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P.S. You Should Know... | Issue #148

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👋 Welcome back to P.S. You Should Know… probably the best newsletter published on Sundays between 6-7
 
January 26 · Issue #148 · 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 🚀
Petra offers a useful reminder: life is about balance!
Petra offers a useful reminder: life is about balance!
✍ An IT executive offered me a crash course on ransomware a few weeks ago, and I jumped at the opportunity. He’s responsible for overseeing thousands of employees and constant M&A integrations. Recently, he shared this fun fact: “We blocked all Russian based Email servers from communicating to us.  In less than 12 hours we rejected over 500 phishing emails which were getting through our filters.” I took detailed notes so that I could share his teaching with others. Ransomware is coming for your organization. (There’s an investment thesis to be made here, possibly in public equities. If that’s your area of expertise I’d love to hear from you.)
someone else's words 💬
fun facts 🙌
Pink-collar workers. I heard this term for the first time this week, though it dates to the late 1970s. “A pink-collar worker refers to someone working in the care-oriented career field or in fields historically considered to be women’s work.” | learn more
Pornhub sued by deaf man over ADA compliance. He claimed the video he chose lacked close captioning. Do websites need to be compliant with the Americans with Disabilities Act? Since websites weren’t considered when the law was drafted, it’s a very grey area that class action attorneys are delighted to probe. For the PornHub story, click learn more. For more insightful analysis, follow this link instead. | learn more
oh, chicago 🏆
How the Chicago Teachers Union spends its money. The Chicago Sun Times reports: “We examined how the CTU uses its considerable financial muscle and found nearly $1.5 million from its dues-funded budget went to politics and lobbying over 15 months. And a union foundation cut back sharply on charitable giving.” | learn more
Man steals weed from cannabis amnesty box at Midway airport. As recreational pot became legal in Illinois this month, the city installed ‘amnesty boxes’ at both airports to allow travelers to ditch their pot before security screening. One enterprising man decided to reach in and redeem a prize instead. And he got away! | learn more
tech, startups, internet ⚡
VC-backed companies don’t go out of business? Not in Chicago, at least, according to Pitchbook data. Someday I’d like to reconcile a few narratives and personal experiences: 1) Most startups fail, 2) VC-backed startups make bold bets, and 3) I’ve only seen a handful of local funded startups admit failure. What’s going on?
How to lose a monopoly: Microsoft, IBM and anti-trust. Benedict Evans offers a thoughtful opinion about tech and anti-trust regulation. “Microsoft and IBM each dominated their generation of tech, and they each lost that dominance, not because of anything they did, nor because of anti-trust, but because the business they controlled stopped being the centre of tech.” | learn more
better doing 🎯
Lessons learned in Byron Wien’s first 80 years. These twenty lessons from Blackstone’s Vice Chairman contain loads of wisdom. “20. Never retire. If you work forever, you can live forever. I know there is an abundance of biological evidence against this theory, but I’m going with it anyway.” | learn more
Tony Robbins: why we do what we do. Until this week, I had heard of Tony Robbins but had not actually heard him. “Tony Robbins discusses the "invisible forces” that motivate everyone’s actions – and high-fives Al Gore in the front row.“ | learn more
to your health ⚕
FHIR - pronounced ‘fire’ - grows as a patient data standard. “The web-based standard FHIR could hasten the day when we can view our full medical histories on a smartphone screen. Tech giants are hungry for a piece of the pie, but obstacles remain.” | learn more
under the microscope 🔬
New Harvard study fights fat with salty, icy injections. The 2nd order consequences scare me here: what will people choose to eat if they can really just melt away body fat after bad diet choices? “It sure sounds like an online pop-up ad, but Harvard scientists have created and tested a new treatment that melts away body fat. The new technique involves injecting an icy saline solution directly into fat deposits to shrink them by half.” | learn more
Liquid metal shredder kills superbugs without drugs. Hope is on the horizon for a new weapon against antibiotic resistance: “magnetic nanoparticles that physically tear them to shreds.” | learn more
thoughts of food 🍔
How New York’s bagel union fought - and beat - a mafia takeover. Bagels were once relatively unknown outside of New York City. “A bagel,” the newspaper of record explained in 1960, “is an unsweetened doughnut with rigor mortis.” The bakeries were “located in the basements of apartment houses and other large buildings with coal-fired furnaces that could be converted into ovens.” | learn more
Grubhub and Lettuce Entertain You partner for delivery-only restaurant. Delivery-only restaurants, also called ghost kitchens, haven’t won me over as a consumer. The lack of a brick & mortar affiliation is certainly part of the problem. Affiliating a ghost kitchen with a brick & mortar brand I already trust (LEY is great!) might be a game changer. | learn more
on the blockchain ⛓
How criminals moved billions in 2019. “Thanks to the inherent transparency of blockchains, we can look at cryptocurrency’s money laundering ecosystem from a high level, and draw insights that aren’t possible when studying money laundering in the traditional fiat currency world.” | learn more
Rapper Akon finalizes deal to create crypto city in Senegal. “Akon says he has signed an agreement with the government of Senegal to build a city with a cryptocurrency-based economy named Akon City.” | 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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