Seriously.
This is awesome! I love hearing that others are doing this. I do something similar but I run after school clubs. I work mostly with 5th through 8th graders and run clubs 5 days per week in 5 different local schools.
It is a lot of work but so rewarding and I feel it has made me a better developer. I myself have learned so much from doing it. I have met so many amazing kids & parents too and it's made me a much bigger part of my community.
I don't think the title of this article is good or portrays what it is really getting at. It is not really about having a cushy job that you like going to, but instead more about how jobs available today don't pay well.
The pay does not match up to inflation, healthcare costs and cost of living. Put the cost of higher education into that mix and it just adds to the problem. So many are stuck paying off high students loans to only be able to get mediocre paying jobs.
"only 40 percent of Americans currently have 'good' jobs."
Meaning head of household jobs. That is a problem!
Thats still all relative though. If everyone made between 10-15 bucks an hour, 15 bucks an hour would be enough to pay for anything that matters. Chinese investors aside, the reason an elementary school teacher might have trouble affording an apartment in Manhattan is because they're competing with people who can afford them. Such as the s/w engineer with the cushy job.
Right, the problem might arise from when you have some people making $9/hr and others making on the order of $1k-100k/hr. Those two groups both occupy and influence the markets, and if you don't keep that gap small enough you risk people not being able to afford the cost of living. I agree that if you paid everyone $10-15/hr, no one would be producing any goods that no one could afford.
Trying to force introverts into pro-longed extroversion is exhausting. It is not how we are built. I think oftentimes people view introverts as anti-social, which is not always the case. We are just differently social.
Instead of trying to force introverts to be more like extroverts, encourage them to share their skills/talents in a positive way. This is where you will see us shine and you might even forget that we are introverts.
Throwing us into a party with 100 strangers and expecting us to thrive, is not gonna do it. Asking us to teach a large group of strangers something valuable or lead a project that we know a lot about will energize us like nothing else. This is how we connect with people and how we make our mark in society.
A lot of introverts are quiet leaders and have a way of making a huge impact in ways that extroverts just don't understand. Don't get me wrong, I love the extroverts in my life, but I don't want to be like them :)
I think I agree with you. I am an introvert, but have vast variety of interest in science, technology, startups etc. I don't like at all to do small talk with friends, i get bored and tired really fast, unless the topic hits one of these areas. I liked to socialize on forums on programming, and made a bunch of friends sincr when i was in middle school or high school that way. I gave a bunch of talks and raised enthusiasm on some programming concepts back in the day. Everything else was too boring.
I'm an extrovert, and I am also interested in "science" and "technology" (but not startups). One of my primary hobbies is very math-heavy, and involves hours and sometimes days of intense focus. I also gave talks in the past, e.g. on functional programming.
The point is, I have no idea how any of this is related to being introvert or extrovert (and was wondering the same in the post you replied to).
People can shut themselves into their room with only oscilloscopes and MATLAB as company on one weekend, and meet up with friends on the next one.
Exactly. Trying to force extroversion on introverts because it makes them "feel happier" is like pressuring them to take recreational drugs, which will likely have similar short-term success.
LinkedIn is a place where I can have my professional profile. That is pretty much it for me. I have tried to engage otherwise on there but it is filled with spam, recruiters and other egocentric entrepreneurs and marketing people who are trying way too hard.
I don't buy anything that I would put into my body from Amazon. This also includes creams, make-up, etc. Way too many counterfeits to trust them and trying to figure out which are legit is a huge task in itself.
Why is this concerning? The public school system has a lot of issues. My son went to public school until 6th grade and I about pulled my hair out with issue after issue. We put him in a hybrid charter school program (3 days homeschool, 2 days in class) for 7th and 8th and started my youngest in this same program from kindergarten. Both are well ahead academically of their peers and grade level.
There are a ton of homeschool groups in our area too that organize activities where all of the kids get together. It is very active giving kids plenty of opportunity to socialize.
We don't homeschool for religious reasons. We do it because we want our kids to get the best possible education without all of the indoctrination and other crap that is pushed through the public education system. This is pretty much the reason most of the other homeschoolers that I engage with do it too. I think homeschooling has a bad rap because of the media and a few bad apples but at least from my experience, that portrayal is not the norm.
I would think a setup like that with good food would do well in this new reality we are in.
I imagine it would challenging for a restaurant to focus on a good dine-in experience alongside a good delivery service, especially considering the low margins.