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P.S. You Should Know... | Issue #155

👋 Welcome back to P.S. You Should Know… probably the best newsletter published on Sundays between 6-7
March 15 · Issue #155 · View online
P.S. You Should Know...
👋 Welcome back to P.S. You Should Know… probably the best newsletter published on Sundays between 6-7am CST, and definitely the best one published by me. Now in its fourth year!

my story 🚀
Happy 4 months Daphne!
Happy 4 months Daphne!
Each week when I set goals, I also predict obstacles that might stand in my way of success so I can mitigate them. Last Monday, I did not manage to predict the coronavirus would take over so much mindshare. Now it seems the societal impact is nowhere near peaking and the financial impact is quite clear.
During the 2008 economic crisis it was hard to stay cool-headed amidst the omnipresent doom and gloom chatter. Today I am slightly better educated about my human psychology. I know that I will, by default, overweight the importance of what I hear most frequently. I hope to do a better job of clear, independent thinking this time around. If you catch me buying into some BS, though, please let me know promptly!
someone else's words 💬
fun facts 🙌
The world’s most powerful corporation. To work there, employees had to post a sizable performance bond! “The East India Company was vast and powerful, hiring thousands across the world. But what was it like to work there? And are there parallels with today’s multinationals?” | learn more
Sovereign states default all the time. “The following list includes actual sovereign defaults and debt restructuring of independent countries from 1800 till 2012.” Fun example: Spain had a hot streak of 8 defaults during the 1800s. | learn more
Virus, the beautify of the beast. “An interactive science video about viruses - and how humans have accidentally imitated them.” I found this via Explorable Explanations – check it out for more interactive learning, especially since you’re stuck at home for the rest of the month. | learn more
oh, chicago 🏆
Another scooter pilot coming to Chicago this summer. This time there will be fewer companies participating. Having 10 different brands scattered about last summer was a hot mess. | learn more
Who runs Chicago? This article discusses the shift of power from manufacturing to the industries of finance, insurance and real estate. The authors surface some interesting history and facts that make this worth sharing. Unfortunately, the authors demonstrate a poor grasp on economics, the value of capitalism and financial incentives. Be warned: this was an article I had to hold my nose to get through. | learn more
tech, startups, internet ⚡
VCs say they’re still open for business. Axios informally surveyed about 40 firms and they all stated they’re still making deals despite the current economic (and health) environment. I suspect this is an optimistic assessment and we’re going to see a slow-down in funding. To be fair, I have no data to point to in support of my suspicion. | learn more
Sequoia is walking away from a $21 million investment they just made. Sequoia realized, shortly after writing the check, that they have a conflict of interests. They decided to cut all ties and walk away, leaving the money as a parting gift. | learn more
Investment memo for YouTube in 2005. The video sharing site was just 6 months old at the time. How fun to get this inside look 15 years later! Sequoia VC Roelof Botha had to disclose this during YouTube’s lawsuit with Viacom. | learn more
better doing 🎯
What to do if you find yourself working remotely for the first time. Wonderful experience-based advice from Stella Garber. “Whether it’s a new job, a family situation, or even a global pandemic, you may find yourself working remotely for the very first time. Plot twist: It may not even be your choice. Fear not friends…” | learn more
retail therapy 💸
Why all the Warby Parker clones are now imploding. The story of how VC funding ruined a generation of direct-to-consumer startups. Grow, baby grow! | learn more
How SARS gave us Alibaba. The outbreak of SARS coincided with the 2003 Canton Fair, a GIANT trade show that China chose not to cancel. Alibaba, tiny at the time, channeled the motivation to build Taobao and Alipay – two monster businesses. | learn more
under the microscope 🔬
How to build a genome. This article from Nature is interesting background about the toolset that helps synthetic biologists assemble DNA. | learn more
Red meat therapy. Late last year a meta-analysis of studies related to red meat caught media attention. Mostly, the media message was: “turns out red meat isn’t actually bad for you.” That’s not exactly what the study says, though. Paul Kedrosky uses an interesting analogy to medicine to help explain the study’s findings: number needed to treat (NNT) and number needed to harm (NNH). | learn more
thoughts of food 🍔
Lobster prices plummet as Asian demand disappears. “The coronavirus outbreak is turning one luxury treat reserved for special occasions into a meal bargain hunters can afford.” | learn more
on the blockchain ⛓
Chainalysis: only 1% of $1 Trillion transacted in crypto in 2019 was illicit. I guess that’s a pretty small percent? I wonder how it compares to US Dollars. | learn more
calls to action 👇
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