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Event and ticketing company Eventbrite filed for a $200m IPO.
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The Hustle
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Sponsored by
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<h2 style="font-size: 26px; font-weight: bold; line-height: 120%; margin-bottom: 16px; margin-top: 36px;">
<strong>
With a $200m IPO, Eventbrite hopes to stay on top in the competitive event industry
</strong>
</h2>
<p style="font-family: arial, sans-serif; font-size: 15px; line-height: 120%; margin: 0; padding-bottom: 12px;">
Event management and ticketing company Eventbrite announced its
<a style="color: #ed4d1f; text-decoration: none;">
$200m
</a>
IPO yesterday, after rumors of the company’s public offering have swirled for months.
</p>
<p style="font-family: arial, sans-serif; font-size: 15px; line-height: 120%; margin: 0; padding-bottom: 12px;">
The company’s IPO plans prove that the original event startup has still got it despite increased competition.
</p>
<h4 style="font-size: 18px; font-weight: bold; margin-bottom: 8px; margin-top: 16px;">
<strong>
When everyone comes to your event, plan a bigger event
</strong>
</h4>
<p style="font-family: arial, sans-serif; font-size: 15px; line-height: 120%; margin: 0; padding-bottom: 12px;">
When Eventbrite launched in 2006, it was the first company to offer enterprise-quality event assistance to small businesses.
</p>
<p style="font-family: arial, sans-serif; font-size: 15px; line-height: 120%; margin: 0; padding-bottom: 12px;">
But, after Eventbrite quickly dominated the small event software market (it has
<a style="color: #ed4d1f; text-decoration: none;">
61%
</a>
market share; no competitors have more than 6%), it set its sights on dominating the event industry from end to end.
</p>
<p style="font-family: arial, sans-serif; font-size: 15px; line-height: 120%; margin: 0; padding-bottom: 12px;">
To expand its event management offerings to include ticketing and promotion tools, Eventbrite has acquired
<a style="color: #ed4d1f; text-decoration: none;">
9
</a>
companies in the past 5 years (including Ticketfly, which EB
<a style="color: #ed4d1f; text-decoration: none;">
bought
</a>
from Pandora for $200m).
</p>
<h4 style="font-size: 18px; font-weight: bold; margin-bottom: 8px; margin-top: 16px;">
<strong>
But with great success comes great competition
</strong>
</h4>
<p style="font-family: arial, sans-serif; font-size: 15px; line-height: 120%; margin: 0; padding-bottom: 12px;">
As Eventbrite expanded beyond its original software offerings, it quickly attracted competition from a number of angles.
</p>
<p style="font-family: arial, sans-serif; font-size: 15px; line-height: 120%; margin: 0; padding-bottom: 12px;">
LiveNation, a promotion company that also owns Ticketmaster, is Eventbrite’s most similar competitor. But it also feels the heat from invite companies like Evite that are monetizing their platforms and as social networking sites like Facebook roll out more event-focused features.
</p>
<h4 style="font-size: 18px; font-weight: bold; margin-bottom: 8px; margin-top: 16px;">
<strong>
A ’Brite future for Eventbrite partners
</strong>
</h4>
<p style="font-family: arial, sans-serif; font-size: 15px; line-height: 120%; margin: 0; padding-bottom: 12px;">
By scaling its business globally and keeping its main product simple, Eventbrite has insulated itself from its competitors -- at least for now. But the company, which has raised
<a style="color: #ed4d1f; text-decoration: none;">
$332.3m
</a>
and is not yet profitable, still relies heavily on help from its friends to deliver its products.
</p>
<p style="font-family: arial, sans-serif; font-size: 15px; line-height: 120%; margin: 0; padding-bottom: 12px;">
Eventbrite runs payments through an exclusive contract with Square, stores data through a
<a style="color: #ed4d1f; text-decoration: none;">
$12.5m
</a>
Amazon AWS deal, and relies heavily on Facebook and Spotify for distribution -- meaning that a win for Eventbrite is a win for everyone at the party.
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A moat in the market
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</a>
</td>
<td align="center" style="display: inline-block; padding: 5px 0; text-align: center;">
<a style="color: #ed4d1f; padding: 0 8px; text-decoration: none; white-space: nowrap;">
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</a>
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</tr>
</tbody>
</table>
</td>
</tr>
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<tr>
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</td>
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<!-- END SHARE ME NOW BRIEF -->
<!-- START BRIEF -->
<tr id="news1">
<td>
<h2 style="font-size: 26px; font-weight: bold; line-height: 120%; margin-bottom: 16px; margin-top: 36px;">
<strong>
Meet the badminton star who is the 7th-highest-paid woman in sports
</strong>
</h2>
<p style="font-family: arial, sans-serif; font-size: 15px; line-height: 120%; margin: 0; padding-bottom: 12px;">
Badminton? More like
<em>
goodminton
</em>
.
</p>
<p style="font-family: arial, sans-serif; font-size: 15px; line-height: 120%; margin: 0; padding-bottom: 12px;">
Alright, now that we got that out of our system, according to
<a style="color: #ed4d1f; text-decoration: none;">
<em>
Forbes
</em>
</a>
, Indian badminton star, Pusarla Venkata Sindhu (better known as PV Sindhu), earned a total of $8.5m between June 2017 and June 2018.
</p>
<p style="font-family: arial, sans-serif; font-size: 15px; line-height: 120%; margin: 0; padding-bottom: 12px;">
That puts her ahead of Romania’s Simona Halep (the world’s top woman tennis player) who made $7.7m, making PV the
<a style="color: #ed4d1f; text-decoration: none;">
7th-highest-paid woman
</a>
in sports. And she’s only 23.
</p>
<h4 style="font-size: 18px; font-weight: bold; margin-bottom: 8px; margin-top: 16px;">
<strong>
How to make money in badminton: Part 1
</strong>
</h4>
<p style="font-family: arial, sans-serif; font-size: 15px; line-height: 120%; margin: 0; padding-bottom: 12px;">
Born in Hyderabad, Sindhu started playing badminton at age 6, but it wasn’t until the 2016 Rio Olympics that her life changed forever, becoming one of only 28 Indian athletes EVER to medal at the Olympics, and the first EVER to win silver.
</p>
<p style="font-family: arial, sans-serif; font-size: 15px; line-height: 120%; margin: 0; padding-bottom: 12px;">
That’s when the tickle cash started rolling in.
</p>
<p style="font-family: arial, sans-serif; font-size: 15px; line-height: 120%; margin: 0; padding-bottom: 12px;">
At first it was
<a style="color: #ed4d1f; text-decoration: none;">
prizes
</a>
: she received $1.7m from proud Indian state governments. She was also awarded land from the Andhra Pradesh and Telangana government and a luxury BMW car from the Hyderabad Badminton Association.
</p>
<h4 style="font-size: 18px; font-weight: bold; margin-bottom: 8px; margin-top: 16px;">
<strong>
Part 2: sponsorships
</strong>
</h4>
<p style="font-family: arial, sans-serif; font-size: 15px; line-height: 120%; margin: 0; padding-bottom: 12px;">
Sindhu earned close to $500k from her badminton winnings, but her real money comes from endorsements -- after medaling, companies flooded in to get her name on their brands including big labels like Gatorade, Bridgestone, Nokia and Panasonic.
</p>
<p style="font-family: arial, sans-serif; font-size: 15px; line-height: 120%; margin: 0; padding-bottom: 12px;">
According to her agent, she gets an endorsement fee of about $178k a day,
<a style="color: #ed4d1f; text-decoration: none;">
the second highest
</a>
in the country after India’s world-famous male cricket captain, Virat Kohli.
</p>
</td>
</tr>
<!-- START LINK -->
<tr>
<td id="link" style="border-bottom-color: #dddddd; border-bottom-style: solid; border-bottom-width: 1px; padding: 10px 0 40px;">
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»
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<a style="color: #000000; font-size: 12px; font-weight: bold; line-height: 21px; text-decoration: none;">
Money by shuttlecock
</a>
</td>
</tr>
</tbody>
</table>
</td>
</tr>
<!-- END LINK -->
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<!-- START BRIEF -->
<tr id="news1">
<td>
<h2 style="font-size: 26px; font-weight: bold; line-height: 120%; margin-bottom: 16px; margin-top: 36px;">
<strong>
Root Insurance raises $100m for a $1B valuation
</strong>
</h2>
<p style="font-family: arial, sans-serif; font-size: 15px; line-height: 120%; margin: 0; padding-bottom: 12px;">
Root Insurance, an Ohio-based auto insurance startup with a side of mobile data tech, has raised $100m in a Series D funding round that gives them a brand spanking new
<a style="color: #ed4d1f; text-decoration: none;">
$1B valuation
</a>
.
</p>
<p style="font-family: arial, sans-serif; font-size: 15px; line-height: 120%; margin: 0; padding-bottom: 12px;">
With the funding, the company plans to burn some rubber, expanding into all 50 states and hiring more employees.
</p>
<p style="font-family: arial, sans-serif; font-size: 15px; line-height: 120%; margin: 0; padding-bottom: 12px;">
Root’s workforce has grown from about 60 employees since March with plans, according to CEO Alex Timm, to
<a style="color: #ed4d1f; text-decoration: none;">
create more than 400 full-time jobs
</a>
by 2021.
</p>
<h4 style="font-size: 18px; font-weight: bold; margin-bottom: 8px; margin-top: 16px;">
<strong>
How is it different than Metromile?
</strong>
</h4>
<p style="font-family: arial, sans-serif; font-size: 15px; line-height: 120%; margin: 0; padding-bottom: 12px;">
Root and pay-per-mile car insurance startup
<a style="color: #ed4d1f; text-decoration: none;">
Metromile
</a>
are often considered competitors, but in fact, the two are polar opposites in terms of insur-tech world.
</p>
<p style="font-family: arial, sans-serif; font-size: 15px; line-height: 120%; margin: 0; padding-bottom: 12px;">
While Metromile caters to millennials in big cities who aren’t driving as often, the Midwestern company's model saves money for regular commuters who put normal-to-heavy mileage on their shaggin’ wagons.
</p>
<p style="font-family: arial, sans-serif; font-size: 15px; line-height: 120%; margin: 0; padding-bottom: 12px;">
The company establishes premium customers based on a 2-3 week app-based driving test, which gives lower quotes based on good driving behavior.
</p>
<h4 style="font-size: 18px; font-weight: bold; margin-bottom: 8px; margin-top: 16px;">
<strong>
Sounds a little invasive, but people may like the price
</strong>
</h4>
<p style="font-family: arial, sans-serif; font-size: 15px; line-height: 120%; margin: 0; padding-bottom: 12px;">
The company also uses AI algorithms to adjust risk and potentially provide more discounts on top of good driving.
</p>
<p style="font-family: arial, sans-serif; font-size: 15px; line-height: 120%; margin: 0; padding-bottom: 12px;">
According to
<em>
TechCrunch,
</em>
Root says its philosophy enables good drivers to cut what they pay with traditional insurance carriers by more than 50%.
</p>
<p style="font-family: arial, sans-serif; font-size: 15px; line-height: 120%; margin: 0; padding-bottom: 12px;">
<em>
Disclaimer: Root Insurance has advertised with The Hustle. This article is not a sponsored post.
</em>
</p>
</td>
</tr>
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»
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Yellow means ‘floor it’!
</a>
</td>
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</td>
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<!-- END LINK -->
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<!-- START BRIEF -->
<tr id="news1">
<td>
<h2 style="font-size: 26px; font-weight: bold; line-height: 120%; margin-bottom: 16px; margin-top: 36px;">
<strong>
He’s just not that Intuit anymore: CEO Brad Smith leaving after growing Intuit 588%
</strong>
</h2>
<p style="font-family: arial, sans-serif; font-size: 15px; line-height: 120%; margin: 0; padding-bottom: 12px;">
After 15 years at Intuit (and 11 as head honcho), CEO Brad Smith is packing his bags. Smith, 54,
<a style="color: #ed4d1f; text-decoration: none;">
wanted
</a>
to step down while he “still had gas in the tank.”
</p>
<p style="font-family: arial, sans-serif; font-size: 15px; line-height: 120%; margin: 0; padding-bottom: 12px;">
Unlike many CEOs that duck out amidst damaging scandals, Smith is leaving on a high note: Intuit’s stock value increased
<a style="color: #ed4d1f; text-decoration: none;">
588%
</a>
over his tenure, and revenue this quarter is up
<a style="color: #ed4d1f; text-decoration: none;">
17%
</a>
.
</p>
<h4 style="font-size: 18px; font-weight: bold; margin-bottom: 8px; margin-top: 16px;">
<strong>
The
</strong>
<em>
<strong>
right
</strong>
</em>
<strong>
way to leave a company
</strong>
</h4>
<p style="font-family: arial, sans-serif; font-size: 15px; line-height: 120%; margin: 0; padding-bottom: 12px;">
Recently, CEOs have been ousted for misbehavior ranging from
<a style="color: #ed4d1f; text-decoration: none;">
sexual harassment
</a>
to
<a style="color: #ed4d1f; text-decoration: none;">
fraud
</a>
, while others have taken the “scorched earth” approach to stepping down.
</p>
<p style="font-family: arial, sans-serif; font-size: 15px; line-height: 120%; margin: 0; padding-bottom: 12px;">
Earlier this week, Zoox’s ex-CEO
<a style="color: #ed4d1f; text-decoration: none;">
assailed his board
</a>
on Twitter for “optimizing for a little money in hand at the expense of profound progress for the Universe” (AKA, firing him).
</p>
<p style="font-family: arial, sans-serif; font-size: 15px; line-height: 120%; margin: 0; padding-bottom: 12px;">
But Smith’s bow-out shows excellent exec exit etiquette.
</p>
<p style="font-family: arial, sans-serif; font-size: 15px; line-height: 120%; margin: 0; padding-bottom: 12px;">
Smith has left his business in great shape: In over a decade as chief, he
<a style="color: #ed4d1f; text-decoration: none;">
doubled
</a>
Intuit’s revenue and customer base by transforming the business from a product purveyor to a platform provider.
</p>
<h4 style="font-size: 18px; font-weight: bold; margin-bottom: 8px; margin-top: 16px;">
<strong>
Leaving a good brand in good hands
</strong>
</h4>
<p style="font-family: arial, sans-serif; font-size: 15px; line-height: 120%; margin: 0; padding-bottom: 12px;">
Smith is handing over the reins to Sasan Goodarzi, Intuit’s current executive vice president, on Jan. 1 to make time for the transition.
</p>
<p style="font-family: arial, sans-serif; font-size: 15px; line-height: 120%; margin: 0; padding-bottom: 12px;">
Goodarzi, who has been with Intuit for 13 years, has turned the company’s largest unit into its fastest-growing unit. Smith
<a style="color: #ed4d1f; text-decoration: none;">
insists
</a>
that “Sasan is better prepared to be CEO than [he] was 11 years ago.”
</p>
<p style="font-family: arial, sans-serif; font-size: 15px; line-height: 120%; margin: 0; padding-bottom: 12px;">
But, that doesn’t mean everyone won’t miss Big Brad -- including investors, who somberly sent the company’s stock down
<a style="color: #ed4d1f; text-decoration: none;">
4%
</a>
yesterday in response to the news.
</p>
</td>
</tr>
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<span style="color: #ffffff; display: block; float: none; font-weight: bold; text-align: center;">
»
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<td style="border-color: #000; border-radius: 0 3px 3px 0; border-style: solid; border-width: 2px 2px 2px 0; padding: 0 8px; vertical-align: top;" valign="top">
<a style="color: #000000; font-size: 12px; font-weight: bold; line-height: 21px; text-decoration: none;">
Say “exec exit” 10 times fast
</a>
</td>
</tr>
</tbody>
</table>
</td>
</tr>
<!-- END LINK -->
<!-- END BRIEF -->
<!-- START NATIVE -->
<tr>
<td>
<table style="border-spacing: 0px;">
<tr>
<td align="center" bgcolor="#dedede" style="background: #dedede; color: #5c5c5c; font-family: 'Arial',sans-serif; font-size: 10px; font-weight: bold; letter-spacing: 1.5px; padding: 5px 0; text-align: center; width: 100px;">
SPONSORED
</td>
</tr>
</table>
</td>
</tr>
<tr id="sponsored">
<td>
<h2 style="font-size: 26px; font-weight: bold; line-height: 120%; margin-bottom: 16px; margin-top: 36px;">
<strong>
Zoho bootstrapped its way to 35m users, now it’s doubling down on offerings
</strong>
</h2>
<p style="font-family: arial, sans-serif; font-size: 15px; line-height: 120%; margin: 0; padding-bottom: 12px;">
Mega-successful bootstrapped companies are rare. Even rarer? A bootstrapped tech company that survived the dot-com bubble.
</p>
<p style="font-family: arial, sans-serif; font-size: 15px; line-height: 120%; margin: 0; padding-bottom: 12px;">
Launched in Chennai, India in ‘96,
<a style="color: #ed4d1f; text-decoration: none;">
Zoho
</a>
has taken over the world with Zoho One, the de facto operating system for business. Now, it’s back with a few new tricks.
</p>
<p style="font-family: arial, sans-serif; font-size: 15px; line-height: 120%; margin: 0; padding-bottom: 12px;">
What’s
<a style="color: #ed4d1f; text-decoration: none;">
Zoho One
</a>
?
</p>
<p style="font-family: arial, sans-serif; font-size: 15px; line-height: 120%; margin: 0; padding-bottom: 12px;">
Every business app you can think of, rolled in a user-friendly design, and bundled for $30 a month. Or, to get technical: It’s 40+ apps spanning everything from sales and marketing to finance, recruitment, and event management, for just a $1 per user a day.
</p>
<h4 style="font-size: 18px; font-weight: bold; margin-bottom: 8px; margin-top: 16px;">
<strong>
A little polish here, some integration there...
</strong>
</h4>
<p style="font-family: arial, sans-serif; font-size: 15px; line-height: 120%; margin: 0; padding-bottom: 12px;">
Mobile functionality and analytics shine in the latest update of
<a style="color: #ed4d1f; text-decoration: none;">
Zoho One
</a>
. Now, users can check in on projects, look up customers, and even update security permissions on the go.
</p>
<p style="font-family: arial, sans-serif; font-size: 15px; line-height: 120%; margin: 0; padding-bottom: 12px;">
Plus, Zoho’s analytics now sync across its 40+ apps, so you can see the ins-and-outs of your business at a glance from the Zoho One dashboard.
</p>
<p style="font-family: arial, sans-serif; font-size: 15px; line-height: 120%; margin: 0; padding-bottom: 12px;">
And finally, there’s
<a style="color: #ed4d1f; text-decoration: none;">
Backstage
</a>
: Zoho’s new event management platform. Handle ticket transactions, event promotions, and to-do’s all from one central location. Hear that? It’s your events coordinator, crying tears of joy.
</p>
<p style="font-family: arial, sans-serif; font-size: 15px; line-height: 120%; margin: 0; padding-bottom: 12px;">
Get those updates -- and a few dozen more powerful applications -- for $30 per user a month. Call it the Zoho One-and-done.
</p>
</td>
</tr>
<tr id="cta">
<td align="center" style="padding: 20px 0 40px; text-align: center; width: 100%;">
<a style="background: #ffffff; border: 2px solid #000000; border-radius: 3px; color: #000000; font-family: 'Courier New',courier,monospace; font-weight: bold; letter-spacing: -0.5px; padding: 10px 15px; text-decoration: none;">
The “make my life easier” button →
</a>
</td>
</tr>
<tr>
<td style="padding-bottom: 60px;">
</td>
</tr>
<!-- END NATIVE -->
<!-- START SHOWER THOUGHTS -->
<tr>
<td align="left" bgcolor="#000000" style="background: #000000; color: #ffffff; font-family: 'Courier',monospace; font-size: 16px; font-weight: bold; letter-spacing: 1px; padding: 8px 10px; text-align: left; width: 100%;">
shower thoughts
</td>
</tr>
<tr>
<td>
<a style="color: #ed4d1f; text-decoration: none;">
<img alt="Presented by..." src="https://inboxflows.com/_/image/https%253A%252F%252Fthdaily.s3-us-west-1.amazonaws.com%252Fshower_parachute_8.24_04_20180823142112.jpg/?inbox_flows_img_sig=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZ0aGRhaWx5LnMzLSJ9:1kXPCy:jSAsHTA8Q6TGd_O80gZ6TlV2ynXHEvp8NjYPEocLVmk" style="height: auto; width: 100%;"/>
</a>
</td>
</tr>
<tr id="shower">
<td bgcolor="#ffffff" style="padding-bottom: 50px; padding-top: 10px;" valign="top">
<ol style="font-size: 16px;">
<li style="line-height: 120%; padding: 4px 0;">
You will never look back on your life and think you pet your dog too much.
</li>
<li style="line-height: 120%; padding: 4px 0;">
Solar energy is just nuclear energy at a safe distance.
</li>
<li style="line-height: 120%; padding: 4px 0;">
Daenerys Targaryen can eat a hot pocket straight from the microwave.
</li>
<li style="line-height: 120%; padding: 4px 0;">
Being older than Google is going to be an insult kids use one day.
</li>
<li style="line-height: 120%; padding: 4px 0;">
You never really go through a door, only a door frame.
</li>
<li style="font-style: italic; line-height: 120%; list-style: none; padding: 4px 0;">
via
<a style="color: #ed4d1f; text-decoration: none;">
Reddit
</a>
</li>
</ol>
</td>
</tr>
<!-- END SHOWER THOUGHTS -->
<!-- START SONG -->
<tr>
<td style="padding-bottom: 20px;">
<table>
<tr>
<td rowspan="3" style="vertical-align: middle;" valign="middle">
<img alt="Now Playing" src="https://inboxflows.com/_/image/https%253A%252F%252Fs3-us-west-1.amazonaws.com%252Fthdaily%252Fmusic_bars.gif/?inbox_flows_img_sig=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZzMy11cy13ZXN0LSJ9:1kXPCy:qgjZJv6-q-ZPYrKgy7xnZ5KkPuDJoWDnrHt8_6ZFW2c" style="height: auto; width: 20px;" width="20"/>
</td>
<td rowspan="3" style="font-family: 'Courier New',courier,monospace; font-size: 14px; font-weight: bold; line-height: 120%; padding-left: 10px; padding-right: 10px; padding-top: 3px; vertical-align: middle; width: 64px;" valign="middle">
Now Playing:
</td>
</tr>
<tr>
<td>
<a style="color: #ed4d1f; text-decoration: none;">
<strong>
Wide Awake, Parquet Courts
</strong>
</a>
. There’s woke — and then there’s wide awake.
</td>
</tr>
</table>
</td>
</tr>
<!-- END SONG -->
<tr>
<td>
<table style="border-spacing: 0;">
<tr>
<td align="center" bgcolor="#000000" style="background: #000000; color: #ffffff; font-size: 32px; font-weight: bold; line-height: 100%; max-width: 100px; padding: 10px 10px 0px; text-align: center;">
0
</td>
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<a style="background: #ff5938; border-radius: 3px; color: #ffffff; font-size: 12px; padding: 12px 10px; text-decoration: none;">
SHARE THE HUSTLE
</a>
</td>
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REFERRALS
</td>
</tr>
<tr>
<td align="center" bgcolor="#ffffff" colspan="2" style="background: #ffffff; color: #000000; padding-bottom: 5px; padding-top: 10px; text-align: center; width: 100%;">
<a style="color: #000000; font-family: 'Courier New',courier,monospace; font-size: 16px; font-weight: bold; line-height: 120%; text-decoration: none;">
//ambassadors.thehustle.co/?ref=950fce10a7
</a>
</td>
</tr>
<tr>
<td align="center" bgcolor="#ffffff" colspan="2" style="background: #ffffff; border-bottom-color: #000000; border-bottom-style: solid; border-bottom-width: 3px; color: #000000; padding-bottom: 10px; text-align: center; width: 100%;">
<span style="font-family: 'Arial',sans-serif; font-size: 8px; font-weight: normal; letter-spacing: 1px; line-height: 100%;">
YOUR UNIQUE URL
</span>
</td>
</tr>
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</td>
</tr>
<tr id="credits">
<td>
<table style="width: 100%;">
<tbody>
<tr>
<td colspan="2" style="padding-top: 20px;">
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Zack Crockett
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Wes Schlagenhauf
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Conor Grant
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Kolby Hatch
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Lindsey “Lowest-paid female croquet champion” Quinn
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6 years, 11 months ago - news@thehustle.co
By the tears of Ticketmaster...
Event and ticketing company Eventbrite filed for a $200m IPO. The Hustle Sponsored by With a $200...