By the numbers: 50m pounds of syrup, child care’s 1% profit margins, and more - The Hustle
The Hustle

By the numbers: 50m pounds of syrup, child care’s 1% profit margins, and more

Plus: Huckleberry Finn(ance), cavities to fill, and DocuSign woes.

Bottles of pure Canadian maple syrup in Toronto, Ontario, Canada. (Photo by Creative Touch Imaging Ltd./NurPhoto via Getty Images)

Source: Creative Touch Imaging Ltd./NurPhoto/Getty Images

1) In what’s perhaps the most Canadian stat of the year, the Quebec Maple Syrup Producers group will release 50m pounds of syrup (½ of the supply) from its strategic reserve to address a 21% spike in demand on one end and low yields on the other.

2) In most states, child care costs more than in-state college tuition, and the individuals providing care — 87% of whom completed some higher education — earn ~$24k annually. The dicey business model means the average child-care center has just a 1% profit margin, according to the US Department of the Treasury.

3) Some news about Huckleberry Finn(ance): As with many things at the moment, huckleberry demand is up and yields are down. The $50m huckleberry market has seen per-pound prices double to $17 in the last 2 years.

4) Cavity to fill: Around 10% of dentists in America are educated at NYU, where they can expect to spend $572k+ on their education. The program’s 2015 and 2016 graduates had a median debt of ~$349k and median income of $82k 2 years after graduating.

5) Shares of e-signature company DocuSign dropped 42% Friday after the company lowered guidance for the 4th quarter. As pro-memer Dr. Patel said so eloquently, “Docusign stock price [is] down… after analysts discover that the entire business can be replaced by pen and paper.”

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