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- Social Leverage Letter | Issue #50
Social Leverage Letter | Issue #50
Quiet Quitting, Data-Driven Culture, and Breaking Down the Public & Private Markets
A weekly newsletter for early-stage seed startups and investors.
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READING
Employee engagement is falling, according to a survey by Gallup, with Gen Z (born 1989 and after) reporting the lowest engagement. One factor Gallop measures is whether or not employees feel their work has purpose. And the data shows younger employees don’t feel their work does. As a result, “quiet quitting” is the new norm among Gen Z professionals who are saying no to hustle culture. They’re rejecting the idea of going above and beyond in their careers and are deciding to work passively while looking out for themselves.
The world is projected to produce 463 exabytes of data per day, and organizations will need to get a handle on sifting through those large volumes of data to be competitive. To be effective at transforming data and providing meaningful analysis will require a culture of data across the entire enterprise.
WHAT ELSE WE'RE READING
Here's a few other stories that caught our eye over the past week.
Growth is No Longer the Best Predictor of a Software Company's Value
20 Copywriting Tips You Should Hang On Your Wall
10 in-demand soft skills to supercharge your career
Reality Catches Up (Morgan Housel)
LISTENING
Ravi Gupta, a partner at Sequoia, sat down with Patrick O’Shaughnessy and spoke about the importance of keeping the main thing the main thing, why the best leaders are both demanding and supportive, and how mentorship works within Sequoia's culture.
WATCHING
In this entertaining video, Howard Lindzon reviews Jason Calacanis’ recent stock picks and breaks down crossover public/private investing. Howard gives a sneak preview of his own upcoming Web3 projects.
DEAL FLOW
The latest venture funding from around the globe:
Web3 esports platform FITCHIN scored a $3.5M seed round
Zephyr AI lands $18.5M seed round for data-driven drug discovery
SaaS startup Stimulus closes oversubscribed $2.5M seed round
Farther, a wealth tech firm, banks $15M Series A as valuation hits $50M
Hoopo Raises $10M in Series A Funding
WEB3 ROUNDUP
News on blockchain/web3:
Pinterest for Web3: Project launches curation ecosystem on Avalanche
London-based Web3 themed accelerator planned for 2023
Table Tennis Goes Crypto With Plans for NFT, Web3 Crossovers
Here's when Ethereum's proof-of-stake blockchain switch could happen
Blockchain Firm Skynet Labs Shutters After Failing to Get New Funding
JOB BOARD
Explore openings at our portfolio companies:
Featured Jobs:
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Affiliate Disclosure: Social Leverage Group, LLC ("SLG"), Social Leverage Capital Fund I, LP ("SLC"), Social Leverage Capital Fund II, LP ("SLCII"), Social Leverage Capital Fund III, LP ("SLCIII") and Social Leverage Capital Fund IV, LP ("SLCIV") are all distinct entities from Social Leverage, LLC ("SL"). Social Leverage is not a registered investment advisor. SLC, SLCII, SLCIII, SLCIV, SLG and SL have used the logo and branding of Social Leverage with the permission of Social Leverage Group, LLC.