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SpaceX plans to sell shares next month

Plus: Every software is messy and has skeletons

Author

Cash Nut
November 24, 2023

In Today’s Edition 

  • 2023 operating benchmarks 

  • What makes a successful CEO? 

  • Which Tech Giants Attract the Most Talent From Competitors? 

  • Instagram now allows anyone to download public Reels 

  • Every software is messy and has skeletons

  • The first embryos from a mammal have now been grown in space

🚀Startups Nuts

OpenView recently dropped its SaaS Benchmarking Report. This article walks through the key highlights, which include an analysis of growth rates, median headcount changes, and CAC payback periods at private companies.

Transitioning from Founder to CEO requires active thinking. It involves shifting from managing a product or small team to really managing a company. This article unpacks the elements of a successful CEO and the things you need to think about before, during, and after the step into a CEO role.

🏭Business Nuts 

SpaceX is planning to sell shares next month in a deal that prices them around the same level as summer 2023. The launch appears to confirm that Elon Musk is not considering a near-term IPO for its Starlink satellite division. It was reported earlier this month that Musk was discussing a possible IPO for as early as late 2024, but he has denied these reports. Starlink reported $1.4 billion in revenue and a loss for the year in 2022, but it achieved breakeven cash flow this year.

Tech giants understand that what makes the magic happen is the people they employ. They are able to offer demanding challenges, handsome rewards, and glowing prestige to attract talent. Small businesses can also compete in this arena. This article looks at the tech giants that attract the most talent from their competitors and where that talent goes next.

📱Tech Nuts

Instagram now allows all users to download public Reels to their devices. Users were previously only able to save them to the Instagram app for later viewing. Downloaded Reels will have an Instagram watermark with an account name, just like on TikTok. Reels that use licensed audio clips will not have any audio in the downloaded clip.

Every software giant has some skeletons in their development closets. Projects may start with the best intentions, but harsh realities make it challenging to maintain the original vision of a project. Large releases are less about achieving perfection and more about managing controlled chaos. The IT world is messy and every product, no matter how successful, has its hidden weaknesses. The key to a successful product is not the absence of problems, but the ability to handle them efficiently.

🎁Miscellaneous

A study on mouse embryos grown in space suggests that the radiation and weightlessness of space might not pose immediate obstacles to mammalian reproduction. While the study only isolates one part of the complicated process of reproduction and development, it provides a starting point for biologists. Future alterations to the procedure could potentially increase the success rate. The absence of perfectly sterile conditions in space probably affected the experiment results.

💡What else are we reading and seeing?

😎Fun Fact

The word "bankruptcy" comes from the Italian phrase "banca rotta," meaning broken bench, as during financial crises, a merchant's bench or counter would be physically broken to symbolize insolvency.

🔥 Hot Book of the Day

Not one to shy away from developing countries, Yusuf Amdani has laid a path for other investors to follow. Originally from Pakistan, Amdani moved to Honduras at a time when few international players paid attention to the Central American country. Amdani’s quick eye and keen business savvy paid off. Today his company has grown and expanded into other Central American countries, along with the Caribbean, United States, Pakistan, and beyond.

Moreover, Amdani’s initiatives provide an example of how to create opportunities in developing countries. In his book, he relates lessons he’s learned along the way and extends an invitation to anyone interested in investing in fragile economies. His methods paint a roadmap designed to grow the middle class, reduce migration, promote sustainability, improve healthcare, and provide education to all.

To create a transformation in an area, Amdani shares the need to envision the change. Then investors can look for an initial step to move in that direction. Bringing on staff who share the dream leads to a team that works hard to achieve their goals, and collectively celebrates the wins.

Up-and-coming trends, including technology advancements and remote work possibilities, present new opportunities for workers in developing countries. Amdani describes how to lean into the high demand for tech workers and offer training programs for individuals to learn and participate in the industry.

At every step, there are ways to collaborate further, with an eye toward a greener future and a multiplying effect that creates an even greater impact.

“When workers can grow and thrive, fragile economies become more stable.”

🐦Joke of the Day

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