Tech companies often test new products in New Zealand because they’re an ethnically diverse, tech-savvy, and English-speaking nation, yet still relatively isolated. If a product is a flop there, news is unlikely to spread quickly to the rest of the world and damage a company’s reputation.
Dick’s Last Resort, an American bar and restaurant chain, encourages the staff to act obnoxiously towards their customers. The restaurant has its origins in the owners’ original opening of a “fine-dining” establishment. The establishment was a failure, which resulted in bankruptcy. Rather than continue with the upscale restaurant motif, the owners retooled their efforts and decided to “go sloppy”. The end result was a success, leading to the creation of six additional locations.
In 1961 James Monaghan co founder of Domino’s pizza traded his 50% stake in the company to his brother Tom for a used Volkswagen, Tom went on to sell his 97% for 1 billion.
There is a restaurant in Pittsburgh, the Conflict Kitchen, that only serves cuisines from countries that the US is in conflict with. When they started serving Palestinian food, they received death threats.
Snapchat founder Evan Spiegel’s networth is $1.5 billion at the age of 24, making him the world’s youngest billionaire.
In 2000, Blockbuster Video turned down a chance to purchase a one-year-old company called Netflix for $50 million.
Blockbusting is a business practice used by real estate brokers to buy a house in a white neighborhood, rent it to a black family, and buy the rest of the neighborhood at a discounted price after urging nervous white families to leave the neighborhood.
There is a stuffed animal hospital that cleans and repairs beloved stuffed animals and dolls. The toys are called patients, shipped in an ambulance box, and returned wearing a hospital bracelet with their name.
53% of US cable customers would leave their current provider if they had a choice and 73% feel their cable provider engages in “predatory practices”.
Johnny Depp would close a club he partially owned on Halloween every year because his good friend and fellow actor, River Phoenix, collapsed and died in front of it. He did this for over 10 years until he sold his part.