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P.S. You Should Know... | Issue #275

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July 3 · Issue #275 · 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 sixth year!

my story 🚀
🏄‍♀️ Kids wanted to take a photo with this cool surf truck.
🏄‍♀️ Kids wanted to take a photo with this cool surf truck.
fun facts 🙌
We tracked what happens after TikTok songs go viral. This was an excellent video based on “A data investigation into how TikTok is shaping the music industry, in collaboration with The Pudding.” | learn more
Ten ways congress lets billionaires avoid taxes on an epic scale. This is ProPublica so they forget to mention that the tax code enables this behavior, so if we don’t like it, we should take it up with congress. “After a year of reporting on the tax machinations of the ultrawealthy, ProPublica spotlights the top tax-avoidance techniques that provide massive benefits to billionaires.” | learn more
Bladder surgery to avoid bathroom breaks on the drive to the Hamptons. There’s no way this is real, right? “Dr. David Shusterman, a New York City urologist who’s been advertising the procedures with the tagline "Race to the Hamptons, not to the bathroom.” | learn more
tech, startups, internet ⚡
Autonomous battery-powered rail cars. Totally not their use case, but I think this is one step closer to my pipe dream of a private railcar travel option. You don’t even need a train to latch on to. An interesting nuance: “In reality, though, they’ll likely end up traveling in platoons. (Parallel Systems doesn’t call them trains because the individual cars aren’t coupled.)” | learn more
How I made my first angel investment. Entrepreneur Alex Bass describes how he gained the conviction and opportunity to make his first angel investment. | learn more
The evolution of the rechargeable battery. “… and the flashlight that proved that there was a market for battery-powered devices you plug in.” | learn more
better doing 🎯
What kind of company do you want to build? “In reflecting on [my business] failure, I have come to realize that my main mistake was in pretending certain trade-offs didn’t exist. Specifically, I think when building a company, all founders need to clearly prioritize the following three values: Scale, Speed, Freedom. I wanted to build whatever weird creative thing I dreamed up (freedom), I wanted it to change the world (scale), and I wanted to raise venture capital for it (speed).” | learn more
retail therapy 💸
The most controversial way to get email subscribers. Have you ever visited a website, left without giving them your email, then had them slide into your inbox anyway? | learn more
Bed Bath & Beyond accused of turning off air conditioning in stores to save money. “CNN on Tuesday noted that a report from Bank of America claims that the company hasn’t been cooling its stores as a way to save money amid a decline in sales.” Also, their CEO was recently shown the door after earning $36 million in the past 3 years. | learn more
under the microscope 🔬
A bee cloned itself millions of times over the last 30 years. “Worker honeybees of the South African variety can clone themselves, one of whom did so, many millions of times, for 30 years, according to a recent study published in the journal Proceedings of the Royal Society B.” | learn more
There’s a correlation between elevation and suicide rate. Higher altitude, higher suicide rates. | learn more
thoughts of food 🍔
Chef Boyardee was a real person. “[Ettore] Boiardi sold his products under the brand name "Chef Boy-Ar-Dee” because non-Italians could not manage the pronunciation, including his own sales force: he was quoted as saying that “everyone is proud of his own family name, but sacrifices are necessary for progress” | learn more
on the blockchain ⛓
Patrick Collison in conversation with Sam Bankman-Fried. The stripe co-founder talks about a range of (mostly crypto-related) topics with the FTX founder. | learn more
When there’s a run on the bank, it’s not a bad idea to run. Up until a couple weeks ago I was staking USDC on a few platforms, BlockFi included, to earn interest. When Celsius imploded, I pulled out of all of them. Apparently, I was not the only one. This market behavior drove BlockFi into the arms of FTX at a fire-sale price. I’m glad to see that they found a way out of this pickle and am also relieved to have acted fast. I feel like I dodged a bullet. | learn more
Binance taps TikTok’s mostly silent superstar Khaby Lame to explain how crypto works. This guy’s videos are top notch. I also learned from this article that he recently surpassed Charli D’Amelio as the most-followed TikToker. Now he’s promoting crypto! | learn more
profiles of people 🚶
America’s richest self-made woman grew up on a dairy farm. “Last week, Hendricks – who has a net worth of $11.6 billion – topped Forbes’ list of America’s Richest Self-Made Women for the fifth year in a row. Her fortune is largely dependent on ABC Supply, a construction materials company she built with her late husband in 1982. She’s currently the company’s chairwoman.” | learn more
calls to action 👇
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