I hate most “future of work” takes, but I love this one. Mark makes the case that young single guys who call themselves “nomads” are only a small slice of a much larger globally mobile group, & there’s maybe a big market there.
Interesting research with cool data visualizations.
After 3 years of watching digital nomads come to Barbados, I'm convinced that this demographic is splitting into several niches.
One of those niches Anywhere Workers, have different travel and accommodation patterns and many unmet needs.
More here - https://t.co/AeV2DkKN0w
An explainer on what is going on with Silicon Valley Bank:
- In 2021 SVB saw a mass influx in deposits, which jumped from $61.76bn at the end of 2019 to $189.20bn at the end of 2021.
- As deposits grew, SVB could not grow their loan book fast enough to generate the yield they wanted to see on this capital. As a result, they purchased a large amount (over $80bn!) in mortgage backed securities (MBS) with these deposits for their hold-to-maturity (HTM) portfolio.
- 97% of these MBS were 10+ year duration, with a weighted average yield of 1.56%.
- The issue is that as the Fed raised interest rates in 2022 and continued to do so through 2023, the value of SVB’s MBS plummeted. This is because investors can now purchase long-duration "risk-free" bonds from the Fed at a 2.5x higher yield.
- This is not a liquidity issue as long as SVB maintains their deposits, since these securities will pay out more than they cost eventually.
- However, yesterday afternoon, SVB announced that they had sold $21bn of their Available For Sale (AFS) securities at a $1.8bn loss, and were raising another $2.25bn in equity and debt. This came as a surprise to investors, who were under the impression that SVB had enough liquidity to avoid selling their AFS portfolio.
My agency closed >$9M for its clients in 2022, 63% of it was through the follow ups 🤯
I compiled the 7 BEST follow up templates & wrote a guide on how to not f*** up your follow ups
🔁 rt + comment 'follow up' and I’ll dm you the doc
(must be following)
I've worked closely with 20+ biz owners and learned this:
Burnout isn't talked about enough.
Building & operating a business is hard. The biz owners that win long-term learn how to handle it.
6 effective tactics to avoid or reduce burnout:
Generative AI will play a key role in how content is created from text and images all the way to videos.
Here are the most thoughtful resources on the ecosystem:
You could spend a lifetime trying to acquire the knowledge in this list...and it would be a life well-spent.
Very Important and Hard to Teach https://t.co/vEbRKD6aQZ via @collabfund
For the past 10 years, anywhere that I've had an office (work and home) I've had a large whiteboard covering a nearby wall.
Is there some scientific reason why I massively prefer ideation and planning via physical whiteboard vs online tools? Or is it just habit?