Bill Gates buys an entire city

</p> <p><!--[if !mso]>>--></p> <p> <!–<br /><!--[if (gte mso 9)|(IE)]>--></p> <p> table {border-collapse: collapse;}<br /> table, td {mso-table-lspace: 0pt;mso-table-rspace: 0pt;}<br /> img {-ms-interpolation-mode: bicubic;}</p> <p><![CDATA[body {<br /> color: #000000;<br /> }<br /> body a {<br /> color: #ed4d1f; text-decoration: none;<br /> }<br /> body {<br /> font-family: arial, sans-serif;<br /> }<br /> @media screen and (max-width:480px) {<br /> .preheader .rightColumnContent {<br /> text-align: right !important;<br /> }<br /> .footer .rightColumnContent {<br /> text-align: right !important;<br /> }<br /> .preheader .rightColumnContent div {<br /> text-align: right !important;<br /> }<br /> .preheader .rightColumnContent span {<br /> text-align: right !important;<br /> }<br /> .footer .rightColumnContent div {<br /> text-align: right !important;<br /> }<br /> .footer .rightColumnContent span {<br /> text-align: right !important;<br /> }<br /> .preheader .rightColumnContent {<br /> font-size: 80% !important; padding: 5px 0;<br /> }<br /> .preheader .leftColumnContent {<br /> font-size: 80% !important; padding: 5px 0;<br /> }<br /> table[class=”wrapper-mobile”] {<br /> width: 100% !important; table-layout: fixed;<br /> }<br /> img[class=”max-width”] {<br /> height: auto !important;<br /> }<br /> a[class=”bulletproof-button”] {<br /> display: block !important; width: auto !important; font-size: 80%; padding-left: 0 !important; padding-right: 0 !important;<br /> }<br /> // 2 columns #templateColumns {<br /> width: 100% !important;<br /> }<br /> .templateColumnContainer {<br /> display: block !important; width: 100% !important; padding-left: 0 !important; padding-right: 0 !important;<br /> }<br /> }<br /> ]]></p> <div class="webkit" style="font-family: arial, sans-serif"> <table bgcolor="#FFFFFF" border="0" cellpadding="0" cellspacing="0" class="wrapper" style="width: 100% !important" width="100%"> <tbody> <tr> <td bgcolor="#FFFFFF" valign="top" width="100%"> <!--[if (gte mso 9)|(IE)]>--></p> <table width="600" align="center" cellpadding="0" cellspacing="0" border="0"> <tr> <td> <table align="center" border="0" cellpadding="0" cellspacing="0" class="outer" role="content-container" width="100%"> <tbody> <tr> <td width="100%"> <table border="0" cellpadding="0" cellspacing="0" width="100%"> <tbody> <tr> <td> <!--[if (gte mso 9)|(IE)]>--></p> <table width="600" align="center" cellpadding="0" cellspacing="0" border="0"> <tr> <td> <table align="center" border="0" cellpadding="0" cellspacing="0" style="max-width: 600px;padding: 0 0px;width: 100%" width="100%"> <tbody> <tr> <td align="left" bgcolor="#FFFFFF" role="modules-container" style="color: #000000;padding: 0px;text-align: left" width="100%"> <table align="center" border="0" cellpadding="0" cellspacing="0" class="module preheader preheader-hide" role="module" style="color: transparent;height: 0;width: 0" width="100%"> <tbody> <tr> <td role="module-content"> <p style="font-family: arial, sans-serif;font-size: 15px;line-height: 120%;margin: 0;padding-bottom: 12px"> </td> </tr> </tbody> </table> <table align="center" border="0" cellpadding="0" cellspacing="0" class="module footer" role="module" width="100%"> <tbody> <tr> <td bgcolor="#ffffff" style="padding: 10px 0px"> <table align="center" border="0" cellpadding="0" cellspacing="0" style="padding: 0 5px" width="100%"> <tbody><!-- START DYNAMIC CONTENT --><br /><!-- START HEADER --></p> <tr role="module-content"> <td align="center" class="templateColumnContainer" valign="top" width="100%"> <table border="0" cellpadding="0" cellspacing="0" width="100%"> <tbody> <tr id="intro"> <td colspan="2" style="color: #000000;font-family: 'Courier New',courier,monospace;font-size: 18px;letter-spacing: -1px;line-height: 120%;padding: 20px 0">Well, more like a piece of land that he’ll turn into a city. But there’s room for 80,000 of you.</td> </tr> <tr style="vertical-align: bottom"> <td class="leftColumnContent" role="column-one" style="height: 100%;padding-top: 20px"><a href="http://thehustle.co/?utm_source=daily&utm_medium=email&utm_campaign=top%20logo" style="color: #000000;font-family: 'Courier New',courier,monospace;font-size: 24px;font-weight: bold;line-height: 100%;text-decoration: none">The Hustle</a></td> <td class="rightColumnContent" role="column-two" style="font-family: 'Courier New',courier,monospace;font-size: 12px;font-weight: bold;height: 100%;line-height: 18px;text-align: right" align="right">Tues, Nov 14</td> </tr> </tbody> </table> <table border="0" cellpadding="0" cellspacing="0" class="module" role="module" width="100%"> <tbody> <tr> <td bgcolor="#ffffff" role="module-content" style="padding-top: 10px" valign="top"> <a href="https://www.leesa.com/products/leesa-mattress?utm_source=the-hustle&utm_medium=sponsored-post&utm_campaign=nov-14-2017&utm_content=all&utm_term=general&referrer=the-hustle" style="color: #ed4d1f;text-decoration: none"><img decoding="async" src="http://blog.doral360.com/wp-content/uploads/2017/11/11.14_ge_20171114015110.jpg" style="height: auto;width: 100%" /></a> </td> </tr> <tr> <td style="font-family: 'Courier New',sans-serif;font-weight: bold;line-height: 120%;padding-top: 10px">Brought to you by <a href="https://www.leesa.com/products/leesa-mattress?utm_source=the-hustle&utm_medium=sponsored-post&utm_campaign=nov-14-2017&utm_content=all&utm_term=general&referrer=the-hustle" style="color: #ed4d1f;text-decoration: none">Leesa</a>… a mattress that scores you compliments.</td> </tr> </tbody> </table> </td> </tr> <p><!-- END HEADER --></p> <p> <!-- START SHARE ME NOW BRIEF --></p> <tr id="news1"> <td> <h2 style="font-size: 26px;font-weight: bold;line-height: 120%;margin-bottom: 16px;margin-top: 36px"><strong>GE is banking on a new mantra: Less is more</strong></h2> <p style="font-family: arial, sans-serif;font-size: 15px;line-height: 120%;margin: 0;padding-bottom: 12px">Yesterday, the biggest manufacturing company in the US announced that it was cutting its dividend in half — from <a href="https://www.cnbc.com/2017/11/13/general-electric-cutting-dividend-by-50-percent-to-12-cents-a-share-from-24-cents-a-share.html" style="color: #ed4d1f;text-decoration: none">24 cents to 12 cents</a> per share — in a bid to restructure its entire business.</p> <p style="font-family: arial, sans-serif;font-size: 15px;line-height: 120%;margin: 0;padding-bottom: 12px">In recent times, 125-year-old GE hasn’t been doing too hot: their stock is <a href="http://money.cnn.com/2017/10/25/investing/ge-stock-dow-exit/index.html" style="color: #ed4d1f;text-decoration: none">down 30%</a> this year and is far and away the worst performer in the Dow Jones Industrial Average.</p> <p style="font-family: arial, sans-serif;font-size: 15px;line-height: 120%;margin: 0;padding-bottom: 12px">Now, the company’s new CEO, John Flannery, is trying to turn the ship around.</p> <h4 style="font-size: 18px;font-weight: bold;margin-bottom: 8px;margin-top: 16px"><strong>New chief in town</strong></h4> <p style="font-family: arial, sans-serif;font-size: 15px;line-height: 120%;margin: 0;padding-bottom: 12px">Over the past 3 decades, GE has made a massive push into conglomerate territory, getting its hands wet in a wide variety of enterprises, ranging from media, to financial services, to “smart” machines.</p> <p style="font-family: arial, sans-serif;font-size: 15px;line-height: 120%;margin: 0;padding-bottom: 12px">The company has <a href="https://www.nytimes.com/2017/11/13/business/ge-dividend-flannery.html?_r=0" style="color: #ed4d1f;text-decoration: none">historically valued</a> this “complexity,” and has touted its ability to manage disparate moving parts. But now, it’s come back to hurt them.</p> <p style="font-family: arial, sans-serif;font-size: 15px;line-height: 120%;margin: 0;padding-bottom: 12px">Flannery, who became CEO in August, is making a <a href="http://www.reuters.com/article/us-ge-review/shrinking-ge-rattles-investors-shares-hit-5-year-low-idUSKBN1DD0H3" style="color: #ed4d1f;text-decoration: none">big push</a> to simplify GE, slashing budgets, and honing its focus on a few products — primarily aviation, power, and health care.</p> <h4 style="font-size: 18px;font-weight: bold;margin-bottom: 8px;margin-top: 16px"><strong>The master plan</strong></h4> <p style="font-family: arial, sans-serif;font-size: 15px;line-height: 120%;margin: 0;padding-bottom: 12px">GE’s new plan includes selling off upwards of $20B in assets — and everything is on the table, including its iconic light bulb and railroad divisions.</p> <p style="font-family: arial, sans-serif;font-size: 15px;line-height: 120%;margin: 0;padding-bottom: 12px">They’ll also be slashing as much as 25% of their home office staff, and cutting its board from 18 to 12 members. </p> <p style="font-family: arial, sans-serif;font-size: 15px;line-height: 120%;margin: 0;padding-bottom: 12px">“The GE of the future is going to be a more focused industrial company,” Flannery <a href="https://www.cnbc.com/2017/11/13/ge-announces-broad-restructuring-to-keep-health-care-aviation-and-energy-units.html" style="color: #ed4d1f;text-decoration: none">told investors</a> on Monday. “This is the opportunity, really of a lifetime, to reinvent an iconic company.”</p> <h4 style="font-size: 18px;font-weight: bold;margin-bottom: 8px;margin-top: 16px"><strong>Not good enough?</strong></h4> <p style="font-family: arial, sans-serif;font-size: 15px;line-height: 120%;margin: 0;padding-bottom: 12px">In light of this news, GE stock plunged 7%, reaching its lowest price since the housing crisis. This, coupled with a terrible earnings report last month, has investors aching for a big shakeup.</p> <p style="font-family: arial, sans-serif;font-size: 15px;line-height: 120%;margin: 0;padding-bottom: 12px">And while GE <em>did</em> announce a restructuring effort, it seems like kind of a weak rebuttal to their financial woes: critics have been calling for a “<a href="https://www.bloomberg.com/gadfly/articles/2017-11-13/ge-dividend-cut-is-a-bang-reboot-is-more-of-a-whimper" style="color: #ed4d1f;text-decoration: none">full-scale breakup</a>” of the business for years — and this plan falls far short of the dramatic announcement that was expected.</p> </td> </tr> <p><!-- START SHARING --></p> <tr> <td id="link" style="font-family: 'Courier New',courier,monospace;font-size: 26px;line-height: 120%;padding: 15px 0;text-align: center" align="center">GE, thanks</td> </tr> <tr> <td> <table style="text-align: center;width: 100%"> <tbody> <tr> <td style="padding: 5px 0;text-align: center" align="center"><a href="https://www.facebook.com/hustlecon/posts/1948903345369526" style="color: #ed4d1f;padding: 0 8px;text-decoration: none"><img decoding="async" src="http://blog.doral360.com/wp-content/uploads/2017/11/share_fb-4.jpg" /></a></td> <td style="padding: 5px 0;text-align: center" align="center"><a href="https://www.linkedin.com/shareArticle?mini=true&summary=GE+banks+on+a+new+mantra%2C+investors+immediately+get+cold+feed&url=https%3A%2F%2Fthehustle.co%2Fge-restructure%3Futm_source%3Ddaily%26utm_medium%3Demail%26utm_campaign%3D11%252F14%2520-%2520ge%26utm_content%3Dge" style="color: #ed4d1f;padding: 0 8px;text-decoration: none"><img decoding="async" src="http://blog.doral360.com/wp-content/uploads/2017/11/share_li-3.jpg" /></a></td> <td style="padding: 5px 0;text-align: center" align="center"><a href="https://twitter.com/intent/tweet?text=GE+banks+on+a+new+mantra%2C+investors+immediately+get+cold+feed&url=https%3A%2F%2Fthehustle.co%2Fge-restructure%3Futm_source%3Ddaily%26utm_medium%3Demail%26utm_campaign%3D11%252F14%2520-%2520ge%26utm_content%3Dge&via=Hustle_Says" style="color: #ed4d1f;padding: 0 8px;text-decoration: none"><img decoding="async" src="http://blog.doral360.com/wp-content/uploads/2017/11/share_tw-3.jpg" /></a></td> <td style="padding: 5px 0;text-align: center" align="center"><a href="https://thehustle.co/ge-restructure?utm_source=daily&utm_medium=email&utm_campaign=11%2F14%20-%20ge&utm_content=ge" style="color: #ed4d1f;padding: 0 8px;text-decoration: none"><img decoding="async" src="http://blog.doral360.com/wp-content/uploads/2017/11/share_new-3.jpg" /></a></td> </tr> </tbody> </table> </td> </tr> <p><!-- END SHARING --></p> <tr> <td id="break1" style="border-bottom-color: #dddddd;border-bottom-style: solid;border-bottom-width: 1px;height: 30px"> </td> </tr> <p><!-- END SHARE ME NOW BRIEF --></p> <p> <!-- START BRIEF --></p> <tr id="news1"> <td> <h2 style="font-size: 26px;font-weight: bold;line-height: 120%;margin-bottom: 16px;margin-top: 36px"><strong>Bill Gates is funding a ‘smart city’ in Arizona</strong></h2> <p style="font-family: arial, sans-serif;font-size: 15px;line-height: 120%;margin: 0;padding-bottom: 12px">Everyone’s favorite <a href="https://www.youtube.com/watch?v=QqfjiuqVrV4" style="color: #ed4d1f;text-decoration: none">chair-jumping</a> billionaire just purchased <a href="https://qz.com/1128057/bill-gates-smart-city-could-already-be-better-poised-to-build-the-future-than-indias-plan/" style="color: #ed4d1f;text-decoration: none">25k</a> acres of land in Arizona to begin construction on a new ‘smart city’ dubbed “Belmont” (after one of Gates’ investment firms, Belmont Partners).</p> <p style="font-family: arial, sans-serif;font-size: 15px;line-height: 120%;margin: 0;padding-bottom: 12px">Gates has invested $80m into the 25k acre space — and when it’s complete, it will contain 80k residential units and a population of around <a href="http://www.businessinsider.com/bill-gates-buys-arizona-land-to-build-smart-city-2017-11" style="color: #ed4d1f;text-decoration: none">182k</a>.</p> <h4 style="font-size: 18px;font-weight: bold;margin-bottom: 8px;margin-top: 16px"><strong>Okay, so what are we talking here?</strong></h4> <p style="font-family: arial, sans-serif;font-size: 15px;line-height: 120%;margin: 0;padding-bottom: 12px">Set just 45 minutes outside of Phoenix, the community-to-be plans to have all the trappings of a true city of the future: high-speed internet ingrained in the environment, congestion minimizing traffic lights, and newer, smarter manufacturing technology.</p> <p style="font-family: arial, sans-serif;font-size: 15px;line-height: 120%;margin: 0;padding-bottom: 12px">Gates plans to populate the city with around 3,800 acres of offices, stores, and homes while keeping around 470 acres for public schools.</p> <p style="font-family: arial, sans-serif;font-size: 15px;line-height: 120%;margin: 0;padding-bottom: 12px">In a statement, Belmont Partners said that the city will “transform a raw, blank slate into a purpose-built city built with a flexible infrastructure model.”</p> <h4 style="font-size: 18px;font-weight: bold;margin-bottom: 8px;margin-top: 16px"><strong>Flexibility is the future</strong></h4> <p style="font-family: arial, sans-serif;font-size: 15px;line-height: 120%;margin: 0;padding-bottom: 12px">While Saudi Arabia’s Crown Prince Mohammed bin Salman plans to build a new <a href="https://thehustle.co/saudi-arabia-building-startup-city" style="color: #ed4d1f;text-decoration: none">$500B</a> metropolis spanning three countries, and India plans to build <a href="https://www.archdaily.com/874576/is-indias-plan-to-build-100-smart-cities-inherently-flawed" style="color: #ed4d1f;text-decoration: none">100 others</a>, this ambitious feat isn’t exactly new.</p> <p style="font-family: arial, sans-serif;font-size: 15px;line-height: 120%;margin: 0;padding-bottom: 12px">But with the UN predicting that <a href="http://www.un.org/en/development/desa/news/population/world-urbanization-prospects-2014.html" style="color: #ed4d1f;text-decoration: none">2.5B</a> people will migrate into cities by 2050, they all seem to have the same goals in mind: to bring a new, progressive focus into city livin’ by improving infrastructure for the new bodies who wish to live it.</p> </td> </tr> <p><!-- START LINK --></p> <tr> <td id="link" style="padding: 10px 0"> <table class="emailshare" style="border-spacing: 0;font-family: 'Arial',sans-serif"> <tbody> <tr> <td style="background: #000000;border: 2px solid #000000;height: 21px;padding: 0;text-align: center;vertical-align: middle;width: 21px" align="center" bgcolor="#000000" valign="middle"><span style="float: none;text-align: center"><a href="https://thehustle.co/bill-gates-funding-smart-city?utm_source=daily&utm_medium=email&utm_campaign=11%2F14%20-%20ge&utm_content=bill%20gates" style="color: #ed4d1f;text-decoration: none"><img decoding="async" height="12" src="http://blog.doral360.com/wp-content/uploads/2017/11/sharelinkbutton-9.png" style="height: 12px;width: 12px" width="12" /></a></span></td> <td style="padding: 0;vertical-align: top" valign="top"> <table class="fbshare" style="border-spacing: 0"> <tbody> <tr> <td style="border-color: #000;border-style: solid;border-width: 2px 2px 2px 0;padding: 0 8px;vertical-align: middle" valign="middle"><a href="https://thehustle.co/bill-gates-funding-smart-city?utm_source=daily&utm_medium=email&utm_campaign=11%2F14%20-%20ge&utm_content=bill%20gates" style="color: #000000;font-size: 12px;font-weight: bold;line-height: 21px;text-decoration: none">A billionaire’s dream</a></td> </tr> </tbody> </table> </td> </tr> </tbody> </table> </td> </tr> <p><!-- END LINK --></p> <tr> <td id="break1" style="border-bottom-color: #dddddd;border-bottom-style: solid;border-bottom-width: 1px;height: 30px"> </td> </tr> <p><!-- END BRIEF --></p> <p> <!-- START BRIEF --></p> <tr id="news1"> <td> <h2 style="font-size: 26px;font-weight: bold;line-height: 120%;margin-bottom: 16px;margin-top: 36px"><strong>Lyft heads to Toronto, making its first push outside the US</strong></h2> <p style="font-family: arial, sans-serif;font-size: 15px;line-height: 120%;margin: 0;padding-bottom: 12px">Starting in December, Lyft will begin <a href="https://www.theverge.com/2017/11/13/16643870/lyft-toronto-launch-first-international-city" style="color: #ed4d1f;text-decoration: none">operating in Toronto</a>, marking the ride-hailing service’s first trek onto international roads.</p> <p style="font-family: arial, sans-serif;font-size: 15px;line-height: 120%;margin: 0;padding-bottom: 12px">Lyft’s US numbers have proven that it’s time for the company to move North of the border. After growing their availability from 54% to 95% of the US population this year, the service is on pace to take over <a href="https://www.bloomberg.com/news/articles/2017-11-11/lyft-set-to-claim-third-of-u-s-market-in-2017-document-shows" style="color: #ed4d1f;text-decoration: none">a third</a> of the ride-hailing market.</p> <h4 style="font-size: 18px;font-weight: bold;margin-bottom: 8px;margin-top: 16px"><strong>It all seems to be falling into place</strong></h4> <p style="font-family: arial, sans-serif;font-size: 15px;line-height: 120%;margin: 0;padding-bottom: 12px">What with Uber’s recent laundry list of corporate follies, Lyft has moved forward without a hitch, capitalizing at every left and right-hand turn.</p> <p style="font-family: arial, sans-serif;font-size: 15px;line-height: 120%;margin: 0;padding-bottom: 12px">This deal comes shortly after Lyft received a $1B round of funding from Alphabet’s CapitalG fund, the ride-hailing service’s biggest round yet, now placing them at an <a href="http://mashable.com/2017/11/13/lyft-toronto-canada-expansion/#SR9t2_Q08Oqk" style="color: #ed4d1f;text-decoration: none">$11B</a> valuation.</p> <p style="font-family: arial, sans-serif;font-size: 15px;line-height: 120%;margin: 0;padding-bottom: 12px">Aside from the new cash stash, they’ve also recently landed a handful of partnerships with big boy automakers and tech companies in order to join the fully-automated vehicle craze.</p> <h4 style="font-size: 18px;font-weight: bold;margin-bottom: 8px;margin-top: 16px"><strong>Lyft has killed it this year</strong></h4> <p style="font-family: arial, sans-serif;font-size: 15px;line-height: 120%;margin: 0;padding-bottom: 12px">While that isn’t up for debate, they still trail Uber in terms of reach and <a href="https://techcrunch.com/2017/06/22/as-ubers-value-slips-on-the-secondary-market-lyfts-is-rising/" style="color: #ed4d1f;text-decoration: none">valuation</a>, but ‘slow and steady’ has seemed to work out for Lyft thus far, and right now Toronto is their focus.</p> <p style="font-family: arial, sans-serif;font-size: 15px;line-height: 120%;margin: 0;padding-bottom: 12px"><em>But be warned, Lyft: Uber’s new golden boy, Khosrowshahi, is gunnin’ down the road in an off-duty, black Prius, sniffing out your every move.</em></p> </td> </tr> <p><!-- START LINK --></p> <tr> <td id="link" style="padding: 10px 0"> <table class="emailshare" style="border-spacing: 0;font-family: 'Arial',sans-serif"> <tbody> <tr> <td style="background: #000000;border: 2px solid #000000;height: 21px;padding: 0;text-align: center;vertical-align: middle;width: 21px" align="center" bgcolor="#000000" valign="middle"><span style="float: none;text-align: center"><a href="https://thehustle.co/lyft-heads-to-toronto?utm_source=daily&utm_medium=email&utm_campaign=11%2F14%20-%20ge&utm_content=lyft" style="color: #ed4d1f;text-decoration: none"><img decoding="async" height="12" src="http://blog.doral360.com/wp-content/uploads/2017/11/sharelinkbutton-10.png" style="height: 12px;width: 12px" width="12" /></a></span></td> <td style="padding: 0;vertical-align: top" valign="top"> <table class="fbshare" style="border-spacing: 0"> <tbody> <tr> <td style="border-color: #000;border-style: solid;border-width: 2px 2px 2px 0;padding: 0 8px;vertical-align: middle" valign="middle"><a href="https://thehustle.co/lyft-heads-to-toronto?utm_source=daily&utm_medium=email&utm_campaign=11%2F14%20-%20ge&utm_content=lyft" style="color: #000000;font-size: 12px;font-weight: bold;line-height: 21px;text-decoration: none">Ride-warriors</a></td> </tr> </tbody> </table> </td> </tr> </tbody> </table> </td> </tr> <p><!-- END LINK --></p> <tr> <td id="break1" style="border-bottom-color: #dddddd;border-bottom-style: solid;border-bottom-width: 1px;height: 30px"> </td> </tr> <p><!-- END BRIEF --></p> <p> <!-- START BRIEF --></p> <tr id="news1"> <td> <h2 style="font-size: 26px;font-weight: bold;line-height: 120%;margin-bottom: 16px;margin-top: 36px"><strong>Most founders suck at being CEO</strong></h2> <p style="font-family: arial, sans-serif;font-size: 15px;line-height: 120%;margin: 0;padding-bottom: 12px">Most founders dream of the day they’ll scale to a massive team and — from iteration to big success — retain their throne as CEO.</p> <p style="font-family: arial, sans-serif;font-size: 15px;line-height: 120%;margin: 0;padding-bottom: 12px">Unfortunately, that kind of thinking isn’t always best for the company: <a href="https://work.qz.com/1125919/we-finally-have-proof-that-visionary-founders-make-the-worst-ceos/" style="color: #ed4d1f;text-decoration: none">new research</a> shows that, more often than not, companies run by founders are “less productive and more poorly managed” than those which bring in outside CEOs.</p> <h4 style="font-size: 18px;font-weight: bold;margin-bottom: 8px;margin-top: 16px"><strong>Not everyone’s a Bezos or a Branson</strong></h4> <p style="font-family: arial, sans-serif;font-size: 15px;line-height: 120%;margin: 0;padding-bottom: 12px">The <a href="http://www.people.hbs.edu/rsadun/AreFounderCEOsGoodManagers.pdf" style="color: #ed4d1f;text-decoration: none">study</a>, from business school professors at Duke, Vanderbilt, and Harvard, examined data from 13k companies across 32 countries and found that founder-led businesses were an average of 9.4% less productive and were rated lower on management satisfaction.</p> <p style="font-family: arial, sans-serif;font-size: 15px;line-height: 120%;margin: 0;padding-bottom: 12px">“Founder CEOs,” wrote one of the <a href="http://www.people.hbs.edu/rsadun/AreFounderCEOsGoodManagers.pdf" style="color: #ed4d1f;text-decoration: none">paper’s co-authors</a>, “were by far the worst type of CEO.”</p> <h4 style="font-size: 18px;font-weight: bold;margin-bottom: 8px;margin-top: 16px"><strong>But… but I’m a good leader!</strong></h4> <p style="font-family: arial, sans-serif;font-size: 15px;line-height: 120%;margin: 0;padding-bottom: 12px">It’s actually pretty rare for founders to remain on as CEO as their company grows: a <a href="https://hbr.org/2008/02/the-founders-dilemma" style="color: #ed4d1f;text-decoration: none">separate study</a> found that only 25% of them remain on as CEO by the time of an IPO.</p> <p style="font-family: arial, sans-serif;font-size: 15px;line-height: 120%;margin: 0;padding-bottom: 12px">Turns out, investors don’t like going all in on companies that are too reliant on one person’s talents. Being a good founder and a good CEO require two completely different skillsets.</p> <p style="font-family: arial, sans-serif;font-size: 15px;line-height: 120%;margin: 0;padding-bottom: 12px">A lot of startup founders suffer from what’s called the “<a href="http://people.hbs.edu/nwasserman/Rich_vs_King-Proceedings_with_abstract.pdf" style="color: #ed4d1f;text-decoration: none">rich versus king</a>” dilemma: they toggle between wanting control and wanting profit. And unfortunately, control often wins.</p> </td> </tr> <p><!-- START LINK --></p> <tr> <td id="link" style="padding: 10px 0"> <table class="emailshare" style="border-spacing: 0;font-family: 'Arial',sans-serif"> <tbody> <tr> <td style="background: #000000;border: 2px solid #000000;height: 21px;padding: 0;text-align: center;vertical-align: middle;width: 21px" align="center" bgcolor="#000000" valign="middle"><span style="float: none;text-align: center"><a href="https://thehustle.co/most-founders-suck-at-being-ceo?utm_source=daily&utm_medium=email&utm_campaign=11%2F14%20-%20ge&utm_content=founder" style="color: #ed4d1f;text-decoration: none"><img decoding="async" height="12" src="http://blog.doral360.com/wp-content/uploads/2017/11/sharelinkbutton-11.png" style="height: 12px;width: 12px" width="12" /></a></span></td> <td style="padding: 0;vertical-align: top" valign="top"> <table class="fbshare" style="border-spacing: 0"> <tbody> <tr> <td style="border-color: #000;border-style: solid;border-width: 2px 2px 2px 0;padding: 0 8px;vertical-align: middle" valign="middle"><a href="https://thehustle.co/most-founders-suck-at-being-ceo?utm_source=daily&utm_medium=email&utm_campaign=11%2F14%20-%20ge&utm_content=founder" style="color: #000000;font-size: 12px;font-weight: bold;line-height: 21px;text-decoration: none">What’s more important: power or money?</a></td> </tr> </tbody> </table> </td> </tr> </tbody> </table> </td> </tr> <p><!-- END LINK --></p> <tr> <td id="break1" style="height: 50px"> </td> </tr> <p><!-- END BRIEF --></p> <p> <!-- START EXTRA HTML --><br /><!-- START TOOLBOX --></p> <tr> <td style="border-bottom-color: #000000;border-bottom-style: solid;border-bottom-width: 3px"> <table style="border-spacing: 0;width: 100%"> <tbody> <tr> <td style="height: 8px"> </td> <td rowspan="2" style="padding: 0;text-align: right;vertical-align: bottom" align="right" valign="bottom"><img loading="lazy" decoding="async" height="30" src="http://blog.doral360.com/wp-content/uploads/2017/11/toolbox.jpg" style="height: 30px;width: 46px" width="46" /></td> </tr> <tr> <td style="background: #000000;color: #ffffff;font-family: 'Courier New',courier,monospace;font-size: 12px;font-weight: bold;letter-spacing: 1px;padding: 8px 10px 5px;text-align: center;width: 190px" align="center" bgcolor="#000000">from our toolbox</td> </tr> </tbody> </table> </td> </tr> <tr id="toolbox"> <td bgcolor="#ffffff" valign="top" style="padding-bottom: 10px"> <h2 style="font-size: 26px;font-weight: bold;line-height: 120%;margin-bottom: 16px;margin-top: 36px"><strong>Book of the Month: Tribe of Mentors, by Tim Ferriss</strong></h2> <p style="font-family: arial, sans-serif;font-size: 15px;line-height: 120%;margin: 0;padding-bottom: 12px">Last week, Tim Ferriss sent a copy of his new book, <a href="https://www.amazon.com/Tribe-Mentors-Short-Advice-World/dp/1328994961/ref=as_sl_pc_qf_sp_asin_til?tag=thehustle0b-20&linkCode=w00&linkId=45a010cb5318349d8b0f37e61d9855c3&creativeASIN=1328994961" style="color: #ed4d1f;text-decoration: none"><em>Tribe of Mentors</em></a>, to our office.</p> <p style="font-family: arial, sans-serif;font-size: 15px;line-height: 120%;margin: 0;padding-bottom: 12px">Like a lot of you, I’ve read most of Tim’s book. Some, like <em>The 4-Hour Workweek</em>, changed my life. Others, like <em>The 4-Hour Chef</em>, were only so-so. But <em>Tribe of Mentors</em> was so good that I read all 600 pages of it in 4 days.</p> <h4 style="font-size: 18px;font-weight: bold;margin-bottom: 8px;margin-top: 16px"><strong>Why is it such a good book?</strong></h4> <p style="font-family: arial, sans-serif;font-size: 15px;line-height: 120%;margin: 0;padding-bottom: 12px"><a href="https://www.amazon.com/Tribe-Mentors-Short-Advice-World/dp/1328994961/ref=as_sl_pc_qf_sp_asin_til?tag=thehustle0b-20&linkCode=w00&linkId=45a010cb5318349d8b0f37e61d9855c3&creativeASIN=1328994961" style="color: #ed4d1f;text-decoration: none"><em>Tribe of Mentors</em></a> is a compilation of business and life advice from world-class performers (like Gary Vaynerchuk, Michael Gervais, Maria Sharapova), and dozens of founders and CEOs from Facebook, Dropbox, Spotify, and the ilk.</p> <p style="font-family: arial, sans-serif;font-size: 15px;line-height: 120%;margin: 0;padding-bottom: 12px">One of my favorite quips from the book: “Great opportunities never have ‘great opportunity’ in the subject line” (via Scott Belsky).</p> <h4 style="font-size: 18px;font-weight: bold;margin-bottom: 8px;margin-top: 16px"><strong>But here’s a <em>really</em> great opportunity: a live Q+A with Tim Ferriss</strong></h4> <p style="font-family: arial, sans-serif;font-size: 15px;line-height: 120%;margin: 0;padding-bottom: 12px">I loved this book so much that I invited Tim to do a live Q+A on our <a href="https://www.facebook.com/hustlecon/" style="color: #ed4d1f;text-decoration: none">Facebook page</a> this Wednesday at 1:00 PM. Want to ask him a question? <a href="https://thehustle.co/live-interview-tim-ferriss-the-hustle-2017" style="color: #ed4d1f;text-decoration: none">Here’s how</a>.</p> <p style="font-family: arial, sans-serif;font-size: 15px;line-height: 120%;margin: 0;padding-bottom: 12px">— Sam, CEO of The Hustle</p> <p style="font-family: arial, sans-serif;font-size: 15px;line-height: 120%;margin: 0;padding-bottom: 12px"><strong>PS:</strong> We were not paid or asked to write this. But we do use an Amazon affiliate link for Tim’s new book, <a href="https://www.amazon.com/Tribe-Mentors-Short-Advice-World/dp/1328994961/ref=as_sl_pc_qf_sp_asin_til?tag=thehustle0b-20&linkCode=w00&linkId=45a010cb5318349d8b0f37e61d9855c3&creativeASIN=1328994961" style="color: #ed4d1f;text-decoration: none">which you can find here</a>.</p> </td> </tr> <tr> <td id="spacer" style="padding-top: 80px"> </td> </tr> <p><!-- END TOOLBOX --><br /><!-- END EXTRA HTML --></p> <p> <!-- START ADVERTORIAL --></p> <tr> <td style="font-family: 'Courier New',serif;text-align: center" align="center">This edition of The Hustle was brought to you by</td> </tr> <tr> <td> <a href="https://www.leesa.com/products/leesa-mattress?utm_source=the-hustle&utm_medium=sponsored-post&utm_campaign=nov-14-2017&utm_content=all&utm_term=general&referrer=the-hustle" style="color: #ed4d1f;text-decoration: none"><img decoding="async" src="http://blog.doral360.com/wp-content/uploads/2017/11/leesa_20171114004656.jpg" style="height: 100px;width: 250px" /></a> </td> </tr> <tr id="sponsored"> <td bgcolor="#ffffff" role="module-content"> <h2 style="font-size: 26px;font-weight: bold;line-height: 120%;margin-bottom: 16px;margin-top: 36px"><strong>“Baby, it’s cold under these sheets”</strong></h2> <p style="font-family: arial, sans-serif;font-size: 15px;line-height: 120%;margin: 0;padding-bottom: 12px">If Jack Frost is coming between you and a restful night’s sleep, it’s time to send an eviction notice. </p> <p style="font-family: arial, sans-serif;font-size: 15px;line-height: 120%;margin: 0;padding-bottom: 12px">Listen, JF it’s not you, it’s the icy demigod you’ve become. Fight this year’s cold winter nights with Leesa.</p> <h4 style="font-size: 18px;font-weight: bold;margin-bottom: 8px;margin-top: 16px"><strong>This winter, sleep like a yule log with Leesa</strong></h4> <p style="font-family: arial, sans-serif;font-size: 15px;line-height: 120%;margin: 0;padding-bottom: 12px">The <a href="https://www.leesa.com/products/leesa-mattress?utm_source=the-hustle&utm_medium=sponsored-post&utm_campaign=nov-14-2017&utm_content=all&utm_term=general&referrer=the-hustle" style="color: #ed4d1f;text-decoration: none">sleep experts at Leesa</a> engineered their mattress to be a seasonal chameleon: cool and crisp in the summer, warm and cozy in the winter. No matter the season, Leesa mattresses are bringin’ the comfort. </p> <p style="font-family: arial, sans-serif;font-size: 15px;line-height: 120%;margin: 0;padding-bottom: 12px">No, it’s not magic, it’s science — <a href="https://www.leesa.com/products/leesa-mattress?utm_source=the-hustle&utm_medium=sponsored-post&utm_campaign=nov-14-2017&utm_content=all&utm_term=general&referrer=the-hustle" style="color: #ed4d1f;text-decoration: none"><em>foam science</em></a>. </p> <p style="font-family: arial, sans-serif;font-size: 15px;line-height: 120%;margin: 0;padding-bottom: 12px">And this year, Leesa’s dozers have crafted a new range of products to keep you cozy — like the Leesa blanket, made from the same material as their signature mattress cover. Heavy like a quilt, but soft like a lamb, the <a href="https://www.leesa.com/products/leesa-mattress?utm_source=the-hustle&utm_medium=sponsored-post&utm_campaign=nov-14-2017&utm_content=all&utm_term=general&referrer=the-hustle" style="color: #ed4d1f;text-decoration: none">Leesa blanket</a> can keep you and your bundle buddy toasty all through the night. </p> <p style="font-family: arial, sans-serif;font-size: 15px;line-height: 120%;margin: 0;padding-bottom: 12px">Don’t let Jack chill another slumber. Roll on over to the Leesa site and see their full line-up of <a href="https://www.leesa.com/products/leesa-mattress?utm_source=the-hustle&utm_medium=sponsored-post&utm_campaign=nov-14-2017&utm_content=all&utm_term=general&referrer=the-hustle" style="color: #ed4d1f;text-decoration: none">premium mattresses, blankets, and pillows</a>. Sorry, Jack.</p> </td> </tr> <tr> <td id="ender" style="padding-top: 54px"> </td> </tr> <p><!-- END ADVERTORIAL --></p> <p> <!-- START NEWER FOOTER WITH PICS --></p> <tr> <td style="padding-bottom: 5px;text-align: center" align="center"> <span style="float: none;text-align: center"><a href="http://thehustle.co/daily?utm_source=daily&utm_medium=email&utm_campaign=bottom%20logo" style="color: #ed4d1f;text-decoration: none"><img loading="lazy" decoding="async" height="22" src="http://blog.doral360.com/wp-content/uploads/2017/11/5ac943442b81c850dcbf408620412943c2777df84d15b1a1d1f0cf3b39cfba07a805dca9fd656f17ca7e876c82fa7db72f9f296ef7bbf436d1c743173437bc9f-3.jpg" style="height: 22px;width: 100px" width="100" /></a></span> </td> </tr> <tr> <td> <table style="border-spacing: 0"> <tr> <td style="background: #000000;color: #ffffff;font-family: 'Arial',sans-serif;font-size: 8px;font-weight: normal;letter-spacing: 1px;line-height: 100%;padding: 4px 20px 10px;text-align: center" align="center " 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