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Today, toy “celebrities” are getting famous and selfie investors are shameless, but first...
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The Hustle
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<h2 style="font-family: arial, sans-serif; font-size: 26px; font-weight: bold; line-height: 120%; margin-bottom: 16px; margin-top: 36px;">
<strong>
To complete his vision, the billionaire behind Ray-Ban buys GrandView for $8.1B
</strong>
</h2>
<p style="font-family: arial, sans-serif; font-size: 15px; line-height: 120%; margin: 0; padding-bottom: 12px;">
Ray-Ban’s parent company, EssilorLuxottica SA, announced yesterday it would buy the European glasses retailer GrandView NV in an
<a style="-webkit-text-fill-color: #ed4d1f; color: #ed4d1f; text-decoration: none;">
$8.1B deal
</a>
.
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<p style="font-family: arial, sans-serif; font-size: 15px; line-height: 120%; margin: 0; padding-bottom: 12px;">
The acquisition is the next phase in the Ray-Ban owner’s farsighted scheme to dominate the glasses biz. But the next few steps in the plan are still a little blurry.
</p>
<h4 style="font-family: arial, sans-serif; font-size: 18px; font-weight: bold; margin-bottom: 8px; margin-top: 16px;">
<strong>
The man looking through the glasses is Leonardo Del Vecchio
</strong>
</h4>
<p style="font-family: arial, sans-serif; font-size: 15px; line-height: 120%; margin: 0; padding-bottom: 12px;">
Last year, Del Vecchio -- an Italian metalworker-turned-billionaire -- orchestrated the $53B mega-merger of his company Luxottica, which makes luxury sunglasses, and French lens maker Essilor (which was led by French executive Hubert Sagnières).
</p>
<p style="font-family: arial, sans-serif; font-size: 15px; line-height: 120%; margin: 0; padding-bottom: 12px;">
The merger gave the Ray-Ban owner the pieces to
<em>
make
</em>
glasses by the boatload, but not necessarily the tools to
<em>
sell
</em>
them.
</p>
<h4 style="font-family: arial, sans-serif; font-size: 18px; font-weight: bold; margin-bottom: 8px; margin-top: 16px;">
<strong>
That’s where this GrandView acquisition comes in
</strong>
</h4>
<p style="font-family: arial, sans-serif; font-size: 15px; line-height: 120%; margin: 0; padding-bottom: 12px;">
Essilor-Luxottica’s existing network of 9k stores is concentrated in the Americas (and some parts of Asia).
</p>
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But GrandView’s
<a style="-webkit-text-fill-color: #ed4d1f; color: #ed4d1f; text-decoration: none;">
7.2k stores
</a>
are mostly spread out across Europe -- so by buying GrandView, Essilor-Luxottica is also buying access to the massive European network for face-glasses.
</p>
<h4 style="font-family: arial, sans-serif; font-size: 18px; font-weight: bold; margin-bottom: 8px; margin-top: 16px;">
<strong>
But that doesn’t mean the future is entirely clear
</strong>
</h4>
<p style="font-family: arial, sans-serif; font-size: 15px; line-height: 120%; margin: 0; padding-bottom: 12px;">
After last year’s Essilor-Luxottica merger, the men behind the 2 merged brands butted heads.
</p>
<p style="font-family: arial, sans-serif; font-size: 15px; line-height: 120%; margin: 0; padding-bottom: 12px;">
The bickering Del Vecchio and Sagnières eventually made nice, but they still haven’t managed to find a CEO for their company -- and some analysts are skeptical the original merger will deliver $660m+ in savings as promised.
</p>
<p style="font-family: arial, sans-serif; font-size: 15px; line-height: 120%; margin: 0; padding-bottom: 12px;">
GrandView’s stock was up more than 5% in Europe after the announcement, but leadership at Essilor-Luxottica failed to provide any details about how they expected the acquisition to impact business.
</p>
<p style="font-family: arial, sans-serif; font-size: 15px; line-height: 120%; margin: 0; padding-bottom: 12px;">
Plus, now that GrandView’s in the mix, the ornery executives have
<em>
another
</em>
thing to argue about.
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<td>
<h2 style="font-family: arial, sans-serif; font-size: 26px; font-weight: bold; line-height: 120%; margin-bottom: 16px; margin-top: 36px;">
<strong>
Selfie-editing startup Lightricks snaps up a $135m funding round
</strong>
</h2>
<p style="font-family: arial, sans-serif; font-size: 15px; line-height: 120%; margin: 0; padding-bottom: 12px;">
Lightricks, the maker of the popular photo-editing app Facetune,
<a style="-webkit-text-fill-color: #ed4d1f; color: #ed4d1f; text-decoration: none;">
raised $135m
</a>
to expand its popular selfie-perfecting products.
</p>
<p style="font-family: arial, sans-serif; font-size: 15px; line-height: 120%; margin: 0; padding-bottom: 12px;">
The continued success of the company, which is now valued at more than $1B, shows that face-editing apps are no temporary trend.
</p>
<h4 style="font-family: arial, sans-serif; font-size: 18px; font-weight: bold; margin-bottom: 8px; margin-top: 16px;">
<strong>
The company is growing fast
</strong>
</h4>
<p style="font-family: arial, sans-serif; font-size: 15px; line-height: 120%; margin: 0; padding-bottom: 12px;">
After launching in 2013, the Facetune app grew rapidly, pulling in $10m in annual revenue by 2015 -- all before the company had even raised any outside money.
</p>
<p style="font-family: arial, sans-serif; font-size: 15px; line-height: 120%; margin: 0; padding-bottom: 12px;">
But Facetune really hit its stride when it shot to the top of the charts as the most popular app in Apple’s store in 2017.
</p>
<p style="font-family: arial, sans-serif; font-size: 15px; line-height: 120%; margin: 0; padding-bottom: 12px;">
Since then, the app has remained popular in spite of stiff selfie competition from companies like Snapchat.
</p>
<h4 style="font-family: arial, sans-serif; font-size: 18px; font-weight: bold; margin-bottom: 8px; margin-top: 16px;">
<strong>
But now Lightricks is in the big leagues...
</strong>
</h4>
<p style="font-family: arial, sans-serif; font-size: 15px; line-height: 120%; margin: 0; padding-bottom: 12px;">
And the company is looking for new ways to monetize its technology. In addition to Facetune, the company has also launched Enlight, a mobile picture-editing app for amateur photographers, and Swish, a video-editing app for marketers.
</p>
<p style="font-family: arial, sans-serif; font-size: 15px; line-height: 120%; margin: 0; padding-bottom: 12px;">
The company also rolled out Facetune 2.0, an update to the original app that -- to the frustration of users -- put some features behind a paywall.
</p>
<p style="font-family: arial, sans-serif; font-size: 15px; line-height: 120%; margin: 0; padding-bottom: 12px;">
Lightricks, which now has 3m subscribers across its products and has raised a total of
<a style="-webkit-text-fill-color: #ed4d1f; color: #ed4d1f; text-decoration: none;">
$205m
</a>
, plans to double down on investment in new tools and to start strategically acquiring companies to grow.
</p>
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Lookin’ perfect ain’t cheap
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things you should...
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<h4 dir="ltr" style="font-family: arial, sans-serif; font-size: 18px; font-weight: bold; margin-bottom: 8px; margin-top: 18px;">
FORGET:
<span style="font-weight: normal;">
All your troubles while visiting IvePetThatDog.com, FREE
</span>
</h4>
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When you’re having a stressful day, check out this website. It is a gallery made by a 10-year old named Gideon who loves petting dogs. It features pictures of Gideon petting dogs. That’s it.
<br/>
<a style="-webkit-text-fill-color: #ed4d1f; color: #ed4d1f; font-size: 14px; font-weight: bold; line-height: 200%; text-decoration: none;">
SO MUCH PURE →
</a>
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EMBRACE:
<span style="font-weight: normal;">
Your inner beach-comber with OluKai footwear, Starting at $95
</span>
</h4>
<p dir="ltr" style="border-bottom-color: #dddddd; border-bottom-style: solid; border-bottom-width: 1px; font-family: arial, sans-serif; font-size: 15px; line-height: 120%; margin: 0; padding-bottom: 16px;">
What makes OluKai shoes (and sandals) the comfiest kicks on the shoreline? Their Wet Sand Principle® of design. Their shoes are made to feel exactly like you’re stepping into wet sand -- comfortable, yet totally supported.
<br/>
<a style="-webkit-text-fill-color: #ed4d1f; color: #ed4d1f; font-size: 14px; font-weight: bold; line-height: 200%; text-decoration: none;">
IF YOU LIKE LONG WALKS ON THE BEACH... →
</a>
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<table style="border-spacing: 0px;">
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SPONSORED
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BOOST:
<span style="font-weight: normal;">
Your credit score with Credit Sesame, Free score check
</span>
</h4>
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Dreaming of a higher credit limit so you can finally buy that Yalos diamond-studded LCD TV? Same. Head over to Credit Sesame and check your score for free, then use their library of tools and tips to improve your score (and limits).
<br/>
<a style="-webkit-text-fill-color: #ed4d1f; color: #ed4d1f; font-size: 14px; font-weight: bold; line-height: 200%; text-decoration: none;">
SKYROCKET YOUR SCORE →
</a>
</p>
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<td>
<h2 style="font-family: arial, sans-serif; font-size: 26px; font-weight: bold; line-height: 120%; margin-bottom: 16px; margin-top: 36px;">
<strong>
‘Toy startup’ Superplastic raised $10m to turn its toys into Instagram influencers
</strong>
</h2>
<p style="font-family: arial, sans-serif; font-size: 15px; line-height: 120%; margin: 0; padding-bottom: 12px;">
Superplastic, a Vermont-based toy startup --
<em>
yes, we said “toy startup”
</em>
--
<a style="-webkit-text-fill-color: #ed4d1f; color: #ed4d1f; text-decoration: none;">
raised $10m
</a>
in Series A funding.
</p>
<p style="font-family: arial, sans-serif; font-size: 15px; line-height: 120%; margin: 0; padding-bottom: 12px;">
So, why in the name of Furby is a toy company raising a Series A?
</p>
<h4 style="font-family: arial, sans-serif; font-size: 18px; font-weight: bold; margin-bottom: 8px; margin-top: 16px;">
<strong>
Well, these aren’t the kind of toys your mom played with...
</strong>
</h4>
<p style="font-family: arial, sans-serif; font-size: 15px; line-height: 120%; margin: 0; padding-bottom: 12px;">
In fact, they’d probably give Barbie and G.I. Joe nightmares.
</p>
<p style="font-family: arial, sans-serif; font-size: 15px; line-height: 120%; margin: 0; padding-bottom: 12px;">
Superplastic’s 2 star characters -- the
<a style="-webkit-text-fill-color: #ed4d1f; color: #ed4d1f; text-decoration: none;">
nightmare-inducing duo
</a>
of Guggimon the punk-rabbit and Janky the cat-creature -- are designed not for kids’ toy chests, but instead for
<em>
their Instagram feeds
</em>
.
</p>
<p style="font-family: arial, sans-serif; font-size: 15px; line-height: 120%; margin: 0; padding-bottom: 12px;">
Superplastic
<em>
does
</em>
sell physical toys (at a luxury price point of
<a style="-webkit-text-fill-color: #ed4d1f; color: #ed4d1f; text-decoration: none;">
$80
</a>
for a 12-inch doll), but the entire brand is designed to create Instagram stars that are billed as “synthetic superstars.”
</p>
<h4 style="font-family: arial, sans-serif; font-size: 18px; font-weight: bold; margin-bottom: 8px; margin-top: 16px;">
<strong>
Superplastic wants to sell celebrities, not just toys
</strong>
</h4>
<p style="font-family: arial, sans-serif; font-size: 15px; line-height: 120%; margin: 0; padding-bottom: 12px;">
The company offers a whole new way of thinking about toys: Superplastic’s
<a style="-webkit-text-fill-color: #ed4d1f; color: #ed4d1f; text-decoration: none;">
website
</a>
refers to Guggimon and Janky as “celebrities” and includes a link to booking inquiries for its 2 leading toys.
</p>
<p style="font-family: arial, sans-serif; font-size: 15px; line-height: 120%; margin: 0; padding-bottom: 12px;">
Where normal toy companies would have hired salespeople and merchandisers, Superplastic instead hired 3D movie animators and illustrators to turn their toys into virtual influencers.
</p>
<p style="font-family: arial, sans-serif; font-size: 15px; line-height: 120%; margin: 0; padding-bottom: 12px;">
The startup is led by Paul Budnitz, the entrepreneur who founded both the toy company Kidrobot and the social network Ello.
</p>
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We miss Geoffrey
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<h2 style="font-family: arial, sans-serif; font-size: 26px; font-weight: bold; line-height: 120%; margin-bottom: 16px; margin-top: 36px;">
<strong>
Live shopping didn’t die with QVC on TV... it’s alive and well in China
</strong>
</h2>
<p style="font-family: arial, sans-serif; font-size: 15px; line-height: 120%; margin: 0; padding-bottom: 12px;">
Sandy Friesen makes handmade leather purses in Connecticut. But one of her top customer bases is China.
</p>
<p style="font-family: arial, sans-serif; font-size: 15px; line-height: 120%; margin: 0; padding-bottom: 12px;">
Friesen’s company, Welden, is one of many fashion-related companies dipping into the Chinese live-stream market, where companies all over the world broadcast their wares to massive audiences.
</p>
<h4 style="font-family: arial, sans-serif; font-size: 18px; font-weight: bold; margin-bottom: 8px; margin-top: 16px;">
<strong>
It’s a market with millions of views and billions of dollars
</strong>
</h4>
<p style="font-family: arial, sans-serif; font-size: 15px; line-height: 120%; margin: 0; padding-bottom: 12px;">
In China, some 500m people watch live-streaming on channels owned by companies like Alibaba. These programs are based around sales, and they’re hosted by online and IRL celebs.
</p>
<p style="font-family: arial, sans-serif; font-size: 15px; line-height: 120%; margin: 0; padding-bottom: 12px;">
Welden’s VP of sales joined a fashion influencer on a live-stream on Black Friday, and thousands of viewers asked questions in real time. In the next 2 days, Welden made $350k -- and now, the company sells 20% of its bags from Chinese live-streams.
</p>
<h4 style="font-family: arial, sans-serif; font-size: 18px; font-weight: bold; margin-bottom: 8px; margin-top: 16px;">
<strong>
Alibaba is the big live-streaming fish
</strong>
</h4>
<p style="font-family: arial, sans-serif; font-size: 15px; line-height: 120%; margin: 0; padding-bottom: 12px;">
Most of the live-stream shoppers are women between the ages of 18 and 35. Amazon has tried to launch copycat live-stream services, but so far it hasn’t matched the success of the biggest Chinese live-stream channels, such as Alibaba’s Taobao Marketplace.
</p>
<p style="font-family: arial, sans-serif; font-size: 15px; line-height: 120%; margin: 0; padding-bottom: 12px;">
Taobao Marketplace makes $15B in sales volume, and some of the top companies selling products make up to $400m.
</p>
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»
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Gaga for Baba
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<em>
Curious about live shopping in China?
</em>
</p>
<p style="font-family: arial, sans-serif; font-size: 15px; line-height: 120%; margin: 0; padding-bottom: 12px;">
<em>
The previous story was adapted from a Trends report by The Hustle. Check out the full story
</em>
<a style="-webkit-text-fill-color: #ed4d1f; color: #ed4d1f; text-decoration: none;">
<em>
here
</em>
</a>
<em>
.
</em>
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SPONSORED
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<h2 style="font-family: arial, sans-serif; font-size: 26px; font-weight: bold; line-height: 120%; margin-bottom: 16px; margin-top: 36px;">
<strong>
An organized brain is like a roadrunner holding knives
</strong>
</h2>
<p style="font-family: arial, sans-serif; font-size: 15px; line-height: 120%; margin: 0; padding-bottom: 12px;">
Fast-moving, hard to stop, and a little dangerous.
</p>
<p style="font-family: arial, sans-serif; font-size: 15px; line-height: 120%; margin: 0; padding-bottom: 12px;">
Which is exactly the kind of dangerous you need to be to reach your goals.
</p>
<h4 style="font-family: arial, sans-serif; font-size: 18px; font-weight: bold; margin-bottom: 8px; margin-top: 16px;">
<strong>
So, how do you reach’ em? We’ve got some
</strong>
<a style="color: #ed4d1f; text-decoration: none;">
<strong>
ideas
</strong>
</a>
<strong>
…
</strong>
</h4>
<ul style="margin: 0; padding-bottom: 14px; padding-left: 24px;">
<li style="line-height: 120%; padding: 4px 0;">
Spend $10,000 on Joe Rogan-endorsed nootropics.
</li>
<li style="line-height: 120%; padding: 4px 0;">
Fill every wall of your home with whiteboards to plot and track your work.
</li>
<li style="line-height: 120%; padding: 4px 0;">
Capture and painstakingly train a badger to bite you any time you get distracted, ensuring you are working towards accomplishing something at all times… or else.
</li>
</ul>
<p style="font-family: arial, sans-serif; font-size: 15px; line-height: 120%; margin: 0; padding-bottom: 12px;">
Of course, there’s an easier way -- one that saves you the time, hassle, and physical pain of badger teeth.
</p>
<p style="font-family: arial, sans-serif; font-size: 15px; line-height: 120%; margin: 0; padding-bottom: 12px;">
<strong>
It’s called
</strong>
<a style="-webkit-text-fill-color: #ed4d1f; color: #ed4d1f; text-decoration: none;">
<strong>
monday.com
</strong>
</a>
<strong>
.
</strong>
</p>
<p style="font-family: arial, sans-serif; font-size: 15px; line-height: 120%; margin: 0; padding-bottom: 12px;">
Their visual project management tool lets you stay hyper-organized with barely any effort. With simple-to-setup, color-coded charts, you can see where everything stands at a glance. Now
<em>
that’s
</em>
the kind of organization we can get behind.
</p>
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More hands make less work →
</a>
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share the hustle
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<h2 style="font-family: arial, sans-serif; font-size: 26px; font-weight: bold; line-height: 120%; margin-bottom: 16px; margin-top: 36px;">
<strong>
Refer coworkers, get free stuff
</strong>
</h2>
<p style="font-family: arial, sans-serif; font-size: 15px; line-height: 120%; margin: 0; padding-bottom: 12px;">
Step 1: Peek our sweet, sweet rewards
</p>
<p style="font-family: arial, sans-serif; font-size: 15px; line-height: 120%; margin: 0; padding-bottom: 12px;">
Step 2: Click “Share The Hustle” below
</p>
<p style="font-family: arial, sans-serif; font-size: 15px; line-height: 120%; margin: 0; padding-bottom: 12px;">
Step 3: Share The Hustle.
</p>
<p style="font-family: arial, sans-serif; font-size: 15px; line-height: 120%; margin: 0; padding-bottom: 12px;">
Step 4: Collect rewards, rinse & repeat.
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love it
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meh
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Now Playing:
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<strong>
Roll With It, Steve Miller Band
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.
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0
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SHARE THE HUSTLE
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REFERRALS
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//ambassadors.thehustle.co/?ref=950fce10a7
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<span style="font-family: 'Arial',sans-serif; font-size: 8px; font-weight: normal; letter-spacing: 1px; line-height: 100%;">
YOUR UNIQUE URL
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<img alt="Conor Grant" src="https://inboxflows.com/_/image/https%253A%252F%252Fs3-us-west-1.amazonaws.com%252Fthdaily%252Fconor_grant.jpg/?inbox_flows_img_sig=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZzMy11cy13ZXN0LSJ9:1kXODG:IcuPQQfeaNOjg8BVymK9qYenSA649yuEmBPLWc8Kjig" style="padding-bottom: 10px; width: 60px;"/>
<br/>
Conor Grant
<br/>
<span style="font-family: 'Arial',sans-serif; font-size: 8px; font-weight: normal; letter-spacing: 1px;">
MANAGING EDITOR
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<br/>
Mark Dent
<br/>
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SENIOR WRITER
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</a>
<br/>
Bobby Durben
<br/>
<span style="font-family: 'Arial',sans-serif; font-size: 8px; font-weight: normal; letter-spacing: 1px;">
AD WRITER
</span>
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<a style="color: #000000; text-decoration: none;">
Brad "New day, new shades" Wolverton
</a>
<br/>
<span style="font-family: 'Arial',sans-serif; font-size: 8px; font-weight: normal; letter-spacing: 1px;">
HEAD OF CONTENT
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Kent Hoyt
<br/>
<span style="font-family: 'Arial',sans-serif; font-size: 8px; font-weight: normal; letter-spacing: 1px; text-transform: uppercase;">
Commissioner of Dessert-Ordering
</span>
</td>
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JOBS
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ADVERTISE
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EVENTS
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251 KEARNY ST. STE 300, SAN FRANCISCO, CA 94108, UNITED STATES
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•
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415.506.7210
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6 years ago - news@thehustle.co
You could call the billionaire behind Ray-Bans farsighted
Today, toy “celebrities” are getting famous and selfie investors are shameless, but first... The ...