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P.S. You Should Know... | Issue #238

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October 17 · Issue #238 · 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 fifth year!

my story 🚀
Great times in Austin!
Great times in Austin!
  1. Dreams of a smart home. The builders of our home did not skimp on light switches. There are so many, in fact, that turning all the lights off each evening is a bit like solving a puzzle. I bought a label maker and got to work labeling most switches. Kim laughed at some of my naming conventions (“cans”). While labels helped, I soon started dreaming of being able to tell Alexa or Siri to turn off all the lights—or more aspirationally, to turn on a specific set of lights to a certain dimmer level. If you’ve done something like this at your home, I’d love to hear the details!
  2. Amazon Warehouse Deals. Some years ago, a friend clued me in to a terrific way to save money on Amazon purchases. It’s the equivalent of buying the “open box” item from a big box store: Warehouse Deals. In this case, the items are each inspected by Amazon before sale and labeled with their imperfections. In the rare event that the condition is a problem for me, I just return it. Of course, I love saving money on purchases, but I also love feeling like I’m doing some environmental good by diverting demand away from brand new products. If you’d like to consider the option next time you’re buying on Amazon, just scroll a bit past the “buy now” button to explore the “New & Used” options. Also, complete your purchase on smile.amazon.com and they’ll give a small kickback to a charity of your choice!
fun facts 🙌
Typos of the New York Times. There’s a twitter account for that. | learn more
Gen Z and millennials are reviving an ‘old money’ aesthetic. “Prep is back, and it’s bigger than ever. Think WASPy dinner parties, country clubs, and summer sailboat vibes. Over the last year, Gen Z and millennials have cultivated an "old money” aesthetic that romanticizes the aristocratic upper-crust lifestyle, and a certain form of privilege untouchable for many.“ | learn more
The Russian Navy visits the United States (1863). During the Civil War, Russia was the only European power that preferred the North. Largely for Russia’s benefit, they sailed ships to both San Francisco and New York. It was a show of support that helped the Union’s morale at pivotal time. | learn more
tech, startups, internet ⚡
ESW Capital operating manual. “Joe Liemandt is the billionaire founder and CEO of Trilogy Software and ESW Capital (short for enterprise software) a holding company that buys software companies. It is essentially Liemandt’s family office funded by his $3 billion fortune. ESW buys US software companies and turns them into cash machines by replacing employees with closely monitored foreign contract workers paid by the hour.” | learn more
Passive investing in venture capital. Tom Tunguz muses about the parallels between public and private markets, and whether passive investing will take permanent hold in the venture capital market. There’s some basis for it, as it’s not like Series F/G/H investors are very involved in their portfolio companies. | learn more
to your health ⚕
My visit to a psychedelic wellness center. “Nushama is a medically supervised psychedelic wellness center that provides intravenous (IV) ketamine for an ego-dissolving psychedelic experience. The center says Ketamine Psychedelic Therapy (KPT) can provide sustained relief from depression, anxiety, chronic pain, addiction and trauma-induced mood disorders.” | learn more
CrossFit launches healthcare service. Tired of getting trash talked by doctors, the popular fitness brand decided to build their own healthcare practice. This feels like the beginning of something big. | learn more
under the microscope 🔬
Revolutionizing technology at the nanoscale, with Paul Alivisatos. The new President of the University of Chicago has been a pioneer in nanoscience. One interesting anecdote: he once commercialized tech from his lab and discovered the commercial company quickly outpaced lab research. “And so on and before you knew it, they were able to do things in the company that the universities had yet to even begin to think about doing. They’re way out ahead.” So, he went back to his lab and postdocs and totally pivoted their research to something different. | learn more
Customized ‘pacemaker for the brain’ successfully treats severe depression. “A small device implanted in the brain of a patient with severe, treatment-resistant depression was trained to issue electrical pulses to areas of the brain linked to the condition. The effects of the neurostimulation kicked in almost immediately, according to a new study from UCSF Health.” | learn more
thoughts of food 🍔
Kimchi-making and microbiology. “But when it comes to pre­paring South Korea’s national dish, there are myriad modi oper­andi and many subtle­ties even within those. Each region in the country has its own trade­mark pickled piz­zazz. The further you stray from Seoul, the more pun­gent the extra ingre­dients – a heftier dose of fish sauce, or shucked oysters, or raw fish slices if you get as far south as Gyeongsang-do.” | learn more
on the blockchain ⛓
People are taking out loans against their NFTs—and defaulting. What’s happening in crypto isn’t quite a replacement of traditional finance. Instead, it’s a rebuilding of traditional financial behavior from the ground up. There are new assets (including NFTs), loans against assets, and of course with loans come defaults. There are interesting circumstances like the same NFT being put up as collateral by multiple people over time and living through multiple defaults. There’s probably a money laundering element in here too if one looks closely enough. | learn more
profiles of people 🚶
Peter Thiel’s origin story. “Thin, dyspeptic, and humorless, he had seemed like an alien to his classmates since arriving at Stanford two and a half years earlier. He didn’t drink, didn’t date, didn’t crack jokes, and he seemed to possess both an insatiable ambition and a sense, deeply held, that the world was against him.” | learn more
calls to action 👇
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