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PLUS: The 1890s bicycle bubble. Brought to you by The Hustle together with Gong.
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February 16, 2021
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TOGETHER WITH
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Texas residents faced rolling blackouts as a winter chill swept over the state, straining natural gas supplies.
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In response, Chris Bakke -- a former My First Million podcast guest -- dropped a near perfect tweet: “Texas is proof that if you assemble enough Californians in any one place, a rolling blackout occurs.”
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The Big Idea
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For the next big ecommerce trend, look down and east
</h2>
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<p style="font-size: 15px; line-height: 140%; margin: 5px 0px 10px;">
To predict digital trends, the saying goes,
<em>
look down and east
</em>
. “Down,” as in your phone, and “east” as in China. Today, there’s yet another reason to look down and east.
</p>
<p style="font-size: 15px; line-height: 140%; margin: 5px 0px 10px;">
Around the world, Chinese people are celebrating 2 things: the Year of the Ox and the year livestreamed ecommerce went BIG.
</p>
<h4 style="font-size: 17px; height: 100%; letter-spacing: 0px; line-height: 22px; margin: 0px; padding-top: 8px;">
<em>
<strong>
So big
</strong>
</em>
<strong>
, in fact, it was the main focus at China’s New Year’s Gala…
</strong>
</h4>
<p style="font-size: 15px; line-height: 140%; margin: 5px 0px 10px;">
…
<a style="-webkit-text-fill-color: #d62829; color: #d62829; text-decoration: none;">
viewed
</a>
by
<strong>
1B+
</strong>
people. The star of the show was 36-year-old influencer Huang Wei, known as Viya, China’s livestream queen.
</p>
<p style="font-size: 15px; line-height: 140%; margin: 5px 0px 10px;">
Spotlighting Viya shows China’s dead serious about leading the world in livestreamed ecommerce:
</p>
<ul style="font-size: 16px; line-height: 20px; margin: 0; padding-bottom: 10px; padding-left: 12px;">
<li style="font-size: 15px; line-height: 140%; margin: 0 0 0 15px; padding: 0px;">
As of March 2020, 560m people were watching shopping livestreams in China, an increase of 126m compared to the summer of 2019.
</li>
<li style="font-size: 15px; line-height: 140%; margin: 0 0 0 15px; padding: 0px;">
China’s livestream commerce market reached
<strong>
$170B
</strong>
in 2020, up from $66B in 2019.
</li>
</ul>
<p style="font-size: 15px; line-height: 140%; margin: 5px 0px 10px;">
Think of China’s livestreamed shopping platforms as the intersection of QVC and TikTok. Anyone can be an influencer, offer fan discounts, and promote flash deals in real time.
</p>
<h4 style="font-size: 17px; height: 100%; letter-spacing: 0px; line-height: 22px; margin: 0px; padding-top: 8px;">
<strong>
China’s hoping the trend can rejuvenate its battered economy
</strong>
</h4>
<p style="font-size: 15px; line-height: 140%; margin: 5px 0px 10px;">
Though influencers can sell practically anything (no joke, Viya sold a rocket launch service last year), Beijing is pushing influencers to promote nationally important products.
</p>
<p style="font-size: 15px; line-height: 140%; margin: 5px 0px 10px;">
Many influencers promote local foods to help China’s
<a style="-webkit-text-fill-color: #d62829; color: #d62829; text-decoration: none;">
<strong>
130m
</strong>
</a>
farm households. One platform says it even helped 5m sellers from China’s poorest villages market ~$3B in agricultural products in 2019.
</p>
<h4 style="font-size: 17px; height: 100%; letter-spacing: 0px; line-height: 22px; margin: 0px; padding-top: 8px;">
<strong>
When will livestreamed commerce trend overseas?
</strong>
</h4>
<p style="font-size: 15px; line-height: 140%; margin: 5px 0px 10px;">
In the US, we’re already seeing its early stages. Amazon launched an in-house QVC
<a style="-webkit-text-fill-color: #d62829; color: #d62829; text-decoration: none;">
platform
</a>
-- Amazon Live -- in 2019, and Walmart
<a style="-webkit-text-fill-color: #d62829; color: #d62829; text-decoration: none;">
tested
</a>
influencer-driven live shopping on TikTok in December.
</p>
<p style="font-size: 15px; line-height: 140%; margin: 5px 0px 10px;">
It’s a good start, but to catch up with China’s 560m viewers, there’s clearly a ways to go.
</p>
</td>
</tr>
<tr>
<td align="center" style="padding: 5px 0px 6px; text-align: center;">
<img src="https://inboxflows.com/_/image/https%253A%252F%252Fsailthru-media.s3.amazonaws.com%252Fcomposer%252Fimages%252Fsailthru-prod-6ks%252FViya.jpg/?inbox_flows_img_sig=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZzYWlsdGhydS1tZSJ9:1lBzUo:WTVSptr3feteUpQTBX-GnXxa9oM0WueFXwCKHvqHXRM" style="height: auto; max-width: 600px; width: 100%;" width="600"/>
</td>
</tr>
<tr>
<td>
<p style="color: #5f696c; font-family: Helvetica, sans-serif; font-size: 12px; font-style: italic; line-height: 20px; margin: 0px; padding: 8px 5px 10px;">
Viya, China’s livestream queen, literally selling a rocket online (Source:
<a style="-webkit-text-fill-color: #d62829; color: #d62829; text-decoration: none;">
The Sixth Tone
</a>
)
</p>
</td>
</tr>
<tr>
<td>
<table cellpadding="0" style="padding: 10px 10px 0px; width: 100%;">
<tbody style="text-align: right;">
<tr>
<td align="right" style="display: inline-block; padding: 0px 0px 2px; text-align: right;">
<a data-tags="share facebook" style="color: #d62829; padding: 0 8px; text-decoration: none; white-space: nowrap;">
<img alt="Share on Facebook" height="30" src="https://inboxflows.com/_/image/https%253A%252F%252Fsailthru-media.s3.amazonaws.com%252Fcomposer%252Fimages%252Fsailthru-prod-6ks%252Ffb.png/?inbox_flows_img_sig=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZzYWlsdGhydS1tZSJ9:1lBzUo:WTVSptr3feteUpQTBX-GnXxa9oM0WueFXwCKHvqHXRM" width="30"/>
</a>
</td>
<td align="right" style="display: inline-block; padding: 0px 0px 2px; text-align: right;">
<a data-tags="share twitter" style="color: #d62829; padding: 0 8px; text-decoration: none; white-space: nowrap;">
<img alt="Share on Twitter" height="30" src="https://inboxflows.com/_/image/https%253A%252F%252Fsailthru-media.s3.amazonaws.com%252Fcomposer%252Fimages%252Fsailthru-prod-6ks%252Ftwitter.png/?inbox_flows_img_sig=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZzYWlsdGhydS1tZSJ9:1lBzUo:WTVSptr3feteUpQTBX-GnXxa9oM0WueFXwCKHvqHXRM" width="30"/>
</a>
</td>
<td align="right" style="display: inline-block; padding: 0px 0px 2px; text-align: right;">
<a data-tags="share email" style="color: #d62829; padding: 0 8px; text-decoration: none; white-space: nowrap;">
<img alt="Send as email to a friend" height="30" src="https://inboxflows.com/_/image/https%253A%252F%252Fsailthru-media.s3.amazonaws.com%252Fcomposer%252Fimages%252Fsailthru-prod-6ks%252Femail.png/?inbox_flows_img_sig=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZzYWlsdGhydS1tZSJ9:1lBzUo:WTVSptr3feteUpQTBX-GnXxa9oM0WueFXwCKHvqHXRM" width="30"/>
</a>
</td>
<td align="right" style="display: inline-block; padding: 0px 0px 2px; text-align: right;">
<a data-tags="share site" style="color: #d62829; padding: 0 8px; text-decoration: none; white-space: nowrap;">
<img alt="View on our website" height="30" src="https://inboxflows.com/_/image/https%253A%252F%252Fsailthru-media.s3.amazonaws.com%252Fcomposer%252Fimages%252Fsailthru-prod-6ks%252Fweb.png/?inbox_flows_img_sig=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZzYWlsdGhydS1tZSJ9:1lBzUo:WTVSptr3feteUpQTBX-GnXxa9oM0WueFXwCKHvqHXRM" width="30"/>
</a>
</td>
</tr>
</tbody>
</table>
</td>
</tr>
</table>
</td>
</tr>
<tr>
<td style="border-bottom-color: #dddddd; border-bottom-style: solid; border-bottom-width: 1px; padding-top: 15px;">
</td>
</tr>
<tr>
<td style="padding-bottom: 5px;">
</td>
</tr>
<tr>
<td style="width: 100%;">
<table style="width: 100%;">
<tr>
<td style="color: #D62829; font-size: 16px; font-weight: bold; letter-spacing: 1.5px; padding: 10px 3px 12px; text-transform: uppercase;">
Snippets
</td>
</tr>
<tr>
<td class="h2020 ignore-defaults" style="padding: 0px 3px;">
<ul style="font-size: 16px; line-height: 20px; margin: 0; padding-bottom: 10px; padding-left: 12px;">
<li style="font-size: 15px; line-height: 140%; margin: 0 0 0 15px; padding: 0px;">
<strong>
Skynet going live?
</strong>
Per the
<a style="color: #d62829; text-decoration: none;">
<em>
Wall Street Journal
</em>
</a>
, the Pentagon aims to introduce autonomous vehicles (including helicopters and undersea vessels) in the not-so-distant future.
</li>
<li style="font-size: 15px; line-height: 140%; margin: 0 0 0 15px; padding: 0px;">
<strong>
EV win:
</strong>
Jaguar Land Rover
<a style="color: #d62829; text-decoration: none;">
announced
</a>
its Jaguar brand will be all-electric by 2025 and Land Rover will release 6 fully electric models over the next 5 years.
</li>
<li style="font-size: 15px; line-height: 140%; margin: 0 0 0 15px; padding: 0px;">
<strong>
Uber-sized problems:
</strong>
Ahead of an EU review of gig economy regulations, Uber recommended a
<a style="color: #d62829; text-decoration: none;">
model
</a>
in which drivers aren’t employees but still receive some benefits.
</li>
<li style="font-size: 15px; line-height: 140%; margin: 0 0 0 15px; padding: 0px;">
<strong>
Parler returns:
</strong>
The embattled company -- which was blacklisted by Big Tech and hasn’t had a CEO for weeks -- released a
<a style="color: #d62829; text-decoration: none;">
new site
</a>
, though it’s not clear who’s hosting it.
</li>
<li style="font-size: 15px; line-height: 140%; margin: 0 0 0 15px; padding: 0px;">
<strong>
This year’s Sundance Film Festival
</strong>
went remote (and got a bit weird) with quarantine-friendly fare including Zoom, Instagram, and VR content, per
<a style="color: #d62829; text-decoration: none;">
<em>
The Verge
</em>
</a>
.
</li>
</ul>
<div style="display: none;">
</div>
</td>
</tr>
</table>
</td>
</tr>
<tr>
<td style="border-bottom-color: #dddddd; border-bottom-style: solid; border-bottom-width: 1px; padding-top: 5px;">
</td>
</tr>
<tr>
<td style="padding-bottom: 5px;">
</td>
</tr>
<tr style="display: block; padding: 10px 2px 0px;">
<td style="width: 100%;">
<table style="width: 100%;">
<tr>
<td style="color: #D62829; font-size: 16px; font-weight: bold; letter-spacing: 1.5px; padding: 0px 0px 10px; text-transform: uppercase;">
Energy economy
</td>
</tr>
<tr>
<td style="padding: 0 0 6px; text-align: center;">
<a style="color: #d62829; text-decoration: none;">
<img alt="There Will Be Blood gif" src="https://inboxflows.com/_/image/https%253A%252F%252Fsailthru-media.s3.amazonaws.com%252Fcomposer%252Fimages%252Fsailthru-prod-6ks%252Fthere_will_beblood.gif/?inbox_flows_img_sig=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZzYWlsdGhydS1tZSJ9:1lBzUo:WTVSptr3feteUpQTBX-GnXxa9oM0WueFXwCKHvqHXRM" style="height: auto; max-width: 500px; width: 100%;" width="500"/>
</a>
</td>
</tr>
<tr>
<td>
<p style="color: #5f696c; font-family: Helvetica, sans-serif; font-size: 12px; font-style: italic; line-height: 20px; margin: 0px; padding: 8px 5px 10px;">
“There Will Be Blood” is a top 10 movie ever… don’t @ us (Source: Giphy)
</p>
</td>
</tr>
<tr>
<td>
<h2 style="font-size: 22px; font-weight: bold; line-height: 26px; margin: 10px 0px 5px;">
Why oil and battery metal prices are surging in parallel
</h2>
</td>
</tr>
<tr>
<td class="h2020 ignore-defaults" style="padding: 5px 0px 0px;">
<p style="font-size: 15px; line-height: 140%; margin: 5px 0px 10px;">
Metals used in electric vehicle batteries are going to the moon.
</p>
<p style="font-size: 15px; line-height: 140%; margin: 5px 0px 10px;">
Cobalt, lithium, copper, nickel,and some rare earth metals have seen prices surge in recent months as electric vehicle (EV) demand -- especially in China -- rises.
</p>
<p style="font-size: 15px; line-height: 140%; margin: 5px 0px 10px;">
According to
<a style="-webkit-text-fill-color: #d62829; color: #d62829; text-decoration: none;">
<em>
The Economist
</em>
</a>
, the bullish run is also due to COVID-related supply constraints in China (rare earth), Indonesia, and South Africa (cobalt) -- among others.
</p>
<p style="font-size: 15px; line-height: 140%; margin: 5px 0px 10px;">
Another energy-related commodity is also seeing prices jump.
</p>
<h4 style="font-size: 17px; height: 100%; letter-spacing: 0px; line-height: 22px; margin: 0px; padding-top: 8px;">
<strong>
On Monday, WTI crude oil hit $60.77...
</strong>
</h4>
<p style="font-size: 15px; line-height: 140%; margin: 5px 0px 10px;">
… a pandemic high, per
<a style="-webkit-text-fill-color: #d62829; color: #d62829; text-decoration: none;">
<em>
CNBC
</em>
</a>
. The commodity is now up more than 20% for the year and is a long way away from
<a style="-webkit-text-fill-color: #d62829; color: #d62829; text-decoration: none;">
negative
</a>
futures prices of April 2020.
</p>
<p style="font-size: 15px; line-height: 140%; margin: 5px 0px 10px;">
Supply constraints are also an important consideration for oil. The winter weather sweeping through Texas could potentially freeze wells and take oil production offline. Further, many O&G companies are shedding production budgets, which will strain supplies.
</p>
<p style="font-size: 15px; line-height: 140%; margin: 5px 0px 10px;">
Add to that, greater energy demands -- to deal with cold weather and the longer-term expectation of economic recovery -- and you have the recipe for rising prices.
</p>
<p style="font-size: 15px; line-height: 140%; margin: 5px 0px 10px;">
This may all be a sign of a “strange pattern to come,” writes
<em>
The Economist
</em>
: higher prices for both oil and the metals that may help replace it.
</p>
</td>
</tr>
<tr>
<td>
<table cellpadding="0" style="padding: 10px 10px 0px; width: 100%;">
<tbody style="text-align: right;">
<tr>
<td align="right" style="display: inline-block; padding: 0px 0px 2px; text-align: right;">
<a data-tags="share facebook" style="color: #d62829; padding: 0 8px; text-decoration: none; white-space: nowrap;">
<img alt="Share on Facebook" height="30" src="https://inboxflows.com/_/image/https%253A%252F%252Fsailthru-media.s3.amazonaws.com%252Fcomposer%252Fimages%252Fsailthru-prod-6ks%252Ffb.png/?inbox_flows_img_sig=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZzYWlsdGhydS1tZSJ9:1lBzUo:WTVSptr3feteUpQTBX-GnXxa9oM0WueFXwCKHvqHXRM" width="30"/>
</a>
</td>
<td align="right" style="display: inline-block; padding: 0px 0px 2px; text-align: right;">
<a data-tags="share twitter" style="color: #d62829; padding: 0 8px; text-decoration: none; white-space: nowrap;">
<img alt="Share on Twitter" height="30" src="https://inboxflows.com/_/image/https%253A%252F%252Fsailthru-media.s3.amazonaws.com%252Fcomposer%252Fimages%252Fsailthru-prod-6ks%252Ftwitter.png/?inbox_flows_img_sig=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZzYWlsdGhydS1tZSJ9:1lBzUo:WTVSptr3feteUpQTBX-GnXxa9oM0WueFXwCKHvqHXRM" width="30"/>
</a>
</td>
<td align="right" style="display: inline-block; padding: 0px 0px 2px; text-align: right;">
<a data-tags="share email" style="color: #d62829; padding: 0 8px; text-decoration: none; white-space: nowrap;">
<img alt="Send as email to a friend" height="30" src="https://inboxflows.com/_/image/https%253A%252F%252Fsailthru-media.s3.amazonaws.com%252Fcomposer%252Fimages%252Fsailthru-prod-6ks%252Femail.png/?inbox_flows_img_sig=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZzYWlsdGhydS1tZSJ9:1lBzUo:WTVSptr3feteUpQTBX-GnXxa9oM0WueFXwCKHvqHXRM" width="30"/>
</a>
</td>
<td align="right" style="display: inline-block; padding: 0px 0px 2px; text-align: right;">
<a data-tags="share site" style="color: #d62829; padding: 0 8px; text-decoration: none; white-space: nowrap;">
<img alt="View on our website" height="30" src="https://inboxflows.com/_/image/https%253A%252F%252Fsailthru-media.s3.amazonaws.com%252Fcomposer%252Fimages%252Fsailthru-prod-6ks%252Fweb.png/?inbox_flows_img_sig=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZzYWlsdGhydS1tZSJ9:1lBzUo:WTVSptr3feteUpQTBX-GnXxa9oM0WueFXwCKHvqHXRM" width="30"/>
</a>
</td>
</tr>
</tbody>
</table>
</td>
</tr>
</table>
</td>
</tr>
<tr>
<td style="border-bottom-color: #dddddd; border-bottom-style: solid; border-bottom-width: 1px; padding-top: 15px;">
</td>
</tr>
<tr>
<td style="padding-bottom: 5px;">
</td>
</tr>
<tr>
<td style="width: 100%;">
<table style="width: 100%;">
<tr>
<td style="color: #D62829; font-size: 16px; font-weight: bold; letter-spacing: 1.5px; padding: 10px 3px 0px; text-transform: uppercase;">
SPONSORED
</td>
</tr>
<tr id="bottom ad copy">
<td class="h2020 ignore-defaults" style="padding: 0px 3px;">
<h2 style="font-size: 20px; font-weight: 800; letter-spacing: 0px; line-height: 24px; margin: 20px 0 0px;">
<strong>
2X your sales success with this type of call
</strong>
</h2>
<p style="font-size: 15px; line-height: 140%; margin: 5px 0px 10px;">
Group sales calls.
</p>
<p style="font-size: 15px; line-height: 140%; margin: 5px 0px 10px;">
The data don’t lie: Group calls can
<strong>
up to
</strong>
<a style="-webkit-text-fill-color: #d62829; color: #d62829; text-decoration: none;">
<strong>
double your close rate
</strong>
</a>
<strong>
.
</strong>
</p>
<p style="font-size: 15px; line-height: 140%; margin: 5px 0px 10px;">
But be warned -- too many cooks in the kitchen can lead to serious chaos.
</p>
<p style="font-size: 15px; line-height: 140%; margin: 5px 0px 10px;">
<em>
(Don’t believe us? Try naming a new conference room with 14 people.)
</em>
</p>
<p style="font-size: 15px; line-height: 140%; margin: 5px 0px 10px;">
This checklist from Gong covers 7 of the most tried and true tactics for winning big on your group sales calls and keep the momentum going:
</p>
<p style="font-size: 15px; line-height: 140%; margin: 5px 0px 10px;">
<a style="-webkit-text-fill-color: #d62829; color: #d62829; text-decoration: none;">
Download “7 Tactics To Ace Group Sales Calls.”
</a>
</p>
<p style="font-size: 15px; line-height: 140%; margin: 5px 0px 10px;">
Use it to get more decision makers on the call *
<em>
and
</em>
* turn them into advocates for your brand:
</p>
</td>
</tr>
<tr>
<td align="center" style="padding: 10px 0px 15px; text-align: center;">
<a style="-webkit-text-fill-color: #ffffff; background: #D62829; border-radius: 15px; color: #ffffff; font-size: 16px; font-weight: bold; padding: 6px 20px; text-decoration: none;" target="_blank">
Download the 7 Tactics →
</a>
</td>
</tr>
</table>
</td>
</tr>
<tr>
<td style="border-bottom-color: #dddddd; border-bottom-style: solid; border-bottom-width: 1px; padding-top: 5px;">
</td>
</tr>
<tr>
<td style="padding-bottom: 5px;">
</td>
</tr>
<tr style="display: block; padding: 10px 2px 0px;">
<td style="width: 100%;">
<table style="width: 100%;">
<tr>
<td style="color: #D62829; font-size: 16px; font-weight: bold; letter-spacing: 1.5px; padding: 0px 0px 10px; text-transform: uppercase;">
The Power of Writing
</td>
</tr>
<tr>
<td style="padding: 0 0 6px;text-align: center">
<a style="color: #d62829; text-decoration: none;">
<img alt="Jim Carrey gif" src="https://inboxflows.com/_/image/https%253A%252F%252Fsailthru-media.s3.amazonaws.com%252Fcomposer%252Fimages%252Fsailthru-prod-6ks%252Fjim_carrey.gif/?inbox_flows_img_sig=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZzYWlsdGhydS1tZSJ9:1lBzUo:WTVSptr3feteUpQTBX-GnXxa9oM0WueFXwCKHvqHXRM" style="height: auto; max-width: 500px; width: 100%;" width="500"/>
</a>
</td>
</tr>
<tr>
<td>
<p style="color: #5f696c; font-family: Helvetica, sans-serif; font-size: 12px; font-style: italic; line-height: 20px; margin: 0px; padding: 8px 5px 10px;">
Jeff Bezos writing his annual shareholder letter (Source: Giphy)
</p>
</td>
</tr>
<tr>
<td>
<h2 style="font-size: 22px; font-weight: bold; line-height: 26px; margin: 10px 0px 5px;">
Amazon’s writing culture, explained
</h2>
</td>
</tr>
<tr>
<td class="h2020 ignore-defaults" style="padding: 5px 0px 0px;">
<p style="font-size: 15px; line-height: 140%; margin: 5px 0px 10px;">
Making fun of PowerPoint presentations is a popular pastime in corporate America (to be fair, they really do suck).
</p>
<p style="font-size: 15px; line-height: 140%; margin: 5px 0px 10px;">
Back in
<a style="-webkit-text-fill-color: #d62829; color: #d62829; text-decoration: none;">
2004
</a>
, Jeff Bezos actually did something about it: In lieu of crafting a PowerPoint, Amazon employees had to write a narrative-driven, 6-page memo before executive meetings.
</p>
<p style="font-size: 15px; line-height: 140%; margin: 5px 0px 10px;">
In their new
<a style="-webkit-text-fill-color: #d62829; color: #d62829; text-decoration: none;">
book
</a>
<em>
Working Backwards
</em>
, longtime Amazon execs Bill Carr and Colin Bryar explain the company’s writing culture, including why memos are better than PowerPoint:
</p>
<ul style="font-size: 16px; line-height: 20px; margin: 0; padding-bottom: 10px; padding-left: 12px;">
<li style="font-size: 15px; line-height: 140%; margin: 0 0 0 15px; padding: 0px;">
<strong>
Decision-making requires narrative:
</strong>
While PowerPoint is good for conveying data, decisions require persuading stakeholders. Memos are better at achieving this goal.
</li>
<li style="font-size: 15px; line-height: 140%; margin: 0 0 0 15px; padding: 0px;">
<strong>
Higher information density:
</strong>
People can read faster than people can talk. One author says a memo conveys 10x as much information as a PowerPoint presentation.
</li>
<li style="font-size: 15px; line-height: 140%; margin: 0 0 0 15px; padding: 0px;">
<strong>
Ideas > charisma:
</strong>
A charismatic PowerPoint presenter can sell a bad idea, while a poor presenter may be unable to sell a good idea. In a memo, the idea wins.
</li>
<li style="font-size: 15px; line-height: 140%; margin: 0 0 0 15px; padding: 0px;">
<strong>
Better analysis:
</strong>
PowerPoint’s hierarchical (and sequential) structure is not ideal to address complex issues. Narrative-driven memos can be multi-causal and provide a 360-degree view on a topic.
</li>
<li style="font-size: 15px; line-height: 140%; margin: 0 0 0 15px; padding: 0px;">
<strong>
Shared understanding:
</strong>
Whether or not one agrees with the memo, a focused reading of it puts everyone on the same page to begin discussions.
</li>
</ul>
<h4 style="font-size: 17px; height: 100%; letter-spacing: 0px; line-height: 22px; margin: 0px; padding-top: 8px;">
<strong>
It’s not just memos, either
</strong>
</h4>
<p style="font-size: 15px; line-height: 140%; margin: 5px 0px 10px;">
The book’s title comes from Amazon’s product development philosophy: Instead of creating a product and then finding customers, Amazon asks, “What does the customer need?” and
<strong>
works backwards
</strong>
toward a product.
</p>
<p style="font-size: 15px; line-height: 140%; margin: 5px 0px 10px;">
As part of the process, employees write a mock press release, which accomplishes a few things:
</p>
<ul style="font-size: 16px; line-height: 20px; margin: 0; padding-bottom: 10px; padding-left: 12px;">
<li style="font-size: 15px; line-height: 140%; margin: 0 0 0 15px; padding: 0px;">
<strong>
Forces big thinking
</strong>
: You don’t write press releases for incremental improvements.
</li>
<li style="font-size: 15px; line-height: 140%; margin: 0 0 0 15px; padding: 0px;">
<strong>
Creates an FAQ:
</strong>
This document answers all potential customer questions, and also uncovers potential hurdles and opportunities.
</li>
</ul>
<p style="font-size: 15px; line-height: 140%; margin: 5px 0px 10px;">
If you want a PowerPoint of this article, email us and we definitely
<em>
<strong>
won’t
</strong>
</em>
get back to you.
</p>
<p style="font-size: 15px; line-height: 140%; margin: 5px 0px 10px;">
<em>
(Check out the book’s authors on the a16z
</em>
<a style="-webkit-text-fill-color: #d62829; color: #d62829; text-decoration: none;">
<em>
podcast
</em>
</a>
<em>
for much more.)
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The Hustle Says
</td>
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<p style="font-size: 16px; line-height: 20px; margin: 0px; padding-bottom: 12px;">
</p>
<p style="font-size: 16px; line-height: 20px; margin: 0px; padding-bottom: 12px;">
<strong>
Get $50 when you trade crypto with eToro.
</strong>
Here’s the deal:
<a style="-webkit-text-fill-color: #d62829; color: #d62829; text-decoration: none;">
Sign up for an account here
</a>
, deposit money, make $1,000 worth of trades, and you’ll get $50 in your account. That’s what we call
<em>
easy money.
</em>
*
</p>
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<td>
<div class="statements" style="font-family: sans-serif; font-size: 15px; padding: 0px 2px;">
<p style="font-size: 16px; line-height: 20px; margin: 0px; padding-bottom: 12px;">
</p>
<p style="font-size: 16px; line-height: 20px; margin: 0px; padding-bottom: 12px;">
<strong>
Learn why two of the best investors in the world are bullish on this one stock.
</strong>
Tom and David Gardner -- cofounders of The Motley Fool -- think this stock will have investors chomping at the bit.
<a style="-webkit-text-fill-color: #d62829; color: #d62829; text-decoration: none;">
Get the full details from Stock Advisor.
</a>
*
</p>
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<td>
<div class="statements" style="font-family: sans-serif; font-size: 15px; padding: 0px 2px;">
<p style="font-size: 16px; line-height: 20px; margin: 0px; padding-bottom: 12px;">
</p>
<p style="font-size: 16px; line-height: 20px; margin: 0px; padding-bottom: 12px;">
<strong>
Face it. You 👏 need 👏 sleep 👏.
</strong>
Try out
<a style="-webkit-text-fill-color: #d62829; color: #d62829; text-decoration: none;">
Klova’s Sleep Zpatch
</a>
and get those ZZZs.
</p>
</div>
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<td>
<div class="statements" style="font-family: sans-serif; font-size: 15px; padding: 0px 2px;">
<p style="font-size: 16px; line-height: 20px; margin: 0px; padding-bottom: 12px;">
</p>
<p style="font-size: 16px; line-height: 20px; margin: 0px; padding-bottom: 12px;">
<strong>
Tesla just invested $1.5B into Bitcoin.
</strong>
What’s that mean for the rest of us?
<a style="-webkit-text-fill-color: #d62829; color: #d62829; text-decoration: none;">
In this webinar
</a>
, Guy Hirsch (eToro’s US Managing Director) will talk through why Bitcoin matters to the investing world and how it will impact our financial future.*
</p>
</div>
</td>
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<td>
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<p style="font-size: 16px; line-height: 20px; margin: 0px; padding-bottom: 12px;">
</p>
<p style="font-size: 16px; line-height: 20px; margin: 0px; padding-bottom: 12px;">
<strong>
Beam is dropping their first-ever non-CBD products, and they’re a doozy.
</strong>
The new elevate variety pack offers a no-sugar-added hydration and electrolyte base with a mix of probiotics, caffeine, and collagen.
<a style="-webkit-text-fill-color: #d62829; color: #d62829; text-decoration: none;">
Give your body a boost right here.
</a>
*
</p>
</div>
</td>
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<p style="font-family: arial, sans-serif; font-size: 12px; line-height: 120%; margin: 0px; padding: 0px 2px;">
*This is a sponsored post.
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<td style="padding-bottom: 5px;">
</td>
</tr>
<tr style="display: block; padding: 10px 2px 0px;">
<td style="width: 100%;">
<table style="width: 100%;">
<tr>
<td style="color: #D62829; font-size: 16px; font-weight: bold; letter-spacing: 1.5px; padding: 0px 0px 10px; text-transform: uppercase;">
Bubble of the day
</td>
</tr>
<tr>
<td align="center" style="padding: 0 0 6px; text-align: center;">
<img alt="old photo" src="https://inboxflows.com/_/image/https%253A%252F%252Fsailthru-media.s3.amazonaws.com%252Fcomposer%252Fimages%252Fsailthru-prod-6ks%252Fold_photo.png/?inbox_flows_img_sig=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZzYWlsdGhydS1tZSJ9:1lBzUo:WTVSptr3feteUpQTBX-GnXxa9oM0WueFXwCKHvqHXRM" style="height: auto; max-width: 487px; width: 100%;" width="487"/>
</td>
</tr>
<tr>
<td>
<p style="color: #5f696c; font-family: Helvetica, sans-serif; font-size: 12px; font-style: italic; line-height: 20px; margin: 0px; padding: 8px 5px 10px;">
When the bike is nice, but your outfit is way fresher (Source: Giphy)
</p>
</td>
</tr>
<tr>
<td class="h2020 ignore-defaults" style="padding: 5px 0px 0px;">
<p style="font-size: 15px; line-height: 140%; margin: 5px 0px 10px;">
Electric vehicles (EVs) are having a huge moment, with Tesla’s valuation nearing $1T and every automaker throwing its hat in the EV ring.
</p>
<p style="font-size: 15px; line-height: 140%; margin: 5px 0px 10px;">
If it turns out to be a bit of a bubble, it’s not the first time an emission-free vehicle has gone through a hype cycle.
</p>
<p style="font-size: 15px; line-height: 140%; margin: 5px 0px 10px;">
As
<a style="-webkit-text-fill-color: #d62829; color: #d62829; text-decoration: none;">
detailed
</a>
by academics William Quinn and John Turner in
<em>
Boom and Bust
</em>
, the
<strong>
bicycle industry went buckwild in the 1890s
</strong>
.
</p>
<p style="font-size: 15px; line-height: 140%; margin: 5px 0px 10px;">
In one year (1896), 671 new bicycle companies raised £27m on stock exchanges. That was equivalent to 1.6% of the British GDP (by comparison, the US SPAC boom -- which includes many EV companies -- raised 0.4% of the US GDP last year).
</p>
<p style="font-size: 15px; line-height: 140%; margin: 5px 0px 10px;">
The good times didn’t last, though: 50% of these companies flat-tired by the turn of the century.
</p>
</td>
</tr>
</table>
</td>
</tr>
<tr>
<td style="border-bottom-color: #dddddd; border-bottom-style: solid; border-bottom-width: 1px; padding-top: 15px;">
</td>
</tr>
<tr>
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</td>
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TRENDS
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<center>
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<h2 style="font-size: 20px; font-weight: 800; letter-spacing: 0px; line-height: 24px; margin: 20px 0 0px;">
<strong>
Billion dollar lessons from a “nation of unicorns”
</strong>
</h2>
<p style="font-size: 15px; line-height: 140%; margin: 5px 0px 10px;">
When President Emmanuel Macron came to power in 2017, the former investment banker vowed to make France “a nation of unicorns.”
</p>
<p style="font-size: 15px; line-height: 140%; margin: 5px 0px 10px;">
A little more than 3 years on, and funding for French tech startups has reached an all-time high of
<strong>
over $4.3B
</strong>
.
</p>
<p style="font-size: 15px; line-height: 140%; margin: 5px 0px 10px;">
France’s startup scene is
<em>
taking off.
</em>
</p>
<p style="font-size: 15px; line-height: 140%; margin: 5px 0px 10px;">
So, our analysts put together a comprehensive report on the subject. In it, we outline the lessons
<em>
any entrepreneur
</em>
can take from the billion-dollar startups redefining the French economy.
<br/>
<br/>
When you read the report, you’ll learn:
</p>
<ul style="font-size: 16px; line-height: 20px; margin: 0; padding-bottom: 10px; padding-left: 12px;">
<li style="font-size: 15px; line-height: 140%; margin: 0 0 0 15px; padding: 0px;">
Which industry has seen a
<strong>
2,297% increase
</strong>
in funding in just 2 years
</li>
<li style="font-size: 15px; line-height: 140%; margin: 0 0 0 15px; padding: 0px;">
The “super apps” that have swept Europe, and the opportunities still available to capitalize on
</li>
<li style="font-size: 15px; line-height: 140%; margin: 0 0 0 15px; padding: 0px;">
How one French company took advantage of post-COVID trends to raise
<strong>
$93.6M
</strong>
in funding
</li>
<li style="font-size: 15px; line-height: 140%; margin: 0 0 0 15px; padding: 0px;">
And so much more.
</li>
</ul>
<p style="font-size: 15px; line-height: 140%; margin: 5px 0px 10px;">
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<em>
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Want to see ‘em? Just refer 3 more friends to The Hustle and we’ll send you our curated set of interviews with founders from brands like Zola, AWAY, Vungle, Bonobos, and more.
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Here’s a message you can use to share with your friends:
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Today's email was brought to you by
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.
<br/>
Editing by: Zachary “So live” Crockett, Hugh Jass (Clothing Designer).
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