Inboxes List

Create an inbox to save and track emails. It's free!

+New inbox

<!DOCTYPE html PUBLIC "-//W3C//DTD XHTML 1.0 Transitional//EN" "//www.w3.org/TR/xhtml1/DTD/xhtml1-transitional.dtd">
<html lang="en" xml:lang="en" xmlns="//www.w3.org/1999/xhtml">
 <head>
  <title>
   thehustle.co
  </title>
  <meta content="text/html; charset=utf-8" http-equiv="Content-Type"/>
  <meta content="width=device-width, initial-scale=1, minimum-scale=1, maximum-scale=1" name="viewport"/>
  <meta content="IE=Edge" http-equiv="X-UA-Compatible"/>
  <!--[if (gte mso 9)|(IE)]><style type="text/css">
table {border-collapse: collapse;}
table, td {mso-table-lspace: 0pt;mso-table-rspace: 0pt;}
img {-ms-interpolation-mode: bicubic;}
</style><![endif]-->
  <style>
   body {
font-family: Helvetica, sans-serif;
}
body a {
color: #d62829; text-decoration: none;
}
@media screen and (max-width:480px) {
.templateColumnContainer {
display: block !important; width: 100% !important; padding-left: 0 !important; padding-right: 0 !important;
}
}
  </style>
 </head>
 <body bgcolor="#FFFFFF" data-attributes="%7B%22dropped%22%3Atrue%2C%22bodybackground%22%3A%22%23FFFFFF%22%2C%22bodyfontname%22%3A%22arial%2Csans-serif%22%2C%22bodytextcolor%22%3A%22%23000000%22%2C%22bodylinkcolor%22%3A%22%231188e6%22%2C%22bodyfontsize%22%3A%2214px%22%7D" style="background: #FFFFFF; color: #000000; font-family: Helvetica,sans-serif; font-size: 14px; margin: 0; min-width: 100%; padding: 0;" yahoofix="true">
  <span style="font-size: 0;">
   <a>
    <img alt="" border="0" src="https://inboxflows.com/_/image/https%253A%252F%252Flink.thehustle.co%252Fimg%252F5f3ba0bd2c81bf631436a9e1cwyec.126k%252Fd079b77b.gif/?inbox_flows_img_sig=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZsaW5rLnRoZWh1cyJ9:1kXMGd:cYotG2U9TvTfuNx3oVhp6JChjLGXy6vOJVTilHxUq4A"/>
   </a>
  </span>
  <center class="wrapper">
   <div class="webkit" style="font-family: Helvetica, sans-serif;">
    <table bgcolor="#FFFFFF" border="0" cellpadding="0" cellspacing="0" class="wrapper" style="-moz-text-size-adjust: 100%; -ms-text-size-adjust: 100%; -webkit-font-smoothing: antialiased; -webkit-text-size-adjust: 100%; max-width: 600px !important; table-layout: fixed; width: 100% !important;" width="100%">
     <tbody>
      <tr>
       <td bgcolor="#FFFFFF" valign="top" width="100%">
        <!--[if (gte mso 9)|(IE)]><table width="600" align="center" cellpadding="0" cellspacing="0" border="0"> <tr> <td><![endif]-->
        <table align="center" bgcolor="#ffffff" border="0" cellpadding="0" cellspacing="0" class="module footer" data-attributes="%7B%22dropped%22%3Atrue%2C%22columns%22%3A1%2C%22padding%22%3A%2210%2C5%2C10%2C5%22%2C%22containerbackground%22%3A%22%23ffffff%22%7D" data-type="footer" role="module" style="color: #000000; max-width: 600px; padding: 10px 0px;" width="100%">
         <tbody>
          <tr id="intro">
           <td colspan="2" style="color: #ffffff; font-family: 'Helvetica', sans-serif; font-size: 1px; letter-spacing: 0px; line-height: 120%; padding: 0px;">
            PLUS: Are loyalty programs worth more than airlines?
           </td>
          </tr>
          <tr>
           <td>
            <table style="top: 10px; width: 100%;">
             <tr>
              <td style="padding: 0px;">
               <table style="width: 100%;">
                <tr>
                 <td align="right" bgcolor="#ffffff" style="background: #ffffff; color: #BFBFBF; font-size: 13px; line-height: 20px; padding: 10px; text-align: right;">
                  October 5, 2020
                 </td>
                </tr>
                <tr>
                 <td align="center" bgcolor="#ffffff" style="background: #ffffff; text-align: center;">
                  <img alt="The Hustle" src="https://inboxflows.com/_/image/https%253A%252F%252Fthdaily.s3-us-west-1.amazonaws.com%252FThe_Hustle_glow_20200518211036.png/?inbox_flows_img_sig=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZ0aGRhaWx5LnMzLSJ9:1kXMGd:5S4JUVhg8Q2Y7ywdfIarq35JmAHAI9gtmVS-P5_puSc" style="width: 250px;" width="250"/>
                 </td>
                </tr>
                <tr>
                 <td align="center" bgcolor="#ffffff" style="background: #ffffff; color: #bfbfbf; font-size: 15px; line-height: 20px; padding: 5px 0px; text-align: center;">
                  TOGETHER WITH
                 </td>
                </tr>
                <tr>
                 <td align="center" bgcolor="#ffffff" style="background: #ffffff; padding: 0px 0px 10px; text-align: center;">
                  <a style="color: #d62829; text-decoration: none;">
                   <img alt="eToro" src="https://inboxflows.com/_/image/https%253A%252F%252Fthdaily.s3-us-west-1.amazonaws.com%252FEtoro_logo_20200928154326.png/?inbox_flows_img_sig=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZ0aGRhaWx5LnMzLSJ9:1kXMGd:5S4JUVhg8Q2Y7ywdfIarq35JmAHAI9gtmVS-P5_puSc" style="max-width: 150px; width: auto;"/>
                  </a>
                 </td>
                </tr>
               </table>
              </td>
             </tr>
            </table>
           </td>
          </tr>
          <tr>
           <td class="h2020 intro ignore-defaults" style="top: 10px; width: 100%;">
            <table style="width: 100%;">
             <tr>
              <td style="padding: 0px;">
               <table style="border-spacing: 0px; width: 100%;">
                <tr>
                 <td style="padding: 0px 10px;">
                  <p style="font-size: 16px; line-height: 20px; margin: 0px; padding-bottom: 10px;">
                   President Donald Trump and the First Lady, Melania Trump, tested positive for COVID-19, with cases across the White House rising over the weekend. Echoing the words of candidate Joe Biden and former President Barack Obama, we wish everyone affected a speedy recovery from the illness.
                  </p>
                 </td>
                </tr>
                <tr>
                 <td class="h2020 ignore-defaults">
                 </td>
                </tr>
               </table>
              </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 Big Idea
              </td>
             </tr>
             <tr>
              <td style="padding: 0 0 6px;">
               <a style="color: #d62829; text-decoration: none;">
                <img alt="" src="https://inboxflows.com/_/image/https%253A%252F%252Fthdaily.s3-us-west-1.amazonaws.com%252Fregeneron_20201005011624.gif/?inbox_flows_img_sig=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZ0aGRhaWx5LnMzLSJ9:1kXMGd:5S4JUVhg8Q2Y7ywdfIarq35JmAHAI9gtmVS-P5_puSc" style="height: auto; width: 100%;"/>
               </a>
              </td>
             </tr>
             <tr>
              <td>
               <h2 style="font-size: 22px; font-weight: bold; line-height: 26px; margin: 10px 0px 5px;">
                The billionaire doctor duo behind President Trump’s experimental drug
               </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;">
                There are no treatments approved for COVID-19, but President Trump was given an experimental antibody cocktail late last week, under the
                <a style="-webkit-text-fill-color: #d62829; color: #d62829; text-decoration: none;">
                 FDA
                </a>
                ’s compassionate use clearance.
               </p>
               <p style="font-size: 15px; line-height: 140%; margin: 5px 0px 10px;">
                The drug is manufactured by Regeneron, a New York-based company whose CEO has known Mr. Trump for years,
                <a style="-webkit-text-fill-color: #d62829; color: #d62829; text-decoration: none;">
                 <em>
                  The New York Times
                 </em>
                </a>
                reports.
               </p>
               <p style="font-size: 15px; line-height: 140%; margin: 5px 0px 10px;">
                “All I can say is that [the White House] asked… and we were happy to oblige,” Dr. Leonard S. Schleifer, Regeneron’s co-founder and CEO, told the
                <em>
                 Times
                </em>
                .
               </p>
               <h4 style="font-size: 17px; height: 100%; letter-spacing: 0px; line-height: 22px; margin: 0px; padding-top: 8px;">
                <strong>
                 A doctor spies a market opportunity
                </strong>
               </h4>
               <p style="font-size: 15px; line-height: 140%; margin: 5px 0px 10px;">
                Regeneron’s story starts in 1988.
               </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>
                  Forbes
                 </em>
                </a>
                , Schleifer completed his MD and PhD degrees and was working as a neurology professor at Weill Cornell Medical College when he took an entrepreneurial turn.
               </p>
               <p style="font-size: 15px; line-height: 140%; margin: 5px 0px 10px;">
                After seeing the success of biotech firm Genentech, Schleifer convinced venture investors to put up $1m to support his startup that would do research on diseases of the nervous system.
               </p>
               <p style="font-size: 15px; line-height: 140%; margin: 5px 0px 10px;">
                Schleifer then went out to convince a partner to join him. That man was George Yancopoulos, another MD/PhD who became Regeneron’s chief scientific officer.
               </p>
               <h4 style="font-size: 17px; height: 100%; letter-spacing: 0px; line-height: 22px; margin: 0px; padding-top: 8px;">
                <strong>
                 A prolific partnership
                </strong>
               </h4>
               <p style="font-size: 15px; line-height: 140%; margin: 5px 0px 10px;">
                Schleifer and Yancopoulos actually grew up on the same street in Queens, NY, but had never met.
               </p>
               <p style="font-size: 15px; line-height: 140%; margin: 5px 0px 10px;">
                As business partners, Schleifer was the dealmaker who gave Yancopoulos the resources and space to do research… and research he did.
               </p>
               <p style="font-size: 15px; line-height: 140%; margin: 5px 0px 10px;">
                <em>
                 Forbes
                </em>
                describes Yancopoulos as one of the “most prolific drug hunters of his generation.”
               </p>
               <h4 style="font-size: 17px; height: 100%; letter-spacing: 0px; line-height: 22px; margin: 0px; padding-top: 8px;">
                <strong>
                 But Regeneron’s first blockbuster drug would take decades
                </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;">
                 Eylea
                </a>
                , an injectable eye treatment to prevent macular degeneration (AKA vision impairment), hit markets in the early-2010s.
               </p>
               <p style="font-size: 15px; line-height: 140%; margin: 5px 0px 10px;">
                Eylea is now one of the world’s top-selling prescription
                <a style="-webkit-text-fill-color: #d62829; color: #d62829; text-decoration: none;">
                 drugs
                </a>
                and the anchor of Regeneron’s $60B market value.
               </p>
               <p style="font-size: 15px; line-height: 140%; margin: 5px 0px 10px;">
                Based on their Regeneron stakes, Shleifer and Yancopoulos are now worth
                <a style="-webkit-text-fill-color: #d62829; color: #d62829; text-decoration: none;">
                 $2.3B
                </a>
                and
                <a style="-webkit-text-fill-color: #d62829; color: #d62829; text-decoration: none;">
                 $1.3B
                </a>
                , respectively.
               </p>
               <h4 style="font-size: 17px; height: 100%; letter-spacing: 0px; line-height: 22px; margin: 0px; padding-top: 8px;">
                <strong>
                 Is the COVID-19 cocktail next?
                </strong>
               </h4>
               <p style="font-size: 15px; line-height: 140%; margin: 5px 0px 10px;">
                According to the
                <em>
                 NYT,
                </em>
                Regeneron’s antibody treatment “hastened recovery time” of a small number of volunteers in its ongoing study.
               </p>
               <p style="font-size: 15px; line-height: 140%; margin: 5px 0px 10px;">
                Much more testing will have to take place before the FDA deems the cocktail safe for wider use.
               </p>
               <p style="font-size: 15px; line-height: 140%; margin: 5px 0px 10px;">
                The success (or failure) of this treatment will define the next chapter for this accomplished doctor duo.
               </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%252Fthdaily.s3-us-west-1.amazonaws.com%252Ffb_20200824020124.png/?inbox_flows_img_sig=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZ0aGRhaWx5LnMzLSJ9:1kXMGd:5S4JUVhg8Q2Y7ywdfIarq35JmAHAI9gtmVS-P5_puSc" 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%252Fthdaily.s3-us-west-1.amazonaws.com%252Ftwitter_20200824020136.png/?inbox_flows_img_sig=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZ0aGRhaWx5LnMzLSJ9:1kXMGd:5S4JUVhg8Q2Y7ywdfIarq35JmAHAI9gtmVS-P5_puSc" 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%252Fthdaily.s3-us-west-1.amazonaws.com%252Femail_20200824020149.png/?inbox_flows_img_sig=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZ0aGRhaWx5LnMzLSJ9:1kXMGd:5S4JUVhg8Q2Y7ywdfIarq35JmAHAI9gtmVS-P5_puSc" 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%252Fthdaily.s3-us-west-1.amazonaws.com%252Fweb_20200824020101.png/?inbox_flows_img_sig=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZ0aGRhaWx5LnMzLSJ9:1kXMGd:5S4JUVhg8Q2Y7ywdfIarq35JmAHAI9gtmVS-P5_puSc" 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="color: #da2829; font-size: 16px; font-weight: bold; letter-spacing: 1.5px; padding: 10px 3px 12px; text-transform: uppercase;">
            Snippets
           </td>
          </tr>
          <tr id="sponsored">
           <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>
               Big Tech is taking another (virtual) pilgrimage
              </strong>
              to Washington
              <a style="color: #d62829; text-decoration: none;">
               on October 28
              </a>
              . This time, CEOs will answer questions about Section 230 protections.
             </li>
             <li style="font-size: 15px; line-height: 140%; margin: 0 0 0 15px; padding: 0px;">
              <strong>
               Twitter is testing a new disinformation-reporting
              </strong>
              feature called “
              <a style="color: #d62829; text-decoration: none;">
               Birdwatch
              </a>
              .” If you see a viral lie? Report it to the Birdwatch queue.
             </li>
             <li style="font-size: 15px; line-height: 140%; margin: 0 0 0 15px; padding: 0px;">
              <strong>
               The movie business has been so bruised
              </strong>
              that, after reopening this summer, the theater chain Cineworld is considering
              <a style="color: #d62829; text-decoration: none;">
               once again closing its doors
              </a>
              .
             </li>
             <li style="font-size: 15px; line-height: 140%; margin: 0 0 0 15px; padding: 0px;">
              <strong>
               Think Calm, but more erotic
              </strong>
              : The startup Emjoy is leading an
              <a style="color: #d62829; text-decoration: none;">
               audio-based sexual wellness boom
              </a>
              .
             </li>
             <li style="font-size: 15px; line-height: 140%; margin: 0 0 0 15px; padding: 0px;">
              <strong>
               Burger King’s Belgian offshoot
              </strong>
              is rolling out a
              <a style="color: #d62829; text-decoration: none;">
               new ad campaign
              </a>
              to… earn a Michelin star?
             </li>
            </ul>
           </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;">
               How loyal are you?
              </td>
             </tr>
             <tr>
              <td style="padding: 0 0 6px;">
               <a style="color: #d62829; text-decoration: none;">
                <img alt="" src="https://inboxflows.com/_/image/https%253A%252F%252Fthdaily.s3-us-west-1.amazonaws.com%252FAirplane_20201005013840.jpg/?inbox_flows_img_sig=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZ0aGRhaWx5LnMzLSJ9:1kXMGd:5S4JUVhg8Q2Y7ywdfIarq35JmAHAI9gtmVS-P5_puSc" style="height: auto; width: 100%;"/>
               </a>
              </td>
             </tr>
             <tr>
              <td>
               <h2 style="font-size: 22px; font-weight: bold; line-height: 26px; margin: 10px 0px 5px;">
                Are airline loyalty programs worth more than the actual airlines?
               </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;">
                Airline loyalty programs -- incentives (like free miles) given to travelers -- are a massive business.
               </p>
               <p style="font-size: 15px; line-height: 140%; margin: 5px 0px 10px;">
                The top 100 loyalty programs could be worth as much as
                <a style="-webkit-text-fill-color: #d62829; color: #d62829; text-decoration: none;">
                 $200B
                </a>
                . And during the pandemic, they’ve become a lifeline for ailing airlines.
               </p>
               <p style="font-size: 15px; line-height: 140%; margin: 5px 0px 10px;">
                To wit: Delta (SkyMiles) and United (MileagePlus) secured respective loans of
                <a style="-webkit-text-fill-color: #d62829; color: #d62829; text-decoration: none;">
                 $6.5B
                </a>
                and
                <a style="-webkit-text-fill-color: #d62829; color: #d62829; text-decoration: none;">
                 $5B
                </a>
                against their loyalty programs to face off a quarantine cash crunch.
               </p>
               <h4 style="font-size: 17px; height: 100%; letter-spacing: 0px; line-height: 22px; margin: 0px; padding-top: 8px;">
                <strong>
                 Airlines have a ‘negative’ worth without loyalty programs
                </strong>
               </h4>
               <p style="font-size: 15px; line-height: 140%; margin: 5px 0px 10px;">
                According to a
                <em>
                 Financial Times
                </em>
                <a style="-webkit-text-fill-color: #d62829; color: #d62829; text-decoration: none;">
                 analysis
                </a>
                , loyalty programs are worth ~$26B to Delta -- more than the airline’s current market value of $20B.
               </p>
               <p style="font-size: 15px; line-height: 140%; margin: 5px 0px 10px;">
                The same holds for America Airlines ($24B vs $6.6B) and United ($20B vs $10.5B).
               </p>
               <p style="font-size: 15px; line-height: 140%; margin: 5px 0px 10px;">
                Without their loyalty program, tech writer
                <a style="-webkit-text-fill-color: #d62829; color: #d62829; text-decoration: none;">
                 Byrne Hobart
                </a>
                notes, Delta’s physical airline operation (planes, landing slots, brand) is worth less than zero -- in this case, negative $6B.
               </p>
               <h4 style="font-size: 17px; height: 100%; letter-spacing: 0px; line-height: 22px; margin: 0px; padding-top: 8px;">
                <strong>
                 However, the valuation exercise is not that straightforward
                </strong>
               </h4>
               <p style="font-size: 15px; line-height: 140%; margin: 5px 0px 10px;">
                As Hobart explains, you can’t just simply separate the loyalty programs from the airlines.
               </p>
               <p style="font-size: 15px; line-height: 140%; margin: 5px 0px 10px;">
                Customers are loyal to programs because of the capacity and network of destinations they offer. An airline can’t willy-nilly cut ticketing options because of a belief that loyalty programs hold all the value.
               </p>
               <p style="font-size: 15px; line-height: 140%; margin: 5px 0px 10px;">
                It’s a package deal.
               </p>
               <p style="font-size: 15px; line-height: 140%; margin: 5px 0px 10px;">
                “An airline without its highly profitable loyalty program is a company that faces high labor costs, volatile fuel prices, and a rapidly changing demand environment,” says Hobart.
               </p>
               <p style="font-size: 15px; line-height: 140%; margin: 5px 0px 10px;">
                “With loyalty programs,” he says, “that’s offset by a high-margin, high-growth side business.”
               </p>
               <p style="font-size: 15px; line-height: 140%; margin: 5px 0px 10px;">
                <em>
                 (You can find more of Hobart’s great analysis at his newsletter,
                </em>
                <a style="-webkit-text-fill-color: #d62829; color: #d62829; text-decoration: none;">
                 <em>
                  The Diff
                 </em>
                </a>
                <em>
                 )
                </em>
               </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%252Fthdaily.s3-us-west-1.amazonaws.com%252Ffb_20200824020124.png/?inbox_flows_img_sig=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZ0aGRhaWx5LnMzLSJ9:1kXMGd:5S4JUVhg8Q2Y7ywdfIarq35JmAHAI9gtmVS-P5_puSc" 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%252Fthdaily.s3-us-west-1.amazonaws.com%252Ftwitter_20200824020136.png/?inbox_flows_img_sig=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZ0aGRhaWx5LnMzLSJ9:1kXMGd:5S4JUVhg8Q2Y7ywdfIarq35JmAHAI9gtmVS-P5_puSc" 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%252Fthdaily.s3-us-west-1.amazonaws.com%252Femail_20200824020149.png/?inbox_flows_img_sig=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZ0aGRhaWx5LnMzLSJ9:1kXMGd:5S4JUVhg8Q2Y7ywdfIarq35JmAHAI9gtmVS-P5_puSc" 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%252Fthdaily.s3-us-west-1.amazonaws.com%252Fweb_20200824020101.png/?inbox_flows_img_sig=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZ0aGRhaWx5LnMzLSJ9:1kXMGd:5S4JUVhg8Q2Y7ywdfIarq35JmAHAI9gtmVS-P5_puSc" 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="color: #D62829; font-size: 16px; font-weight: bold; letter-spacing: 1.5px; padding: 10px 3px 0px; text-transform: uppercase;">
            SPONSORED
           </td>
          </tr>
          <tr id="image">
           <td class="h2020 ignore-defaults" style="padding: 0px 3px;">
            <center>
             <a style="color: #d62829; text-decoration: none;">
              <img src="https://inboxflows.com/_/image/https%253A%252F%252Fthdaily.s3-us-west-1.amazonaws.com%252F8.20_TheHustle_600x300_v2%2520%25281%2529_20200902192242_20200930173648.gif/?inbox_flows_img_sig=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZ0aGRhaWx5LnMzLSJ9:1kXMGd:5S4JUVhg8Q2Y7ywdfIarq35JmAHAI9gtmVS-P5_puSc" style="height: auto; max-width: 600px; padding: 15px 0 0; width: 100%;" width="600"/>
             </a>
            </center>
           </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>
              Love crypto? Want a cool $500? Then listen up:
             </strong>
            </h2>
            <p style="font-size: 15px; line-height: 140%; margin: 5px 0px 10px;">
             If you love, own, trade, or otherwise geek out over all things crypto, this one’s for you.
            </p>
            <p style="font-size: 15px; line-height: 140%; margin: 5px 0px 10px;">
             For a limited time, our friends over at eToro are
             <a style="-webkit-text-fill-color: #d62829; color: #d62829; text-decoration: none;">
              offering you $500 big ones when you open a new account.
             </a>
            </p>
            <p style="font-size: 15px; line-height: 140%; margin: 5px 0px 10px;">
             If you haven’t heard of it yet, eToro is the what’s-what of social trading and investing. Chat with other crypto traders, get plugged into the crypto world with a custom social feed, and even copy the moves of other big-name traders on the fly.
            </p>
            <h4 style="font-size: 17px; height: 100%; letter-spacing: 0px; line-height: 22px; margin: 0px; padding-top: 8px;">
             <strong>
              Okay, okay, I’m in -- what next?
             </strong>
            </h4>
            <p style="font-size: 15px; line-height: 140%; margin: 5px 0px 10px;">
             1.
             <a style="-webkit-text-fill-color: #d62829; color: #d62829; text-decoration: none;">
              Sign up here
             </a>
             and verify your account
             <br/>
             2. Deposit a minimum of $5k
             <br/>
             3. Invest a minimum of $5k into any crypto that tickles your fancy
            </p>
            <p style="font-size: 15px; line-height: 140%; margin: 5px 0px 10px;">
             For those of you counting at home, that cash gift is an immediate 10% return on your money. What are you waiting for?
            </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;">
             Your $500 awaits →
            </a>
           </td>
          </tr>
          <tr id="disclaimer">
           <td style="color: #717171 !important; font-size: 10px !important; font-style: italic; line-height: 120%; padding: 0px 3px;">
            <p style="font-family: arial, sans-serif; font-size: 10px; line-height: 120%; margin: 0; padding-bottom: 12px;">
             <em>
              <strong>
               FINE-ISH PRINT:
              </strong>
              <a style="color: #D62829; text-decoration: none;">
               eToro USA LLC; Investments are subject to market risk, including the possible loss of principal.
              </a>
             </em>
            </p>
           </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;">
               Making Paper
              </td>
             </tr>
             <tr>
              <td style="padding: 0 0 6px;">
               <a style="color: #d62829; text-decoration: none;">
                <img alt="" src="https://inboxflows.com/_/image/https%253A%252F%252Fthdaily.s3-us-west-1.amazonaws.com%252FPhilly_Map_20201005013346.jpg/?inbox_flows_img_sig=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZ0aGRhaWx5LnMzLSJ9:1kXMGd:5S4JUVhg8Q2Y7ywdfIarq35JmAHAI9gtmVS-P5_puSc" style="height: auto; width: 100%;"/>
               </a>
              </td>
             </tr>
             <tr>
              <td>
               <h2 style="font-size: 22px; font-weight: bold; line-height: 26px; margin: 10px 0px 5px;">
                How a Pennsylvania investor group scored a $15B stake in TikTok’s parent company, Bytedance
               </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;">
                Move over Dunder Mifflin, there’s a new corporate top dog in Pennsylvania.
               </p>
               <p style="font-size: 15px; line-height: 140%; margin: 5px 0px 10px;">
                According to a report from the
                <a style="-webkit-text-fill-color: #d62829; color: #d62829; text-decoration: none;">
                 <em>
                  Wall Street Journal
                 </em>
                </a>
                , the owners of Susquehanna International Group (SIG) -- a derivatives trading firm based in Bala Cynwyd, PA -- have been sitting on a
                <strong>
                 15% stake
                </strong>
                in ByteDance (TikTok’s China-based holding company) for years.
               </p>
               <h4 style="font-size: 17px; height: 100%; letter-spacing: 0px; line-height: 22px; margin: 0px; padding-top: 8px;">
                <strong>
                 SIG is an option-trading giant
                </strong>
               </h4>
               <p style="font-size: 15px; line-height: 140%; margin: 5px 0px 10px;">
                Per the
                <em>
                 WSJ
                </em>
                , SIG was founded in 1987 by Arthur Dantchik and a group of college friends. Today, the privately held firm is responsible for more than
                <strong>
                 1 in 5
                </strong>
                options trades in America.
               </p>
               <p style="font-size: 15px; line-height: 140%; margin: 5px 0px 10px;">
                SIG, which has no outside investors, has printed so much cash in the past few decades that the ownership group has aggressively looked for investment opportunities outside of its core business.
               </p>
               <h4 style="font-size: 17px; height: 100%; letter-spacing: 0px; line-height: 22px; margin: 0px; padding-top: 8px;">
                <strong>
                 The investment portfolio is extensive
                </strong>
               </h4>
               <p style="font-size: 15px; line-height: 140%; margin: 5px 0px 10px;">
                SIG’s owners started with so-called PIPE deals (the sale of large public equity stakes in a private transaction) in the 1990s.
               </p>
               <p style="font-size: 15px; line-height: 140%; margin: 5px 0px 10px;">
                The road to TikTok began in the early 2000s when the firm opened SIG Asia Investments in Shanghai. In total, SIG’s China arm invested a collective
                <strong>
                 $2B
                </strong>
                in 260 companies, including ByteDance.
               </p>
               <p style="font-size: 15px; line-height: 140%; margin: 5px 0px 10px;">
                SIG plunked down
                <strong>
                 $5m
                </strong>
                in ByteDance in 2012, the year of the company’s founding. Today, that stake is worth
                <strong>
                 $15B
                </strong>
                -- a casual
                <strong>
                 3000x
                </strong>
                return.
               </p>
               <p style="font-size: 15px; line-height: 140%; margin: 5px 0px 10px;">
                That’s more “paper” than Dunder Mifflin has ever made.
               </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%252Fthdaily.s3-us-west-1.amazonaws.com%252Ffb_20200824020124.png/?inbox_flows_img_sig=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZ0aGRhaWx5LnMzLSJ9:1kXMGd:5S4JUVhg8Q2Y7ywdfIarq35JmAHAI9gtmVS-P5_puSc" 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%252Fthdaily.s3-us-west-1.amazonaws.com%252Ftwitter_20200824020136.png/?inbox_flows_img_sig=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZ0aGRhaWx5LnMzLSJ9:1kXMGd:5S4JUVhg8Q2Y7ywdfIarq35JmAHAI9gtmVS-P5_puSc" 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%252Fthdaily.s3-us-west-1.amazonaws.com%252Femail_20200824020149.png/?inbox_flows_img_sig=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZ0aGRhaWx5LnMzLSJ9:1kXMGd:5S4JUVhg8Q2Y7ywdfIarq35JmAHAI9gtmVS-P5_puSc" 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%252Fthdaily.s3-us-west-1.amazonaws.com%252Fweb_20200824020101.png/?inbox_flows_img_sig=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZ0aGRhaWx5LnMzLSJ9:1kXMGd:5S4JUVhg8Q2Y7ywdfIarq35JmAHAI9gtmVS-P5_puSc" 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: 15px;">
           </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: 0px 3px 15px; text-transform: uppercase;">
               SPONSORED
              </td>
             </tr>
             <tr>
              <td style="padding: 0px;">
               <a style="color: #d62829; text-decoration: none;">
                <img src="https://inboxflows.com/_/image/https%253A%252F%252Fthdaily.s3-us-west-1.amazonaws.com%252FFully%2520WFH%2520-%2520Stairway0890-PJ-02-flat_20200930002057.png/?inbox_flows_img_sig=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZ0aGRhaWx5LnMzLSJ9:1kXMGd:5S4JUVhg8Q2Y7ywdfIarq35JmAHAI9gtmVS-P5_puSc" style="height: auto; max-width: 600px; width: 100%;" width="600"/>
               </a>
              </td>
             </tr>
             <tr id="sponsored">
              <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>
                 Fully’s got your back right now -- literally
                </strong>
               </h2>
               <p style="font-size: 15px; line-height: 140%; margin: 5px 0px 10px;">
                And in more ways than one. Here’s proof:
               </p>
               <p style="font-size: 15px; line-height: 140%; margin: 5px 0px 10px;">
                <strong>
                 Back-Having #1:
                </strong>
                They wrote you
                <a style="-webkit-text-fill-color: #d62829; color: #d62829; text-decoration: none;">
                 this customizable letter
                </a>
                to give to your boss so you can score a sick WFH setup and stop working from your couch (which
                <em>
                 will
                </em>
                ruin your back).
               </p>
               <p style="font-size: 15px; line-height: 140%; margin: 5px 0px 10px;">
                <strong>
                 Back-Having #2:
                </strong>
                If your boss doesn’t bite -- or just needs another “proof point to win over the finance department” -- Fully is also
                <a style="-webkit-text-fill-color: #d62829; color: #d62829; text-decoration: none;">
                 running a huge sale on chairs
                </a>
                , which, again, are
                <em>
                 much
                </em>
                better for your body.
               </p>
               <p style="font-size: 15px; line-height: 140%; margin: 5px 0px 10px;">
                When was the last time someone cared about your back this much?
               </p>
               <p style="font-size: 15px; line-height: 140%; margin: 5px 0px 10px;">
                We rest our case.
               </p>
               <p style="font-size: 15px; line-height: 140%; margin: 5px 0px 10px;">
                Check out
                <a style="-webkit-text-fill-color: #d62829; color: #d62829; text-decoration: none;">
                 Fully’s 15% off chair sale right here
                </a>
                (but not before you forward your boss
                <a style="-webkit-text-fill-color: #d62829; color: #d62829; text-decoration: none;">
                 the letter
                </a>
                ).
               </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;">
                Shop Fully →
               </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>
           <td style="color: #D62829; font-size: 16px; font-weight: bold; letter-spacing: 1.5px; padding: 10px 3px 0px; text-transform: uppercase;">
            TRENDS
           </td>
          </tr>
          <tr id="image">
           <td class="h2020 ignore-defaults" style="padding: 0px 3px;">
            <center>
             <a style="color: #d62829; text-decoration: none;">
              <img src="https://inboxflows.com/_/image/https%253A%252F%252Fthdaily.s3-us-west-1.amazonaws.com%252Funicorn_20201005015358.png/?inbox_flows_img_sig=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZ0aGRhaWx5LnMzLSJ9:1kXMGd:5S4JUVhg8Q2Y7ywdfIarq35JmAHAI9gtmVS-P5_puSc" style="height: auto; max-width: 600px; padding: 15px 0 0; width: 100%;" width="600"/>
             </a>
            </center>
           </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>
              A minicorn and unicorn have a baby...
             </strong>
            </h2>
            <p style="font-size: 15px; line-height: 140%; margin: 5px 0px 10px;">
             In 2017, when President Emmanuel Macron came to power, 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;">
             Just three years later, funding for French tech startups has reached an all-time high of over $4.3B. In a recent Trends report, we cover 6+ French
             <em>
              <strong>
               soonicorns
              </strong>
             </em>
             , AKA Macron’s likely bets to become the country’s next billion-dollar companies.
             <a style="-webkit-text-fill-color: #d62829; color: #d62829; text-decoration: none;">
              Join Trends today
             </a>
             to get access to the full brief on:
            </p>
            <p style="font-size: 15px; line-height: 140%; margin: 5px 0px 10px;">
             🏡 Which industry has seen a 2,297% increase in funding in just 2 years
            </p>
            <p style="font-size: 15px; line-height: 140%; margin: 5px 0px 10px;">
             📱 The “super apps” that have swept Europe
            </p>
            <p style="font-size: 15px; line-height: 140%; margin: 5px 0px 10px;">
             🛴 The micro-mobility company that leveraged post-COVID trends to raise $93.6M
            </p>
            <p style="font-size: 15px; line-height: 140%; margin: 5px 0px 10px;">
             ✈️ How companies are rethinking socially distant tourism
            </p>
            <p style="font-size: 15px; line-height: 140%; margin: 5px 0px 10px;">
             📈 The index significantly outpacing the SPX this year, while focusing on social and environmental responsibility
            </p>
            <p style="font-size: 15px; line-height: 140%; margin: 5px 0px 10px;">
             🐜 The company trading in petrochemicals for insect castings, to disrupt a $10B market.
            </p>
            <p style="font-size: 15px; line-height: 140%; margin: 5px 0px 10px;">
             Get access to this report and dozens of others, with
             <a style="-webkit-text-fill-color: #d62829; color: #d62829; text-decoration: none;">
              your $1 Trends trial
             </a>
             .
            </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;">
             🦄 Get access for $1 🦄 →
            </a>
           </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>
           <td style="color: #D62829; font-size: 16px; font-weight: bold; letter-spacing: 1.5px; padding: 10px 3px 0px; text-transform: uppercase;">
            JOBS
           </td>
          </tr>
          <tr id="job listings">
           <td class="h2020 ignore-defaults" style="padding: 15px 3px 0px;">
            <h4 style="font-size: 17px; height: 100%; letter-spacing: 0px; line-height: 22px; margin: 0px; padding-top: 8px;">
             <a style="color: #d62829; text-decoration: none;">
              <strong>
               Account Executive,
              </strong>
              <em>
               <strong>
                Fyllo
               </strong>
              </em>
             </a>
             <strong>
              :
             </strong>
            </h4>
            <p style="font-size: 15px; line-height: 140%; margin: 5px 0px 10px;">
             This digital advertising firm is looking for an experienced AE to wrangle new clients. Yeehaw.
            </p>
            <h4 style="font-size: 17px; height: 100%; letter-spacing: 0px; line-height: 22px; margin: 0px; padding-top: 8px;">
             <a style="color: #d62829; text-decoration: none;">
              <strong>
               Marketing Lead,
              </strong>
              <em>
               <strong>
                Feeld
               </strong>
              </em>
             </a>
             <strong>
              :
             </strong>
            </h4>
            <p style="font-size: 15px; line-height: 140%; margin: 5px 0px 10px;">
             Ever want to work for a super sexy dating app? Here’s your chance.
            </p>
            <h4 style="font-size: 17px; height: 100%; letter-spacing: 0px; line-height: 22px; margin: 0px; padding-top: 8px;">
             <a style="color: #d62829; text-decoration: none;">
              <strong>
               Marketing Operations Manager,
              </strong>
              <em>
               <strong>
                SevenFifty
               </strong>
              </em>
             </a>
             <strong>
              :
             </strong>
            </h4>
            <p style="font-size: 15px; line-height: 140%; margin: 5px 0px 10px;">
             This CRM software company is scaling, and it’s looking for a stakeholder to focus on data governance. Could it be you?
            </p>
            <h4 style="font-size: 17px; height: 100%; letter-spacing: 0px; line-height: 22px; margin: 0px; padding-top: 8px;">
             <a style="color: #d62829; text-decoration: none;">
              <strong>
               Content Strategist,
              </strong>
              <em>
               <strong>
                Clerky
               </strong>
              </em>
             </a>
             <strong>
              :
             </strong>
            </h4>
            <p style="font-size: 15px; line-height: 140%; margin: 5px 0px 10px;">
             Can you write the blog post-ess with the mostess? Read on.
            </p>
            <h4 style="font-size: 17px; height: 100%; letter-spacing: 0px; line-height: 22px; margin: 0px; padding-top: 8px;">
             <a style="color: #d62829; text-decoration: none;">
              <strong>
               Social Media Manager,
              </strong>
              <em>
               <strong>
                GameChanger
               </strong>
              </em>
             </a>
             <strong>
              :
             </strong>
            </h4>
            <p style="font-size: 15px; line-height: 140%; margin: 5px 0px 10px;">
             Hey there, sport. Here’s your chance to spend your days talking about youth baseball.
            </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;">
             See more →
            </a>
           </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 class="h2020 intro ignore-defaults" style="display: block; min-width: 320px; padding: 0px;">
            <table style="top: 10px; width: 100%;">
             <tr>
              <td style="padding: 0px;">
               <table style="border-spacing: 0px; width: 100%;">
                <tr>
                 <td style="color: #da2829; font-size: 16px; font-weight: bold; letter-spacing: 1.5px; padding: 0px 3px 15px; text-transform: uppercase;">
                  SHARE THE HUSTLE
                 </td>
                </tr>
                <tr id="top copy">
                 <td class="h2020 ignore-defaults" style="padding: 0px 3px;">
                  <p style="font-size: 15px; line-height: 140%; margin: 5px 0px 0px; padding-bottom: 10px;">
                   <strong>
                    GIVEAWAY:
                   </strong>
                   Share The Hustle for a chance to win a MacBook Pro
                  </p>
                 </td>
                </tr>
                <tr>
                 <td class="h2020 intro ignore-defaults">
                  <a style="color: #d62829; text-decoration: none;" target="_blank">
                   <img alt="Ambassador Rewards" src="https://inboxflows.com/_/image/https%253A%252F%252Fthdaily.s3-us-west-1.amazonaws.com%252Ftrends_macbookpro_giveaway-email_20201001012732.png/?inbox_flows_img_sig=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZ0aGRhaWx5LnMzLSJ9:1kXMGd:5S4JUVhg8Q2Y7ywdfIarq35JmAHAI9gtmVS-P5_puSc" style="height: auto; padding: 10px 0 6px; width: 100%;"/>
                  </a>
                 </td>
                </tr>
                <tr id="Bottom copy">
                 <td class="h2020 ignore-defaults" style="padding: 5px 3px 0px;">
                  <p style="font-size: 15px; line-height: 140%; margin: 5px 0px 0px; padding-bottom: 10px;">
                   Every referral you get gives you an additional entry in the giveaway. Here’s a message you can use to share with your friends:
                  </p>
                 </td>
                </tr>
                <tr id="Bottom copy">
                 <td class="h2020 ignore-defaults" style="padding: 5px 13px 0px;">
                  <p style="font-size: 15px; line-height: 140%; margin: 5px 0px 0px; padding-bottom: 10px;">
                   Hey! Do you read The Hustle? It’s the best daily business newsletter out there -- only takes 5 minutes to read. They're running a giveaway today so if you sign up using my link, we're both entered to win a MacBook Pro. Sign up here, it’s free: https://thehustle.co/?ref=950fce10a7
                  </p>
                 </td>
                </tr>
                <tr>
                 <td align="center" style="padding: 8px 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">
                   Share to Win →
                  </a>
                 </td>
                </tr>
               </table>
              </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: 15px;">
           </td>
          </tr>
          <tr>
           <td style="padding-bottom: 0px;">
           </td>
          </tr>
          <tr style="display: block; padding-top: 0px;">
           <td style="display: block; min-width: 330px; padding: 0px; width: 100%;">
            <table style="font-weight: 600; padding: 0px 20px; text-align: center; width: 100%;">
             <tr>
              <td align="center" style="padding-bottom: 10px; text-align: center;">
               <span style="font-size: 16px; font-weight: bold; letter-spacing: .5px;">
                How did you like today’s email?
               </span>
              </td>
             </tr>
             <tr style="color: #D62829; letter-spacing: .2px;">
              <td style="display: inline-block;">
               <a data-tags="feedback frowny" style="color: #ff5a41; text-decoration: none;">
                <img src="https://inboxflows.com/_/image/https%253A%252F%252Fthdaily.s3-us-west-1.amazonaws.com%252Fhate_20191016174739.gif/?inbox_flows_img_sig=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZ0aGRhaWx5LnMzLSJ9:1kXMGd:5S4JUVhg8Q2Y7ywdfIarq35JmAHAI9gtmVS-P5_puSc" style="height: 35px; padding: 0px 10px 10px; width: auto;"/>
               </a>
               <br/>
               hate it
              </td>
              <td style="display: inline-block;">
               <a data-tags="feedback meh" style="color: #ff5a41; text-decoration: none;">
                <img src="https://inboxflows.com/_/image/https%253A%252F%252Fthdaily.s3-us-west-1.amazonaws.com%252Fmeh_20191016175602.gif/?inbox_flows_img_sig=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZ0aGRhaWx5LnMzLSJ9:1kXMGd:5S4JUVhg8Q2Y7ywdfIarq35JmAHAI9gtmVS-P5_puSc" style="height: 35px; padding: 0px 10px 10px; width: auto;"/>
               </a>
               <br/>
               meh
              </td>
              <td style="display: inline-block;">
               <a data-tags="feedback smiley" style="color: #ff5a41; text-decoration: none;">
                <img src="https://inboxflows.com/_/image/https%253A%252F%252Fthdaily.s3-us-west-1.amazonaws.com%252Flove_20191016175447.gif/?inbox_flows_img_sig=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZ0aGRhaWx5LnMzLSJ9:1kXMGd:5S4JUVhg8Q2Y7ywdfIarq35JmAHAI9gtmVS-P5_puSc" style="height: 35px; padding: 0px 10px 10px; width: auto;"/>
               </a>
               <br/>
               love it
              </td>
             </tr>
            </table>
           </td>
          </tr>
          <tr>
           <td style="padding-bottom: 15px;">
           </td>
          </tr>
          <tr>
           <td style="border-bottom-color: #dddddd; border-bottom-style: solid; border-bottom-width: 1px;">
           </td>
          </tr>
          <tr>
           <td align="center" style="border-top-color: #dddddd; border-top-style: solid; border-top-width: 1px; margin: 0; padding: 15px 0; text-align: center;">
            Today's email was brought to you by Michael Waters, Caroline Dohack, and Trung Phan.
            <br/>
            Editing by: Zachary "MD/PhD" Crockett, Martina Neverturnover (Director of Cold Weather Starting).
            <table style="width: 100%;">
             <tbody>
              <tr>
               <td align="center" style="display: inline-block; padding: 20px 0; text-align: center;">
                <a style="color: #000000; font-size: 15px; font-weight: bold; padding: 0 8px; text-decoration: none; white-space: nowrap;">
                 PODCAST
                </a>
               </td>
               <td align="center" style="display: inline-block; padding: 5px 0; text-align: center;">
                <a style="color: #000000; font-size: 15px; font-weight: bold; padding: 0 8px; text-decoration: none; white-space: nowrap;">
                 JOBS
                </a>
               </td>
               <td align="center" style="display: inline-block; padding: 5px 0; text-align: center;">
                <a style="color: #000000; font-size: 15px; font-weight: bold; padding: 0 8px; text-decoration: none; white-space: nowrap;">
                 ADVERTISE
                </a>
               </td>
               <td align="center" style="display: inline-block; padding: 5px 0; text-align: center;">
                <a style="color: #000000; font-size: 15px; font-weight: bold; padding: 0 8px; text-decoration: none; white-space: nowrap;">
                 CONTACT US
                </a>
               </td>
              </tr>
              <tr>
               <td align="center" style="display: inline-block; font-size: 16px; font-weight: bold; line-height: 120%; padding: 10px 10px 5px; text-align: center;">
                <a style="color: #ed4d1f; text-decoration: none;">
                 <img alt="Facebook" src="https://inboxflows.com/_/image/https%253A%252F%252Fthdaily.s3-us-west-1.amazonaws.com%252F1_fb_20200518215936.png/?inbox_flows_img_sig=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZ0aGRhaWx5LnMzLSJ9:1kXMGd:5S4JUVhg8Q2Y7ywdfIarq35JmAHAI9gtmVS-P5_puSc"/>
                </a>
               </td>
               <td align="center" style="display: inline-block; font-family: 'Helvetica',sans-serif; font-size: 16px; font-weight: bold; line-height: 120%; padding: 10px 10px 5px; text-align: center;">
                <a style="color: #ed4d1f; text-decoration: none;">
                 <img alt="Youtube" src="https://inboxflows.com/_/image/https%253A%252F%252Fthdaily.s3-us-west-1.amazonaws.com%252F1_yt_20200518220123.png/?inbox_flows_img_sig=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZ0aGRhaWx5LnMzLSJ9:1kXMGd:5S4JUVhg8Q2Y7ywdfIarq35JmAHAI9gtmVS-P5_puSc"/>
                </a>
               </td>
               <td align="center" style="display: inline-block; font-family: 'Helvetica',sans-serif; font-size: 16px; font-weight: bold; line-height: 120%; padding: 10px 10px 5px; text-align: center;">
                <a style="color: #ed4d1f; text-decoration: none;">
                 <img alt="Instagram" src="https://inboxflows.com/_/image/https%253A%252F%252Fthdaily.s3-us-west-1.amazonaws.com%252F1_Insta_20200518220042.png/?inbox_flows_img_sig=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZ0aGRhaWx5LnMzLSJ9:1kXMGd:5S4JUVhg8Q2Y7ywdfIarq35JmAHAI9gtmVS-P5_puSc"/>
                </a>
               </td>
               <td align="center" style="display: inline-block; font-family: 'Helvetica',sans-serif; font-size: 16px; font-weight: bold; line-height: 120%; padding: 10px 10px 5px; text-align: center;">
                <a style="color: #ed4d1f; text-decoration: none;">
                 <img alt="Trends" src="https://inboxflows.com/_/image/https%253A%252F%252Fthdaily.s3-us-west-1.amazonaws.com%252F1_Trends_20200518220103.png/?inbox_flows_img_sig=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZ0aGRhaWx5LnMzLSJ9:1kXMGd:5S4JUVhg8Q2Y7ywdfIarq35JmAHAI9gtmVS-P5_puSc"/>
                </a>
               </td>
              </tr>
             </tbody>
            </table>
           </td>
          </tr>
          <tr>
           <td align="center" style="border-bottom-style: solid; border-bottom-width: 0; font-size: 10px; font-weight: bold; letter-spacing: 0.5px; line-height: 120%; padding: 4px; text-align: center;">
            251 KEARNY ST. STE 300, SAN FRANCISCO, CA 94108, UNITED STATES • 415.506.7210
           </td>
          </tr>
          <tr class="hidethis">
           <td align="center" role="module-content" style="color: #a9a9a9; font-size: 12px; line-height: 120%; margin: 0; padding: 10px 0px; text-align: center;" valign="top">
            Never want to hear from us again? Break our hearts and
            <a style="color: #a9a9a9; text-decoration: underline;">
             unsubscribe
            </a>
            .
           </td>
          </tr>
          <tr>
           <td align="center" style="padding: 20px 0px; text-align: center;">
            <center>
             <span style="display: block; float: none; text-align: center;">
              <a style="color: #d62829; text-decoration: none;">
               <img alt="The Hustle" height="22" src="https://inboxflows.com/_/image/https%253A%252F%252Fthdaily.s3-us-west-1.amazonaws.com%252FThe_Hustle_glow_20200518211036.png/?inbox_flows_img_sig=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZ0aGRhaWx5LnMzLSJ9:1kXMGd:5S4JUVhg8Q2Y7ywdfIarq35JmAHAI9gtmVS-P5_puSc" style="height: 22px; width: 100px;" width="100"/>
              </a>
             </span>
            </center>
           </td>
          </tr>
         </tbody>
        </table>
        <!--[if (gte mso 9)|(IE)]></td> </tr> </table><![endif]-->
       </td>
      </tr>
     </tbody>
    </table>
   </div>
  </center>
 </body>
</html>