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- Social Leverage Letter | Issue #58
Social Leverage Letter | Issue #58
Influencing Client Retention, Difficult Conversations, Avoiding Burnout and Dan Ariely on Tinkering and Trust
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READING
Influencing client retention
Portfolio company Walla (Fund III) recently integrated Skillpower to assist boutique fitness owners with the perennial problem of client retention. Skillpower integrates behavioral psychology to help you understand what makes your clients tick. The integration taps into what motivates clients and provides powerful insights to make personalized connections and give your clients that sense of community we all crave.
Handle with care
Having tough conversations can be difficult. Workplace conflict, bad news, and big changes are defining moments for companies and individuals. The stakes are high, and those types of conversations often bring out our worst. This post provides five strategies designed to help you navigate the minefields of difficult conversations.
Avoiding burnout
“The indiscipline of overwork,” the writer John Steinbeck wrote, “the falsest of economies.”
Sometimes you just hit a wall. You get tired and exhausted, both mentally and physically. Author Ryan Holiday takes a look at how the best organizations and athletes get ahead of burnout before it happens.
LISTENING
Dan Ariely is the James B. Duke Professor of Psychology and Behavioral Economics at Duke University and has written seminal books like Predictably Irrational and Irrationally Yours. He's a multi-time TED speaker and recognized globally as one of behavioral science's most original thinkers. It’s a wide-ranging conversation, from tinkering and rethinking techniques to trust as the lubricant of the world.
DEAL SPOTLIGHT
PredictionStrike, the Sports Stock Market, Closes $3M Seed Round
PredictionStrike, the marketplace for trading shares of your favorite athletes, closed a $3M seed round. The round was led by MaC Venture Capital.
The funding will fuel growth and let the company launch additional product features as the NFL season gets underway. In addition, PredictionStrike is teeing up their premium membership, with new features focused on social engagement, a reward-based referral program, and advanced trading features. Plans are also underway to add soccer players to the platform, followed by women’s basketball, tennis, and golf.
This raise is coming off of a strong year, where the company processed over $15M in transactions and grew to over 100k users.
Founded in 2019, the company raised a $1.7M pre-seed round in 2021. The platform operates like a stock market, allowing users to buy/sell and build portfolios around their favorite athletes using real money.
“PredictionStrike was made for the person that is passionate about sports and wants to use their knowledge to invest,” said Deven Hurt, Co-Founder and CEO of PredictionStrike. “We are proud to close this next round of fundraising and look forward to expanding the app with new features and new sports.”
WEB3 ROUNDUP
News on blockchain/web3:
Can Starbucks Bring Web3 Into the Mainstream?
Embracing data, preparing for Web3 - MIT Sloan
Teardown Of Web3 Tokenonomics
Blockchain Analytics Could Be Beneficial to the Federal Sector
Blockchain revolutionizes food traceability from end to end
LAUGH OUT LOUD
How is Elon Musk able to afford his $44 billion acquisition of Twitter? Simple. He made his coffee at home.
— Douglas A. BOOneparth 👻 (@dougboneparth)
12:45 PM • Oct 6, 2022
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