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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: The future of the tampon.
</span>
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<table style="width: 100%;">
<tr>
<td class="h2020 intro ignore-defaults" style="font-size: 15px; padding: 0px;">
<table style="width: 100%; border-spacing: 0px;">
<tr>
<td class="h2020 intro ignore-defaults" style="font-size: 15px; padding: 0px 10px;">
<p style="padding-bottom: 10px; font-size: 15px; line-height: 140%; margin: 5px 0px 0px;">
If you like cars, luxury fashion, and collectors’ items, we’ve got news for you. The 2023 Mercedes-Maybach S680 is a sedan designed by Virgil Abloh, the late fashion designer and creative director of Louis Vuitton. Only 150 units will be produced, and the cost is expected to exceed $200k.
</p>
<p style="padding-bottom: 10px; font-size: 15px; line-height: 140%; margin: 5px 0px 0px;">
<strong>
In today’s email:
</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>
Scooters:
</strong>
Is scooter-sharing back?
</li>
<li style="font-size: 15px; line-height: 140%; margin: 0 0 0 15px; padding: 0px;">
<strong>
Chart:
</strong>
Golf taps into the blockchain.
</li>
<li style="font-size: 15px; line-height: 140%; margin: 0 0 0 15px; padding: 0px;">
<strong>
Tampons:
</strong>
Why a startup redesigned them.
</li>
<li style="font-size: 15px; line-height: 140%; margin: 0 0 0 15px; padding: 0px;">
<strong>
Around the web:
</strong>
Art as cake, a wildfire camera network, a brewery finder, and more cool internet finds.
</li>
</ul>
</td>
</tr>
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🎧 On the go?
<a style="color: #192733; text-decoration: underline !important;">
Listen to today’s quick podcast
</a>
to hear Zack and Juliet talk about changes in transit and tampons, Netflix’s big win, and recycling buildings.
</p>
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</tr>
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<td class="h2020 ignore-defaults" style="padding-top: 10px;">
</td>
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</td>
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<td style="color: #bF2434; font-size: 16px; font-weight: bold; letter-spacing: 1.5px; text-transform: uppercase; padding: 0px 0px 10px;">
The big idea
</td>
</tr>
<tr>
<td style="padding: 0 0 1px;">
<a style="color: #192733; text-decoration: underline !important;">
<img alt="scootering" src="https://inboxflows.com/_/image/https%253A%252F%252Fmedia.sailthru.com%252Fcomposer%252Fimages%252Fsailthru-prod-6ks%252Fscooter.gif/?inbox_flows_img_sig=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZtZWRpYS5zYWlsdCJ9:1nwMYZ:ed_kN7rDUl5VCdiSZMM7dabef7XhqciZ2QB0MmWZZxA" style="height: auto; width: 100%; max-width: 600px;" width="600"/>
</a>
</td>
</tr>
<tr>
<td>
<h2 style="font-family: 'Oswald', 'Roboto', helvetica, sans-serif; font-size: 22px; line-height: 26px; font-weight: bold; margin: 10px 0px 5px;">
Is scooter-sharing back?
</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;">
In 2018, scooter-sharing looked like the hottest investment in VC, and Bird vs. Lime appeared to be the sidewalk version of Uber vs. Lyft.
</p>
<p style="font-size: 15px; line-height: 140%; margin: 5px 0px 10px;">
Then, 2020 happened.
</p>
<p style="font-size: 15px; line-height: 140%; margin: 5px 0px 10px;">
After taking a nosedive in the early days of the pandemic, shared scooter usage is
<a style="color: #192733; text-decoration: underline !important;">
bouncing back
</a>
in 2022, per
<em>
Bloomberg
</em>
.
</p>
<h4 style="font-size: 17px; height: 100%; letter-spacing: 0px; line-height: 22px; padding-top: 8px; margin: 0px;">
<strong>
In April of 2019…
</strong>
</h4>
<p style="font-size: 15px; line-height: 140%; margin: 5px 0px 10px;">
… Lime and Bird were riding high, with 7.3m and 2.1m active users, respectively. A year later, and a month into the pandemic, both companies saw active users drop over 70%, leading them to cut back:
</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>
Bird
</strong>
<a style="color: #192733; text-decoration: underline !important;">
laid off 30%
</a>
of its workforce and paused service in
<a style="color: #192733; text-decoration: underline !important;">
27+ cities
</a>
</li>
<li style="font-size: 15px; line-height: 140%; margin: 0 0 0 15px; padding: 0px;">
<strong>
Lime
</strong>
<a style="color: #192733; text-decoration: underline !important;">
laid off 13%
</a>
of its workforce and paused service in 100+ cities
</li>
</ul>
<p style="font-size: 15px; line-height: 140%; margin: 5px 0px 10px;">
Usage started creeping back up in 2021, setting the stage for a full-on scooter resurgence in 2022. This April:
</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>
Bird
</strong>
had 2.6m active users (more than pre-pandemic)
</li>
<li style="font-size: 15px; line-height: 140%; margin: 0 0 0 15px; padding: 0px;">
<strong>
Lime
</strong>
had 5m active users (~70% of its 2019 total)
</li>
</ul>
<h4 style="font-size: 17px; height: 100%; letter-spacing: 0px; line-height: 22px; padding-top: 8px; margin: 0px;">
<strong>
Both companies…
</strong>
</h4>
<p style="font-size: 15px; line-height: 140%; margin: 5px 0px 10px;">
… have found themselves in a very different world than pre-2020. More urban workers are considering scooters amid rising fuel prices. Lime says its number of trips in Q1 rose 75% YoY.
</p>
<p style="font-size: 15px; line-height: 140%; margin: 5px 0px 10px;">
Additionally, the two scooter startups have increasingly pivoted their marketing to highlight their status as sustainable alternatives to conventional transportation.
</p>
<p style="font-size: 15px; line-height: 140%; margin: 5px 0px 10px;">
There’s another silver lining to the last couple years. Per Lime CEO Wayne Ting, “When people change their transportation routines, usually it’s because they move homes or change jobs.”
</p>
<p style="font-size: 15px; line-height: 140%; margin: 5px 0px 10px;">
In other words, the
<a style="color: #192733; text-decoration: underline !important;" target="_blank">
Great Resignation
</a>
could be fueling the great scooter renaissance.
</p>
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SNIPPETS
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<strong>
Rough ride:
</strong>
A new report highlights a
<a style="color: #192733; text-decoration: underline !important;">
challenging landscape
</a>
for Uber and Lyft. The average fare is at an all-time high, and collectively, the companies had 20% fewer riders and 35% fewer trips in Q1 compared to Q1 2019.
</p>
<p style="font-size: 15px; line-height: 160%; margin: 5px 0px 10px;">
<strong>
Priced out:
</strong>
New data
<a style="color: #192733; text-decoration: underline !important;">
shows
</a>
home prices jumped 20% YoY in March, according to the S&P CoreLogic Case-Shiller Home Price Index. The rise marks the highest jump in the index’s 35 years of data collection.
</p>
<p style="font-size: 15px; line-height: 160%; margin: 5px 0px 10px;">
<strong>
No cashiers:
</strong>
Dollar General is going big on self-checkout. The discount chain is
<a style="color: #192733; text-decoration: underline !important;">
piloting
</a>
self-checkout units as its sole payment method in ~200 of its 18k+ stores, and plans to have self-checkout machines in 11k stores by year’s end.
</p>
<p style="font-size: 15px; line-height: 160%; margin: 5px 0px 10px;">
<strong>
A Google for audio content
</strong>
is sorely missing from the world.
<a style="color: #192733; text-decoration: underline !important;">
Access
</a>
our Trends research report on the upcoming audio search engine overhaul, and where the market gaps still remain.
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We want
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Hey —
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enjoy getting quick updates on what you care about?
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chart
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<td style="padding: 0 0 1px;">
<a style="color: #192733; text-decoration: underline !important;">
<img alt="search interest for how to play golf" src="https://inboxflows.com/_/image/https%253A%252F%252Fmedia.sailthru.com%252Fcomposer%252Fimages%252Fsailthru-prod-6ks%252Fgolf_graphic.png/?inbox_flows_img_sig=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZtZWRpYS5zYWlsdCJ9:1nwMYZ:ed_kN7rDUl5VCdiSZMM7dabef7XhqciZ2QB0MmWZZxA" style="height: auto; width: 100%; max-width: 600px;" width="600"/>
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Singdhi Sokpo
</p>
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<h2 style="font-family: 'Oswald', 'Roboto', helvetica, sans-serif; font-size: 22px; line-height: 26px; font-weight: bold; margin: 10px 0px 5px;">
Golf taps into the blockchain
</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;">
In 2021,
<a style="color: #192733; text-decoration: underline !important;">
<strong>
37.5m
</strong>
</a>
Americans played golf across courses, driving ranges, indoor simulators, and entertainment venues like Topgolf.
</p>
<p style="font-size: 15px; line-height: 140%; margin: 5px 0px 10px;">
That includes a record number of newcomers —
<strong>
3.2m
</strong>
— who played for the first time, as the PGA Tour jumps on funny
<a style="color: #192733; text-decoration: underline !important;">
TikTok trends
</a>
and works on a
<a style="color: #192733; text-decoration: underline !important;">
Netflix docuseries
</a>
.
</p>
<h4 style="font-size: 17px; height: 100%; letter-spacing: 0px; line-height: 22px; padding-top: 8px; margin: 0px;">
<strong>
And Callaway is leading the way
</strong>
</h4>
<p style="font-size: 15px; line-height: 140%; margin: 5px 0px 10px;">
Last year, the company took over Topgolf in a
<a style="color: #192733; text-decoration: underline !important;">
<strong>
$2.6B
</strong>
</a>
merger.
</p>
<p style="font-size: 15px; line-height: 140%; margin: 5px 0px 10px;">
It’s also
<a style="color: #192733; text-decoration: underline !important;">
launching
</a>
a partnership with LinksDAO, an exclusive crypto community of golf enthusiasts whose stated
<a style="color: #192733; text-decoration: underline !important;">
goals
</a>
are “reimagining the modern golf and leisure club,” and, “We are going to buy a golf course.”
</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;">
It’s kinda like the time people
<a style="color: #192733; text-decoration: underline !important;">
tried to buy
</a>
the US constitution, except much more likely.
</li>
</ul>
<p style="font-size: 15px; line-height: 140%; margin: 5px 0px 10px;">
<strong>
Big picture:
</strong>
Like many sports, golf is diversifying across entertainment and tech, and it’s attracting new blood into the mix as a result.
</p>
</td>
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Free Resource
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Can you work a spreadsheet?
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Those with next-level Microsoft Excel skills are revered at
<em>
The Hustle
</em>
.
</p>
<p style="font-size: 15px; line-height: 140%; margin: 5px 0px 10px;">
As they well should be. (Looking at you, Scott.)
</p>
<p style="font-size: 15px; line-height: 140%; margin: 5px 0px 10px;">
Spreadsheets are one of the great tools for business professionals. Absolute gold for organization, productivity, and blessing your colleagues with that clean feeling of gazing at a well-trimmed lawn.
</p>
<h4 style="font-size: 17px; height: 100%; letter-spacing: 0px; line-height: 22px; padding-top: 8px; margin: 0px;">
<strong>
Take the free
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You can master spreadsheet fundamentals much quicker than you think.
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From functions to formulas to formatting to filters… Good god, this HubSpot Academy blueprint has it all. In great depth.
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Start turning raw data into everything you’ve ever wanted.
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Flow State
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<a style="color: #192733; text-decoration: underline !important;">
<img alt="tampons" src="https://inboxflows.com/_/image/https%253A%252F%252Fmedia.sailthru.com%252Fcomposer%252Fimages%252Fsailthru-prod-6ks%252Ftampons.png/?inbox_flows_img_sig=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZtZWRpYS5zYWlsdCJ9:1nwMYZ:ed_kN7rDUl5VCdiSZMM7dabef7XhqciZ2QB0MmWZZxA" style="height: auto; width: 100%; max-width: 600px;" width="600"/>
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<h2 style="font-family: 'Oswald', 'Roboto', helvetica, sans-serif; font-size: 22px; line-height: 26px; font-weight: bold; margin: 10px 0px 5px;">
This startup re-engineered the tampon
</h2>
</td>
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<tr>
<td class="h2020 ignore-defaults" style="padding: 5px 0px 0px;">
<p style="font-size: 15px; line-height: 140%; margin: 5px 0px 10px;">
Even if you don’t use them, you’re probably aware that tampons can leak at inopportune times. That’s why Greta Meyer and Amanda Calabrese founded Sequel.
</p>
<h4 style="font-size: 17px; height: 100%; letter-spacing: 0px; line-height: 22px; padding-top: 8px; margin: 0px;">
<strong>
Well, sort of…
</strong>
</h4>
<p style="font-size: 15px; line-height: 140%; margin: 5px 0px 10px;">
Meyer and Calabrese met while studying product design engineering at Stanford, where Meyer played lacrosse in an all-white uniform and Calabrese competed in
<a style="color: #192733; text-decoration: underline !important;">
lifesaving
</a>
(AKA lifeguarding as a sport). So, yeah, no patience for leaky tampons.
</p>
<p style="font-size: 15px; line-height: 140%; margin: 5px 0px 10px;">
The pair knew they wanted to create a better menstrual product of some sort, but narrowed their focus after their research found
<a style="color: #192733; text-decoration: underline !important;">
~70%
</a>
of US women use tampons.
</p>
<h4 style="font-size: 17px; height: 100%; letter-spacing: 0px; line-height: 22px; padding-top: 8px; margin: 0px;">
<strong>
How is Sequel different?
</strong>
</h4>
<p style="font-size: 15px; line-height: 140%; margin: 5px 0px 10px;">
Per Meyer, most tampons have vertical channels that allow them to expand from the core to the outside as they fill with liquid.
</p>
<p style="font-size: 15px; line-height: 140%; margin: 5px 0px 10px;">
“What we found is that that was actually contributing to a high prevalence of bypass leakage,” Meyer told
<em>
The Hustle
</em>
.
</p>
<p style="font-size: 15px; line-height: 140%; margin: 5px 0px 10px;">
Basically, the tampons absorbed unevenly and leaked before they were full.
</p>
<p style="font-size: 15px; line-height: 140%; margin: 5px 0px 10px;">
Sequel’s grooves are spiral, lengthening the flow path. Why?
</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;">
“The spiral slows the flow,” Meyer says
</li>
<li style="font-size: 15px; line-height: 140%; margin: 0 0 0 15px; padding: 0px;">
Absorption is more even, reducing leaks as well as discomfort caused by dry spots during removal
</li>
<li style="font-size: 15px; line-height: 140%; margin: 0 0 0 15px; padding: 0px;">
A higher percentage of each tampon is used
</li>
</ul>
<h4 style="font-size: 17px; height: 100%; letter-spacing: 0px; line-height: 22px; padding-top: 8px; margin: 0px;">
<strong>
Why hasn’t anyone ‘re-engineered’ the tampon before?
</strong>
</h4>
<p style="font-size: 15px; line-height: 140%; margin: 5px 0px 10px;">
There are newer D2C brands offering tampons made from
<a style="color: #192733; text-decoration: underline !important;">
organic cotton
</a>
or
<a style="color: #192733; text-decoration: underline !important;">
infused with CBD
</a>
, but the US tampon industry isn’t easy to break into because tampons are a medical device that must be FDA-approved.
</p>
<p style="font-size: 15px; line-height: 140%; margin: 5px 0px 10px;">
Calabrese also thinks complacency plays a role.
</p>
<p style="font-size: 15px; line-height: 140%; margin: 5px 0px 10px;">
“We found that women blame themselves [for leaks],” she said. “If women have no idea [that tampons] should be better… how are we ever going to innovate?”
</p>
<p style="font-size: 15px; line-height: 140%; margin: 5px 0px 10px;">
Sequel is expected to hit the market in a few months, pending FDA approval.
</p>
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📰
<strong>
On this day:
</strong>
In 1980, CNN became the
<a style="color: #192733; text-decoration: underline !important;">
first
</a>
24-hour news network. Its first lead story was about the attempted assassination of civil rights activist
<a style="color: #192733; text-decoration: underline !important;">
Vernon Jordan
</a>
in Indiana.
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<p style="font-size: 15px; line-height: 140%; margin: 5px 0px 10px;">
🍺
<strong>
Useful:
</strong>
If you enjoy beer, use
<a style="color: #192733; text-decoration: underline !important;">
this site
</a>
to help you find a cool brewery.
</p>
<p style="font-size: 15px; line-height: 140%; margin: 5px 0px 10px;">
🎂
<strong>
Haha:
</strong>
The Blanton Museum of Art in Austin, Texas,
<a style="color: #192733; text-decoration: underline !important;">
challenged
</a>
bakers to recreate any of its 21k works of art as cake. See the entries
<a style="color: #192733; text-decoration: underline !important;">
here
</a>
.
</p>
<p style="font-size: 15px; line-height: 140%; margin: 5px 0px 10px;">
🔥
<strong>
That’s interesting:
</strong>
The ALERTWildfire’s
<a style="color: #192733; text-decoration: underline !important;">
network
</a>
of ~1k cameras in seven western US states and Australia allows anyone to watch for wildfires.
</p>
<p style="font-size: 15px; line-height: 140%; margin: 5px 0px 10px;">
☝️
<strong>
Aww:
</strong>
And now, could we interest you in a game of
<a style="color: #192733; text-decoration: underline !important;">
whack-a-finger
</a>
?
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<td style="color: #bF2434; font-size: 16px; font-weight: bold; letter-spacing: 1.5px; text-transform: uppercase; padding: 5px 2px 15px;">
Meme
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A lovely nostalgic experience. (Source:
<a rel="noopener" style="color: #192733; text-decoration: underline !important;" target="_blank">
imgflip.com
</a>
)
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3 years ago - news@thehustle.co
🛴 The scooter resurgence, explained
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