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From What I've Read This Week...


Weekly Newsletter of what I've read and thought was interesting. I am a Venture Partner at Contrary Capital. Read more at karthiksuresh.me

Issue #3 - April 29, 2018

NEWS
Square bought Weebly. Great news for Square. Now small businesses can use Square to manage payments and get help on building websites for their business.

Doordash is partnering with Walmart to build a delivery network for them. They will lose out on direct users but will gain data to help them compete with larger players in the market. It seems like this is an last-resort type option for DoorDash to allow them to continue to grow their market, but if a larger company like Amazon decides to fully put its resources into grocery delivery, I think DoorDash will have little room to pivot. Key point: "If you go to Walmart.com, and order from Walmart in Atlanta, you’ll have no idea it’s from DoorDash".

Snapchat reveals its new Spectacles. Totally agree with the sentiment of this article...at this point Snapchat should start back at ground zero and try something new...maybe VR glasses?

All the new features in the new Gmail update.

The average age of entrepreneurs is surprisingly older than I thought, however there is a trend of younger entrepreneurs moving into the tech world.

Twitter is exceeding expectations with great performances in the last two quarters.


BLOG POSTS
Pittsburgh can be the new Startup hub. Last week I linked an article about how Chicago is growing its tech community, but this week I want to focus on why Pittsburgh can be a hub for young startups. This is a slightly older post from one of my favorite writers, Paul Graham, but many of the points are still valid.

Tesla essentially tried to ignore manufacturing best practices and it didn't work out.

Freakonomics podcast on the complex healthcare system in the US...and how to fix it.

How some ethnic groups in Sri Lanka are using Facebook to incite riots and violence.


STARTUPS
AloeBud is a self-care app that reminds you to hydrate, rest, exercise, etc. The self-care market is a rapidly growing with over 3,000 apps in 2017. Most of these apps are dedicated towards millennials but are focused on meditation or mindfulness (Headspace, calm, etc.) so this is targeting "day-to-day" aspects. I don't particularly like their revenue structure quite yet, but I imagine they will flush it out in the future...

Castbox just raised $13.5M in its Series B.

Fat Lama allows you to rent out single-use items like power tools or industrial vacuums and raised $10M in its Series A.
     
     





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