The age of celebrity cofounders

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Feel like more celebrities have become venture capitalists than ever before? You’re not alone.

Not a week goes by that another actor, athlete, musician, or internet celebrity doesn’t pop up on a cap table as an angel investor or via their family office-turned-venture fund. The media treats Ashton Kutcher as patient zero of the celebrity investing bug, but the truth is, celebrities have acted as minority partners in brands, businesses, and startups for decades prior. No disrespect to Kelso but if I’m being honest, it’s all become quite boring.

 

A decade ago, being a celebrity-turned-tech investor used to mean you were an early adopter, with rare connections into the new, exciting world of technology startups. Likewise, getting a celebrity investor in your company meant you were well-networked or that your product had the potential to catch the eye of the elusive glitterati. But with all the deal flow, advisers, syndicates and co-investment opportunities available to celebrities today, if you’re not at-least passively allocating some of your wealth into startups as an A-Lister, well, consider yourself B+ at best.

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The invisible company powers almost the entire finance industry

 

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The days of going to a bank are coming to an end.

In the past 10 years, 15,000 bank branches have shut their doors for good. And foot traffic to banks has fallen by 50%. Bank branches are shutting down left and right for a simple reason… They’re useless!

These days, you can deposit a check by taking a photo with your phone. You can open a bank account or order a new credit card in five minutes over the internet. You can even take out a mortgage without ever seeing a human banker, thanks to disruptive services like Quicken Loans.

And it’s not just banks. Digital disruption is eating away at every “old” business model in finance. Everyone from stockbrokers to financial planners is under assault.

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How Blockchain could disrupt the education industry

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Blockchain is undisputedly an ingenious invention. It’s a technology that began as underpinning for virtual currencies but it is quickly becoming obvious that blockchain is more than just bitcoin.

The encrypted ledger technology that powers bitcoin is primed to reshape the future of many industries. Be it healthcare, finance, media, or the government, the blockchain technology will bring about a revolutionary change across many industries.

The technology is sure to disrupt every industry, including education. There is no denying the fact that the education system is far from where it needs to be. Using this technology, a lot of improvements can be made in the education sector.

The edtech sector is huge. It is estimated that it will reach $93.76 billion by 2020. Technologies like Artificial Intelligence and Virtual Reality are already making their way into the education sector. It’s only a matter of time before the blockchain technology becomes mainstream too.

Let’s see how this disruptive technology can revolutionize the education sector.

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Seven digital transformation trends for 2020

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MuleSoft has released the report ‘Top 7 Digital Transformation Trends Shaping 2020’ which outlines the most timely digital transformation trends for 2020 and explores their impact across industries.

Digital transformation has become a catchall term for reimagining business in the digital age: it can refer to any process that uses digital technologies to solve for changing business and market requirements.

The top trends, according to Mulesoft are:

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USPS eyeing drones for mail, package delivery

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The United States Postal Service is considering drones as a new way to deliver mail.

This was disclosed in a request for information (RFI) from September, describing why it is examining this concept and how it might potentially work to help people and companies with their mail-related needs, according to Nextgov.

“The Postal Service recognizes that the ability of [unmanned aircraft systems] to supplement mail delivery and information collection can substantially benefit the country and further the development of other autonomous systems,” said Postal Service officials.

If the USPS mail-by-drones idea becomes a reality, it would be a pioneering plan of action. But, the agency is still reportedly very much in the research and analysis stages of looking at this concept. Nextgov revealed that the USPS has not yet hired any contractors for drone production and that it might engage multiple companies in an effort to “identify candidates for future solicitation”.

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Falling demand for electricity has utilities burning the midnight oil

 

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Public and investor-owned utilities alike are facing a dilemma: Americans are using less energy. Increasing efficiency and the shift to a service-oriented economy have combined to reduce electricity consumption on a per capita basis for several years running.

It’s a trend that’s weighing on utility companies, and their bottom lines.

Eight U.S. utilities had debt in excess of $2 billion, according to recent financial statements, led by The Tennessee Valley Authority’s (TVA) $20.3 billion. So far this year, the credit ratings of four utilities with significant debt were downgraded to a negative outlook by the major rating agencies.

As a result, publicly owned and publicly traded utilities alike are looking for new sources of revenue.

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Why Everything Is Getting Louder

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The tech industry is producing a rising din. Our bodies can’t adapt.

Karthic thallikar first noticed the noise sometime in late 2014, back when he still enjoyed taking walks around his neighborhood.

He’d been living with his wife and two kids in the Brittany Heights subdivision in Chandler, Arizona, for two years by then, in a taupe two-story house that Thallikar had fallen in love with on his first visit. The double-height ceilings made it seem airy and expansive; there was a playground around the corner; and the neighbors were friendly, educated people who worked in auto finance or at Intel or at the local high school. Thallikar loved that he could stand in the driveway, look out past a hayfield and the desert scrub of Gila River Indian land, and see the jagged pink outlines of the Estrella Mountains. Until recently, the area around Brittany Heights had been mostly farmland, and there remained a patchwork of alfalfa fields alongside open ranges scruffy with mesquite and coyotes.

In the evenings, after work, Thallikar liked to decompress by taking long walks around Brittany Heights, following Musket Way to Carriage Lane to Marlin Drive almost as far as the San Palacio and Clemente Ranch housing developments. It was during one of these strolls that Thallikar first became aware of a low, monotone hum, like a blender whirring somewhere in the distance. It was irritating, but he wrote it off. Someone’s pool pump, probably. On another walk a few days later, he heard it again. A carpet-cleaning machine? he wondered. A few nights later, there it was again. It sounded a bit like warped music from some far-off party, but there was no thump or rhythm to the sound. Just one single, persistent note: EHHNNNNNNNN. Evening after evening, he realized, the sound was there—every night, on every street. The whine became a constant, annoying soundtrack to his walks.

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Why some say college is no longer the sure path to success

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An alarming—yet illuminating—new study conducted by Third Way, a Washington, D.C.-based think tank, concludes that many who go to college come out earning less than the typical salary of a high school graduate. Contrary to popular opinion, which contends that the path to success is rooted in attaining a college education, the findings indicate that half of U.S. colleges in 2018 left their students earning under $28,000 a year.

In past generations, primarily the upper-class, wealthy elites attended universities. After World War II and the passing of the G.I. bill, soldiers returning from the battlefields were offered financial assistance to attend college—and they did so in large numbers. Slowly over time, in the ensuing decades, enrolling into college became almost commonplace for the average American. Today, there is great pressure put upon high school students to attend universities—even if they lack the aptitude or interest. Sometimes the pressure exerted on kids to attend top-tier institutions is intense. This was clearly exemplified by the recent college admittance scandal, in which the rich and famous parents allegedly bribed school officials to get their children into ivy league and top-tier universities.

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Welcome to the ‘Airbnb for Everything’ Age

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In the sublet economy, you can turn anything into extra cash: your house, your car, your boat, or your backyard.

Jaclyn Baumgarten grew up sailing on Lake Michigan. Her happiest memories take place on boats with her family, carefree on the open water; as adults, her older brothers both purchased boats so they could extend their nautical adventures. So when they each called one week to separately complain about the expensive upkeep on boats they barely used, Baumgarten set out to solve the problem.

Baumgarten turned her brothers’ headaches into Boatsetter, “the Airbnb for boats.” Boat owners can list their vessels on the platform, and people who want a day on the water can rent one for a few hundred dollars. The platform handles the peer-to-peer insurance and offers a network of captains who, for a fee, can take out groups without any sailing experience.

Boatsetter is among a growing number of startups forging new rental marketplaces for luxuries like boats, extra bedrooms, or backyard space. Call it the sublet economy. Everything you own can become an source of extra income, and everything you want to rent can be leased from a friendly stranger.

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Robots are conducting job interviews now

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An A.I. might also “reduce unconscious bias and promote diversity” in the workplace.

Are you ready to be interviewed by a robot? Well, you better get ready. Artificial intelligence just started being used for job interviews for the first time in England, and it may only a matter of time before this becomes common practice in the United States.

The major consumer goods company Unilever and other companies are now using artificial intelligence designed by an American company called HireVue to assist with with interviews in England. Here’s how it works, according to HireVue: The interviewee uses their phone or laptop to answer a set of predetermined questions, and the AI analyzes their voice, body language, facial expressions and more to determine if the person is a good candidate for the job. This AI was created by analyzing over 25,000 videos of job interviews.

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The fastest growing commute is no commute at all

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A growing number of commuters have found that the fastest way to between Point A and Point B is if Point A is Point B.

More than 1 in 20 Americans now usually work from home, new 2018 data from the U.S. Census Bureau shows. Telework has recently overtaken public transit as the third-most-popular commuting method in the country.

It remains nowhere near the most popular American commute, however. Three in 4 workers, or more than 111 million people, still drive alone to the office or factory each day.

Carpooling comes in second, well above working from home. The share of Americans who carpool has lost ground since the Great Recession, though it remains far more popular than other methods, such as walking, biking or taking a cab.

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Why millions of Chinese men are staying single

 

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The gender gap is a big problem in the Middle Kingdom – and its ‘leftover men’ are going to great lengths to find a wife.

In China, there is a name for unmarried men over 30. Shengnan, meaning “leftover men” have yet to find a wife – and in a country with a growing gender gap, that’s a big problem.

By 2020, it’s estimated there will be 30 million more men than women looking for a partner

China has many millions more men than women, a hangover of the country’s one-child policy, which was overturned in 2015, though its effects will last decades more. The gender imbalance is making it hard for many men to find a partner – and the gap is likely to widen. By 2020, it’s estimated there will be 30 million more men than women looking for a partner. In his book, The Demographic Future, American political economist Nicholas Eberstadt cites projections that by 2030, more than a quarter of Chinese men in their 30s will not have married.

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