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- Social Leverage Letter | Issue #60
Social Leverage Letter | Issue #60
Navigating Student Loans, Little Rules that Make a Difference, and Pushing your Limits as an Entrepreneur
Pete Weishaupt
October 23, 2022
A weekly newsletter for early-stage seed startups and investors.
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READING
Little Rules About Big Thing
Morgan Housel walks through some of the little things that can make a big difference.
How to Push Your Limits as an Entrepreneur
The challenge for most entrepreneurs is knowing how to identify their limits in order to push themselves to the next level.
LISTENING
Back in 1979, Dyson had the idea for a new vacuum cleaner that didn’t use bags. After building more than 5,000 prototypes in his shed, none of the big brands would license his invention, or even take his phone calls. He started his own company. Today, Dyson is a best-selling brand and James Dyson is a billionaire.
WATCHING
Longevity and Fitness Regimens from 89-Year-Old Investing Legend Edward O. Thorp:
DEAL SPOTLIGHT
Highlighting interesting seed rounds from around the globe:
Smart Wallet 'Kudos' Closes $7M Seed Funding Round
Kudos Technologies, Inc closed a $7 million seed round. The round was led by Patron, and included investments from QED Investors, SciFi VC, SV Angel, Precursor Ventures, Newtype Ventures, Chingona Ventures – and over forty angel investors, according to a company release.
The round will enable Kudos to further develop their smart wallet that maximizes consumer rewards while shopping online. The company will also allocate funds to future initiatives like launching cashback boosts across 12,000 merchant partners and user growth, as well as other features not yet announced. In addition, they’ve launched their mobile and desktop extensions to the public.
“Our goal at Kudos is to simplify online checkout and maximize rewards and benefits to the consumer,” said Kudos Co-founder and CEO Tikue Anazodo. “We identified an opportunity to build a new wallet product with a more consumer-focused lens and are excited to provide greater utility and benefits to our users.”
Kudos is a smart wallet that works everywhere users shop online and helps them save time and earn money whenever they shop. Since the beta launch, Kudos has seen downloads increasing an average of 36 percent month over month and currently supports checkout at over one million websites. The company was founded in 2021 by a team of Google, Affirm, and PayPal alumni.
WEB3 ROUNDUP
News on blockchain/web3:
Top Brands in Web3, NFTs and the Metaverse
Nike's Venture into Web3 Isn't About Tech – It's About Culture
Warner Bros. teams up with web3 startup Eluvio to launch 'Lord of the Rings' NFTs
The Dangerous Flaws of Web3 Security, According To a Former Hacker
JOB BOARD
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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.