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Under Armour's CEO Was "Broke" After Year One. Here's What Happened Next.


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In 1995, Kevin Plank founded Under Armour after dreaming of a non-sweaty T-shirt while working out on his football team. The inspiration is classic startup fodder… but one year in, it wasn’t going so hot.
Plank had $43,000 in personal debt after spending his life savings and $40,000 on credit cards to get the company off the ground. In its first year, Under Armour made a pithy $17k in sales. Fast-forward 15 years to 2010, and Under Armour saw its first billion-dollar sales year. At one point, the company had 26 consecutive quarters of 20% year-over-year revenue growth or more. ....

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VCU College of Engineering, partners develop plan to strengthen emerging business cluster


VCU College of Engineering, partners develop plan to strengthen emerging business cluster
Published Saturday, Apr. 24, 2021, 8:34 pm
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A coalition of regional economic development, private business and higher education leaders is mobilizing to build a global cluster of advanced pharmaceutical manufacturing, research and development in Richmond and Petersburg.
Under a planning grant from Growth and Opportunity for Virginia, a state-funded initiative administered by the Virginia Department of Housing and Community Development, the Virginia Commonwealth University College of Engineering and its team this week announced a strategy for the region to nurture and grow an interrelated network that would drive new businesses and job growth and ultimately improve acc ....

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