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Today, Aaron Rodgers’ wallet isn’t getting any thinner, and ice cream truck drivers are pinching for dinner, but first...
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With regulation ’round the corner, Big Tech lobbyists suit up for the Big Leagues
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After regulators
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announced plans
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to put Google, Apple, Facebook, and Amazon under the microscope on Monday, the tech giants doubled down on a defensive strategy: lobbying lawmakers.
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The 4 behemoths of Big Tech
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spent
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a combined $55m lobbying in Washington last year -- 2x what they spent in 2016. Now, it looks like they’re gearing up to burn an even bigger pile o’ cash.
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Big Tech’s legion of loyal lobbyists
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In the first quarter of this year, 238 people were registered to lobby for tech’s Big 4, and 75% of them once worked in government or on political campaigns. In typical lobbying fashion, many of them worked for the very politicians they are now paid to influence.
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Since politicians on
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both sides of the aisle
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are calling for the breakup of Big Tech, the surest path to safety for tech giants is to spend and schmooze as widely as possible.
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Who to trust and who to anti-trust…?
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Some connections between tech and government officials are very direct: The head of the Justice Department’s antitrust division used to work as a contract lobbyist for Google.
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Also, last month, the Internet Association -- which represents tech companies including Facebook, Google, and Amazon -- awarded its “Internet Freedom Award” to Ivanka Trump.
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Other efforts by Big Tech to influence policy are less direct: Facebook, Google, and other tech giants funnel oodles of cash into think tanks across the political spectrum.
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Big Tech joins the Big Lobbying Club
</strong>
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Antitrust arguments against Big Tech likely won’t go away any time soon.
</p>
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Now, Big Tech’s lobbying machine will likely join Big Auto, Big Banks, and Big Military Contractors in lobbying’s Big Leagues -- and stick around Washington for years to come.
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<!-- END SHARE ME NOW BRIEF -->
<!-- START BRIEF -->
<tr id="news1">
<td>
<h2 style="font-family: arial, sans-serif; font-size: 26px; font-weight: bold; line-height: 120%; margin-bottom: 16px; margin-top: 36px;">
<strong>
Future hall of famer Aaron Rodgers can now call himself a current venture capitalist
</strong>
</h2>
<p style="font-family: arial, sans-serif; font-size: 15px; line-height: 120%; margin: 0; padding-bottom: 12px;">
Aaron Rodgers and his partners at Rx3 Ventures announced a
<a style="-webkit-text-fill-color: #d62828; color: #d62828; text-decoration: none;">
$50m fund
</a>
to focus on consumer brands.
</p>
<p style="font-family: arial, sans-serif; font-size: 15px; line-height: 120%; margin: 0; padding-bottom: 12px;">
Rx3 has already invested in companies like CorePower Yoga, Hims, and VICIS -- a company that makes safer football helmets.
</p>
<h4 style="font-family: arial, sans-serif; font-size: 18px; font-weight: bold; margin-bottom: 8px; margin-top: 16px;">
<strong>
The trend is real
</strong>
</h4>
<p style="font-family: arial, sans-serif; font-size: 15px; line-height: 120%; margin: 0; padding-bottom: 12px;">
Rodgers is only the latest added to the long roster of athletes looking to score big in the investment world. In 2016, Kobe Bryant launched a
<a style="-webkit-text-fill-color: #d62828; color: #d62828; text-decoration: none;">
$100m fund
</a>
where he has invested in companies like The Players’ Tribune and LegalZoom.
</p>
<p style="font-family: arial, sans-serif; font-size: 15px; line-height: 120%; margin: 0; padding-bottom: 12px;">
Serena Williams has invested in 34 startups in the past 5 years, and basically everyone on the Golden State Warriors has made good use of their close proximity to Silicon Valley.
</p>
<h4 style="font-family: arial, sans-serif; font-size: 18px; font-weight: bold; margin-bottom: 8px; margin-top: 16px;">
<strong>
*Has too much cash, becomes venture capitalist*
</strong>
</h4>
<p style="font-family: arial, sans-serif; font-size: 15px; line-height: 120%; margin: 0; padding-bottom: 12px;">
Many famed sports stars of yesteryear postponed the true potential of their business careers until after they hung up their [insert sports shoe here].
</p>
<p style="font-family: arial, sans-serif; font-size: 15px; line-height: 120%; margin: 0; padding-bottom: 12px;">
But these days, as many teams pay their stars
<a style="-webkit-text-fill-color: #d62828; color: #d62828; text-decoration: none;">
more than ever before
</a>
, why not get started early?
</p>
</td>
</tr>
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<tr>
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Get it while it’s hot
</a>
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<td>
<h2 style="font-family: arial, sans-serif; font-size: 26px; font-weight: bold; line-height: 120%; margin-bottom: 16px; margin-top: 36px;">
<strong>
New York City ice cream trucks seized for shirking $4.5m in fines
</strong>
</h2>
<p style="font-family: arial, sans-serif; font-size: 15px; line-height: 120%; margin: 0; padding-bottom: 12px;">
Revenge is a cone best served cold as New York City towed away dozens of ice cream trucks on Wednesday for financially gaming the system.
</p>
<p style="font-family: arial, sans-serif; font-size: 15px; line-height: 120%; margin: 0; padding-bottom: 12px;">
According to
<a style="-webkit-text-fill-color: #d62828; color: #d62828; text-decoration: none;">
<em>
The New York Times
</em>
</a>
, the city is accusing the truck owners of owing $4.5m in fines for roughly 22.5k unpaid parking and traffic violations.
</p>
<h4 style="font-family: arial, sans-serif; font-size: 18px; font-weight: bold; margin-bottom: 8px; margin-top: 16px;">
<strong>
For ice cream trucks, Manhattan is the big leagues...
</strong>
</h4>
<p style="font-family: arial, sans-serif; font-size: 15px; line-height: 120%; margin: 0; padding-bottom: 12px;">
With tourists willing to pay top dollar for cones in the crowded streets of Times Square, Midtown revs rampant with ice cream trucks -- but, with limited parking and NYC’s stern regulations, tickets have become a crippling expense for vendors.
</p>
<p style="font-family: arial, sans-serif; font-size: 15px; line-height: 120%; margin: 0; padding-bottom: 12px;">
The city alleges an onslaught of companies -- totaling a number of 76 ice cream trucks -- planned a scheme to avoid paying tickets for running red lights, using bus lanes and parking in crosswalks.
</p>
<p style="font-family: arial, sans-serif; font-size: 15px; line-height: 120%; margin: 0; padding-bottom: 12px;">
In order to duck city officials seeking to collect, the corporations reportedly re-registered their trucks under different shell companies -- names like Ice Boyz, Ice Mania, and Twirly Twirl Ice Inc. were a few that stood out.
</p>
<h4 style="font-family: arial, sans-serif; font-size: 18px; font-weight: bold; margin-bottom: 8px; margin-top: 16px;">
<strong>
Cleanin’ up the cream
</strong>
</h4>
<p style="font-family: arial, sans-serif; font-size: 15px; line-height: 120%; margin: 0; padding-bottom: 12px;">
<a style="-webkit-text-fill-color: #d62828; color: #d62828; text-decoration: none;">
34 of the 46
</a>
“worst offenders” were towed in what the city is calling “Operation Meltdown.”
</p>
<p style="font-family: arial, sans-serif; font-size: 15px; line-height: 120%; margin: 0; padding-bottom: 12px;">
Mayor Bill de Blasio said the crackdown “marks the end of the road for these scofflaw ice cream vendors” -- s
<em>
ee what he did there?
</em>
</p>
</td>
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I scream, you scream...
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<tr>
<td>
<table style="border-spacing: 0px;">
<tr>
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<h2 style="font-family: arial, sans-serif; font-size: 26px; font-weight: bold; line-height: 120%; margin-bottom: 16px; margin-top: 36px;">
<strong>
Good days start with great jeans
</strong>
</h2>
<p style="font-family: arial, sans-serif; font-size: 15px; line-height: 120%; margin: 0; padding-bottom: 12px;">
And
<a style="-webkit-text-fill-color: #d62828; color: #d62828; text-decoration: none;">
Madewell
</a>
has
<em>
great
</em>
jeans.
</p>
<p style="font-family: arial, sans-serif; font-size: 15px; line-height: 120%; margin: 0; padding-bottom: 12px;">
That’s because they use the best fabrics and have fits that make their denim look better on you than a bandana looks on a golden retriever.
</p>
<p style="font-family: arial, sans-serif; font-size: 15px; line-height: 120%; margin: 0; padding-bottom: 12px;">
With styles for anyone --
<a style="-webkit-text-fill-color: #d62828; color: #d62828; text-decoration: none;">
hell,
<em>
everyone
</em>
</a>
-- including styles for
<a style="-webkit-text-fill-color: #d62828; color: #d62828; text-decoration: none;">
men
</a>
and
<a style="-webkit-text-fill-color: #d62828; color: #d62828; text-decoration: none;">
women
</a>
in every size and fit, Madewell is the
<strong>
one-stop-shop
</strong>
for denim for you, and you,
<em>
and you.
</em>
</p>
<p style="font-family: arial, sans-serif; font-size: 15px; line-height: 120%; margin: 0; padding-bottom: 12px;">
Plus, these jeans are
<em>
quality
</em>
. Madewell works with mills like
<a style="-webkit-text-fill-color: #d62828; color: #d62828; text-decoration: none;">
Candiani in Italy
</a>
to source and develop their denim in Fair Trade certified factories, which ensures their jeans are top notch -- and
<strong>
sustainably produced
</strong>
.
</p>
<p style="font-family: arial, sans-serif; font-size: 15px; line-height: 120%; margin: 0; padding-bottom: 12px;">
Click below to learn more about Madewell denim and find your fit.
</p>
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Your perfect pair awaits →
</a>
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<img alt="Advertisement" border="0" height="1" src="https://inboxflows.com/_/image/https%253A%252F%252Fad.doubleclick.net%252Fddm%252Ftrackimp%252FN8818.2768207THEHUSTLE%252FB8637066.248631592%253Bdc_trk_aid%253D444953128%253Bdc_trk_cid%253D117273330%253Bord%253D%255Btimestamp%255D%253Bdc_lat%253D%253Bdc_rdid%253D%253Btag_for_child_directed_treatment%253D%253Btfua%253D%253F/?inbox_flows_img_sig=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZhZC5kb3VibGVjbCJ9:1kXOTc:flihsIDpA_vhE2OMpDDX1zhnbedUQ6pMoQWftSujvgo" width="1"/>
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</td>
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<!-- END NATIVE -->
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<!-- START SHOWER THOUGHTS -->
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shower thoughts
</td>
</tr>
<tr id="shower">
<td bgcolor="#ffffff" style="padding-bottom: 30px; padding-top: 10px;" valign="top">
<ol style="font-size: 16px;">
<li style="line-height: 120%; padding: 4px 0;">
The better a dating app is, the faster you’re supposed to delete it
</li>
<li style="line-height: 120%; padding: 4px 0;">
Failure is spelling a word so badly that there are no spelling suggestions
</li>
<li style="line-height: 120%; padding: 4px 0;">
At one point, some people were pissed off because they were late to the Titanic
</li>
<li style="line-height: 120%; padding: 4px 0;">
Images of Earth are actually group selfies where no one paid attention to the camera
</li>
<li style="line-height: 120%; padding: 4px 0;">
A person carrying a cup of fresh coffee in each hand is defenseless and quite dangerous simultaneously
</li>
<li style="font-style: italic; line-height: 120%; list-style: none; padding: 4px 0;">
via
<a style="color: #d62828; text-decoration: none;">
Reddit
</a>
</li>
</ol>
</td>
</tr>
<!-- END SHOWER THOUGHTS -->
<tr>
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trends exclusive
</td>
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<tr>
<td>
<h2 style="font-family: arial, sans-serif; font-size: 26px; font-weight: bold; line-height: 120%; margin-bottom: 16px; margin-top: 36px;">
<strong>
Thank you.
</strong>
</h2>
<p style="font-family: arial, sans-serif; font-size: 15px; line-height: 120%; margin: 0; padding-bottom: 12px;">
Hey, it's Sam, Founder of The Hustle.
</p>
<p style="font-family: arial, sans-serif; font-size: 15px; line-height: 120%; margin: 0; padding-bottom: 12px;">
We launched
<a style="-webkit-text-fill-color: #d62828; color: #d62828; text-decoration: none;">
Trends
</a>
this week. It went well. Thousands of people signed up and the private community is already bumpin.
</p>
<p style="font-family: arial, sans-serif; font-size: 15px; line-height: 120%; margin: 0; padding-bottom: 12px;">
Some folks wrote us angry emails asking us to stop promoting Trends. “
<em>
Go back to how The Hustle always is,
</em>
” they said, “
<em>
and stop selling me stuff!
</em>
”
</p>
<p style="font-family: arial, sans-serif; font-size: 15px; line-height: 120%; margin: 0; padding-bottom: 12px;">
To those people: Relax! The Hustle will be back to normal next week :).
</p>
<p style="font-family: arial, sans-serif; font-size: 15px; line-height: 120%; margin: 0; padding-bottom: 12px;">
But if you’re interested in building a business, seeing trends before they explode, or networking with the people we interview as well as our team, then sign up.
</p>
<p style="font-family: arial, sans-serif; font-size: 15px; line-height: 120%; margin: 0; padding-bottom: 12px;">
And if Trends isn’t for you, no biggie. The Hustle will always be free and we’ll always give you badass business news and content each day. It’s what we do.
</p>
<p style="font-family: arial, sans-serif; font-size: 15px; line-height: 120%; margin: 0; padding-bottom: 12px;">
Thanks again. Without you, our dear reader, we’re nothing.
</p>
<p style="font-family: arial, sans-serif; font-size: 15px; line-height: 120%; margin: 0; padding-bottom: 12px;">
- Sam
</p>
<p style="font-family: arial, sans-serif; font-size: 15px; line-height: 120%; margin: 0; padding-bottom: 12px;">
<strong>
PS
</strong>
: Have feedback? Email me:
<a style="-webkit-text-fill-color: #d62828; color: #d62828; text-decoration: none;">
samparr@thehustle.co
</a>
. Or if you prefer,
<a style="-webkit-text-fill-color: #d62828; color: #d62828; text-decoration: none;">
tweet me
</a>
.
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love it
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Conor Grant
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6 years ago - news@thehustle.co
‘Please don’t take our power away’
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