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P.S. You Should Know... | Issue #123

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👋 Welcome back to P.S. You Should Know… probably the best newsletter published on Sundays between 6-7
 
August 4 · Issue #123 · View online
P.S. You Should Know...
👋 Welcome back to P.S. You Should Know… probably the best newsletter published on Sundays between 6-7am CST, and definitely the best one published by me. Now in its third year!

my story 🚀
Every month I schedule time on my calendar to check in on my progress towards my quarterly goals. One of my goals this quarter is to meet new founders. It was really exciting to see that in just the past month I’ve met 16 founders across 14 different companies. The special energy that people in this “role” often have is contagious, and by its nature tends to create new opportunities for those nearby. If you don’t have founders in your life, consider finding a way to add some 😎.
My personal mission is to collaborate with people who I like and respect on projects I find interesting. I believe the more founders I get to know, the more “shots on goal” I will have at these collaborations.
If you know of a founder who you think I should meet, I’d love an introduction!
someone else's words 💬
Like this quote? Yes 👍 OR No 👎
fun facts 🙌
A font made from hideously gerrymandered districts. “A new typeface called Ugly Gerry… Each letter is formed from the shape of a single grotesquely gerrymandered district.” | learn more
The Soviet Union once paid Pepsi with warships. I’m linking to a longer article, but quoting this tweet: “In 1989, the cash-strapped Soviet Union paid Pepsi with 17 submarines, a cruiser, a frigate & a destroyer in exchange for $3 bln worth of Pepsi. This caused Pepsi to become the 6th largest military power in the world for a moment, before they sold the fleet for scrap recycling.” | learn more
oh, chicago 🏆
The seven mini-cities of Chicago. Instead of the “Chicago is changing in X way” narrative, it’s helpful to go a layer deeper to better understand what’s happening. And that means splitting Chicago into mini-cities. “Of those distinct parts of the city, five are on the way up, one is treading water, and one remains in steep decline.” | learn more
Another Illinois politician indicted for corruption. Democratic state Sen. Tom Cullerton of Villa Park was indicted Friday on charges he pocketed $250k in payments from the Teamsters union despite doing little or no work. | learn more
tech, startups, internet ⚡
China’s small businesses are now getting billions in near-instant loans. “Using real-time payments data and a risk-management system that analyzes more than 3,000 variables, [Alibaba founder Jack] Ma’s four-year-old MYbank has lent 2 trillion yuan ($290 billion) to nearly 16 million small companies. Borrowers apply with a few taps on a smartphone and receive cash almost instantly if they’re approved. The whole process takes three minutes and involves zero human bankers. The default rate so far: about 1%.” | learn more
History of public SaaS returns and valuations. This is a very data-driven analysis worth skimming at least. “The overall returns from public SaaS companies have been remarkable — the average SaaS company has returned almost 5x from their IPO price. For context, most venture capital funds strive to return 3x+ funds over a 10-year fund lifecycle, whereas if you had a dollar in every SaaS IPO you’d be up 4.7x as of 9-July-2019, on an average timeframe of fewer than 4 years.” | learn more
better doing 🎯
Carta’s CEO teaches his team how to hire. On the verge of a hiring spree in 2015 that would lead to 79% of employees having been at Carta less than a year, Henry Ward offered his team this excellent advice… | learn more
How I practice at what I do. Tyler Cowen, a professor at George Mason University, explains how he applies the principals of deliberate practice to his work and life. | learn more
retail therapy 💸
UC Santa Barbara sues Walmart, Amazon and others. “UCSB says it’s entitled to royalties on the sales of vintage-style LED lightbulbs.” They’re an easier target than the overseas manufacturers. A good reminder that if you’re in the chain of commerce, you’re in the chain of lawsuits when things go wrong. | learn more
under the microscope 🔬
Deep aging clocks based on AI. Carve out some time to read this article, as it gets a bit technical. Basically, scientists are now finding AI-based biomarkers of aging and longevity. “Multiple data types can be used to predict age and associate the prediction with mortality, disease, general wellbeing, or other biological processes including methylation, gene expression, microbiome, and imaging data.” | learn more
thoughts of food 🍔
FDA finally approves Impossible Burger for grocery store sales. “…the FDA has finally given its approval for a key blood-simulating ingredient that makes the Impossible Burger look, feel, and taste beef-like, and starting on September 4 the company can finally sell it directly to consumers.” | learn more
on the blockchain ⛓
9 things you didn’t know about Ethereum 2.0. This post presupposes that you know what Ethereum 2.0 is (a big upcoming software release, which includes a switch to proof of stake). | learn more
the end ✅
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