Day: October 4, 2019

Report: WeWork cofounder Adam Neumann may have to unload property to pay off a giant loan

Adam Neumann may be out of the daily flow of WeWork, but he seemingly remains top of mind to some of the company’s bankers.

According to a new Business Insider piece, Neumann is working with JPMorgan, UBS, and Credit Suisse to consider new terms for a $500 million loan that he took out before WeWork filed to go public, and from which Neumann has already drawn down $380 million. Since he can no longer pay the loan with proceeds from selling WeWork shares publicly (it yanked its S-1 filing earlier this week), he may have to put up some of his properties or other assets as collateral for the loan, according to one of BI’s sources.

“No terms have been set,” a spokeswoman for Neumann tells the outlet.

Per earlier reports, Neumann has plenty to offload if it comes to it, having acquired numerous residential and commercial properties over the years.

Among his reported investments is a $10.5 million Greenwich Village townhouse; a farm in Westchester, New York; a home in the Hamptons where he reportedly weathered the storm with his family ahead of resigning as CEO last week; and a $21 million, 13,000-square-foot house in the Bay Area with a guitar-shaped room.

According to an earlier WSJ report, Neumann has also bought several commercial properties through investor groups that he had leased back, in some cases, to WeWork.

WeWork, and Neumann, have both enjoyed a close relationship with JPMorgan in recent years. As recently reported in the NYTimes,  JPMorgan “lent Mr. Neumann money personally (with his inflated shares as collateral), provided equity and debt for the company, served as a corporate adviser for the I.P.O. and secured nearly $6 billion in financing as part of the now scotched offering.”

14 Tips on How to Live A More Active Lifestyle

Most of us know how important exercise is when it comes to staying fit and healthy. Despite that, however, not all of us are moving as much as we’re supposed to.

Even when I have been motivated to get a gym membership and start exercising, it only lasts for a few months. At the first sign of stress and deadlines at work, the gym routine gets kicked off the list.

So, here are a few tricks on how to live a more active lifestyle:

Park far away

Get into the habit of parking a block away or parking at the farthest parking spot. If you are grocery shopping, park in the store’s lot but choose the back row. Clearly, you wouldn’t want to be caught pushing a shopping cart down the street trying to get to your car.

Take the stairs instead of elevators

If it is one or two floors, always take the stairs. If you need to go up or down several floors, then take the stairs to two floors above or below and then take the elevator. As you get used to it, increase the number of floors you use the stairs for. If you park in a level parking lot, always park in one of the higher levels and walk down.

If possible, walk or bike to work

This is not possible for everyone, but if you live in a place where the pollution is less and your workplace is relatively close by, then choose to walk or bike instead of driving.

Skip the stop

If your city has a subway or bus system, skip your stop and get off at the one after (or before) and then walk from there. You’ll get to enjoy the air and neighborhood a little while increasing your heart rate.

Maximize the benefits from your grocery trip

When you go to the grocery store, make it a habit to walk the entire store. Go through every aisle and every nook and corner. Avoid the aisles that could tempt you to pick up junk food though, since that can completely obliterate any benefits of walking a few extra steps!

Take a short walk-break at work

Again, this one depends on your work location, but ours is located outside the city and is on large private grounds. Every afternoon a couple of us go for a short walk which takes roughly 15-20 minutes. It is very invigorating and a nice break from the afternoon routine.

Do your own yard work

This is a good one for summer time when the lawn starts to grow and you need to keep it trimmed. Instead of hiring someone to do it for you, do it yourself. You will not only get some exercise, but save some money, too!

Play with your kids

Kids these days seem to play more video games than outdoor games like we did when we were younger. So, take your kids out to the park and throw the ball around or play tag.

Put on your favorite music and dance

This is not only exercise, but also a great way to unwind at the end of a busy day. And a good trip down the memory lane for those of us who have not done it in a long time!

While watching TV, pace or stretch

Instead of switching channels during the ad break, get up and walk around the house. Do some lunges or some simple stretching exercises. If you have stairs in your house, walk up and down the stairs a few times during each ad break for at least one show every day.

Choose to walk down instead of call or email

When you have a question for a colleague, instead of picking up the phone or shooting an email, walk over to their cube. This will not only provide some exercise but a short break for a quick recharge.

Walk while you talk on the phone

If your job involves talking on the phone a lot, then instead of doing this sitting at your desk, get into the habit of pacing while you talk. Motion creates emotion so you may even become a better speaker by doing this.

Choose active entertainment over passive entertainment

Instead of going for a movie, choose to go play tennis with some friends (or at least bowling). Instead of playing regular video games, play with a Wii. And instead of meeting friends for a cup of coffee, catch up over a sunset walk.

Choose active vacations

walking exercise

When planning vacations, pick something that involves some walking and hiking. While taking in a new city, do it by walk, instead of driving around. If golfing, skip the cart. If staying at a resort, make use of their pool and the exercise facility. Try skiing and white water rafting.

See Also: 5 Tips On Staying Healthy On Your Next Vacation

While none of these will make an immediate difference in your life style, over a period of time, they will get you into the habit of choosing an active alternative to the every day things you do. In the long run, that can set the stage for an even more active life style.

Written by isbf, the author of of Grad Money Matters

The post 14 Tips on How to Live A More Active Lifestyle appeared first on Dumb Little Man.

Here are the five Startup Battlefield finalists at Disrupt SF 2019

Over the past two days, 20 startups have taken the stage at Disrupt SF, laying out their visions, demonstrating their technology and answering questions from our expert judges.

The startups came from all across the world, and they’re tackling industries ranging from cholera detection to orbital refueling.

Now we’ve taken the judges’ feedback and chosen five finalists — who will be presenting tomorrow, October 4, for a new group of judges. The ultimate winner will take home $100,000, equity-free, as well as receive temporary ownership of the Disrupt Cup.

You can watch the finals at Disrupt SF or on the TechCrunch website at 1:15pm Pacific. And without further ado, here are the finalists:

OmniViz

OmniVis aims to make detection of cholera and other pathogens as quick, simple, and cheap as a pregnancy test. Its smartphone-powered detection platform could save thousands of lives.

You can read more about OmniVis here.

Orbit Fab

Orbit Fab has created space-based robotic refueling technology. You might remember the company from a milestone accomplishment it achieved earlier this year: Becoming the first startup to supply water to the International Space Station.

You can read more about Orbit Fab here.

Render

Render has created a managed cloud platform. At the Startup Battlefield, it announced the ability to spin up object storage in the cloud, while greatly simplifying the tasks associated with adding storage.

You can read more about Render here.

StrattyX

StrattyX is a trading interface that lets you set up sophisticated “if-this-then-that” rules and execute orders on the stock market. The company aims to open up automated trading software to anyone, from non-professional traders who have some savings to professional day traders.

You can read more about StrattyX here.

Traptic

Things like wheat and corn are routinely harvested by machines, but strawberries (and other fruits) present a unique challenge. Traptic uses 3D vision and robotic arms to harvest ripe strawberries.

You can read more about Traptic here.