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TOGETHER WITH
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<p style="margin-left: 24px;">
<strong>
Welcome to the weird, weird week of CES
</strong>
(the good ol’ Consumer Electronics Show). We’re looking forward to seeing some innovations that will impact the tech industry for years -- and some of the weird gadgets that we’ll all forget about in a few days. But first:
</p>
<ul style="font-family: Helvetica, sans-serif; font-size: 16px; line-height: 20px; margin: 0 0 0 30px; padding-bottom: 14px; padding-left: 12px;">
<li style="font-size: 16px; line-height: 20px; padding: 4px 0;">
Connected clothes are the fashion of the hour
</li>
<li style="font-size: 16px; line-height: 20px; padding: 4px 0;">
Alexa is now available in the shower
</li>
<li style="font-size: 16px; line-height: 20px; padding: 4px 0;">
Depending on your metric, the economy is sweet or sour
</li>
</ul>
<p style="margin-left: 24px;">
<strong>
Fun fact:
</strong>
Two of this year’s hottest jobs don’t require a college degree. Bet you can’t guess what they are (find the answer in our story on the economy, below).
</p>
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<h2 style="font-size: 22px; font-weight: 800; letter-spacing: 0px; line-height: 26px; margin: 36px 5px 16px 22px;">
<strong>
Can connected clothes make people more productive workers?
</strong>
</h2>
<p style="margin-left: 24px;">
Entrepreneurs seem to think so.
</p>
<p style="margin-left: 24px;">
As the
<em>
Wall Street Journal
</em>
reports, a number of companies -- ranging from specialized startups to massive tech giants -- have launched
<a style="-webkit-text-fill-color: #ff5a41; color: #ff5a41; text-decoration: none;">
connected clothing
</a>
options for professionals in the past few years.
</p>
<h4 style="border-left-color: #ff5a41; border-left-style: solid; border-left-width: 6px; display: block; font-size: 18px; height: 100%; letter-spacing: 0px; line-height: 22px; margin: 0px; padding-left: 15px;">
<strong>
Noteworthy examples include:
</strong>
</h4>
<ul style="font-family: Helvetica, sans-serif; font-size: 16px; line-height: 20px; margin: 0 0 0 30px; padding-bottom: 14px; padding-left: 12px;">
<li style="font-size: 16px; line-height: 20px; padding: 4px 0;">
<strong>
Google
</strong>
, which launched a connected clothing company called Project Jacquard in 2017 and has since partnered with retailers like Levi Strauss & Co. to create
<a style="color: #ff5a41; text-decoration: none;">
jackets that can answer phone calls
</a>
(AKA close enterprise deals while attending a James Dean convention)
</li>
<li style="font-size: 16px; line-height: 20px; padding: 4px 0;">
<strong>
Samsung
</strong>
, which made
<a style="color: #ff5a41; text-decoration: none;">
business suits that can digitally swap business cards
</a>
(AKA wear their LinkedIn profiles on their sleeves)
</li>
<li style="font-size: 16px; line-height: 20px; padding: 4px 0;">
<strong>
Sensoree
</strong>
, a startup that makes
<a style="color: #ff5a41; text-decoration: none;">
“mood sensing” sweaters
</a>
that can improve communication at work (AKA tell coworkers when to leave each other the f*ck alone)
</li>
<li style="font-size: 16px; line-height: 20px; padding: 4px 0;">
<strong>
Ministry of Supply
</strong>
, a startup that creates
<a style="color: #ff5a41; text-decoration: none;">
temperature-regulating sweaters
</a>
that can help employees stay comfortable at the office (AKA avoid leaving passive aggressive notes on the thermostat)
</li>
<li style="font-size: 16px; line-height: 20px; padding: 4px 0;">
<strong>
Ekso Bionics
</strong>
, a bionics startup that creates
<a style="color: #ff5a41; text-decoration: none;">
exoskeleton supersuits that help employees lift more weight
</a>
(AKA Ironman Lite)
</li>
</ul>
<h4 style="border-left-color: #ff5a41; border-left-style: solid; border-left-width: 6px; display: block; font-size: 18px; height: 100%; letter-spacing: 0px; line-height: 22px; margin: 0px; padding-left: 15px;">
<strong>
Some employees are skeptical
</strong>
</h4>
<p style="margin-left: 24px;">
In some cases, connected clothes have caused more problems than they’ve solved...
</p>
<ul style="font-family: Helvetica, sans-serif; font-size: 16px; line-height: 20px; margin: 0 0 0 30px; padding-bottom: 14px; padding-left: 12px;">
<li style="font-size: 16px; line-height: 20px; padding: 4px 0;">
In 2018, Delta Airlines issued its employees new, high-tech uniforms designed to resist wrinkles, water stains, and static. But then 500 Delta employees developed sicknesses. Now, they’ve filed a
<a style="color: #ff5a41; text-decoration: none;">
class action lawsuit
</a>
against the company that made the clothes.
</li>
</ul>
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<strong>
Connected clothes makers must stitch wisely
</strong>
</h4>
<p style="margin-left: 24px;">
Since connected clothes can provide benefits to employers, demand for them seems unlikely to unravel.
</p>
<p style="margin-left: 24px;">
But for connected clothes companies to succeed, they’ll need to make sure that they provide real benefits to workers -- without giving them gnarly red rashes.
</p>
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<h2 style="font-size: 22px; font-weight: 800; letter-spacing: 0px; line-height: 26px; margin: 36px 5px 16px 22px;">
<strong>
Smart devices are hitting the showers
</strong>
</h2>
<p style="margin-left: 24px;">
First it was smart doorbells and smart thermostats. Then it was
<a style="-webkit-text-fill-color: #ff5a41; color: #ff5a41; text-decoration: none;">
smart coffee mugs
</a>
,
<a style="-webkit-text-fill-color: #ff5a41; color: #ff5a41; text-decoration: none;">
smart toasters
</a>
, and
<a style="-webkit-text-fill-color: #ff5a41; color: #ff5a41; text-decoration: none;">
smart toilets
</a>
.
</p>
<p style="margin-left: 24px;">
But the process of smartification didn’t end there. Now, the latest dumb object to get smart is… the humble showerhead.
</p>
<h4 style="border-left-color: #ff5a41; border-left-style: solid; border-left-width: 6px; display: block; font-size: 18px; height: 100%; letter-spacing: 0px; line-height: 22px; margin: 0px; padding-left: 15px;">
<strong>
That’s right, now you can shower with Alexa
</strong>
</h4>
<p style="margin-left: 24px;">
The plumbing company Kohler partnered with Amazon to
<a style="-webkit-text-fill-color: #ff5a41; color: #ff5a41; text-decoration: none;">
add Alexa to a showerhead
</a>
.
</p>
<p style="margin-left: 24px;">
The smart showerhead, which is called Moxie, allows owners to listen to music, hear the news, or even order a new bottle of conditioner -- all while lathering up.
</p>
<h4 style="border-left-color: #ff5a41; border-left-style: solid; border-left-width: 6px; display: block; font-size: 18px; height: 100%; letter-spacing: 0px; line-height: 22px; margin: 0px; padding-left: 15px;">
<strong>
But not everyone’s ready to jump in…
</strong>
</h4>
<p style="margin-left: 24px;">
Because the idea of smart showers raises questions about when -- and where -- we really want and need personal assistants like Alexa.
</p>
<p style="margin-left: 24px;">
Some critics
<a style="-webkit-text-fill-color: #ff5a41; color: #ff5a41; text-decoration: none;">
argue
</a>
that the monetization of consumers’ every move may not actually be in their best interest.
</p>
<p style="margin-left: 24px;">
As privacy problems persist for Amazon and other manufacturers of smart objects, some consumers may choose not to invite Alexa and her friends into their most private places.
</p>
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<h2 style="font-size: 22px; font-weight: 800; letter-spacing: 0px; line-height: 26px; margin: 36px 5px 16px 22px;">
<strong>
Here’s what The Hustle plans on learning in 2020
</strong>
</h2>
<p style="margin-left: 24px;">
<a style="-webkit-text-fill-color: #ff5a41; color: #ff5a41; text-decoration: none;">
“Make Creativity Your Career: Six Exercises to Create a Successful Side Project”
</a>
-- Bobby “Bumble is my side hustle” Durben,
<em>
Copywriter
</em>
</p>
<p style="margin-left: 24px;">
<a style="-webkit-text-fill-color: #ff5a41; color: #ff5a41; text-decoration: none;">
“Modern Money Habits: 5 Steps to Build the Life You Want”
</a>
-- Austin “I will NOT spend my entire bonus on Whataburger” Winter,
<em>
Sales Exec
</em>
</p>
<p style="margin-left: 24px;">
<a style="-webkit-text-fill-color: #ff5a41; color: #ff5a41; text-decoration: none;">
“Real Productivity: How to Build Habits That Last”
</a>
-- Becca “Goes to the gym once” Sherman,
<em>
General Manager
</em>
</p>
<p style="margin-left: 24px;">
Where are we picking up these much-needed skills? On Skillshare, the online learning community that lets you explore your inner creativity.
</p>
<p style="margin-left: 24px;">
<em>
(But be careful… what you find might surprise you.)
</em>
</p>
<p style="margin-left: 24px;">
<strong>
Get 2 free months
</strong>
of Skillshare Premium when you use the link below:
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Stackin’ skills →
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<h2 style="font-size: 22px; font-weight: 800; letter-spacing: 0px; line-height: 26px; margin: 36px 5px 16px 22px;">
<strong>
Employment was high last year. So were layoffs. Huh?
</strong>
</h2>
<p style="margin-left: 24px;">
At the start of this month, the
<em>
Wall Street Journal
</em>
<a style="-webkit-text-fill-color: #ff5a41; color: #ff5a41; text-decoration: none;">
reported
</a>
that 62k US workers lost their jobs due to bankruptcies in the previous year -- the most bankruptcy-related layoffs in a year since 2005.
</p>
<h4 style="border-left-color: #ff5a41; border-left-style: solid; border-left-width: 6px; display: block; font-size: 18px; height: 100%; letter-spacing: 0px; line-height: 22px; margin: 0px; padding-left: 15px;">
<strong>
But on the other hand...
</strong>
</h4>
<p style="margin-left: 24px;">
Unemployment ALSO hit a
<a style="-webkit-text-fill-color: #ff5a41; color: #ff5a41; text-decoration: none;">
50-year low
</a>
in November when the economy added 266k jobs.
</p>
<p style="margin-left: 24px;">
So, how can unemployment hit a half-century low while layoffs also hit a decade-plus high?
</p>
<h4 style="border-left-color: #ff5a41; border-left-style: solid; border-left-width: 6px; display: block; font-size: 18px; height: 100%; letter-spacing: 0px; line-height: 22px; margin: 0px; padding-left: 15px;">
<strong>
It’s a tale of 2 economies
</strong>
</h4>
<p style="margin-left: 24px;">
This apparent contradiction stems from
<a style="-webkit-text-fill-color: #ff5a41; color: #ff5a41; text-decoration: none;">
uneven economic growth
</a>
. First, economic gains in the economy differed widely by industry:
</p>
<ul style="font-family: Helvetica, sans-serif; font-size: 16px; line-height: 20px; margin: 0 0 0 30px; padding-bottom: 14px; padding-left: 12px;">
<li style="font-size: 16px; line-height: 20px; padding: 4px 0;">
Healthcare, hospitality, and professional industries made up the majority of the job gains;
</li>
<li style="font-size: 16px; line-height: 20px; padding: 4px 0;">
Mining, retail, and utilities all suffered big losses.
</li>
</ul>
<p style="margin-left: 24px;">
But they also differed widely by geography:
</p>
<ul style="font-family: Helvetica, sans-serif; font-size: 16px; line-height: 20px; margin: 0 0 0 30px; padding-bottom: 14px; padding-left: 12px;">
<li style="font-size: 16px; line-height: 20px; padding: 4px 0;">
“Silicon” states like Washington, California, Massachusetts, and Utah all
<a style="color: #ff5a41; text-decoration: none;">
flourished
</a>
</li>
<li style="font-size: 16px; line-height: 20px; padding: 4px 0;">
But 9 state economies are expected to
<a style="color: #ff5a41; text-decoration: none;">
shrink
</a>
</li>
</ul>
<h4 style="border-left-color: #ff5a41; border-left-style: solid; border-left-width: 6px; display: block; font-size: 18px; height: 100%; letter-spacing: 0px; line-height: 22px; margin: 0px; padding-left: 15px;">
<strong>
So what fields have the brightest future?
</strong>
</h4>
<p style="margin-left: 24px;">
If you were downsized last year, you should look to
<strong>
cybersecurity
</strong>
, where there will be an estimated 3.5m job openings by 2021. Other jobs that are in
<a style="-webkit-text-fill-color: #ff5a41; color: #ff5a41; text-decoration: none;">
high demand
</a>
:
</p>
<ul style="font-family: Helvetica, sans-serif; font-size: 16px; line-height: 20px; margin: 0 0 0 30px; padding-bottom: 14px; padding-left: 12px;">
<li style="font-size: 16px; line-height: 20px; padding: 4px 0;">
Blockchain developer
</li>
<li style="font-size: 16px; line-height: 20px; padding: 4px 0;">
Physical therapist
</li>
<li style="font-size: 16px; line-height: 20px; padding: 4px 0;">
Digital/video marketer
</li>
<li style="font-size: 16px; line-height: 20px; padding: 4px 0;">
Commercial drone pilot*
</li>
<li style="font-size: 16px; line-height: 20px; padding: 4px 0;">
Security, fire, and service technicians*
</li>
</ul>
<p style="margin-left: 24px;">
* No college degree required
</p>
</td>
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<h2 style="font-size: 22px; font-weight: 800; letter-spacing: 0px; line-height: 26px; margin: 36px 5px 16px 22px;">
<strong>
Small business of the week: Hydrant is making Pedialyte that actually tastes good
</strong>
</h2>
<p style="margin-left: 24px;">
In 2017, John Sherwin saw a gap in the hydration market. On one end was Gatorade, drowning in sugar. On the other end was Pedialyte, a gnarly tasting dehydration solution marketed toward children. Leaning on his biology degree, Sherwin created
<a style="-webkit-text-fill-color: #ff5a41; color: #ff5a41; text-decoration: none;">
Hydrant
</a>
.
</p>
<p style="margin-left: 24px;">
He started with an Indiegogo campaign that raised $17.5k. Then he met his cofounder Jai Jung Kim, who pulled the plug on Wharton (yes, that Wharton) and reallocated his tuition money to the startup.
</p>
<p style="margin-left: 24px;">
Since then, they’ve completed a seed round with the
<strong>
Philadelphia 76ers Innovation Lab
</strong>
and grown to $3m in annual recurring revenue, working with a food scientist, nutrition and medical advisors, and Oxford researchers.
</p>
<p style="margin-left: 24px;">
Their product line has also expanded to Hydrant+ -- the same hydration, plus 100mg of caffeine and 200mg of L-theanine.
</p>
<p style="margin-left: 24px;">
Now, Hydrant is looking to make its mark in retail, finding shelf space in Whole Foods stores in the Northeast.
</p>
<ul style="font-family: Helvetica, sans-serif; font-size: 16px; line-height: 20px; margin: 0 0 0 30px; padding-bottom: 14px; padding-left: 12px;">
<li style="font-size: 16px; line-height: 20px; padding: 4px 0;">
Founders: John Sherwin and Jai Jung Kim
</li>
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Employees: 6
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Years in business: 2
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Cost to launch: $67.5k
</li>
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Funding methods: Personal savings, friends/family contributions, VC, crowdfunding, loans
</li>
<li style="font-size: 16px; line-height: 20px; padding: 4px 0;">
1st-year revenue: $40k
</li>
<li style="font-size: 16px; line-height: 20px; padding: 4px 0;">
Current annual revenue: $3m
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😟
<strong>
Cranky young people have replaced cranky old people
</strong>
. Young people (<35) have generally been more optimistic than old people (>55) since the ’80s. But due to soaring student debt and climbing home prices, young people have been
<a style="-webkit-text-fill-color: #ff5a41; color: #ff5a41; text-decoration: none;">
less confident
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than their elders for months.
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🤖
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Wall-E’s dystopian dream is coming true
</strong>
. Thanks to Segway, the
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dystopian transport pods
</a>
from “Wall-E” are basically real now. Segway has created personal transporter pods, which it calls S-Pods, that shuttle riders around in lounge-style chairs at speeds of 7.5 mph. The strange-looking transporters will make their debut at CES this week.
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🛒
<strong>
Snapchat loves shopping in Ukraine
</strong>
. Snapchat acquired AI Factory, the company responsible for developing Snapchat’s recently released video selfie feature, for a reported
<a style="-webkit-text-fill-color: #ff5a41; color: #ff5a41; text-decoration: none;">
$166m
</a>
. S’Chat pulled a similar move when it acquired the startup Looksery in 2015 for a reported
<a style="-webkit-text-fill-color: #ff5a41; color: #ff5a41; text-decoration: none;">
$150m
</a>
-- and both companies have large offices in Ukraine.
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🛵
<strong>
Moped startups are off to the races
</strong>
. The Brooklyn-based moped startup Revel is
<a style="-webkit-text-fill-color: #ff5a41; color: #ff5a41; text-decoration: none;">
expanding
</a>
to the West Coast (Oakland, CA) in the coming weeks. The San Francisco–based moped startup Scoot was acquired by the scooter giant Bird last June.
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Steph Smith
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SENIOR ANALYST
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Bobby Durben
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AD WRITER
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Meg Furey-Marquess
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Brad "Call my other shirt" Wolverton
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HEAD OF CONTENT
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Dick Shun
<br/>
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VP of Sounding Smart
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4 years, 10 months ago - news@thehustle.co
Did you remember to charge your shirt?
TOGETHER WITH Welcome to the weird, weird week of CES (the good ol’ Consumer Electronics Show). W...