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PLUS: A Q&A with Liquid Death’s Mike Cessario
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October 26, 2020
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TOGETHER WITH
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Well, we F'd up big time. See, we rely heavily on our amazing advertisers to bring this email to you every day but last week our tech broke, and we weren't able to track data for one of our biggest advertisers ever --
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WeTransfer.
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Would you help us make good with them and click
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here
</a>
to check out how their tools help move ideas? Zack's been working on a huge project with them and we'd love to show them some appreciation for helping us bring The Daily to life.
</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;">
<img alt="Snap logo" src="https://inboxflows.com/_/image/https%253A%252F%252Fsailthru-media.s3.amazonaws.com%252Fcomposer%252Fimages%252Fsailthru-prod-6ks%252Fsnap_gif.gif/?inbox_flows_img_sig=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZzYWlsdGhydS1tZSJ9:1kXMA6:wie3Si2nUm4eNY8ldwt32_J38x5BWn9jwlmNQAbgZII" style="height: auto; max-width: 600px; width: 100%;" width="600"/>
</td>
</tr>
<tr>
<td>
<h2 style="font-size: 22px; font-weight: bold; line-height: 26px; margin: 10px 0px 5px;">
Snap’s long road back from the brink
</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;">
Snap has been on a wild ride as a public company.
</p>
<p style="font-size: 15px; line-height: 140%; margin: 5px 0px 10px;">
The first few years after its 2017 public debut, the company was mired in declining user growth due in part to the most egregious rip-off in recent corporate history:
<a style="-webkit-text-fill-color: #d62829; color: #d62829; text-decoration: none;">
IG Stories
</a>
.
</p>
<p style="font-size: 15px; line-height: 140%; margin: 5px 0px 10px;">
This was followed by Snap’s short-lived
<a style="-webkit-text-fill-color: #d62829; color: #d62829; text-decoration: none;">
<em>
Spectacles
</em>
</a>
experiment.
</p>
<p style="font-size: 15px; line-height: 140%; margin: 5px 0px 10px;">
Things got real weird in mid-2018: amid dismal stock performance, the company held a shareholder
<a style="-webkit-text-fill-color: #d62829; color: #d62829; text-decoration: none;">
meeting
</a>
that lasted 166 seconds (LOL).
</p>
<h4 style="font-size: 17px; height: 100%; letter-spacing: 0px; line-height: 22px; margin: 0px; padding-top: 8px;">
<strong>
The pandemic looked to worsen matters
</strong>
</h4>
<p style="font-size: 15px; line-height: 140%; margin: 5px 0px 10px;">
Initially, advertisers cut spending, dimming the outlook for social media companies. But more time at home has meant more time for devices and -- with big advertisers leaving
<a style="-webkit-text-fill-color: #d62829; color: #d62829; text-decoration: none;">
Facebook
</a>
-- Snap was primed to benefit.
</p>
<p style="font-size: 15px; line-height: 140%; margin: 5px 0px 10px;">
And it did.
</p>
<p style="font-size: 15px; line-height: 140%; margin: 5px 0px 10px;">
Last Tuesday, Snap
<a style="-webkit-text-fill-color: #d62829; color: #d62829; text-decoration: none;">
reported
</a>
+52% YoY revenue growth, with a +18% YoY uptick in daily active users to ~250m.
</p>
<p style="font-size: 15px; line-height: 140%; margin: 5px 0px 10px;">
$SNAP rose 50%+ last week on the news and the company -- which was worth less than $7B in late 2018 -- sports a market cap of $64B.
</p>
<h4 style="font-size: 17px; height: 100%; letter-spacing: 0px; line-height: 22px; margin: 0px; padding-top: 8px;">
<strong>
Snap was building a beast right before our eyes
</strong>
</h4>
<p style="font-size: 15px; line-height: 140%; margin: 5px 0px 10px;">
Investor (and
<a style="-webkit-text-fill-color: #d62829; color: #d62829; text-decoration: none;">
meme lord
</a>
) Turner Novak’s
<a style="-webkit-text-fill-color: #d62829; color: #d62829; text-decoration: none;">
review
</a>
of the June 2020 Snap Partner Summit noted that Snap reaches 75% of the US population between ages 13-34, totaling 78m users -- more than Instagram or Facebook.
</p>
<p style="font-size: 15px; line-height: 140%; margin: 5px 0px 10px;">
Novak further highlighted Snap’s impressive engagement:
</p>
<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>
Snap Kit
</strong>
-- which allows 3rd party apps to integrate Snap features (e.g., Bitmojis) -- has 800 integration partners and 148m monthly users
</li>
<li style="font-size: 15px; line-height: 140%; margin: 0 0 0 15px; padding: 0px;">
<strong>
Snapchat camera
</strong>
and its augmented reality (AR) tools are very popular, with 135m users creating AR with the camera daily
</li>
<li style="font-size: 15px; line-height: 140%; margin: 0 0 0 15px; padding: 0px;">
<strong>
Snapchat Discover
</strong>
had 100m+ viewers over the past year, more than Netflix’s 70m+ subscribers
</li>
</ul>
<p style="font-size: 15px; line-height: 140%; margin: 5px 0px 10px;">
Despite the noise, CEO Evan Spiegel & Co. have been diligently working on these features for years and it clearly paid off.
</p>
<h4 style="font-size: 17px; height: 100%; letter-spacing: 0px; line-height: 22px; margin: 0px; padding-top: 8px;">
<strong>
Good news for other social media firms
</strong>
</h4>
<p style="font-size: 15px; line-height: 140%; margin: 5px 0px 10px;">
Snap’s latest
<a style="-webkit-text-fill-color: #d62829; color: #d62829; text-decoration: none;">
earnings
</a>
suggest the beginning “of a recovery from brand advertisers,” per the company’s chief business officer.
</p>
<p style="font-size: 15px; line-height: 140%; margin: 5px 0px 10px;">
This is great news for the smaller social networks: Pinterest (+20%) and Twitter (+10%) were both up last week on the Snap news.
</p>
<p style="font-size: 15px; line-height: 140%; margin: 5px 0px 10px;">
What a ride.
</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=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZ0aGRhaWx5LnMzLSJ9:1kXMA6:gOxJ6P5tWupTlNXMHuBE6aGfwmc-ssKbAnTWg5Y_pTI" 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=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZ0aGRhaWx5LnMzLSJ9:1kXMA6:gOxJ6P5tWupTlNXMHuBE6aGfwmc-ssKbAnTWg5Y_pTI" 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=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZ0aGRhaWx5LnMzLSJ9:1kXMA6:gOxJ6P5tWupTlNXMHuBE6aGfwmc-ssKbAnTWg5Y_pTI" 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=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZ0aGRhaWx5LnMzLSJ9:1kXMA6:gOxJ6P5tWupTlNXMHuBE6aGfwmc-ssKbAnTWg5Y_pTI" 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>
<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>
FB paid $19B for WhatsApp in 2014
</strong>
and it’s desperate to milk the proverbial teat of this cow...so, they just launched more biz tools (which could ruin the
<a style="color: #d62829; text-decoration: none;">
app
</a>
experience).
</li>
<li style="font-size: 15px; line-height: 140%; margin: 0 0 0 15px; padding: 0px;">
<strong>
Snitches get riches:
</strong>
The SEC just awarded its biggest whistleblower reward ever (
<a style="color: #d62829; text-decoration: none;">
$114m
</a>
). Since 2012, it has paid out $676m to 108 whistleblowers.
</li>
<li style="font-size: 15px; line-height: 140%; margin: 0 0 0 15px; padding: 0px;">
<strong>
Ocean Cleanup
</strong>
-- an org that pulls plastic from the ocean -- released its first recycled product:
<a style="color: #d62829; text-decoration: none;">
designer shades
</a>
.
</li>
<li style="font-size: 15px; line-height: 140%; margin: 0 0 0 15px; padding: 0px;">
<strong>
Chromebook sales have been
</strong>
<em>
<strong>
en fuego
</strong>
</em>
as schools are desperate to keep kids
<a style="color: #d62829; text-decoration: none;">
connected
</a>
for remote learning.
</li>
<li style="font-size: 15px; line-height: 140%; margin: 0 0 0 15px; padding: 0px;">
<strong>
Amazon’s pricing advantage is eroding…
</strong>
which makes its logistics and infrastructure
<a style="color: #d62829; text-decoration: none;">
plays
</a>
more important than ever.
</li>
</ul>
<div style="display: none;">
</div>
</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;">
Q&A
</td>
</tr>
<tr>
<td style="padding: 0 0 6px;">
<img alt="Travis Scott" src="https://inboxflows.com/_/image/https%253A%252F%252Fsailthru-media.s3.amazonaws.com%252Fcomposer%252Fimages%252Fsailthru-prod-6ks%252FTravis_Scott.png/?inbox_flows_img_sig=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZzYWlsdGhydS1tZSJ9:1kXMA6:wie3Si2nUm4eNY8ldwt32_J38x5BWn9jwlmNQAbgZII" style="height: auto; max-width: 600px; width: 100%;" width="600"/>
</td>
</tr>
<tr>
<td>
<h2 style="font-size: 22px; font-weight: bold; line-height: 26px; margin: 10px 0px 5px;">
‘Travis Scott is the mold of the type of brand that Liquid Death is building’
</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;">
Liquid Death -- a canned water startup with $34m in funding -- is breathing new life into the sleepy water space with a hilarious heavy metal-influenced
<a style="-webkit-text-fill-color: #d62829; color: #d62829; text-decoration: none;">
<u style="color: #d62829; text-decoration: none; underline: none;">
brand
</u>
</a>
and irreverent marketing.
</p>
<p style="font-size: 15px; line-height: 140%; margin: 5px 0px 10px;">
We caught up with the company’s co-founder and CEO
<a style="-webkit-text-fill-color: #d62829; color: #d62829; text-decoration: none;">
Mike Cessario
</a>
to learn about the inspirations behind Liquid Death:
</p>
<h4 style="font-size: 17px; height: 100%; letter-spacing: 0px; line-height: 22px; margin: 0px; padding-top: 8px;">
<strong>
Who are business leaders that have inspired you?
</strong>
</h4>
<p style="font-size: 15px; line-height: 140%; margin: 5px 0px 10px;">
In addition to Richard Branson [who was able to build exciting brands in otherwise boring industries, like airlines], I also like:
</p>
<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>
Yvon Chouinard
</strong>
,
<strong>
the founder of Patagonia:
</strong>
He has this saying along the lines of “If you're not pissing off 51% of the people, you're not trying hard enough.”
<br/>
<br/>
I liked that Chouinard wasn’t trying to create a brand that makes everyone happy. He knew if he made a brand that a majority of people loved (even if it pissed other people off), it would do well.
<br/>
<br/>
</li>
<li style="font-size: 15px; line-height: 140%; margin: 0 0 0 15px; padding: 0px;">
<strong>
Michael Dubin, the founder of Dollar Shave Club:
</strong>
Mike is a creative-minded CEO and I like how he approached growing Dollar Shave Club with the personality that it had.
</li>
</ul>
<h4 style="font-size: 17px; height: 100%; letter-spacing: 0px; line-height: 22px; margin: 0px; padding-top: 8px;">
<strong>
Are there any corporate brands that you look up to?
</strong>
</h4>
<p style="font-size: 15px; line-height: 140%; margin: 5px 0px 10px;">
I would compare the brand that Liquid Death is building to more of a famous music artist than a traditional corporation.
</p>
<p style="font-size: 15px; line-height: 140%; margin: 5px 0px 10px;">
Think of Travis Scott. He has a really strong brand that people identify with and he sells them so many things [from music to apparel].
</p>
<p style="font-size: 15px; line-height: 140%; margin: 5px 0px 10px;">
The relationship Travis has with his fans is very different than the relationship customers have with a traditional packaged goods brand.
</p>
<p style="font-size: 15px; line-height: 140%; margin: 5px 0px 10px;">
Travis Scott is the mold of the type of brand that Liquid Death is building.
</p>
<h4 style="font-size: 17px; height: 100%; letter-spacing: 0px; line-height: 22px; margin: 0px; padding-top: 8px;">
<strong>
What are the best commercials you’ve seen?
</strong>
</h4>
<p style="font-size: 15px; line-height: 140%; margin: 5px 0px 10px;">
I really like some of the historical ones like
<a style="-webkit-text-fill-color: #d62829; color: #d62829; text-decoration: none;">
Poo~Pourri
</a>
and
<a style="-webkit-text-fill-color: #d62829; color: #d62829; text-decoration: none;">
Squatty Potty
</a>
.
</p>
<p style="font-size: 15px; line-height: 140%; margin: 5px 0px 10px;">
More recently, I like what
<a style="-webkit-text-fill-color: #d62829; color: #d62829; text-decoration: none;">
Purple
</a>
mattress protector has done with this weird sasquatch.
</p>
<p style="font-size: 15px; line-height: 140%; margin: 5px 0px 10px;">
<a style="-webkit-text-fill-color: #d62829; color: #d62829; text-decoration: none;">
(
<em>
Read the full Q&A here)
</em>
</a>
</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;">
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</a>
</td>
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<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=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZ0aGRhaWx5LnMzLSJ9:1kXMA6:gOxJ6P5tWupTlNXMHuBE6aGfwmc-ssKbAnTWg5Y_pTI" width="30"/>
</a>
</td>
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<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=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZ0aGRhaWx5LnMzLSJ9:1kXMA6:gOxJ6P5tWupTlNXMHuBE6aGfwmc-ssKbAnTWg5Y_pTI" 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=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZ0aGRhaWx5LnMzLSJ9:1kXMA6:gOxJ6P5tWupTlNXMHuBE6aGfwmc-ssKbAnTWg5Y_pTI" 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
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<td style="color: #D62829; font-size: 16px; font-weight: bold; letter-spacing: 1.5px; padding: 0px 0px 10px; text-transform: uppercase;">
RIP
</td>
</tr>
<tr>
<td style="padding: 0 0 6px;">
<img alt="Lee Kun-hee" src="https://inboxflows.com/_/image/https%253A%252F%252Fsailthru-media.s3.amazonaws.com%252Fcomposer%252Fimages%252Fsailthru-prod-6ks%252FLee-Kun-hee.jpg/?inbox_flows_img_sig=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZzYWlsdGhydS1tZSJ9:1kXMA6:wie3Si2nUm4eNY8ldwt32_J38x5BWn9jwlmNQAbgZII" style="height: auto; max-width: 600px; width: 100%;" width="600"/>
</td>
</tr>
<tr>
<td>
<h2 style="font-size: 22px; font-weight: bold; line-height: 26px; margin: 10px 0px 5px;">
The man who made Samsung has died
</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;">
Lee Kun-hee, the chairman of South Korea’s corporate giant Samsung, died yesterday at the age of
<a style="-webkit-text-fill-color: #d62829; color: #d62829; text-decoration: none;">
78
</a>
, after dealing with health problems for the last 6 years.
</p>
<p style="font-size: 15px; line-height: 140%; margin: 5px 0px 10px;">
With a net worth of
<a style="-webkit-text-fill-color: #d62829; color: #d62829; text-decoration: none;">
$21B
</a>
, he was South Korea’s richest man.
</p>
<p style="font-size: 15px; line-height: 140%; margin: 5px 0px 10px;">
While he leaves behind a complicated legacy (no, not the
<a style="-webkit-text-fill-color: #d62829; color: #d62829; text-decoration: none;">
folding
</a>
screen phone), he is credited for turning the business his father founded from a noodle trading operation into one of the world’s biggest companies.
</p>
<h4 style="font-size: 17px; height: 100%; letter-spacing: 0px; line-height: 22px; margin: 0px; padding-top: 8px;">
<strong>
It’s hard to overstate how important Samsung is to South Korea
</strong>
</h4>
<p style="font-size: 15px; line-height: 140%; margin: 5px 0px 10px;">
In 2019, Samsung Group pulled in revenue of $290B -- an insane 17% of South Korea’s GDP per
<a style="-webkit-text-fill-color: #d62829; color: #d62829; text-decoration: none;">
Reuters
</a>
.
</p>
<p style="font-size: 15px; line-height: 140%; margin: 5px 0px 10px;">
Lee’s big bet on the Galaxy phone line made Samsung the top smartphone competitor to Apple and boosted the crown jewel of the conglomerate, Samsung Electronics, to a $350B valuation.
</p>
<p style="font-size: 15px; line-height: 140%; margin: 5px 0px 10px;">
He made similarly large bets on semiconductors and flat screen TVs while managing a sprawling business with massive insurance, construction, and shipbuilding arms.
</p>
<h4 style="font-size: 17px; height: 100%; letter-spacing: 0px; line-height: 22px; margin: 0px; padding-top: 8px;">
<strong>
Lee’s darker side includes convictions for bribery and tax evasion
</strong>
</h4>
<p style="font-size: 15px; line-height: 140%; margin: 5px 0px 10px;">
In fact, his own son Lee Jae-yong -- who’s effectively been running Samsung since 2014 -- recently did a one-year stint in prison related to corrupt business
<a style="-webkit-text-fill-color: #d62829; color: #d62829; text-decoration: none;">
dealings
</a>
.
</p>
<p style="font-size: 15px; line-height: 140%; margin: 5px 0px 10px;">
Under the younger Lee’s leadership, Samsung’s Galaxy phone line has fallen behind Apple, which built a thriving iPhone services ecosystem.
</p>
<p style="font-size: 15px; line-height: 140%; margin: 5px 0px 10px;">
The elder Lee once coached his team to “change everything except for your wife and children” per the
<a style="-webkit-text-fill-color: #d62829; color: #d62829; text-decoration: none;">
WSJ
</a>
.
</p>
<p style="font-size: 15px; line-height: 140%; margin: 5px 0px 10px;">
Samsung is sitting on $80B of cash. And for the son to match his father’s legacy, he’ll have to make huge bets with these resources… hopefully unrelated to folding screens.
</p>
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<h2 style="font-size: 20px; font-weight: 800; letter-spacing: 0px; line-height: 24px; margin: 20px 0 0px;">
<strong>
5G is one of the greatest arrivals in tech since the damn
</strong>
<em>
<strong>
internet
</strong>
</em>
</h2>
<p style="font-size: 15px; line-height: 140%; margin: 5px 0px 10px;">
<a style="-webkit-text-fill-color: #d62829; color: #d62829; text-decoration: none;">
$17 trillion.
</a>
</p>
<p style="font-size: 15px; line-height: 140%; margin: 5px 0px 10px;">
That’s how much the 5G market is expected to be worth by 2035.
</p>
<p style="font-size: 15px; line-height: 140%; margin: 5px 0px 10px;">
But before you go dumping your money in big tech stocks, pop your eyes on
<a style="-webkit-text-fill-color: #d62829; color: #d62829; text-decoration: none;">
this article
</a>
from Stock Advisor. It covers a little-known California company with a unique business model cleverly built to win the 5G market.
</p>
<p style="font-size: 15px; line-height: 140%; margin: 5px 0px 10px;">
The result? A potential
<a style="-webkit-text-fill-color: #d62829; color: #d62829; text-decoration: none;">
6X ROI
</a>
for investors.
</p>
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Get the scoop →
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TRENDS
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<strong>
This is our kind of bucket list
</strong>
</h2>
<p style="font-size: 15px; line-height: 140%; margin: 5px 0px 10px;">
Traveling the world and jumping off of bridges is cool and all. But The Hustle’s bucket list?
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It’s all about getting down to business -- and we’ve got huge respect for Noah Kagan:
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<li style="font-size: 15px; line-height: 140%; margin: 0 0 0 15px; padding: 0px;">
#30 employee at Facebook (which led him to
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losing $170M
</a>
🤯 ) and #4 employee at Mint
</li>
<li style="font-size: 15px; line-height: 140%; margin: 0 0 0 15px; padding: 0px;">
Founded AppSumo and the Sumo Group before turning 28
</li>
<li style="font-size: 15px; line-height: 140%; margin: 0 0 0 15px; padding: 0px;">
Scaled
<em>
multiple
</em>
YouTube channels to millions of pageviews and one of the most popular podcasts in entrepreneurship
</li>
</ul>
<p style="font-size: 15px; line-height: 140%; margin: 5px 0px 10px;">
<em>
… and the list goes on.
</em>
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<p style="font-size: 15px; line-height: 140%; margin: 5px 0px 10px;">
That’s why we’re hosting a marketing Q&A with Noah.
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Join us this Thursday
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at 12pm PT for “All Things Marketing” -- it only costs a $1 to join.
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4 years, 11 months ago - news@thehustle.co
PLUS: A Q&A with Liquid Death’s Mike Cessario October 26, 2020 TOGETHER WITH Well, we F'd up big ...