Hello 👋🏾
For all our new subscribers, absence makes the heart grow fonder (or so they say) which is why we hit your inbox only 2x a month, every other Wednesday. If you miss us too much, we can always increase the frequency.
For our old readers, if you still aren’t hooked - third time’s a charm!
Looks like it’s been a slow couple of news weeks... Bitcoin only crossed $55,000 and the cryptocurrency’s market value passed a meager $1 trillion.
Oh, the downside of creating this much allure and FOMO over something has also been discovered! You become more suspect to hacking; which is what happened to Clubhouse when someone managed to stream the audio from the App onto their own website.
Like we said, slow news week….. |
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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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A high profile virtual hearing of the Robinhood CEO following the GameStop fiasco. Should we finally address the growing influence of individual investors and social media in the stock market?
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Looking for a job? Apple is hiring engineers to work on 6G wireless communication. The ad posting comes just months after Apple launched its first iPhones with 5G connectivity. |
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With the newest raise of $250 million, Zomato sits at a valuation of $5.4 billion. |
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Kalshi raised $30 million this week, and while that amount isn’t unheard of, the cluster of investors is enough to draw eyes to the startup in question. Kalshi is a regulated marketplace for trading event outcomes. Wait… Is that gambling? |
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Everyone everywhere (including ourselves) talk a lot about Bitcoin. Understanding it is sometimes hard. Here’s an epic guide full of illustrations to help you wrap your head around the concept. |
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Perseverance landed on Mars, and you can actually see the full video. 18 attempts have been made by space agencies across the globe, but only 8 have been successful - all by NASA. The 9th landing is by Perseverance in a first-ever round trip journey. This means we’ll be able to actually see samples of Mars with our very own eyes 👀 |
😍 HOV Highly Recommended |
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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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Strategy and Sourdough / Podcast |
Podcast covering important topics on marketing. In this specific episode, the hosts go into great detail about the importance of forming the right mindset before starting your research.
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Sahil Lavingia / Article |
An extremely popular article on the internet talking about how one size does not fit all. While in many cases missionaries are optimal for startups, Gumroad shows out that you don’t need them to be a success. |
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Dish / Recipe |
Feeling fancy? Try this delicious toffee banana recipe. It requires a little bit of effort but the end product is so worth it. Careful, it’s addictive! |
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Noom.com / Health and Wellness |
The program helps you make and stick to healthy life choices. It’s not a fad diet - it’s a sustainable way of changing your lifestyle to one that suits you better. |
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Phil Knight / Book |
Not your typical autobiography. We actually talked about Nike a lot during HOV Accelerate with our Cohort companies. Their brand identity, flywheel and system is really one to learn from. |
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💰 Digits or it didn't happen |
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Some mistakes you just can’t afford to make. Such as the one made by Citibank when it wired $500 million to Revelon’s lenders in August. Tough way to find out finders keepers, losers weepers! |
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The number of public EV charging stations the EU plans on installing by 2024. The EV industry has seen a big surge in sales and the addition of charging stations will be welcomed by consumers. |
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The amount raised by Highspot in Growth Funding. The startup makes software for training and employee/sales management. The Seattle based company now sits at a valuation of $2.3 billion.
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A community platform designed for creators who want to gather community members around their content and engage in discussions. You can build different types of communities, useful for newsletters or podcasts. It’s basically like a club online! We want to experiment with Circle at HOV. Would you like to be part of our community? |
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Similar to Slack, Quill is a messaging app for teammates and co-workers to have a conversation. It has more structured channels that help you maintain focus instead of getting lost in chaotic group messages that might not be relevant to you. |
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🤓 Pop Quiz |
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What is an NFT? |
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If you’re familiar with crypto, you probably got the answer right. Non-fungible tokens are unique crypto assets containing identifying information. They are also non-divisible, so you can’t send half an NFT to someone. These are the 2 main differences between NFT and Bitcoin. What makes NFT special is that each token is linked to a specific asset such as, let’s say, digital art.
Here’s a story to make it easier to understand:
John Doe was obsessed with the Nyan Cat meme. It was his life’s desire to own this piece of art, but everyone already had access to it, was resharing it and posting it. John still wanted the Nyan Cat to be his. So John went to the creator of the Cat, offered him approximately $590,000 (that’s 300.00 Etherum Blockchain) and successfully bought the Nyan Cat. That didn’t stop anyone from resharing or posting about Nyan, but John now knows that he is the rightful owner of the Cat for as long as he wishes. If someone else out there wants Nyan even more than John, well then John can make back his money and more by selling it to Owner #2.
In case you’re interested, the auction house Christie’s is now offering artwork with NFTs.
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Honestly, what the actual f is happening? Forget art, NFTs are slowly appearing in the gaming space too. Should we all be investing in NFTs? It might be risky business, but that’s where everyone says the money is so… We’re definitely flagging it as one of the biggest crypto trends in 2021. It seems like the more doubt there is around something (read: Bitcoin will never take off) the bigger the return? |
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Join 15,000 others for conversation and collaboration around tech, startups and the future of innovation. Startups |
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This workshop is all about the tools, techniques and mindset needed to use design thinking, no matter your team size. |
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Christopher Clint, Backend Developer |
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Omar Parvez Khan, Managing Partner |
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🤦🏽♀️ How we felt this week |
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Was this news valuable to you? Let us know! |
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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 |
© 2020 High Output Ventures, All rights reserved |
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