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Hi. My name is Adam. I am the co-founder of Pure Adapt, Inc in Albany, NY. We own Detailed Image, LockerPulse, and a bunch of other websites. I write about our company, entrepreneurship in general, work-life balance, and whatever else interests me.
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Category Archives: Finance
How We Saved $4,000 Down and $140 a Month on Internet
One thing we learned quickly when we started adding up the costs of a warehouse was that everything is more expensive when you’re a business. It’s as if every service provider hears “business” and immediately jacks up the price 50%. As of Monday we had everything squared away except our internet access, which has always been a bitch every time I’ve ever moved. That’s why we got out in front of it and about two weeks ago George put a call in to Time Warner Cable to inquire about getting Road Runner in our warehouse. They told him they needed … Continue reading
Identity Theft From 2000 Keeps Haunting Me
Back in the year 2000 I was an 18 year old freshman in college and living in Albany, NY. Somewhere 150 miles away in New York City (Bronx to be exact) some guy opens an account with Sprint Long Distance for his home long distance service. He uses the name ‘Adam McFarland Jr.’ and opens the account with my social security number. He runs up $517 in charges and then cancels the account. In November of 2003 I start getting phone calls from a collection agency looking for an Adam McFarland Jr. At first I just say ‘you have the … Continue reading
We Got Our Money Back
At 12:34:28 PM this afternoon George sent us all a message via Skype: good news fuckers, time to party – reopened 40k line What ensued in our chat room was an onslaught of remarks that were an equal mix of extreme joy and extreme slandering of Bank of America and everyone who works there. I don’t think I’ve ever been happier in my life. It was only about 28 hours since this fiasco began yesterday, but losing an important $40k line of credit sent my mind into a tailspin: How would we account for the missing money? Would we still … Continue reading
How We Lost $40k Before Noon Today
Small business finance is a tricky thing. Contrary to popular belief, more startups are funded on debt than on equity and Pure Adapt falls into that category. We value our stock immensely and would prefer to intelligently manage our debt as opposed to giving up equity. Up until this morning, that process had worked out well for us. At any given point we generally have about as much revolving debt as the value of our Detailed Image inventory – which is pretty good considering if we liquidated we’d be in the positive (not including the value of our sites, client … Continue reading