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Hello there! 🎉
A digital coin with a picture of a dog on it.
Much wow!*
Welcome to the 21st century, where a meme can move
markets and sentences such as the above make
perfect sense.
So scare, right?*
Doge meme + Cryptocurrency = Dogecoin
By combining the internet's two most talked about
things in 2013, Jackson Palmer created the
Dogecoin that was, at one point, worth $2 billion.
A three-word tweet from Elon Musk in December sent
Dogecoin soaring 20%. And let’s not forget the
GameStop drama of the past few weeks. What we’re
seeing is a shift in the definition of market
fundamentals - and it’s getting hard to predict
what lies ahead.
Thank you for a great response on HOV Access Issue
1. We’re looking forward to continuously bring
useful information your way. Who knows, maybe
you’re the next big thing 😉
*This might sound like incorrect grammar, but
the
Doge meme
has it’s own lingo
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Share this newsletter with a friend and get a
chance to feature your startup, contribute to
HOV Opinion
or join our upcoming Startup Investor Community.
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What started as an online
Bookstore in 1994 is now a $1.7
trillion company. A polarizing
figure, let’s take a look at how
Amazon has changed the world.
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Breaking down the business trends
for 2021 - might be right up your
alley 🥳
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TikTok’s main rival in China has
just completed a massive initial
public offering in Hong Kong. The
three main monetization methods
used are…
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We know it seems like everyone’s
been talking about GameStop for
far too long… But what if the
story you know isn’t the right
one? Setting the record straight:
Reddit investors are not new
populists descended from the
radicals of Occupy Wall Street.
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A cryptocurrency that started as
‘fun and friendly internet money’
is now worth billions.
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Need to unwind? Here are our top picks to help put
your feet up and take a break. We all deserve it.
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Steve Cutts / Documentary
A short 4 minute documentary on how
society believes we can attain happiness.
It’s relatively dark and sad, depicting
how without realizing we are becoming
slaves to external conditions.
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Adam M. Grant / Book
There are 3 people in the world; givers,
takers and matchers. Are givers ultimately
more successful than takers? Backed by
research, Grant highlights the power and
joy in giving.
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Gimme some Oven / Recipe
Cooking doesn’t get easier than this -
just 5 ingredients so you won’t even have
to go shop for more! Perfect for long
days.
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New York Times / Wellness
Easiest activity to keep up during
lockdown - no gym? No problem! Put your
running shoes on, some ear muffs if it’s
cold out, and get going. "I really hated
that run" - said no one ever.
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Josh Spector / Article
Out of all the social media channels,
Twitter is the easiest to use but the
hardest to gain traction. Here’s a good
place to start and help you get a growing
following (we’re definitely trying it!).
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The total addressable market for global
mobility.. Which is why Apple is looking
to seal the deal with Hyundai to make the
"Apple Car." Apple needs just 2% of this
market share to be the size of their
existing iPhone business.
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The number of monthly active users on
Pinterest in their latest quarter. It
looks like mood-boards became trendy again
thanks to the Lockdown!
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In March 2020, flexible workspace operator
Knotel was valued at $1.6 billion. Today,
it’s filing for bankruptcy. Wait… What?!
See the rise and fall of Knotel here and
what it means for the flexible workspace
sector.
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Sharing the tools we're obsessed with!
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Canny is a single place for all customer
feedback. It saves you time managing all
the feedback while keeping your customers
in the loop. You'll get an organized list
of feedback that you can use to inform
your roadmap. It’s also incredibly easy to
use!
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Slack Connect transforms the way you work
alongside your partners, vendors or
customers by moving conversations out of
siloed email threads and into the same
place.
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How many users on Clubhouse (the audio-app
giving everyone FOMO) May 2020 vs Feb
2021?
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A. 30,000 vs. 100,000
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B. 60,000 vs. 5,000,000
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C. 2,500 vs. 300,000
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D. 1,500 vs. 2,000,000
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30 seconds case study ⌚️
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Founded in March 2020, Clubhouse is a
social networking app based on audio chat.
It’s invite only and gives you access to
conversation rooms that follow your
interest. A conversation room, much like a
conference call, allows for multiple
people to do the talking while most listen
in. The App was worth
$100M
in May 2020 with a user base of just
1,500. Today it has over 2 million users
and is valued at $1b, in the same ranks as
Uber and Airbnb. The App gained immense
popularity in China - where it was being
used to discuss topics that would be
otherwise censored - but is now banned
alongside other U.S based apps and
services.
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Key takeaway 💡
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So what’s the deal? How did the audio-chat
app get to a $1b valuation in 9 months? We
think it was a mix of these two things:
-
The "invite only" gimmick 🙋🏽♀️ FOMO is
real
🤩 Initial users were only
celebrities, adding to the allure and
exclusivity of the App
-
Lockdown
👊🏽 The pandemic has taken away the
opportunity to mingle, listen to
interesting conversations and meet new
people. Dozens of conferences and
events have been cancelled and missed,
resulting in this massive opportunity
and desire within people to simply…
Talk.
Still, all good things come to an end.
Clubhouse has been criticized for its
lack of moderation tools much needed
in larger debates. The App has been
called out for not taking effective
action against hate speech and abuse.
Women in conversation rooms experience
sexism and misogyny. Assuming
Clubhouse tackles these issues
successfully soon, we can’t help but
wonder - will the craze last forever?
And what happens when the Pandemic is
over?
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Answer:
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1,500 vs. 2,000,000
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11 Feb
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Don't miss these five women talking about
product-market fit, innovation, r&d
and building hardware.
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24 Feb
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Global tech and the rise of 2-tier
ecosystems.
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Estella Bravo, UI Designer
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Zoya Matin, PR and Community
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Enjoy this issue? Share it.
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High Output Ventures, 3 Temasek Avenue Centennial Tower, #21-00 , Singapore 039190, Singapore
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© 2020 High Output Ventures, All rights reserved
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