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P.S. You Should Know... | Issue #164

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👋 Welcome back to P.S. You Should Know… probably the best newsletter published on Sundays between 6-7
 
May 17 · Issue #164 · 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 🚀
🥊 We bought a (very small) business this week! I partnered with my good friend Scott to build a distributed team and a diverse collection of branded internet businesses. Our first acquisition is FGHTR, a brand of martial arts training tools and apparel. Use code PSYOUSHOULDKNOW for 30% off.
🧪 Sadly, the word data is now politicized nowadays. Leaders talk about being data driven, then proceed to ignore data when making decision (ahem, IL’s 2-passenger limit for boats 🤮). I have a high bar for COVID-19 analysis articles – this one made the cut. The author, Erin Bromage, is a biology professor who teaches courses in immunology and infectious disease. He surfaces real data and real analysis about what we can learn from super-spreader events. If you read anything about COVID-19, read The Risks - Know Them - Avoid Them.
🏠 We’re heading home this week after almost two months away from Chicago. I have mixed feelings about our pending return. I’m a bit homesick and look forward to rebuilding some normalcy for the family. At the same time, urban Chicago still seems like a tough place to be during the shutdown. In any case, I’m quite grateful for our time away and the memories we’ve made in the rural Midwest.
someone else's words 💬
fun facts 🙌
Capone, king of crime. This snarky Vanity Fair article from May 1931 offers, “highlights in the life of Chicago’s celebrated racketeer who is seeking new worlds to conquer.” | learn more
The original first pair of Air Jordan sneakers smash auction records. The Sotheby’s auction is still running, and they’re already going for $240,000. | learn more
30 animals that look like they’re about to drop new albums. Fun photos here - nothing else. | learn more
oh, chicago 🏆
Chicago should legalize coach houses. I didn’t even realize they were illegal. “Urban Land Institute Chicago report says the additional units would help address the city’s lack of affordable housing.” | learn more
Chicago leads among heartland cities attracting VC. “America’s Mighty Middle Report, published by Crunchbase and Omaha-based Dundee Venture Capital, shows that over the last decade, Chicago leads the region’s VC funding at $15.2 billion, followed by Austin at $11.8 billion and Denver at $10.5 billion.” | learn more
tech, startups, internet ⚡
How big is software? This is a short and interesting read. “Patio11’s Law: The software economy is bigger than you think, even when you take into account Patio11’s Law.” | learn more
Midwest startups during COVID-19: CEO survey results. “Sandalphon Capital conducted a survey of Midwest Startup CEOs and founders to gauge the impact COVID-19 has been having on their companies and the ecosystem” | learn more
better doing 🎯
Advice on the network of people giving you advice. This is not a generic advice article. It’s incredibly detailed and actionable. “Founders get a lot of advice. Taking advice is a skill, and mastering it gives you decision superpowers. There are 4 keys to navigating advice.” | learn more
retail therapy 💸
What’s happening to book sales? They’re up in many categories, down in others. Amazon deemed books non-essential, slowing orders. Meanwhile startup Bookshop.org is growing out of control. One of their main selling points seems to be that they’re not Amazon. | learn more
The fourth great unlock. Scott Galloway is impressed by Amazon. “Any customer, vendor, supplier or worker who wants a near-virus-free supply chain, a criterion that has gone from zero to light speed in 90 days, will have a selection set of one.” | learn more
The future of remote work is not that remote. I didn’t know where to include this link so it’s here. We should remember the strong network effects of cities before we believe that they’ll fall apart in favor of remote work. | learn more
under the microscope 🔬
A virus is neither alive nor dead. I learned a lot from this short post. “Virus? …simply a piece of bad news wrapped up in protein. —Jean and Peter Medawar.” | learn more
Antioxidant nanofiber mats help prevent food spoilage and heal wounds. “Antioxidants fight oxidation, which can spoil food and alcohol and harm cells in the body. Now, researchers have woven antioxidants into nanofiber mats, which release the vital compounds slowly and could be useful for food coverings or bandages.” | learn more
Hijacking bacterial attack system with light. Science is so cool. “Some bacteria inject toxins into host cells using a syringe-like appendage. Past research has found we could hijack that as a new drug delivery system, and now Max Planck scientists have developed a way to control the mechanism using light.” | learn more
thoughts of food 🍔
Food delivery: so much intrigue and game theory. A few weeks ago I started subscribing to some twitter feeds via email (using mailbrew – referral link). It’s already proven valuable thanks to this series of tweets from Ezra Galston of Starting Line VC. He pulls together a lot of articles to highlight the wild dynamics of food delivery “under the hood.” | learn more
Instacart was overwhelmed by coronavirus overnight. “The grocery delivery startup added 300,000 workers in eight weeks, but Covid-19 is still overtaking it in more ways than one.” | learn more
One quarter of US restaurants won’t reopen, says OpenTable. This is a forecast and they can’t predict the future, but… | learn more
on the blockchain ⛓
Reddit launching ERC-20 tokens. Every little bit of adoption helps promote the ecosystem. “The Fortnight and cryptocurrency subreddits have over two million users that will be trialing this new points system. If it proves to be successful, this new feature could make its way towards the rest of Reddit’s 400 million users.” | learn more
calls to action 👇
P.S. Here are some ways you can contribute…
1️⃣ Share details about a project or problem you’re working on.
2️⃣ Introduce me to someone entrepreneurial (opt-in only plz).
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4️⃣ Send me a new link that you find interesting.
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