Tom Sanderson, Author at Benchmark Journal

Funding Growth for Oscar Health Insurance

Posted on June 30, 2020 by Tom Sanderson • 0 Comments

Health insurance company Oscar has raised $225 million in its latest round of funding. Existing investors Alphabet, General Catalyst, Khosla Ventures, Lakestar, and Thrive Capital, renewed their commitments, while new supporters joined the venture, including Baillie Gifford and Coatue. Oscar, the New York-based health insurance provider, has raised a total of $1.5 billion since its founding in 2012 by Mario Schlosser and Joshua Kushner. It is the first direct-to-consumer health… Continue Reading

New York Offers Grants for Business to Corona Comply

Posted on June 23, 2020 by Tom Sanderson • 0 Comments

Corona has forced changes in every part of life. Stores are not the same place we were used to just a few months ago. There are less people walking around, plastic partitions at checkout, customers and clerks wearing face masks, and many more disinfecting stations. These modifications are costly and many businesses, already strapped after… Continue Reading

How Fintech is Helping Small Businesses

Posted on June 15, 2020 by Tom Sanderson • 0 Comments

The current ongoing coronavirus pandemic has led to some remarkable business discoveries, including the revelation that fintechs, primarily online financial service companies, are effective liaisons for small business owners as well. The agility and flexibility that most fintech companies have allows them to be responsive in real-time; they experienced fewer policy and bureaucratic hurdles than… Continue Reading

Brooks Brothers Changes Course Due to Corona

Posted on June 8, 2020 by Tom Sanderson • 0 Comments

In March, the Brooks Brothers clothing manufacturer was praised for its quick response to the novel coronavirus pandemic. The designer brand transitioned its three US factories to produce personal protective equipment for medical teams and frontline workers. But these same factories are now at risk of becoming casualties of the virus they were working to protect… Continue Reading

A New York Company Surviving Its 2nd Pandemic

Posted on June 1, 2020 by Tom Sanderson • 0 Comments

Eastman Machine Company in Buffalo makes fabric-cutting machines. It is a fourth generation family owned business that has weathered its fair share of crises. Over the course of the company’s 132-years history has unfolded: World War I, the Spanish flu pandemic of 1918, the Great Depression and World War II. The company’s equipment is used… Continue Reading

Entrepreneur in the Food Field donates to New York hospitals

Posted on May 27, 2020 by Tom Sanderson • 0 Comments

The coronavirus has been ravaging New York City since March, and local food entrepreneurs stepped in to support healthcare workers on the frontlines. Some have offered free meals, others are packaging to-go bags with ice packs for pick up, and some businesses are modifying their business model to accommodate demands. Cole Riley, for example, founded… Continue Reading

Creativity is the Right Businesses Model for Corona

Posted on May 19, 2020 by Tom Sanderson • 0 Comments

With the coronavirus lockdown now entering its 10th week, New York City business owners have gotten creative in their attempts to keep customers engaged and buying. Restaurants remain closed for dining in, but almost all eateries have adopted delivery systems to bring food to diners at home. Amy Schiappa, the owner of two hair salons… Continue Reading

Corona Comfort Buying: It is Real and It is Preventable

Posted on May 11, 2020 by Tom Sanderson • 0 Comments

In the midst of a global pandemic and all the hardships of social distancing, it is important to find comfort in the familiar. Hobbies and personal interests are good ways to channel pent up energies (because gyms are closed) and unrelenting anxieties (because this thing is crazy on so many levels). But there is one… Continue Reading

Budgeting in a Crisis: Dos and Don’ts

Posted on May 4, 2020 by Tom Sanderson • 0 Comments

It may seem strange to suggest a budget overhaul at a time of so much uncertainty. But that is exactly when these kinds of changes can be most beneficial and impactful. In general, many regular expenses have ceased to be a concern during the corona pandemic. There are virtually no restaurant meals, mani-pedis, or gym… Continue Reading

Earth Day 2020 goes Digital

Posted on April 27, 2020 by Tom Sanderson • 0 Comments

Every year, on April 21 the world gathers to celebrate Earth Day. It is the day we are encouraged to think about the environment, consider the footprint we are leaving on this planet, and measures we can take to ensure global health. Earth Day 2020 was different, considering the novel coronavirus. Isolation regulations made it… Continue Reading

Author Archives: Tom Sanderson