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          <span class="preheader" style="color: transparent; display: none; height: 0; max-height: 0; max-width: 0; opacity: 0; overflow: hidden; mso-hide: all; visibility: hidden; width: 0;">
           PLUS: VR meditation is here..
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                  June 29, 2021
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                  <a target="_blank">
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                        <p style="font-size: 16px; line-height: 20px; padding-bottom: 10px; margin: 0px;">
                         The average national gas price is now $3.10 per gallon -- the highest since 2014. Worse yet, a shortage of tank truck drivers is making it hard for gas stations to meet demand.
                        </p>
                        <p style="font-size: 16px; line-height: 20px; padding-bottom: 10px; margin: 0px;">
                         If you’re hitting the road for the 4th, you may want to pack a couple extra bucks.
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                    <td style="color: #D62829; font-size: 16px; font-weight: bold; letter-spacing: 1.5px; text-transform: uppercase; padding: 0px 0px 10px;">
                     The big idea
                    </td>
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                      <img alt="doctors" src="https://inboxflows.com/_/image/https%253A%252F%252Fmedia.sailthru.com%252Fcomposer%252Fimages%252Fsailthru-prod-6ks%252Fdoctors.gif/?inbox_flows_img_sig=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZtZWRpYS5zYWlsdCJ9:1lyBxr:pQ8nUj8BWDViq8XA67XtWy1KqFEBEkrVNzmyJvrA7Y4" style="height: auto; width: 100%; max-width: 600px;" width="600"/>
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                     <h2 style="font-size: 22px; line-height: 26px; font-weight: bold; margin: 10px 0px 5px;">
                      The ‘LinkedIn for Doctors’ just went public and it’s worth $10B
                     </h2>
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                     <p style="font-size: 15px; line-height: 140%; margin: 5px 0px 10px;">
                      The tech industry loves throwing around the phrase “Uber for X” as a quick way to explain on-demand startup ideas.
                     </p>
                     <p style="font-size: 15px; line-height: 140%; margin: 5px 0px 10px;">
                      Turns out “LinkedIn for X” may have been a better frame. Doximity -- a “LinkedIn for doctors” -- went public last Thursday…
                     </p>
                     <p style="font-size: 15px; line-height: 140%; margin: 5px 0px 10px;">
                      … and in 2 trading days, the company saw its market value ~2x to
                      <a style="color: #d62829; text-decoration: none; -webkit-text-fill-color: #d62829;">
                       ~$10B
                      </a>
                      .
                     </p>
                     <h4 style="font-size: 17px; height: 100%; letter-spacing: 0px; line-height: 22px; padding-top: 8px; margin: 0px;">
                      <strong>
                       Doximity was founded in 2009
                      </strong>
                     </h4>
                     <p style="font-size: 15px; line-height: 140%; margin: 5px 0px 10px;">
                      The initial team included 2 tech veterans (Jeff Tangney, Shari Buck) and a doctor (Nate Gross).
                     </p>
                     <p style="font-size: 15px; line-height: 140%; margin: 5px 0px 10px;">
                      Doximity set out with the goal of fixing the medical community’s antiquated communication methods. Tangney, who is CEO, tells
                      <em>
                       CNBC
                      </em>
                      that
                      <strong>
                       80%
                      </strong>
                      of communication is done via snail mail and fax.
                     </p>
                     <h4 style="font-size: 17px; height: 100%; letter-spacing: 0px; line-height: 22px; padding-top: 8px; margin: 0px;">
                      <strong>
                       The solution: build a medical social network
                      </strong>
                     </h4>
                     <p style="font-size: 15px; line-height: 140%; margin: 5px 0px 10px;">
                      In the decade since launch, Doximity has
                      <strong>
                       1.8m
                      </strong>
                      medical professionals in the US (including 80%+ of physicians) on its platform.
                     </p>
                     <p style="font-size: 15px; line-height: 140%; margin: 5px 0px 10px;">
                      While building out the user base, the startup also created a secure way for doctors to share information with patients and other doctors.
                     </p>
                     <p style="font-size: 15px; line-height: 140%; margin: 5px 0px 10px;">
                      Like LinkedIn, Doximity has a 2-pronged revenue approach:
                     </p>
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                      <li style="font-size: 15px; line-height: 140%; margin: 0 0 0 15px; padding: 0px;">
                       <strong>
                        Ads:
                       </strong>
                       Drugmakers market treatments to very niche audiences, while health systems “promote content” to doctors.
                      </li>
                      <li style="font-size: 15px; line-height: 140%; margin: 0 0 0 15px; padding: 0px;">
                       <strong>
                        Recruiting:
                       </strong>
                       Hospitals and health facilities use it to fill open roles.
                      </li>
                     </ul>
                     <h4 style="font-size: 17px; height: 100%; letter-spacing: 0px; line-height: 22px; padding-top: 8px; margin: 0px;">
                      <strong>
                       Doximity’s sales hit $200m+ in 2020
                      </strong>
                     </h4>
                     <p style="font-size: 15px; line-height: 140%; margin: 5px 0px 10px;">
                      Future revenue growth could be capped by the fact that Doximity
                      <em>
                       already
                      </em>
                      has most of America’s doctors on the platform.
                     </p>
                     <p style="font-size: 15px; line-height: 140%; margin: 5px 0px 10px;">
                      Tangney says opportunities still exist to upsell services, and the health tech firm is making a play for the
                      <strong>
                       $4.3B
                      </strong>
                      telehealth opportunity.
                     </p>
                     <p style="font-size: 15px; line-height: 140%; margin: 5px 0px 10px;">
                      One thing is for sure: Doximity knows its audience. It allocated 15% of its IPO to doctors on the platform. Thousands participated and saw a combined $91m investment increase to $195m after the stock pop.
                     </p>
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                     SNIPPETS
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                     <p style="font-size: 15px; line-height: 160%; margin: 0 0 0 3px; padding: 5px 0px 10px;">
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                       Tesla is recalling 285k vehicles in China.
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                      The move is over
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                       autopilot safety
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                      concerns, which Tesla says a software update can fix.
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                       Venmo -- the PayPal-owned payment app
                      </strong>
                      <strong>
                       --
                      </strong>
                      will let individual accounts sell products and services (for a
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                       fee
                      </a>
                      ). Previously, only business accounts could do… err… business.
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                      <strong>
                       Language learning app Duolingo
                      </strong>
                      filed to go public. The learning platform offers 38 languages and saw revenue in 2020 hit
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                       ~$162m
                      </a>
                      (up 129% YoY).
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                       Zuck caches a break.
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                      A federal judge says prosecutors failed to prove that Facebook has a monopoly in
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                       social networking
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                      as it relates to the company’s acquisitions of Instagram and WhatsApp.
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                     Remote Rules
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                      A law in Colorado is costing residents remote work opportunities
                     </h2>
                    </td>
                   </tr>
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                      Colorado’s
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                       Equal Pay for Equal Work Act
                      </a>
                      -- a set of laws aimed at ending wage discrimination, especially for women and minorities --  went into effect earlier this year.
                     </p>
                     <p style="font-size: 15px; line-height: 140%; margin: 5px 0px 10px;">
                      But instead of adhering to the legislation, some companies have decided to
                      <a style="color: #d62829; text-decoration: none; -webkit-text-fill-color: #d62829;">
                       exclude
                      </a>
                      Colorado-based remote employees in job listings.
                     </p>
                     <h4 style="font-size: 17px; height: 100%; letter-spacing: 0px; line-height: 22px; padding-top: 8px; margin: 0px;">
                      <strong>
                       Why?
                      </strong>
                     </h4>
                     <p style="font-size: 15px; line-height: 140%; margin: 5px 0px 10px;">
                      The act specifies that employers hiring in Colorado must include an
                      <strong>
                       expected salary range and benefits
                      </strong>
                      in job posts. Some
                      <a style="color: #d62829; text-decoration: none; -webkit-text-fill-color: #d62829;">
                       reports
                      </a>
                      claim that companies don’t want to reveal their cards.
                     </p>
                     <p style="font-size: 15px; line-height: 140%; margin: 5px 0px 10px;">
                      But according to the fine print, employers:
                     </p>
                     <ul style="font-size: 16px; line-height: 20px; padding-bottom: 10px; padding-left: 12px; margin: 0;">
                      <li style="font-size: 15px; line-height: 140%; margin: 0 0 0 15px; padding: 0px;">
                       <strong>
                        Don’t need to end up paying inside that range
                       </strong>
                       , as long as they genuinely feel the range listed was their true expected budget.
                      </li>
                      <li style="font-size: 15px; line-height: 140%; margin: 0 0 0 15px; padding: 0px;">
                       <strong>
                        Can still pay different wages for similar work
                       </strong>
                       , if they can prove it’s based on seniority, merit, productivity, or training/education.
                      </li>
                      <li style="font-size: 15px; line-height: 140%; margin: 0 0 0 15px; padding: 0px;">
                       <strong>
                        Can’t force a prospective employee
                       </strong>
                       to disclose their past wages
                       <strong>
                        .
                       </strong>
                      </li>
                     </ul>
                     <h4 style="font-size: 17px; height: 100%; letter-spacing: 0px; line-height: 22px; padding-top: 8px; margin: 0px;">
                      <strong>
                       While this may not merit a statewide hiring blackout…
                      </strong>
                     </h4>
                     <p style="font-size: 15px; line-height: 140%; margin: 5px 0px 10px;">
                      … there’s a 2nd part to the law. It focuses on corporate advancement and requires any company with a
                      <em>
                       single
                      </em>
                      Colorado employee to:
                     </p>
                     <ul style="font-size: 16px; line-height: 20px; padding-bottom: 10px; padding-left: 12px; margin: 0;">
                      <li style="font-size: 15px; line-height: 140%; margin: 0 0 0 15px; padding: 0px;">
                       <strong>
                        Alert all employees of all opportunities
                       </strong>
                       for promotion or employment on the same calendar day, or risk facing litigation.
                      </li>
                      <li style="font-size: 15px; line-height: 140%; margin: 0 0 0 15px; padding: 0px;">
                       <strong>
                        Pay a fine of $500-$10k
                       </strong>
                       for each opportunity or job posting they fail to share properly.
                      </li>
                     </ul>
                     <p style="font-size: 15px; line-height: 140%; margin: 5px 0px 10px;">
                      Even if these rules are a good idea, they demand new systems and processes for any business hiring in Colorado. Many are balking, so it’s looking like a “
                      <a style="color: #d62829; text-decoration: none; -webkit-text-fill-color: #d62829;">
                       cobra effect
                      </a>
                      ” law: when a well-intentioned rule backfires.
                     </p>
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                <tr>
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                <tr style="display: block; padding: 10px 2px 0px;">
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                    <td style="color: #D62829; font-size: 16px; font-weight: bold; letter-spacing: 1.5px; text-transform: uppercase; padding: 0px 0px 10px;">
                     Trippy tech
                    </td>
                   </tr>
                   <tr>
                    <td style="padding: 0 0 6px;">
                     <a style="color: #d62829; text-decoration: none;">
                      <img alt="Tripp app" src="https://inboxflows.com/_/image/https%253A%252F%252Fmedia.sailthru.com%252Fcomposer%252Fimages%252Fsailthru-prod-6ks%252FTripp.png/?inbox_flows_img_sig=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZtZWRpYS5zYWlsdCJ9:1lyBxr:pQ8nUj8BWDViq8XA67XtWy1KqFEBEkrVNzmyJvrA7Y4" style="height: auto; width: 100%; max-width: 600px;" width="600"/>
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                    <td>
                     <h2 style="font-size: 22px; line-height: 26px; font-weight: bold; margin: 10px 0px 5px;">
                      Tripp raises $11m for psychedelic VR meditation
                     </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;">
                      Good news for the CEO who
                      <a style="color: #d62829; text-decoration: none; -webkit-text-fill-color: #d62829;">
                       said
                      </a>
                      he was fired for microdosing at work.
                     </p>
                     <p style="font-size: 15px; line-height: 140%; margin: 5px 0px 10px;">
                      <a style="color: #d62829; text-decoration: none; -webkit-text-fill-color: #d62829;">
                       Tripp
                      </a>
                      -- a Los Angeles-based VR meditation and wellness app -- just scored $11m in funding. Its CEO Nanea Reeves tells
                      <a style="color: #d62829; text-decoration: none; -webkit-text-fill-color: #d62829;">
                       <em>
                        TechCrunch
                       </em>
                      </a>
                      that Tripp can be a “low-friction alternative” to taking psychedelics.
                     </p>
                     <p style="font-size: 15px; line-height: 140%; margin: 5px 0px 10px;">
                      “The idea is to take mindfulness structures and video game mechanics together to see if we can actually hack the way that you feel,” she said.
                     </p>
                     <h4 style="font-size: 17px; height: 100%; letter-spacing: 0px; line-height: 22px; padding-top: 8px; margin: 0px;">
                      <strong>
                       Tripp offers several experiences...
                      </strong>
                     </h4>
                     <p style="font-size: 15px; line-height: 140%; margin: 5px 0px 10px;">
                      … designed for relaxation, focus, and meditation.
                     </p>
                     <p style="font-size: 15px; line-height: 140%; margin: 5px 0px 10px;">
                      Owners of VR headsets -- like Facebook’s Oculus and PlayStation VR -- pay a subscription
                      <a style="color: #d62829; text-decoration: none; -webkit-text-fill-color: #d62829;">
                       fee
                      </a>
                      ($4.99/month, $14.99/year, $29.99 for life) for:
                     </p>
                     <ul style="font-size: 16px; line-height: 20px; padding-bottom: 10px; padding-left: 12px; margin: 0;">
                      <li style="font-size: 15px; line-height: 140%; margin: 0 0 0 15px; padding: 0px;">
                       Daily calming exercises
                      </li>
                      <li style="font-size: 15px; line-height: 140%; margin: 0 0 0 15px; padding: 0px;">
                       Meditations on gratitude in a field of giant mushrooms
                      </li>
                      <li style="font-size: 15px; line-height: 140%; margin: 0 0 0 15px; padding: 0px;">
                       “Escapes” to a Bavarian cow pasture or a beach in Mallorca
                      </li>
                      <li style="font-size: 15px; line-height: 140%; margin: 0 0 0 15px; padding: 0px;">
                       The ability to “compose” their own experiences
                      </li>
                     </ul>
                     <p style="font-size: 15px; line-height: 140%; margin: 5px 0px 10px;">
                      Per
                      <em>
                       TechCrunch
                      </em>
                      , Tripp also envisions itself as a possible in-office wellness option -- assuming you don’t mind going back to work with VR headset lines on your face.
                     </p>
                     <p style="font-size: 15px; line-height: 140%; margin: 5px 0px 10px;">
                      <strong>
                       Mindfulness apps are in right now:
                      </strong>
                     </p>
                     <ul style="font-size: 16px; line-height: 20px; padding-bottom: 10px; padding-left: 12px; margin: 0;">
                      <li style="font-size: 15px; line-height: 140%; margin: 0 0 0 15px; padding: 0px;">
                       <strong>
                        Calm
                       </strong>
                       saw downloads increase by 1/3 amid the pandemic and is now valued at $2B, per
                       <a style="color: #d62829; text-decoration: none;">
                        <em>
                         The Atlantic
                        </em>
                       </a>
                       .
                      </li>
                      <li style="font-size: 15px; line-height: 140%; margin: 0 0 0 15px; padding: 0px;">
                       <strong>
                        Headspace
                       </strong>
                       -- which made itself
                       <a style="color: #d62829; text-decoration: none;">
                        free
                       </a>
                       to LA County residents during the pandemic -- has scored partnerships with
                       <a style="color: #d62829; text-decoration: none;">
                        Apple Podcasts
                       </a>
                       ,
                       <a style="color: #d62829; text-decoration: none;">
                        Netflix
                       </a>
                       , and
                       <a style="color: #d62829; text-decoration: none;">
                        Microsoft
                       </a>
                       . It has raised
                       <a style="color: #d62829; text-decoration: none;">
                        $200m+
                       </a>
                       .
                      </li>
                     </ul>
                     <p style="font-size: 15px; line-height: 140%; margin: 5px 0px 10px;">
                      For something especially trippy, check out Atlas V’s
                      <a style="color: #d62829; text-decoration: none; -webkit-text-fill-color: #d62829;">
                       Ayahuasca VR: A Kosmik Journey
                      </a>
                      .
                     </p>
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                     TRENDS
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                       <img src="https://inboxflows.com/_/image/https%253A%252F%252Fmedia.sailthru.com%252Fcomposer%252Fimages%252Fsailthru-prod-6ks%252Fmale_fertility.png/?inbox_flows_img_sig=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZtZWRpYS5zYWlsdCJ9:1lyBxr:pQ8nUj8BWDViq8XA67XtWy1KqFEBEkrVNzmyJvrA7Y4" style="width: 100%; max-width: 600px; height: auto; padding: 15px 0 0;" width="600"/>
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                     <h2 style="font-size: 20px; font-weight: 800; letter-spacing: 0px; line-height: 24px; margin: 20px 0 0px;">
                      <strong>
                       How you can get in on a $47B market...
                      </strong>
                     </h2>
                     <p style="font-size: 15px; line-height: 140%; margin: 5px 0px 10px;">
                      Recently, our team of analysts released a report on the fast-growing number of male fertility startups.
                     </p>
                     <p style="font-size: 15px; line-height: 140%; margin: 5px 0px 10px;">
                      This is an area that is receiving a
                      <em>
                      </em>
                      <em>
                       <strong>
                        huge amount of funding
                       </strong>
                      </em>
                      <strong>
                       .
                      </strong>
                     </p>
                     <p style="font-size: 15px; line-height: 140%; margin: 5px 0px 10px;">
                      (The global fertility market as a whole is on track to exceed
                      <strong>
                       $47B
                      </strong>
                      as soon as 2030.)
                     </p>
                     <p style="font-size: 15px; line-height: 140%; margin: 5px 0px 10px;">
                      Now, here’s the good news for you:
                     </p>
                     <p style="font-size: 15px; line-height: 140%; margin: 5px 0px 10px;">
                      <strong>
                       There are still huge opportunities in well-funded niches of this market.
                      </strong>
                     </p>
                     <p style="font-size: 15px; line-height: 140%; margin: 5px 0px 10px;">
                      And, to make it easy for you, we’ve outlined those opportunities in
                      <a style="color: #d62829; text-decoration: none; -webkit-text-fill-color: #d62829;">
                       our team’s report on the male fertility industry.
                      </a>
                     </p>
                     <p style="font-size: 15px; line-height: 140%; margin: 5px 0px 10px;">
                      When you read through, you’ll learn:
                     </p>
                     <ul style="font-size: 16px; line-height: 20px; padding-bottom: 10px; padding-left: 12px; margin: 0;">
                      <li style="font-size: 15px; line-height: 140%; margin: 0 0 0 15px; padding: 0px;">
                       Who the newest players in the space are, and
                       <strong>
                        the niches that still need solutions
                       </strong>
                      </li>
                      <li style="font-size: 15px; line-height: 140%; margin: 0 0 0 15px; padding: 0px;">
                       How one company in the space went from zero to a
                       <strong>
                        $10m Series A
                       </strong>
                       in April of this year
                      </li>
                      <li style="font-size: 15px; line-height: 140%; margin: 0 0 0 15px; padding: 0px;">
                       Strategies, tactics, and tips so that you can start building
                       <em>
                        immediately
                       </em>
                      </li>
                      <li style="font-size: 15px; line-height: 140%; margin: 0 0 0 15px; padding: 0px;">
                       And much, much more
                      </li>
                     </ul>
                     <p style="font-size: 15px; line-height: 140%; margin: 5px 0px 10px;">
                      If you’re not already a member of Trends,
                      <a style="color: #d62829; text-decoration: none; -webkit-text-fill-color: #d62829;">
                       <strong>
                        sign up today for a $1 trial
                       </strong>
                      </a>
                      to get access to the full report.
                     </p>
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                     <a style="color: #ffffff; font-size: 16px; font-weight: bold; text-decoration: none; background-color: #D62829; border-radius: 15px; -webkit-text-fill-color: #ffffff; padding: 6px 20px;" target="_blank">
                      Get Access →
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                    <td style="color: #D62829; font-size: 16px; font-weight: bold; letter-spacing: 1.5px; text-transform: uppercase; padding: 0px 0px 10px;">
                     Chart of the day
                    </td>
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                    <td align="center" style="text-align: center; padding: 0 0 6px;">
                     <img alt="hedge fund fees over time" src="https://inboxflows.com/_/image/https%253A%252F%252Fmedia.sailthru.com%252Fcomposer%252Fimages%252Fsailthru-prod-6ks%252Fhedge_fund_fees.png/?inbox_flows_img_sig=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZtZWRpYS5zYWlsdCJ9:1lyBxr:pQ8nUj8BWDViq8XA67XtWy1KqFEBEkrVNzmyJvrA7Y4" style="height: auto; width: 100%; max-width: 600px;" width="600"/>
                    </td>
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                    <td>
                     <p style="font-family: Helvetica, sans-serif; color: #5f696c; font-size: 12px; font-style: italic; line-height: 20px; margin: 0px; padding: 8px 5px 10px;">
                      Hedge fund fees ain’t what they used to be (Source: CNBC)
                     </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;">
                      <strong>
                       A famous hedge fund term is “2-and-20.”
                      </strong>
                      It refers to the fees that hedge fund managers charge their clients:
                     </p>
                     <ul style="font-size: 16px; line-height: 20px; padding-bottom: 10px; padding-left: 12px; margin: 0;">
                      <li style="font-size: 15px; line-height: 140%; margin: 0 0 0 15px; padding: 0px;">
                       a
                       <strong>
                        2%
                       </strong>
                       management fee (which is guaranteed and is calculated as a % of how much money the hedge fund manages)
                      </li>
                      <li style="font-size: 15px; line-height: 140%; margin: 0 0 0 15px; padding: 0px;">
                       a
                       <strong>
                        20%
                       </strong>
                       performance fee (which is calculated on how much the fund gains in value, usually above a minimum level)
                      </li>
                     </ul>
                     <p style="font-size: 15px; line-height: 140%; margin: 5px 0px 10px;">
                      According to
                      <a style="color: #d62829; text-decoration: none; -webkit-text-fill-color: #d62829;">
                       <em>
                        CNBC
                       </em>
                      </a>
                      , these fees have fallen to
                      <strong>
                       1.4%
                      </strong>
                      and
                      <strong>
                       16.4%
                      </strong>
                      , respectively.
                     </p>
                     <p style="font-size: 15px; line-height: 140%; margin: 5px 0px 10px;">
                      While “2-and-20” had a good run, the all-time best number shorthand in finance remains “3-6-3,” which referred to how easy bank lenders had it in the 1950s, ’60s and ’70s.
                     </p>
                     <p style="font-size: 15px; line-height: 140%; margin: 5px 0px 10px;">
                      To
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                       paraphrase
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                      <strong>
                       6%,
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                      and go to the golf course at
                      <strong>
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