Work, work, work, work, work
Anyone start singing the Rihanna song after seeing the headline above?
Alright, I'm a believer
Looks like ag tech really is hot.
We look at the subscription landscape and see that entrepreneurs and investors have been increasingly willing to apply the subscription model to new product categories. By 2012, subscriptions for snacks and beverages (coffee, beer, or wine) rose to 24% of first funding rounds, from zero in 2010.
Tim Ferriss might not agree
I'm not sure when the "work smart, not hard" mantra became fashionable, but when I hear it, I am reminded of these words by Marc Andreessen of A16Z:
Accomplishing great things by working smart but not working hard is, as far as I can tell, almost entirely a myth.
I recently came across two essays (both in The Blurb at bottom of this email) that do a great job of talking about the merits of working hard. One is by basketball player and perennial winner Ray Allen. The other is by boxer Ed Latimore and is titled "Hard Work Beats Talent." Latimore describes hard work as a talent — but it's just not often thought of as one. One of my favorite parts of his essay was the following:
And then there is Ray Allen's essay entitled "Letter to my Younger Self." You should just read it. It's really really good. He discusses putting in the work throughout and ends with the following:
Go to the court. Stay at the court.
Get your work in, young fella.
Most people will never really get to know the real you. But they’ll know your work.
So my question is — are there examples of people who've done great things by not working hard and just working smart? If yes, I'd love to hear more about them.
Failure to thrive
We recently updated our list of startup failure post-mortems (now up to 178) by founders and investors. Companies include SunEdison, Drugstore.com, GoZoomo, and more.
< 50 tickets left
We have 47 tickets left to The Innovation Summit, and a bunch of amazing speakers we've not yet announced.
FYI: The room block at the Bacara Resort also has only 18 rooms left.
Ticket rates will go up again later this week to almost $3k per ticket.
Genomics picks up speed
We look at investment trends to the genomics space since 2012. Funding has already seen its third straight year with more than $1B in investment, with 2016 on pace to hit $1.3B+ by the end of the year.
Smart money piles in
The top venture capitalists increased the pace of their deals to supply chain and logistics tech startups in Q3’16. Smart money VCs participated in 5 deals to the category in Q3’16 which added up to $119M in aggregate.
The Industry Standard
CB Insights data is the most trusted by those in the industry and the media. A few recent hits.
Entrepreneur. Zach Ferres (@zcferres) shares tactics on avoiding startup failure and references CB Insights research on the subject.
Forbes. John Greathouse (@johngreathouse) on two trends that are transforming VC with a mention of CB Insights data on funding to the frontier tech space.
The Times of Israel. Shoshanna Soloman writes about cybersecurity startup Indegy and references CB Insights research on early-stage Israeli startups.
I love you.
P.S. Join us on November 29th for our briefing on supply chain and logistics tech. Sign up here.