21st Century Gold Rush!!

Business/Start-Up News

🔗Everyone Wants A Cut – But They Will Now Be Cut Out #SmartContracts I know a majority of you guys are college kids; however, before you know it, you’ll be gearing up to buy a car or a house – a complex transaction process that usually entails a middleman to act as a trusted party. Many large industry corporations and leaders experience this same type of aggravation with the lack of transparency, and the unnecessary fees involved and, therefore, have been making the push to start exploring the many benefits smart contracts have to offer. If you are new to the concept, allow me to explain! This is something that truly excites me, and although we are still very early, I think the implications and benefits of financial transparency will forever change the way contracts are enforced. Alright let’s get right into it!

WhAt dO tHesE tHinGs do

Essentially, a smart contract is an agreement between two parties written in lines of code that are stored on a blockchain and automatically execute predetermined terms and conditions when they are met. What makes these terms and conditions unique is the fact that they run on a blockchain, and therefore, are stored on public databases that cannot be altered (no need to rely on nobody). A simple contract would look like this: 

“If Evan pays Nikola 1,000 Chainlink, then Evan will receive ownership of that house”

Note: Smart contracts employ the ‘If-Then’ principle

The Perks

It eliminates the need for a trusted middleman to hold your money in escrow as the seller of a house. Furthermore, the seller no longer has to lose out on the cut that would be given to the middleman. #NoLaywers #NoCommissions #NoMoreDelays #Winning

The smart contracts could also possibly streamline other forms of real property distribution as well – we’re talking trusts, leaseholds, rental agreements, etc. If a contract is broken, notification would be instantaneous and the consequences could be immediately enacted 

Ev’s Take

Well damn, if this is not blowing your mind go splash some water on your face and read this again! 

But before we wrap it up, I want to address some of the main concerns around this technology, and what must we do in order to overcome “the chasm” as we are currently in the early adopters phase of the cycle (introduction into decentralized finance, and crypto CeFi), to the early majority which entail (Web 2.0, Tech Firms, Fin Tech Early Banks, and more). 

As I’ve mentioned before, smart contracts are a newly emerging technology. Despite having a lot of promise and potential benefits, the truth is that these codes that make up the contracts CANNOT have ANY code errors or bugs. Moreover, there is no official federal contract law currently in the United States; rather, the enforceability relies upon the interpretation of these contracts at the state level. Until the National Conference of Commissioners on Uniform State Laws is able to consolidate laws across state lines, it still might take some time for us to adopt and gain trust (but hey, short-term hurdles). 

All in all, the use-case of blockchain is huge here. Because these smart contracts are able to work on a decentralized platform (meaning they are not controlled by one central party like a bank, broker, or government, etc.), I believe adoption will grow at an exponential rate, especially during times like these with devaluation of currencies, and the overall effect of increased transparency, reduced and saved fees, and the trust and safety as these contacts are near impossible to hack. 

💾 21st Century Gold Rush!! Boom, Bam, Bop, the Snowflake IPO has caused all the rage this past week as the Cloud Data Warehousing company almost tripled its initial IPO price in the first 24 hours. Why was it so popping? Well, for starters, they were able to secure half a billion dollars from Salesforce and Berkshire Hathaway in Private Placement following the IPO. Combine that with the 28 million shares sold, they brought home nearly $3.4 billion. Crowning them as the largest Software IPO of all time but only fetching them spot #25 on the full All Time list. Let’s take a look at the facts and why the cloud is so damn valuable.

What Makes Snowflake Stand Out

It’s cloud agnostic, coupled with unlimited seamless scalability across Amazon Web Services (AWS) and Microsoft Azure (and Google soon)

Separation of storage and compute, on-the-fly scalable compute, data sharing, data cloning, and third party tools support

The database management system market in which Snowflake operates is set to grow to a market size of $63 billion by 2022

Ev’s Take

It is clear things are moving “Above The Clouds” as Gang Starr would say. While the company itself has yet to become profitable, it is evident that they are paving a path to long-term sustainability as revenues increase by a 173% year-on-year. 

Big picture thinking, appetite for data usage and storage has been crazy high, and with the increase comes further complexities. Large corporations, and even smaller enterprises that may currently not have the infrastructure to deal with large inflow of data, and having the dynamic of your data change increases complexity to deliver value to your core customers. Often these companies have spent more time in organizing their data architecture instead of taking this time into maximizing areas of untapped potential. 

Services such as Microsoft and Google are enticing customers to switch from Snowflake’s platform to their in-house versions. I’m curious to see how Snowflake will stand apart from their competition, as their platform relies on these services for their main business model. Will we start to see an influx of smaller emerging startups tailored to integrate and create more seamless data processes for businesses, and will this lead to a new area of untapped venture? I definitely think so! 

All in all, data is the new gold, and with all of these new cloud computing systems and services, I think we’ve got ourselves the 21st century Gold Rush. 


👀 Interesting Follows 

📱6 new iOS 14 features we love: iPhone owners, you are in for a treat

🎮 The PlayStation 4 Found Success In Simplicity

❌ Millions Of US Users To Be Hit By WeChat Block

🚗 The New Startup Pitch:We’re Not Uber


💼 Jobs/Internships

New York

Product Development Innovation Intern (Verizon)

User Research Intern (Spotify)  

Private Equity Intern (Credit Suisse

Los Angeles

Investment Banking Intern (Stout)

Investment Intern (Oaktree

Valuation and Modelling Intern (Grant Thornton LLP

San Francisco

Software Engineer Intern (Coinbase)

Associate Product Manager Intern (Salesforce)

Chicago

Commercial & Credit Leadership Program (Fifth Third Bank)

Cyber Security & Privacy Intern (Grant Thornton LLP)

Financial Analyst (Morningstar)


🎷 Fresh Finds

Check out the section on the website for this week!


💯Thank You For Reading, See You Next Week!


What’s up, my name is Evan Hiltunen! I am a recent finance grad from Indiana University and financial analyst @ Goldman Sachs. I have a strong passion for start-ups, finance, and technology, and I hope you find this newsletter informative!

I’d love your feedback – feel free to email me at thee8newsletter@gmail.com

www.e8newsletter.com

🕶e8: What Will Future Air Travel Look Like? What The Heck Is HBO MAX? Scooter Gang Is Here To Stay!

A wise man once said “Work Really Hard” – Elon Musk.

18 years of hard work right there!

Nothing is impossible, your limitations are your imaginations…🚀

Business/Start-Up News

✈️ Pack The Bags, It’s CABO TIME…oh wait: Since the 9/11 attack nearly 19 years ago, in-air safety has changed dramatically. And with it, so has the pre-boarding experience. Terminals have undergone extraordinary transformations – from full bars, malls, spas, and exclusive pop-up shops, to food courts outfitted with iPads resting atop every dining surface. However, new fears regarding the safety and cleanliness of airline passengers must now be addressed.  Let’s take a look at what is currently happening inside our airports and what that means for your next travel plans.

The Future

As the CDC recommends, the best way to prevent the spread of the virus is by social distancing. However, the shrinking legroom and increasingly invasive reclining seat feature that passengers have been subjected to over the years begs the question – what must change in order for us passengers to feel safe in the skies once again?

  • Jet Blue, Delta Airlines, American Airlines, United, and more have required that masks be worn for the duration of the flight 

  • Getting hungry? Expect your food and snacks to be delivered in bento boxes in an effort to help reduce contact

  • XpresSpa Group Inc. has discussed with airports and healthcare partners utilizing their airport real estate portfolio, which consists of 46 locations across 23 airports, to provide COVID-19 testing and screening sites

  • Opposing this idea, however, is the American Civil Liberties Union (ACLU), which has issued warnings about the potential risks and failures of fever detection systems. They warn not only of the asymptomatic carriers who might not request testing but also of the inherent inaccuracy of the tests which might allow fever-possessing passengers with false negatives to roam the skies

  • Italian Cabin Interior Design Firm Aviointeriors released mockups of what a new cabin might look like in the near future. Fingers crossed we no longer have to deal with shoulder snorers

  • Check out this mockup of a day in the life of a “future” airline passenger 

Ev’s Take

As the pandemic starts to reside, the primary goal of airports and airlines will be to limit passenger contact with surfaces, along with exposure to airport staff. I believe this might spark new startups to accelerate into the contactless technology space. Touch-free technology will allow passengers to limit human interaction and contact from the second you arrive at one airport to the minute you leave another. Currently, United is testing a contactless tagging method that allows customers to register bags before their flights and then confirm with a QR code upon arrival at the airport. (At least we won’t have to deal with the long waits of checking your bag, AMIRITE?!) 

What does the change in travel mean for future business travel? If in-person meetings are deemed necessary, perhaps businesses might be willing to shell out a little extra to fly their employees in business or first-class, or even all be replaced with zoom!

Although it’s hard to predict what the near future will look like with the number of new cases finally beginning to slow down, I do believe contact-less startups will spark investors’ attention, leveraging intelligent operational and passenger technologies, along with innovation in AI, bio-metrics, mobility. Solutions are always an attractive concept, even if implementing change in the airline industry is cumbersome and requires alignments and approval from all parts of the airline ecosystem. All in all, it is imperative that companies not only start thinking of a detailed plan on how they are going to implement new technologies, as well as utilize existing ones, but also EXECUTE!

📺 HBO MAX, What Even Are You? Is it just me, or do you ever spend more time scrolling through Netflix than you do watch whatever it is you decide on? AT&T’s WarnerMedia and HBO revealed their new streaming service, “HBO Max”, on Wednesday morning, capitalizing on the demand for HBO’s premiere shows and movies, as well as the overall increasing demand for streaming services. How is the plan going so far? SensorTower said HBO was downloaded 87,000 times on the day of its release via the App Store and Google Play, compared with over four million first-day downloads for Disney+, and 300 million for Quibi. What the heck is HBO even doing? Let’s take a look!

What Can We Expect?

It’s estimated that approximately 75% of the United States population PAYS for Netflix, a subscription that costs as little as $8.99 per month. In comparison, HBO Max subscriptions cost $14.99 per month. Why not offer more competitive pricing? HBO and Warner Bros. executives believe they have an inventory even more valuable to offer. Coupled with HBO’s prestigious library, and WarnerBros vast array of rich content, HBO Max is set to launch with over 10,000 hours of hit movies and TV shows including the Harry Potter series, FriendsThe Big Bang Theory, and Game of Thrones. In addition, HBO Max plans to produce in-house television specials and movies, seeing as many main streaming platforms have seen recent success with their own homegrown creations. Aside from content, HBO is trying to redefine the status quo with its newly designed “UI” (User Interface). Netflix set a standard with their data-driven recommendations, but HBO personalizes to your watch history using more specific human elements, such as a particular actor or character.

Ev’s Take

While I understand HBO’s desire to get a piece of the streaming service pie, I believe they got it ALL wrong. As HBO Max was set to compete with Netflix, Amazon Prime, and more, they fell short in providing the main premium features consumers look for. 

First off, HBO Max will not be offered on Roku or Amazon Fire Stick (70% of streaming is currently consumed through those mediums). Secondly, HBO Max will NOT support 4k. While I’m no TV binger, charging a monthly premium higher than the industry standard seems a bit unfair when I have to downscale my new 4k Smart TV to 1080p (yes, I fully acknowledge my first world problems).

In conclusion, HBO reminds me of myself freshman year, just trying to figure it all out without any real sense of direction. HBO Max doesn’t seem to max out on any features and will definitely be asking themselves soon – how do we compete in the already advanced market?

🛴 Scoot Gang Ain’t Leaving Anytime Soon! As the sun returns for the summer months and citizens reach their dormancy limits, streets and sidewalks are beginning to fill up (not so hype if you live in LA like me). Although e-scooters have garnered a lot of attention from consumers and investors, cities and legislation are opposed to scooters as a convenient transportation method, concerned they exist as a sidewalk hazard. The solution? Automated driving capabilities (autonomy)! Scooters equipped with autonomy are able to return remotely to their charging docks, booting the reliance on manpower (or rather, the threat posed by human laziness). Furthermore, autonomy eliminates the requirement of cars or trucks to transport the scooters, translating to the main benefit of shared micro-mobility – carbon emission reduction! 

The first company to take the leap was GoX, which partnered with Tortoise to add its autonomous-capable software and cameras on its fleet in Peachtree Corners, Georgia. The company really utilized this time to focus on developing and testing autonomous features in anticipation of the return to normalcy. Now, this is what I like to see! 

The Facts

  • 100 remote-controlled scooters are being piloted at the city-owned Curiosity Lab technology testing ground in Peachtree Corners, Georgia

  • Citizens will be able to hail a scooter via an app, and the vehicle will be automatically returned to a base when the ride is over

  • During the six-month pilot, scooters will integrate geofencing to ensure they stay within the designated 500-acre Curiosity Lab technology park, where 7,500 people work and more than 1,000 people live

Ev’s Take

Though the novel Coronavirus negatively impacted the short-term for many micro-mobility startups, the demand for scooters is here to stay. According to a new forecast from IoT analyst firm Berg Insight, 4.6 million shared scooters will be in operation worldwide by 2024, up from 774,000 in 2019. I’m a firm believer that the transportation space will change most dramatically within this next decade, and startups like Go X are taking a step in the right direction and paving the future of autonomy. 

Though I expect this level of change to occur within the imminent future, I must also note that different complexities and uncertainties that companies must combat in order to see autonomy anytime soon are often underestimated. Hacking security, liability, and most importantly acceptability, are going to have to be the pillars of any company looking to roll out autonomy to consumers. In fact, one company, Uber’s Jump (which is now part of Lime as part of restructuring) had already begun looking into autonomy, but that project is now canceled.

👀Interesting Follows

 

💰 Next Billion-Dollar Start-Ups

📦 How Are Global Shippers Evolving To Meet Tomorrow’s Demand

🚲 Why Did Uber Destroy Thousands Of Electric Bikes

🏃‍♀️ Uber Offering $50 Hourly Bookings To Help Customers Run Essential Errands

💡BasecampShopify, and More Share What’s Next for Digital Products. Sign Up Here!

🥡 This App Will Connect Food Service Workers With Potential Gigs

💼Jobs/Internships

 

New York

 

Los Angeles

 

San Francisco

 

Chicago

👏Recommendations

 

Music

💃 My new fav jam^

 

 

 

 

Video

🔥 Freebies

 

Catch the space launch this weekend and want to see more?! Head on over to Spacetime on the App Store, and Google Play Store to stay up to date with past and future launches. (Fun fact: SpaceX is the first commercial aerospace company in history to launch humans into Earth’s orbit!)

Building A Pitch Deck, Yet Lack Inspiration? Check Out 100+ Successful Startup Pitchdecks here! PitchDeckHunt offers a wide selection of categories ranging from Fintech to Food & Beverages, along with different stages; Pre-Seed to Later Stage.

Hyped About Your New Product, But Want To See If It Has The Potential? Critq.io connects you with an extensive and thorough network of investors and tech enthusiasts to give you the product feedback you need. In addition, Critq.io takes it the next step, not only evaluating your product against the competition but the extensive in-depth explanation for every comment and rating, along with 20+ qualitative questions. 

🕶e8: Spotify or Nothing! What Will New College Life Look Like? THE Tech Shaping Our Future

Business/Start-Up News

🎙️Spotify or Nothing! With an increase in the audio leisure market, podcasting has sparked incredible popularity, accounting for nearly 100 million listeners per week, with over 850,000 active podcasts. This past Tuesday, Spotify shocked the podcast community by bringing Joe Rogan’s successful “Joe Rogan Experience” exclusively to its platform this September for three years in a deal worth well over $100 million. This doesn’t come as much of a shock as Spotify endeavors to become your all-in-one audio entertainment platform. The deal pushes industry standards, not only because Joe has already been wildly successful without the offer, but also because it offers him greater creative freedom to try projects he might not have attempted without the financial security and Youtube’s policy and guidelines. Let’s explore why Spotify’s move could change the future of podcasting forever.

Spotify

  • Don’t worry guys – Joe’s show will still produce the video aspect of the podcast as Spotify is testing video features to the platform. These new developments will likely aid in swaying other podcasters into making the switch 

  • For the ones mixed up, Spotify does not own the IP of Joe Rogan’s show; therefore, they have no creative say.  Rather, the licensing deal simply means JRE must be distributed on their platform, and after the three years, Joe can decide either to leave with all his content or to crank up that deal

  • Spotify acquired Gimlet Media for $195 million, Parcast for $55 million, Anchor for $154 million, and The Finger for $196 million in an effort to become the world’s complete listening platform, not just music…now that’s a lot of money! 

Joe Rogan Experience

  • Joe’s podcast generated over $30M in the last year, collecting over eight million subscribers. Spotify must have incentivized our guy with some generational wealth. Not bad Joe, not bad

  • Last year, Rogan announced that on average his show was being downloaded about 190 million times per month 

  • By September 1st, all of Rogan’s previous podcasts will be available on the platform, and beginning January 1st, 2021 the show will begin exclusively streaming on Spotify

Ev’s Take

Spotify is doing everything right – investing in top-tier talent and brands, implementing State of the Art personalized AI algorithms “BaRT”, and creating strategic partnerships with big-name brands, such as Microsoft and Discord. Considering Joe Rogan’s name is practically synonymous with podcasting, Spotify essentially bought popularity with the purchase of JRE. The fact that he’d never previously been affiliated with any specific media organization could also mean that the brand recognition will translate to Spotify. It’s pure genius on both ends. 

Moving forward, the podcast landscape will have to obey the market trend of signing big talent to a single media entity, as has been seen with musicians, television shows, and gamers in recent years. Who’s next? Alexandra Cooper (“Call Her Daddy”)? Logan Paul (YouTube)? One concern might leave us wondering what’s next for the indie podcast developers. Is signing with a single media giant a career death sentence after all?

 

 

📚Will You See Your Squad At The Quad Next Fall? Going to college is all about experience right? Forging lifelong friendships, delving into classes you finally enjoy, and a time filled with adventurous and challenging, yet rewarding choices. I can’t imagine going back to college and having it be any different, let alone being greeted at a party by Brad and Chad with their N95 masks asking, “Who do you know here?” This past week, the Centers for Disease Control and Prevention issued new guidelines for colleges as many prepare for the upcoming semester and the return of the 19.9 million students enrolled in the U.S. college system this year. While these guidelines don’t specifically state whether colleges should stick to in-person or online classes, they will be used to help reduce the spread and promote a healthy work environment. 

For the ones eager to get back on campus, things will unfortunately not be the same. Classroom layouts will be modified, grab-and-go meal options will replace dining halls, and large school events will be subject to cancellation. Furthermore, the CDC recommended that these universities ensure they have the means to test students and employers for the virus. Currently, the University of California San Diego is testing a pilot program with the current 5,000 students living on campus. But what about smaller private schools with less funding? 

The Facts 

  • The guidelines encourage telework “for as many faculty and staff as possible” 

  • Some schools have decided to change their academic school year schedule altogether. In an attempt to lessen the population’s likelihood of being heavily affected by a second wave, Notre Dame will be starting their fall classes early 

  • Schools are also planning on canceling Fall Break, a time where students typically enjoy traveling

Ev’s Take

Having recently graduated from Indiana University (Go Hoosiers!), and now having had the opportunity to reflect on the best time of my life, I realize that most of my great memories could be attributed to physical experiences. In-person opportunities such as being involved with campus startups (Shoutout: Track My Route and FRAP) have served as pivotal moments in the development of my young professional career. With colleges attracting bright talent from all over the globe, surrounding college towns have become hubs for fostering entrepreneurship and innovation, and serve as the homes for many of the world’s leading companies today. Whether students elect to stay home or return to their college towns in the wake of a “new” college life, I believe that in the short-term we will witness stagnancy in the number of startups being created each year, and can expect a general decline in innovation, contrary to what we’ve experienced over the last decade. Sure, it’s possible to complete sets of tasks at home and communicate through mediums such as Slack, but creating and innovating over distance is another beast, to say the least.  

 

🤖 THE Technology That Will Shape Our Future! Have you ever heard of the term API? Most might say no, but we definitely use it pretty frequently, and on a daily basis.  From Uber to most postal services, nearly every company uses these sophisticated “Application Programming Interfaces” to handle requests and execute data computation efficiently. So why are they so important?

In the past decade, the rise of automation has become increasingly popular because, let’s be frank, who doesn’t appreciate less work? Although automation is extremely helpful, the software isn’t cheap. Many smaller businesses would much rather handle operations through an external API company rather than shell out the big bucks to make one in house. This demand and utilization of an outside API has increased attractiveness for API startups looking to secure major funding and market share positions in their respective industries. Let’s take a look at what’s been going on this past month! 

  • May 4, 2020Daily.co, a 1-click video chat API company, raised $4.6M in funding.

  • May 5, 2020: Treasury Prime raised $9M to bring its banking APIs to market. The banking world is still very much behind the times, something that Treasury Prime wants to change. In short, the startup’s API helps automate banking tasks, which will help institutions make faster transitions into the digital age

  • May 13, 2020: FalconX raised $17M to power its crypto trading service 

  • May 21, 2020: Skyflow raised $7.5M to build its privacy API business

Ev’s Take

Although many of us are unfamiliar with API’s, there’s no doubt that this technology will impact the future of work efficiency and possibly become essential for business success. API startups haven’t raised exponential capital and are nowhere near unicorn status; therefore, there remain numerous undiscovered opportunities for these companies to flourish.

I wonder, will video chat customer service be a new market trend utilized by businesses or will traditional phone and text support still reign supreme? With traditional keyboard and logging roles diminishing, the demand for automation has only increased, forcing companies to not only immediately become more flexible and rapid with responses, but to remain dynamic in their ability to grow and change considering how easy APIs are to integrate. Although the future of back role office positions looks slim to none, the need for advanced and efficient software will ultimately drive the workforce devoted to software engineering and data!

👀Interesting Follows

🏠 Following Last Weeks Newsletter, Facebook Is The Newest Tech Giant Allowing Employers To Work Home Indefinitely

🧑‍⚖️ “Call Her Daddy”, more like “Call Her Lawyer

🚀 NASA & Space X are set to Launch Their Astronauts in Space Next Week

✅ 3 Qualities (and 2 bonus traits) of Top Banking and Finance execs

📓 How an Inmate Serving for Murder Made a Huge Mathematical Discovery

⛺ Want to Build a Fort at home, IKEA Shows Us How!

🐦 Twitter is Testing a New Feature Allowing Users to Determine Who Can Reply to their Tweets

💼Jobs/Internships

New York

Los Angeles

San Francisco

Chicago

  • Content Writing Intern (Uptake)

👏Recommendations

Music

Video

 

🔥 Freebies

🃏Missing The Boys A Little Extra? Check out Lipoker, poker online via desktop and mobile browsers. Play games without having to download or sign up for anything, simply share the link and start dealing. Developers have mentioned that their next version will include Venmo payout integration.

📝 Missing The Magic Touch? ResumeWorded Comes In Clutch! Simply upload your resume and let their powerful AI software analyze your resume and provide feedback based on a score of areas of improvement. After all, your resume should be clear, summarizing your accomplishments and skills, and highlighting relevant experience.

🕶e8: Sorry Boss, I’ll Be Working From Home…Forever!

Business/Start-Up News

🏠 Sorry Boss, I’ll Be Working From Home…Forever! Imagine waking up to an email from your boss telling you that you’re allowed to work from home permanently, even after the jobs start to resume and pandemic lockdown passes. Twitter, a social media giant with 166 million Monetizable Daily Active Users (mDAU) and revenues of $808 million in Q1 2020, became the first major tech giant to allow employees to continue working from home indefinitely. The company has been at the forefront of combating the fears of the virus as they were one of the first to encourage their employees to work from home early March, followed by Amazon, Microsoft, and Google.

This might be a good thing…

Twitter’s head of human resources, Jennifer Christie, had told BuzzFeed News that, “People who were reticent to work remotely will find that they really thrive that way…Managers who didn’t think they could manage teams that were remote will have a different perspective. I do think we won’t go back.” Here is probably why…

  • According to a two year Stanford study conducted by Nicholas Bloom, WFH employees work more true full-day (or longer) shifts as opposed to leaving early or arriving late multiple times a week. The study’s employees also reported increased attention spans, stating they found it less distracting and easier to concentrate at home

  • Incredibly, motivation increased and employee attrition decreased by 50%, as many took shorter breaks, and took less time off

*Check out Nicholas Bloom’s TedTalk in our Recommendations down below!

Moving Forward 

Seeing as most large tech companies are known for their extraordinary headquarters supplemented with health and fitness centers, beautiful interior and exterior designs, oh, and let’s not forget about the kombucha, a permanent WFH situation could mean something unusual for the future of the industry. How so? Well, if other large tech companies follow the footsteps of Twitter in allowing their workforce to have the option to work remotely forever, this could affect the future hiring and talent that Silicon Valley depends upon.

  • Jack Dorsey, CEO (Twitter), announced that the company is unlikely to open their doors until September, and that business travel will be canceled until further notice

  • All in-person Twitter events have been canceled while the company reassesses its plans for 2021

  • Twitter upped their allowance for home supplies to $1,000 for all employees

  • Google has followed a similar direction, granting employees the day off on May 22nd to help alleviate burnout (Google plans to reopen its offices in July)

  • Facebook has also canceled all in-person events through June 2021 (plan on reopening offices in July)

  • Amazon has also extended its WFH policy until October, at the earliest

Although the near term future of work and office culture is unpredictable, I do believe companies have the ability to take action to figure out new incentives to keep employee morale high and motivated during these unprecedented and tragic times. I’m really curious to see if any other major tech players will replicate Twitter’s new announcement, as well as future benefits and problems that arise from working remotely indefinitely.

 

🍜 Meal Kits Create A New Appetit: As consumers have been stuck at home, many meal kit services are capitalizing on the culinary convenience of delivering pre-made quality food to your doorstep. Blue Apron, the pioneer of the industry, has seen shares rally over 98% this last quarter, while the S&P 500 fell 16.8%. Although the company is up for sale, CEO Linda Kolowski told CNN Business in an interview that the large surge in demand has led the company to search for more staff while evaluating “strategic options”. As restrictions loosen up, Wall Street remains skeptical of the long-term growth and sustainability of the independent company. 

The Facts

  • Blue Apron has hired more than 300 people at their New Jersey and California fulfillment and distribution centers as demand surged 27% in the first three weeks in April

  • Blue Apron is currently in the process of opening a third warehouse in Texas this quarter to help cut costs and ultimately make operations more efficient while increasing quality as produce gets transported faster

  • Blue Apron comes in second in terms of market share in the Meal Kit Industry at 22%, as Hellofresh takes first at 28%, while Home Chef and Platted follow with 13% and 10%, respectively

Delivering the perfect balance of home-cooked meals and takeout, the meal kit service industry is now a $1.5 billion market and growing. There is no doubt that big players will want to snag a piece of the pie. Uber had offered to buy rival GrubHub in an all-stock purchase to help the company converse cash given its current market position. The deal would help the large players dominate the increasingly broader competition by creating the largest food delivery entity in terms of sales. All in all, as the restaurant experience is on pause, the convenience and quality might spark an appetite for meal kits as an appealing alternative, as many still refrain from eating out.


🚆 Transportation Industry Ain’t Cruisin’: As companies try to protect employees’ health by allowing them to work from home, the transportation industry continues to combat daily changes. However, the challenges faced by automotive giants present new opportunities for startups to exploit, ranging from improving the logistics management of existing companies to developing their own autonomous freight systems. Better yet, start-ups could even create their own electric vehicles! Let’s cruise through what’s currently happening in the space…

The Bad 

While many traditional established automakers are coping despite the decline in demand for vehicles and shutdown of operations, Electric Vehicle startups are positioned far worse as most don’t have the capital to idle for weeks, possibly months. Furthermore, even if they do manage to cling to life these next few months, who’s to say they’ll survive an entire recession? 

  • Rivian, the Michigan-based electric truck startup, had to postpone delivery for their R1T pickup to next year as their plant in Normal, Illinois has been on a standstill

  • NIO, often referred to as the “Tesla of China” seen shares plummet 27% last month as the Chinese government suspended all-electric vehicle subsidies, weakening demand

The Ugly

Car sharing services are expected to be impacted the most during COVID-19, as the car-sharing market is estimated to lose nearly 60% of its business for the remainder of 2020.

  • In April, rides were down 75% year-over-year, but Chief Executive Logan Green said Lyft saw moderate week-on-week growth in ride requests starting in mid-April

  • Lyft temporarily paused shared rides across all of its markets

  • New data from SuperFly shows Uber rides in the US have fallen by as much as 94%, a larger dip than the one disclosed by Uber in early March

And Now For The Good

 As COVID-19 drastically changes how businesses carry out operations, one thing is clear and it’s that supply chains are more sensitive and complex than imagined. Many VCs have been poking around the Logistics and Trucking sectors as demand surges in delivering critical medical supplies to hospitals, stocking the shelves of grocery stores that are constantly sold out, and distributing a slew of online shipments to everyone binge-shopping at home. 

  • Nuvocargo raised $5.3 million seed round to help modernize door-to-door freight transportation between the U.S./Mexico 

  • DispatchTrack, a last-mile delivery platform, has closed a $144 million investment as the company surpassed 60 million deliveries this year

What Next

The coronavirus, compounded with the changes in consumer behavior which will likely outlast the pandemic itself, are translating into numerous uncertainties for the transportation industry. As such, I believe that greater attention will be drawn towards autonomous delivery vehicles (check out what Postmates is doing here), including drones, as the demand for a more efficient and contactless supply chain increases.  Even if we aren’t speeding across freeways, we might soon be spotting more of these!

👀Interesting Follows

❓ What Happens if the President Tests Positive for the Coronavirus?

💰 Facebook Acquires Giphy for $400 Million, But Sparks Antitrust Attention in Congress

🎮 Video Game Spending in the U.S. Surged Hitting a New Quarterly Record

🍕 Slice, the Custom Pizza Delivery Service, Raised $43 Million in Series C from KKR

📢 Loud Talking Could Leave COVID-19 in the Air for 14 Minutes!

🛋 How This Company Is Offering Automated Interior Design Advice to Customers

📡 COVD-19 Shows We Need Universal Basic Internet Now

💼Jobs/Internships

New York

Los Angeles

San Francisco

👏Recommendations

Music

 

Video

🔥 Freebies

Laid off recently in the tech space? Pelion offers a mentorship program where they connect you to someone in the field who can give you advice, help you practice for your next interview, or even just offer some emotional support. Easy to sign up, it’s worth a shot!

Zoom over to Google Meets! Google Meets has decided to offer all of its premium services for free to all users through September 30th! This means you’re able to video chat with up to 250 people in one call (great for graduations happening all over the country), as well as host live streams with up to 10,000 guests while being able to record and download your streams and calls all onto your Google Drive. Cya, Zoom!

Not Sure Where to Find Capital, Come Get Your Bread! Remote Demo Day is an opportunity to pitch your idea in front of thousands of potential investors, all for free.

🕶e8: Businesses Start to Reopen! AirPods Would Be The 32nd Largest Company! Opportunity in Gaming Infrastructure?

Business/Start-Up News

🚪 Businesses Start to Reopen: As we approach our tenth week since the United States instituted the national stay-at-home orders, and implemented the largest economic and tax relief bill in history as unemployment soared to 14.7%, many question if there will be light on the other side of the tunnel. As this second wave of reopenings begins for most states, it is vital our economic fiscal and tax policy be in place to ensure businesses have the ability to stay afloat until this storm settles. Small businesses are affected the most, as many might have savings to withstand a singular stormy night, but not a month, nevermind a quarter. However, most importantly, many are afraid that reopening business will lead to a devastating second wave. Dr. Ali Khan, former director of the Office of Public Health Preparedness and Response at the Centers for Disease Control and Prevention, says he is confident that a second wave will happen as a vast majority of people in the U.S. are likely still at risk of contracting the virus. Let’s take a look at what went down during the week.

Democrats v. The Airlines

The airline industry, without a doubt, has experienced unprecedented levels of turbulence. The International Air Transport Association had estimated that the airline industry could face losses between $63 to $113 billion in revenues due to the pandemic. And yet, despite the immense amount of pressure the industry is facing, Democrat lawmakers decided to add fuel to the fire. Senator Maria Cantwell (D-WA) singled out Delta Air Lines, Jet Blue, and United Airlines for their decisions to cut employee hours. Why did she call them out? Under the CARES Act, the stimulus law authorized $50 billion to help airlines continue operations and help pay wages. 

While many companies are figuring out different methods to combat their enormous losses, one thing is clear and it’s that fear incited by the coronavirus will likely govern far more travel decisions in the future, and to the detriment of the travel industry. 

PayPal

It’s clear that though many businesses cannot accept transactions in physical stores, the stay-at-home restrictions have caused online transactions and payments to skyrocket. Paypal, a payment processing platform, has seen growth during the pandemic, adding on an average of 250,000 active new accounts every single day, accounting for a 135% increase since last month. Although the closure of shops may have hurt revenue for Square and PayPal in the short-term, they believe the crisis has expanded most companies’ customer base which will contribute to long-term sustainable growth. As many start to familiarize themselves with e-payments, I wonder – will we still carry around cash as restrictions start to loosen, or is this the beginning of the transition to a cashless economy?

*Did you know that cash payments only accounted for 28% of transactions last year?

*Remember how Google announced their new debit card two weeks ago? Well, it looks like Samsung wanted to take a stab at the game as well. Check it out here.

Retail

While it’s no news that brick-and-mortar retailers haven’t benefited from the evolution of e-commerce, it’s difficult to gauge how many doors will open back up as full effects of the pandemic aren’t priced in. For those that do reopen, be sure to keep in mind that the shopping experience may not be quite the same as before. Gap announced that it has implemented a range of safety precautions in stores, including supplying associates with face masks, installing plexiglass partitions on the registers, closure of restrooms and fitting rooms, and returns will be quarantined for 24 hours. 

Openings and Closures

  • Luxury department store Neiman Marcus Group, as well as J. Crew Group, had filed for Chapter 11 bankruptcy protection this week as both face eroding profits with temporarily store closures 

  • Gap plans to open 800 stores by the end of the month, with brands such as Old Navy, Banana Republic, and Athleta

  • Macy’s, the biggest mall operator in the U.S. planned to reopen all its 775 stores, including Bloomingdales within the next six to eight weeks

p👂🏻👁 👁👂🏻q Where Dey At Doe? Three years ago when Apple introduced the AirPods, no one thought this fashionable accessory would soon become one of the most iconic products introduced in the decade. Since launch, the earphones alone have generated more earnings than AMD, Twitter, Snap, Spotify, or Shopify…like, WOAH! As Bluetooth capabilities improve, and as the wireless market starts to evolve, Apple is strongly positioned for this large runway of growth. Approximately 90% of iPhone users still don’t have their hands on a pair, and the somewhat steep price ($249 for the new 2nd generation model) doesn’t seem to be dissuading millennials and Gen Zers from ascribing to the hype. While the AirPods gained momentum rapidly, Apple’s other wearable accessory, the Apple Watch, has also overthrown the entire Swiss watch industry in terms of sales. Not bad, Apple!

The Facts 

  • In 2019, the company estimated $7.3 billion in revenue with over 35 million units sold, up 121% from the previous year

  • Stats show that if AirPods were a separate entity, they would be the 32nd largest company in the United States

  • Projected AirPods shipments for 2020 are expected to reach a staggering 100+ million

  • This will correspond to $20 billion in revenue, assuming an average selling price of $200, as well as $175 million in profit with a net profit margin of 35% (using a conservative valuation) 

 

🕹Let the Games Begin: Opportunities in Gaming Infrastructure: Gaming has seen an immense spike in popularity as the majority of the population is stuck at home. Multiple games have been setting records for peak player activity, and VCs are diligently scouting for opportunities to score on upcoming technologies going mainstream. However, this technology is not new, and although VR has made drastic improvements over the years, there is still no doubt real privacy and security risks exist. All aside, let’s check out what’s going on.

Virtual Reality

VR has been a hit in the gaming market leaving big companies like Facebook scrambling to produce more units of their successful Oculus Quest Headset. Facebook reported 5.7 million headsets shipped in 2019. Furthermore, with non-gaming industries going virtual, including music and sports, it becomes more likely that the average person might pick up a set. This expansion has led many investors to consider pouring their dry powder into this emerging market.

*Finland just utilized virtual reality to host their annual May Day celebration, and more than 10% of the population tuned in

Live Streaming and eSports

Everyone is flocking to streaming as it has become the best way to keep connected with fans in every industry. Twitch.tv has been experiencing its highest average concurrent viewers of all time at around 1.44 million and it’s unlikely this growth will slow down anytime soon. This is due to the fact that many concerts have moved to “virtual” experiences, and professional athletes such as Motorsport Racers have moved to simulator racing to keep their seasons going. Formula 1 had postponed their season along with other races, thereby creating a unique opportunity to enter into the space of virtual sports. Torque eSports’ All-Star Battle last March had hosted some of the world’s most renowned racers. All in all, the battle racked up a total of 12.1 million viewing minutes! Oh, and let’s not forget about Fortnite and the records Epic Games set last week hosting Travis Scott in their in-game concert.

*Source: TwitchTracker

👀Interesting Follows

🤝 Zoom acquires Keybase to help alleviate their security problems

⚠️Wearing masks may have surprising consequences

☑️ Facebook introduces a new dark mode

📊 The state of employment in pandemic America, in 6 charts

🗝 Making smart cities cyber secure

♻️ The Hydrogen Economy’s Time Is Approaching

🧯With the world distracted, the Amazon rainforest continues to burn

💼Jobs/Internships

New York

  • Wealth Management Intern (UBS)

  • Intern (Techstars)

  • Compliance Program Intern (Coinbase)

  • Acquisitions Analyst (UBS)

  • Content Team Intern (Splice)

  • Securities Investment Banking Summer Analyst – Restructuring (Guggenheim) / 2021

Los Angeles

San Francisco

*Still looking? Upload your resume on Hirehub, and get connected with recruiters!

👏Recommendations

 

Music:

 

 

 

Podcasts:

🔥 Freebies

 

Is your start-up ready to apply to an Accelerator? Check out this list of over 400 accelerators you could apply to today!

Kickstart your next business venture with professional design work! Head over to Tailor Branding and simply enter the name of your company and let the magic appear in front of your eyes. Using the power of AI, creating easy-to-use branding has never been simpler.

🕶e8: Tesla To The Moon, Or KABOOM? 100% Accurate Coronavirus Test! How Much Of The Internet Is Fake?

Business/Start-Up News

🕺 Classy Bougie Ratchet. If you’re not chopping your own bangs, chances are you’ve either mastered or at the very least heard of, “throwing it back” (we don’t judge). Tiktok which allows users to post 15-second quirky videos has topped two billion downloads. The vast majority of Tiktok’s traffic is attributed primarily to Indian users, accounting for 30.3% of installs, followed by China with 9.7%, and the U.S. with 8.2%. With over 315 million downloads this past quarter, the social video giant has set a record for the most amount of downloads ever within three months. While the platform has seen unprecedented levels of popularity and exponential growth in their user spending, TikTok has laid down a successful foundation for the short-term, but will this retention last post-crisis, or is this the peak?

The Stats

  • Lifetime user spending rose to $456.7 million, doubling what the app had generated when it reached 1.5 billion downloads just a couple months ago

  • TikTok attracted over 12 million unique U.S. visitors in March (including my mom – things could get weird) for a total of 52.2 million users

  • Time spent within the app also surged 10.8% in March, totaling eight hours per month

 

 

🤡 How Much Of The Internet Is Fake? Turns out a LOT more than you’d expect. According to a study early this year, more than 40% of web traffic is non-human. Recently, researchers at NYU had discovered many Instagram groups with thousands of members exchanging likes and follows with each other (deemed engagement pods). This form of boosting engagement on users’ posts helps trick the algorithm into increasing the visibility of those users’ to the public.

The Facts

  • Instagram replaced their old algorithm, which displayed content in chronological order, with one that prioritizes posts that the algorithm believes will be of most interest based on your past behavior 

  • Research indicated that nearly two million posts had been exploited, with over 100,000 members taking part in engagement pods

Unstoppable

  • With many engaging and manipulating one other’s postings, this fake engagement helps boost real organic growth. The users are now replacing the “bots” and Instagram’s algorithm can’t determine who is who

 

🔊 ITS LIT! said 27.7 million players who attended Travis Scott’s in-game performance via Fortnite, the second virtual concert Epic Games has hosted. Fortnite is the only game thus far that has offered such a unique experience to its players. Perhaps, Fortnite may be the only game that could pull such a thing off? It’s clear that even though the concerts may seem corny, many still enjoy the Astronomical experience.

Who Benefits?

…everyone!

Travis Scott

  • According to Alpha Data, Travis Scott’s listening streams had increased by 26%, and hits such as “Stargazing” topped 50% ahead of the show

  • The concert contributed to the hype of “The Scotts”, a new teased single that only Fortnite attendees could witness

  • “The Scotts” had the biggest global streaming debut, accounting for 7.5 million plays, surpassing Billie Eilish’s “No Time To Die”

Fortnite

  • Topping the charts on free games to play by revenue in 2019, Fortnite’s revenue was a ridiculous $1.8 billion which primarily consisted of in-game cosmetic upgrades known as “microtransactions

  • While capitalizing on this increasing trend by offering limited edition Travis items, emotes, and more, Fortnite’s live event further helped boost activity to players who have drifted to other multiplayer games

*For You Playstations Nerds: PS5 Might Have Leaked

*If you didn’t get a chance to attend the concert, you can check it out here

 

🚀 Tesla To The Moon, Or KABOOM? Tesla has had a very interesting year from a 52-week low of $176.99 and a high $968.99. Tesla shares, relative to the broader market which is at a loss of 14%, are up nearly 65%. And yet, on Friday morning, Elon Musk tweeted that he believed his stock price was “too high.” Within minutes of the tweet, shares fell by nearly 12%. On Wednesday, April 29th, Tesla reported earnings of $16 million in the first quarter (9 cents per share vs. GAAP loss of $4.10 per share a year ago). These earnings are quite impressive given the difficulties the auto manufacturer has been facing given supplier shutdowns, as well as lower consumer discretionary spending. Now, the big question is whether Musk will deliver his target of 500,000 vehicles by the end of this year?

What To Look Out For

  • Second-quarter numbers are anticipated to be worse than expected, with the second half of the year nearly impossible to interpret or predict due to uncertainty of the duration and impact of the virus

  • Model Y delays affect plans as it was projected to outsell every other vehicle according to Musk, and was part of his plan to boost deliveries globally by more than 36% this year

This next quarter is going to be very interesting with many unknowns. Although Elon may not accomplish what he says in time, he always delivers, and his product always exceeds expectations!

👀Interesting Follows

🤔 Why Is 6 The Number Of Feet We Have to Distance From One Another?

💵 Global-View Of How Consumer Behavior Is Changing Amid COVID-19

✅ How This Pandemic Could Help Fix Capitalism?

😨 Tensions Rise As States Start To Reopen Businesses!

🧪 100% Accurate Coronavirus Virus Test! 

🌿 The Latest State Of The Cannabis Industry

📱 Did 5G Cause The Corona Virus?

💼Jobs/Internships

New York

Los Angeles

San Francisco

Chicago

👏Recommendations

Music:

Drake – Dark Lane Demo Tapes

 

Travis Scott- “The Scotts”

Books:

Charles Duhigg from The New York Times writes The Power of Habit to explore the science behind human behavior and how habit formation can become an integral part of the reader’s life. Duhigg dives into hundreds of scientific papers and corporate cases, including extensive interviews with accredited behavioral scholars, to uncover the power of habit recognition and rebuilding. Thank you Connor Busbia for the suggestion!

“Once you understand that habits can change, you have the freedom and the responsibility to remake them. Once you understand that habits can be rebuilt, the power of habit becomes easier to grasp and the only option left is to get to work” – Charles Duhigg

🔥 Freebies

👔 Check out this active list of companies still hiring! As many businesses find themselves mandatorily closed due to the pandemic, people are left without a paycheck and looking to find work. Thankfully, our friends over at levels.fyi have been keeping an updated list of all the companies looking for positions. They allow for easy position filtering and a verified salary system that sends reports about position salaries based on what companies are paying for them!

📄 In need of legal documents for your startup? Avodocs got you covered! Have you ever had that one co-founder babble your idea to a VC just to get your idea stolen? Well, have no fear, Avodocs is here! They have many of the basic legal document templates that any new company is looking for when establishing themselves. From Privacy Policies to NDAs and SaaS Agreements, they’ve got you covered!

🧘 Do you live in LA and need some space? Headspace is currently offering free premium subscriptions for all L.A county residents. Guiding you through proven research, they redefine what it means to meditate. A sleek user interface, cute aesthetic, and meaningful meditation sessions keep us coming back day after day to practice the art of mindfulness.

*Sponsored

💏 Scramble Is Currently Recruiting For Summer Interns! 

Scramble is a start-up dating platform that allows students to connect and send messages to their campus crushes. After successfully launching in a test market in early 2020, Scramble is expanding to new schools and adding new products. The Scramble Team is currently looking for interns with interest in joining:

  • UI/UX Design, Software Engineering, Business Management, and Campus Ambassador teams.

To apply or learn more, fill out this Google Form, or email team@scramble.fun

*All positions are able to be completed remotely

🕶e8: Are Internships Dead? Useful COVID-19 Tracker? Mining in Space?

Good Morning and Happy Sunday! Welcome to the e8 newsletter, a hand-picked collection of business and start-up news, resources for entrepreneurs, job/internship postings, and noteworthy trends that are happening this week! I hope you find this weekly newsletter informative and engaging, and as always, stay healthy!

 Business/Start-up News

❗College students and soon to be graduates are scrambling to discover their next move. As many students’ have learned that their summer plans are being affected due to COVID-19, employers must decide the fate of their up and coming plans, and the interns who come with them. Since health and safety is a top priority for many businesses, companies are making drastic changes from working remotely to facing layoffs and even closures. Interns do not know what programs will remain in place or what companies will even remain open. 

  • ZipRecruiter reported a fallen 31% of internship openings advertised on their website

  • Glassdoor StubHub, Funding Circle, Yelp, Checkr and even the National Institutes of Health, have canceled their internship programs due to COVID-19

  • Goldman Sachs delayed and shortened their intern program, though interns will be compensated in full

  • For companies that rely heavily on early talent, cancellation of internship programs may result in diminishing long-term success. Young talent-driven businesses have moved their summer programs virtually including Google, Twitter, IBM, Microsoft, Lyft, and Salesforce, reported Axios

👔 Current State of U.S. Employment

  • Last week alone, more than 4.4 million Americans filed for unemployment insurance according to the Department of Labor.
  • 22 million people have lost their jobs and filed for unemployment since the COVID-19 crisis hit the U.S.
  • Prior, U.S. unemployment was at a historic low of 3.6%

💳 Leaked Google Debit Card? As fintech is maturing and providing more holistic and feasible solutions for customers, many large tech companies are looking to be at the forefront of the changing landscape of transactions. According to a report from TechCrunchGoogle is currently testing a branded smart debit card that will help customers make and track purchases from online and in-store transactions. The card will help customers track purchases, leverage Google tools such as Maps, and allow heightened security measures like being able to lock the card through the Google Pay app. Although this is a debit card and not credit, it is not yet reported if Google will be providing any incentives such as cash back as seen on the Apple Card.

Competitors: Major competitor Apple launched its version of its credit card this summer. Although Goldman Sachs had announced that it had issued over $10 billion in credit for holders, and that card users have used over $730 million in loan balances, that doesn’t necessarily mean it has been successful. Nonetheless, Apple has not yet announced any key metrics related to their Apple Card. Bit strange…right?

🦠 COVID-19 Tracker? Can it Help?

Instagram co-founders Mike Krieger and Kevin Systrom recently launched rt.live: a COVID-19 tracker. This tracker is different from many others as it tracks Rt, a key measure of how fast the virus is growing in each state. “Rt” measures the average number of people who become infected by an infectious person in a specific location. A measure greater than 1 indicates the virus spreading, and vise versa. 

What’s the Point?

As it is up to the states to reopen non-essential businesses and stay at home order restrictions, these graphs could be vital in determining how states are performing once restrictions lessen. If the graph starts to escalate while the restrictions have loosened up, states could use this tool to reimpose social distancing and stay at home orders if needed. We are slowly witnessing some states and countries relaxing their stay at home orders.

  • Selected beaches are reopening in Florida and Australia

  • Bookstores, laundries and children’s clothing stores, have reopened in Italy (hardest-hit region Lombardy remains on lockdown)

  • Norway begins to open schools for younger children, and businesses such as hair salons will be permitted to reopen

According to rt.live as of April 25, 2020:

  • Nebraska has the highest score: 1.31

  • Ohio scored lowest: 0.79

🏊‍♂️Heads-up display A/R Swim Goggles! Ever wanted to track how fast you are swimming? Form has developed augmented reality smart display swim goggles that track key metrics intelligently while in the water. Form currently tracks split time, pace per 100, distance, interval time, rest time, total time, stroke rate, stroke count, distance per stroke, pace per 50, length count, calories burned, and heart rate support.

👀Interesting Follows

 

🚀 Trump Administration wants to mine resources in space?

🌠 List of 25 Different Technology Trends that will shape our next decade!

🌡️ Large Corporations are starting to screen employees by checking their temperatures. And do employers need their consent?

💰 Take a look at who is hiring right now!

🛏 Casper doesn’t seem too comfy anymore

🍿 Netflix adds over 15 million subscribers, but how long can the growth last?

💬 Facebook rolls out new feature “Messenger Rooms,” as real-time video demand surges

☕ Step Up Your GameBecome The Barista You Always Wanted To Be

💼Jobs/Internships

 

New York

Los Angeles

Chicago

👏Recommendations

🎙️ Podcasts

The Full Ratchet: Kingmaking, De-Risking Every Investment & the Future of Real Estate Tech (Brendan Wallace)

Many are either unsure or have not heard of “RE property Technology,” arguably the most “early-inning” investment area for VC’s. Hosted on Nick Moran’s (IU Alum~Go Hoosiers) podcast TheFullRatchet, Brendan Wallace, founder of Fifth Wall VC, explains how prop-tech may reshape our everyday lives.

In particular, we were fascinated by his discussion on how the emergence of the automobile in the early 1900s sparked suburbanization, RE development, infrastructure, etc. With that, he suggests that the electrification/automization of vehicles could change the way we interact with the built world. Thank you, Drew Hyman, for highly recommending this thought-provoking podcast to any of our readers.

Music

Still Woozy – Window

Tom Misch – What Kinda Music

🔥 Freebies

✍️ Transcribe your Zoom calls with Otter.ai’s powerful AI-powered assistant. Now you can easily check back on your lectures and meetings for any details you might have missed. Otter.ai records in real-time, while also allowing users to organize, edit, share their conversations from any device.

📈New Favorite Productivity App: NotionNotion.so is an all-in-one workspace where you can write, plan, collaborate, and get organized – it allows you to take notes, add tasks, manage projects & more. Get that ish!

💡Need Help Creating a Name? Let AI Do The Trick: NamelixCreating a new name can be extremely difficult and overwhelming. Namelix is a creative solution in which users simply enter a few branded keywords, name length, and name style, and AI automatically generates hundreds of potential names. PLUS, Namelix automatically creates logos and provides color pallets to help bring inspiration to your brandable names!

💯Thank You For Reading, See You Next Week

*Special thanks to our editor Britney Facenda!


What’s up, my name is Evan Hiltunen! I am a senior studying finance at Indiana University and incoming financial analyst @Goldman Sachs. I have a strong passion for start-ups, finance, and technology, and hope you can find this newsletter informative!

Thanks for reading e8. I’d love your feedback – feel free to email us at thee8newsletter@gmail.com