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How a 21-year-old CEO landed a $3.5 million seed round

How a 21-year-old CEO landed a $3.5 million seed round

  • Profitboss is a startup offering a free online ordering system for restaurants.
  • The company recently pulled in $3.5 million in seed funding in a round led by Redpoint Ventures and joined by Kimbal Musk, Figma CEO Dylan Field, AngelList cofounder Naval Ravikant, The Chainsmokers, Raise founder George Bousis, Tinder founder Sean Rad, and others.
  • Profitboss tracks user data in order to create customized ads designed to bring customers back to the restaurants it services.
  • The service is free for restaurant owners. It charges restaurant customers a $1.50 fee instead of taking a cut of financial transactions like other third-party delivery companies.
  • CEO Adam Guild, 21, started the business when he was 18 years old after creating its core software to help his mother’s struggling dog grooming business.
  • “Everyone in this life faces different sorts of challenges,” Redpoint partner Alex Bard told Business Insider, “and some people succumb to those challenges. And some people really thrive out of facing that adversity.” He added that Guild is one of those people that “really thrived.”
  • Visit Business Insider’s homepage for more stories.

Profitboss CEO Adama Guild is young, but that’s not a demerit. In fact, the 21-year-old’s boundless energy is one reason investors decided to pour millions into his retail tech startup.

His company Profitboss, which he founded at 18, recently scored a $3.5 million seed round led by Redpoint Ventures and joined by Kimbal Musk, Figma CEO Dylan Field, AngelList cofounder Naval Ravikant, DoNotPay founder Joshua Browder, Coder cofounder John Andrew Entwistle, The Chainsmokers, Raise founder George Bousis, and Tinder founder Sean Rad.

Guild describes his platform as “kind of like Shopify meets Salesforce, but specifically for restaurants.” The company provides online software for restaurants to take orders from customers, allowing them to build customer profiles. They can later send those customers

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HP’s CEO on how the pandemic is accelerating change in technology and business

HP’s CEO on how the pandemic is accelerating change in technology and business

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Enrique Lores wearing a suit and tie: HP Ceo Enrique Lores on Leadership Next


© David Pollar—Getty Images
HP Ceo Enrique Lores on Leadership Next

“We are witnessing the dawn of a new age,” HP CEO Enrique Lores said at the company’s Reinvent conference this year. Many of the changes that business leaders planned to transition into over the next few years are here now, and they’re being accepted seamlessly due to the pandemic from constant video conferencing to working from home. 

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On the latest episode of “Leadership Next,” the Fortune podcast about the changing roles of business leadership, Lores tells cohosts Alan Murray and Ellen McGirt that the fast pace of change has affected not only business and technology, but also the personal lives of employees and managers alike. That, he says, necessitates the development of a more approachable style of leadership across the company at this time when so many lives are more complicated and more stressful than ever. 

And prioritizing those changes, along with the employees that they will serve, does not mean that profit takes a back seat, Lores said, adding that leaders should not feel the need to choose between short-term results and long-term contributions to the world. “I firmly believe you can do both, and we are proving that you can do both.”

And though HP’s stock is down since the pandemic started, Lores assures Murray and McGirt that the business remains strong, with opportunities in areas like education and 3D printing on the horizon. 

To learn more about what HP is doing to negate its environmental impact and Lores’ approach to diversity and inclusion within the company, tune into the latest episode of “Leadership Next” at the link below or wherever you get

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British Airways Boss Quits As New CEO Shakes Up IAG

British Airways Boss Quits As New CEO Shakes Up IAG

British Airways CEO Alex Cruz has resigned with immediate effect. He will be replaced with Sean Doyle, who was Chief Executive of another IAG airline Aer Lingus. 

Sean is no stranger to British Airways, having previously held several senior roles there. During his time at Aer Lingus, Sean made the airline IAG’s most profitable airline and yet also introduced customer-friendly policies. These included offering free wifi even in economy and being one of the first airlines to offer a bonus if customers took a voucher instead of a refund. Aer Lingus also acquired new smaller but long-range Airbus 321LRs to expand further into the US and become a hub airline at Dublin for Europe. They have ambitions to expand their North American routes by acquiring new aircraft and becoming a hub airline to connect through Dublin onto Europe. 

Alex Cruz has been both CEO and Chairman of BA since April 2016, after leaving his former position as CEO of IAG low-cost airline Vueling. His departure will probably not come as a surprise to many in the know. Alex’s career at BA has been dogged with controversy. He first arrived at the airline as it started to slash the customer experience in a bid to cost cut. The airline has been extraordinarily profitable, but customer satisfaction scores sank and left many bitter about the airline. However, he did reverse this to some extent with a period of massive investment in customer experience. He rolled out new food offerings, a business class suite as well as new lounge designs worldwide. 

Alex was also the

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Roger Ferguson, CEO of TIAA, on Why You Shouldn’t Watch the Wild Stock Market All Day

Roger Ferguson, CEO of TIAA, on Why You Shouldn’t Watch the Wild Stock Market All Day

(Miss this week’s The Leadership Brief? This interview below was delivered to the inbox of Leadership Brief subscribers on Sunday morning, Oct. 11; to receive weekly emails of conversations with the world’s top CEOs and business decisionmakers, click here.)



Roger W. Ferguson, Jr. wearing a suit and tie smiling at the camera: Roger Ferguson, CEO of TIAA


© Provided by Time
Roger Ferguson, CEO of TIAA

Roger Ferguson’s Wall Street career has been marked by a series of crises. Ferguson is the president and CEO of TIAA, the Fortune 100 financial giant that is a major provider of retirement services for teachers and employees at more than 15,000 nonprofits and other institutions. He is currently working with his team to ensure that the COVID-19 economic downturn doesn’t jeopardize TIAA’s $1.1 trillion in assets under management. The company is the No. 1 manager of farmland investments worldwide and one of the largest commercial real estate investors globally. Ferguson, 69, came to TIAA as CEO in 2008, amid another financial crisis; previously, he was the vice chairman of the Federal Reserve on 9/11, personally leading the central bank’s nimble response to that catastrophe.

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Ferguson, who has bachelor’s and law degrees from Harvard—plus an economics Ph.D. from the school— is one of only four Black CEOs running a Fortune 500 company. He recently joined TIME from his home in Washington, D.C., for a conversation about the impact of climate change on investing, his advice to individual investors in a time of wild market swings and what specific steps corporate America should take to get serious about diversity.

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(This interview with TIAA CEO Roger Ferguson has been condensed and edited for clarity.)

What do you think of the frothy stock market, and should the many people who rely on TIAA for retirement advice watch the swings closely?

Well, to start with your

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How Bank of America’s CEO Is Combating Economic Inequality

How Bank of America’s CEO Is Combating Economic Inequality

Economic inequality is pervasive inside and outside of companies. Some CEOs, like

Bank of America’s

Brian Moynihan
, have made efforts to bridge that gap. 

Moynihan, who chairs the World Economic Forum International Business Council, has been an outspoken advocate for stakeholder capitalism, publicly encouraging sustainable practices, urging other CEOs to prioritize the welfare of employees during the Covid-19 pandemic, and pledging $1 billion to confront racial and economic inequality.

The Bank of America CEO joined a recent Barron’s conference, The Wealth Gap: A Global Perspective, to discuss the company’s pledge to help local communities and the need for banks to address economic and racial inequality.

Our conversation below has been edited and condensed for clarity. 

Barron’s:Brian, sorry to point out the obvious, but you are a Caucasian man, a one-percenter. What got you interested in this topic?

Moynihan: [Diversity and inclusion] became an early-on interest. It comes from the basic principle that, especially in banks, we are companies that are creatures of our communities. Helping people succeed in that community is critical, so it’s sort of endemic to the way you do business. We believe strongly that you could produce returns for your shareholders and produce good for society.

Let’s talk about the $1 billion initiative from  BofA to help local communities address economic and racial inequality. Is that philanthropy or a business opportunity?

We in the company have been looking at this question of how to help communities, how to have economic opportunity and economic mobility. We were working on [solutions] in Charlotte with a group of CEOs. Inside our company, [peoplehave] been working with our Hispanic leadership group and our Black African American leadership group on the idea, “How can we help more on economic mobility?” 

Then you had the racial justice and

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