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P.S. You Should Know... | Issue #146

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👋 Welcome back to P.S. You Should Know… probably the best newsletter published on Sundays between 6-7
 
January 12 · Issue #146 · 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 fourth year!

my story 🚀
Papa & Daughter Pasta Night @ Tortello | 👨👧🍝
Papa & Daughter Pasta Night @ Tortello | 👨👧🍝
Just before the year ended, I published two new posts. Not coincidentally, this was just in the nick of time to reach my publishing goal for the year 😜. I plan to write and share more of my own thoughts this year in addition great links to others’ content, so stay tuned!
📘 First, I wrote a book review of Ben Franklin’s biography by Walter Isaacson. I took extra time to put some love into it so that I could really process what I was able to learn from his story. An excerpt:
Franklin is a shining example of just how much one can accomplish in a single lifetime. Starting as a teenage runaway, he progressed his career from apprentice to printer to publisher to franchisor. This is all before he turned to politics! During this pre-political life, Franklin was especially frugal, focused and diligent in his work. I like to think of his journey as a roadmap.
I tracked my glucose levels for twenty-eight days using a continuous glucose monitor (CGM). Instead of traditional twice-a-day finger pricks, CGMs check glucose at regular intervals via a small probe embedded under the skin. I wore mine on the arm for two two-week periods, totaling 2,629 measurements. A startup called NutriSense helped me obtain the CGM and parse the data (I paid full price for the program). NutriSense taught me not only about GCMs and glucose tracking, but also about myself.
someone else's words 💬
fun facts 🙌
It’s hard to be a spy in the digital age. This is a fascinating article that discusses in great detail the challenges for the CIA of running spies in foreign countries as the internet, networked cameras and biometrics continue taking hold. I am troubled by the sources being entirely anonymous ‘senior intelligence officials’ though, so it could be completely fabricated. | learn more
My favorite LinkedIn profile. Roy Bahat, who runs VC fund Bloomberg Beta, seems like an awesome person. I recommend reading his profile in full. “I tried writing my LinkedIn to be honest to both my successes and the other stuff – so you can understand me better than the camera only showed my good side. If that means you’d rather not work with me, let’s be grateful we learned that now!” | learn more
New evidence for theory of Stork baby delivery. A scientific paper with plenty of correlation suggesting storks really do deliver babies. | learn more
Goldman Sachs just says ‘Vice President’ to be polite. “If everyone is a Vice President and Global Head of Something, is anyone really the global head of anything?” | learn more
oh, chicago 🏆
New Illinois law regulates AI in job interviews. If a company uses AI to analyze video job interviews, they must now disclose this and obtain opt-in from candidates. Of course, if you opt out you’re also opting out of the job, so… | learn more
tech, startups, internet ⚡
Startup growth and venture returns. AngelList analyzed seven years of deals to test assumptions about the nature of venture capital returns. One finding: “At the seed stage, investors would increase their expected return by broadly indexing into every credible deal.” | learn more
The health of the US venture market in 2020. Tom Tunguz analyzed the venture market to understand where in the cycle we are. “We are 12 years into the longest bull market in US history and this bullishness has powered the venture market. Investors deployed $117 billion in 2019 up from $106 billion in 2018.. This market has grown 20% over the last five years. It’s been go, go, go for nearly a decade.” | learn more
High level trends in the machine intelligence space. Rob May, editor of the Inside AI newsletter and prolific AI investor, kicked off the new year with “some thoughts on where AI is going and in particular where [he] think[s] the best opportunities lie.” He has one of the best-informed opinions out there on this topic. | learn more
Instead of a business plan, write a thesis plan. I love so much about this article by Roy Bahat (same guy as above, whose LinkedIn profile is stellar). Much of this mirrors the mindset we convey to Kellogg MBA students developing new ventures. “Startups, by definition, traffic in the unknown. Business plans are, for founders, a futile-feeling exercise in predicting the future.” | learn more
better doing 🎯
What to work on. Written by the incredibly successful VC Fred Wilson, he digs into the concept of doing the right thing the wrong way vs doing the wrong thing the right way. “First and foremost, I believe we should all work on projects that interest us, where we have insights that others don’t have, and that motivate and inspire us and others.” | learn more
10 ways to have a better conversation. This is a nice TED talk by Celeste Headlee, a radio host with decades of experience. “When your job hinges on how well you talk to people, you learn a lot about how to have conversations – and that most of us don’t converse very well.” | learn more
to your health ⚕
Electronic health records and a new era of health care fraud. “The federal government funneled billions in subsidies to software vendors and some overstated or deceived the government about what their products could do, according to whistleblowers.” | learn more
retail therapy 💸
What’s Amazon’s market share? Is it 35% or 5%? “Amazon is a big company, but what does that mean? How big is ‘big’? What does ‘dominant’ or ‘scale’ or ‘huge’ mean when US retail is $6 trillion every year?” Written by VC Ben Evans. | learn more
Walmart’s secret weapon to fight off Amazon: the supercenter. “Walmart is betting on a future where its giant stores will quickly get groceries to your door, replace the doctor’s office and rent out computing power to passing drones and autonomous cars.” | learn more
big ideas 📚
20 metatrends for the roaring 20s. From smart guy and incredible optimist Peter Diamandis. “In the decade ahead, waves of exponential technological advancements are stacking atop one another, eclipsing decades of breakthroughs in scale and impact. Emerging from these waves are 20 “Metatrends,” likely to revolutionize entire industries (old and new), redefine tomorrow’s generation of businesses and contemporary challenges, and transform our livelihoods from the bottom-up.” | learn more
calls to action 👇
Love this newsletter and want to give back? Here are some ideas!
1️⃣ Share details about a project or problem you’re working on.
2️⃣ Introduce me to someone entrepreneurial (opt-in only plz).
3️⃣ Share your ideas about one of the newsletter’s topics.
4️⃣ Send me a new link that you find interesting.
5️⃣ Forward the newsletter to a friend who might enjoy it.
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