A happy end of the week: Welcome once again to Friday, dear readers. While many of you are enjoying the start of a three-day weekend, please remember that doesn’t excuse you from sending complaints, compliments and hot story tips to firstname.lastname@example.org. Some of the best Innovate LI content this week came from our inbox. Who’s next?
Day trader: It’s Nov 10, and that’s swell, but let’s skip ahead a day for a few interesting Veteran’s Day factoids.
The holiday originated as “Armistice Day” on Nov. 11, 1919, the first anniversary of the end of World War I. Congress passed a resolution in 1926 for an annual observance, and Nov. 11 became a national holiday beginning in 1938 – but it wasn’t until 1954 when President Eisenhower changed the name to Veteran’s Day.
The holiday actually switched months temporarily: Congress moved the celebration to the fourth Monday in October in 1971, but in 1975, President Ford switched it back to Nov. 11, noting the date’s historical significance.
For the record: There are roughly 21.3 million living armed forces veterans in the United States, including 16.1 million who served during at least one war. There are about 7 million living veterans of the Vietnam War, 5.5 million living veterans of the 1990 Persian Gulf War and – amazingly – more than 550,000 living veterans of World War II.
Find one Saturday and give him a hug (or her – 2 million living U.S. veterans are women, according to History.com).
Equal time: Global 100 law firm Nixon Peabody, which maintains a large Jericho office, has received a 100 percent rating from the Human Rights Campaign’s 2018 Corporate Equality Index, a national benchmark assessing LGBTQ-related policies and practices, including non-discrimination workplace protections, transgender-inclusive healthcare benefits and public engagement with the LGBTQ community.
Among the factors on the Human Rights Campaign’s radar: the firm’s successful defense of New Hampshire-based Planet Fitness’ inclusive policy allowing members to use locker rooms corresponding to their gender identity, affirmed in June by a Michigan appeals court.
TOP OF THE SITE
Expecting big things: With her third child due in December, entrepreneur Michelle Smith understands the extra burden childcare places on would-be business owners. So, she created Kworks, a Farmingdale co-working facility for the moms and pops behind the mom-and-pops.
Not just for startups: If you thought the Stony Brook University Incubator Program exclusively serviced early-stage businesses, think again.
Stay calm and ask Cerini: Don’t jump to conclusions about the Tax Cuts and Jobs Act, which is bound for some serious revisions, according to the tax experts at Cerini & Associates.
Doctor feel-good: Ten years later, Islip startup FindaTopDoc.com is the gold standard of physician-referral databases.
They earned it: Mixed quarterly financials haven’t dampened the mood at Farmingdale med-tech-maker Misonix or Edgewood defense contractor CPI Aerostructures.
FROM OUR SPONSOR: Whether it’s helping in site selection, cutting through red tape or finding innovative ways to meet specific needs, businesses that settle in the Town of Islip soon learn that we take a proactive approach to seeing them succeed. If your business wants to locate or expand in a stable community with great quality of life, then it’s time you took a closer look at Islip.
WHAT WE’RE READING
Kudos to LI’s own: Each year, Deloitte ranks the 500 fastest growing technology companies across North America in its Fast 500 List, ranking companies based on percent of revenue growth during the three-year period between 2013 and 2016. This year, nearly 12 percent of that list features businesses from the New York metro area and Farmingdale’s own Cemtrex ranked No. 184, making the list for the fourth time since 2012.
Power from above: A new pilot project in L.A. is testing whether the fastest and easiest way to get clean trucking might be to electrify the trucks from above.
Time to save those pennies: Uber is looking at going public in 2019, per CEO Dara Khosrowshahi, who was on stage at the New York Times’ Dealbook conference, giving his first public stage interview since taking over. This is the clearest timeline yet from the company on its plans to file for IPO – but it won’t impact the SoftBank deal currently underway.
Location, location, location: Close to home or far afield? As a general rule of thumb, it’s safe to say that venture investment tends to be a local affair. But there aren’t really hard-and-fast rules, just patterns and probabilities. Crunchbase takes a look at where venture capitalists invest and why.
No guts, no glory: Human guts contain microbes, lots of them. Added together, the genes in these bugs’ genomes amount to perhaps 150 times the number in the human genome alone. If the bacteria in question were doing little more than swimming around digesting lettuce, this would be of small consequence. But they’re doing much more than that.
Skin in the game: Scientists have grown a replacement, genetically modified skin to cover almost the entire body of a 7-year-old Syrian boy who was suffering from a devastating genetic disorder.
Do the math: Why do some immunotherapies work in certain patients and not others? It’s a multi-million dollar question, which researchers at the Icahn School of Medicine at Mount Sinai are hoping to solve with some custom computer modeling.
BELOW THE FOLD
A Martha Stewart for Millennials: Cereal milk and Crack Pie are headed for world domination – Christina Tosi’s Milk Bar just raised its first round of venture capitalist funding.
Let the bidding begin: Bob Dylan’s 1963 Martin D-28 Acoustic Guitar – played for more than a decade and through his entire set at George Harrison’s 1971 Concert for Bangladesh – may sell for $300,000 when offered by Heritage Auctions Nov. 11 in Dallas. This is only the second known Dylan guitar to go to auction.
A reminder: There’s really no such thing as “free” news. Please support great causes like the Town of Islip’s economic development effort.
Compiled by the Team at Innovate LI. Thanks for reading.