Long Time Gone for Trump and Dixie Chicks, Hungry Jack and NAFTA, 30-Second Ad Fades, and Moira, Thank You For Asking

North Carolina Morning

Good Thursday Morning. Sorry for getting this out a little late – the Weinstein Company Board is meeting to change the name of the company. I got some Entrepreneurial news on it below. By the way, does this episode show how utterly useless boards are when it comes to Entrepreneurial companies.

Daylight – Can We Ask What Took So Long? – President Trump will sign an executive order today that will relax rules on small businesses that band together to buy health insurance. Let’s just say – it’s about time and nine months overdue – changing things where the other two business models, Democrat and Republican parties, have been told not to do it by their customers. Speaking of a long time gone, can we give the Dixie Chicks a second chance or at least let Dixie Jade take their place? I don’t care what anybody says – it was good music.

Economics – Ringing Dinner Bells for Hungry Jack – More than 300 local chambers of commerce sent one of those alarm bell letters to the President yesterday, urging the U.S. to remain in NAFTA after Trump said it was “possible” the U.S. would drop out of the North American Free Trade Agreement. He has pushed pretty much for a deal redo, but Mexico and Canada say they’re all nonstarters. Have you ever tried to take back and charge for something that you had given away for free? By the way, over 300 chambers doing something – Gee not GE.

M&A – Grubhub Inc. acquired Eat24, a food delivery company, for $287.5 million from Yelp.

StayWell acquired MedHelp’s health engagement platform, industry-leading applications and talent.

Azalea Health, an Atlanta-based provider of fully integrated web-based healthcare solutions, merged with Prognosis Innovation Healthcare, a Houston-based provider of electronic health records to rural and community hospitals.

Style – Amazon’s teen allowance program announced yesterday means no rock unturned on repurposing – An allowance once involved a parent producing dollar bills from a wallet, and the teen spending said dollars at the mall. Sounds quaint compared with Amazon Inc.’s new program, launched yesterday, which lets parents manage – and fund – online-shopping accounts for their teens. Amazon basically took its gift card system and tied it into a social practice and produced a virtual allowance – that’s what I had a long time ago.

Live Rounds – The Weinstein Company board said it was working late last night to try to figure out a new name for the company, so it could distance itself from its founder Harvey Weinstein. In Hollywood, Harvey was always known to be lucky and good when it came to filmmaking, but not anywhere else as far as I can tell. But maybe he will get lucky and the board will hire the firm that convinced Coach to try Tapestry – could it be any worse? Tell me. Name changing companies are the worst at picking names. It’s every single time. They would be better off to call Joel Babbit, and let him think of one while driving to work. I am not saying it will cost you less, but it will be a lot better.

Buzzard’s Roost – The 30-second ad has had its 15 minutes of fame for 50 years, but is now dethroned. As U.S. television networks face growing digital competition for marketing dollars and viewers’ attention, they are selling shorter ads. The result?

Hot – In the first six months of 2017, 51 percent of all TV commercials were less than 30 seconds, including a new two-second format. Chasing digital footprints. Fastest growing category -10 second format – yes, cheaper, but you are still spraying cash to find a customer.

Culture – Radar or Mayday, but I’m sure you heard Cub Scouts is going coed. I guess we now call it scouts. What about the honor – the Boy Scouts left out they need numbers. Cub Scouts’ enrollment is down 26 percent, and Boy Scouts is 22 percent. The Girl Scouts numbers are falling, too – this is more of a scale problem than strategy, structure or style. 7s can’t fix this.

Investment Banking – Victor Capital Partners and Allstate’s private equity group acquired PrimaLoft, a materials science company. The seller was Prudential Capital Group.

Venture Capital – Brilliant, a developer of a voice and touch control system over lighting, music, climate, and other smart home products, raised $21 million.

Bigscreen, a virtual reality remote desktop app, raised $11 million.

Spotlight – Awards for Entrepreneur Briefing – Best Questions: Moira Vetter – asked thoughtful and thorough questions in a positive way – don’t we all like that. Best Energy: Ann Stallard and Annie Burris. Need it. Best Line of the Day: “We told them today to peace out on deal” – Ted Baker, and by the way – he cleans up a lot of mistakes and turns negatives into positives in real time. Best Song: Bonner Black – “Take It Easy.” Best Performance – Ted Baker (why do I have this popsicle stick in my hand and why I need emotional energy to run a company) and Dixie Jade on any stage. Best Food – Basil Popsicle dipped in Prosecco. We are just getting started.

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Ted does more than talk – Team leader, player and healer.

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Still saying thanks to part of the Nashville team.

Events –
ARMS and Oxford Charleston Oyster Roast & Healthcare Symposium
Downtown Charleston, SC
Oct. 24 @ 6 p.m.
Oct 25 @ 9 a.m. – 4 p.m.

Contact MR Editor Amethyst Bush for details to attend. amethyst@oxfordcenter.com

Co-Host – Sirius XM Radio show
@ Wharton Business School
Thursday, Oct. 26
1 p.m.

TimesTalks: The Press and Trump’s Washington
Washington, D.C.
Thursday, Oct. 12
6:30 p.m.
Join The New York Times in Washington for a discussion of today’s polarizing political climate and the unique challenges of covering an administration that at times has put the media itself in its crosshairs. Featuring Dean Baquet, The New York Times’s executive editor; Peter Baker and Maggie Haberman, two White House correspondents; and Jim Rutenberg, a media columnist.

Contact MR Editor Amethyst Bush for details to attend. amethyst@oxfordcenter.com

Subscriber Sneak Peek: Everest
New York, N.Y.
Tuesday, Oct. 17
7 p.m.
Mount Everest, Sherpas and a fatal lapse in judgment that reverberated on multiple continents: That’s all we can reveal about this exclusive subscriber event coming to you from more than 26,000 feet above sea level. Our sports editor, Jason Stallman, will moderate a conversation about this powerful piece, scheduled to be published later this year.

Contact MR Editor Amethyst Bush for details to attend. amethyst@oxfordcenter.com

The Evolution of Fashion
Washington, D.C.
Thursday, Oct. 19
7:30 p.m.
Discuss the etymology of “Washington fashion” – from first ladies to anchorwomen, from the Hillary pantsuit to the contemporary fashion world – at this fashion panel moderated by the New York Times Pulitzer Prize-winning (and fashion-obsessed) journalist Helene Cooper.

Contact MR Editor Amethyst Bush for details to attend. amethyst@oxfordcenter.com

Deal Stream>>>>>>>>>>>>>>>>>>>>>>>>>>>>

Exits – Google acquired 60db, a podcast app.

Halyard Capital sold Practice Insight, a Houston, Texas-based software-as-a-service revenue cycle management platform.

Trading Technologies International, Inc. acquired Neurensic, LLC, an artificial intelligence regtech solution for trading, compliance, surveillance and banking.

Clearview Capital acquired Nielsen-Kellerman, a maker of measurement instruments. The sellers were JZ Partners and The Edgewater Funds.

South Oakland Shelter will buy HandUp, an online platform that enables donations for the homeless.

Venture Capital – Petuum, Inc, a machine learning infrastructure platform, raised $93 million.

eShares, an equity management platform, raised $42 million.

Destination Pet LLC, a provider of pet care services, raised $30 million.

Baxter Planning Systems, an Austin, Texas-based supply chain SaaS company, raised $25 million from Polaris Partners.

AlertMedia, an Austin-based mass communication software provider, raised $8 million.

Creative Market, an online marketplace for ready-to-use design assets from independent creators, raised $7 million.

Impossible Objects, a provider of 3D printing technology, raised $6.4 million.

Standard Cognition, a developer of a checkout-free AI shopping system, raised $5 million.

Hive, a collaboration platform for teams, raised $4 million.

Vyng, a mobile conversation startup, raised nearly $3 million.

Allume, an on-demand personal shopping service, received $3 million.

ScribbleChat, a messaging app, raised $2.75 million.

SidelineSwap, an online marketplace for sports gear and equipment, raised $2 million.

GrowLife Inc, an indoor cultivation service provider, raised funding from Chicago Venture Partners.

Private Equity – Carlyle Group has acquired a 50 percent stake in Supreme, a clothing brand and skateboard shop, for approximately $500 million. The deal values Supreme at around $1.1 billion.

CoAdvantage acquired Progressive Employer Management Company, a Sarasota, Fla.-based provider of payroll administration, workers’ compensation, employee benefits and human resource solutions for businesses.

Solium Capital Inc acquired Capshare, a cloud platform for cap table management, electronic-share tracking, modeling and waterfall analysis.

Sun Capital acquired AMES Taping Tools, a Suwanee, Ga.-based provider of automatic taping and finishing tools, supplies and training for the professional drywall finishing industry.

And that’s what’s ahead, Cliff