Think with me. Testing a new format for the newsletter

#60 Angelinvesting.it - From idea to Series A - Weekly Newsletter

Dear reader,

This week I was in Poland for work and had less time to prepare the newsletter. I wanted to use the time constraint to experiment with a different format. Below is a list of the 5 most interesting contents I found this week that made me think.

1. The electric car crisis hits startups.

Mercedes-Benz announced a 5-year delay in its electrification goals last week, Ford saw a double-digit drop in EV sales for January, Toyota is keeping its focus on its hybrid lineup, and, as of yesterday, Apple is giving up entirely on its not-so-secret car project.

Although EV sales are still growing, up 31% last year, the pace of change appears to have slowed as we potentially enter what’s known as “the chasm” in the adoption curve of any new technology — when a product struggles to cross over from the early adopters to the mainstream.

The EV slowdown isn’t disastrous for legacy automakers, but if you’re a cash-guzzling EV startup that needs new capital and investors to reach scale, it’s a major roadblock

Here the full article

2. The superpower of entrepreneurs

The CEO of Nvidia shares how hard doing business can be.
"Building a company turned out to be 1 million times harder than I expected it to be. At that time, if we realized the pain and suffering and just how vulnerable you are going to feel, the challenges, the embarrassment, and the shame, and the list of all the things that are going to go wrong, I don't think anyone would start a company." Jensen Huang (Co-founder NVIDIA)

3. Behind what clients say

P. Graham, the charismatic YCombinator cofounder: “Took me a long time to realize solutions aren't always what people want. Sometimes they just want someone to empathize with them.”

4. Dating apps real job

Nikita Bier, the guru of social network builders, explains  

There is a deep misunderstanding of what “dating apps” are for—mostly because they’re called “dating apps”.

Modern dating apps are an entertainment product: a gallery of people in your area and someone will occasionally like your photos. This is all that needs to happen for the app to be successful. A relationship, or even meeting up, does not need to happen for the product to do well.

Anytime someone pitches me an app that they claim is a more effective way to find a partner, I just respond, “So that people use your app less?”

5. The zone of average

The “zone of average” is a dangerous place when it comes to inertia. It’s the point where things are working well enough that we don’t feel the need to make any changes. We hope thinks will magically improve. Of course, they rarely do. For example staying in a relationship that is too good to leave and too bad to stay is a perfect example of the zone of average. If things were much worse, we would act, but since they are not terrible, we stay, and hope things get better.

Have a great weekend,

Simone

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