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11.20.2017

“The cheapest route to a new opportunity is conversation.” 
– Mario Castellanos




 

Alibaba goes offline with $2.9 billion stake in China's top grocer  Internet giant Alibaba said on Monday it would invest $2.87 billion for a major stake in China’s top hypermart operator, Sun Art Retail Group, part of a wider push into offline retail. - Reuters

True cost of opioid epidemic tops $500 billion  The White House says the true cost of the opioid drug epidemic in 2015 was $504 billion, or roughly half a trillion dollars. In an analysis to be released Monday, the Council of Economic Advisers says the figure is more than six times larger than the most recent estimate. - CNBC

IKEA, David Chang and ruler of Dubai invest $40 million in AeroFarms vertical farming  AeroFarms , the revolutionary company just secured a whopping $40 million in financing from world-renowned chef David Chang, megabrand IKEA and the ruler of Dubai — Sheikh Mohammed bin Rashid. The company intends to use the money to address the escalating challenge of bringing healthy, sustainable food to the growing global population using their innovative aeroponic growing system. - Inhabitat

Cult leader and serial killer Charles Manson dead at 83  Charles Manson, the cult leader who was one of the United States' most notorious killers, died Sunday night from natural causes. A statement released by the California State Prison in Corcoran said the 83-year-old Manson was pronounced dead at 8:13 p.m. PST at a Kern County hospital. - Business Insider

Bitcoin passed $8,000 as institutional money inches closer to cryptocurrency markets  Bitcoin’s seemingly unstoppable bull run continued as it passed $8,000 for the first time around 6pm yesterdaY. The price has been flirting with $8,000 for days, probably because several signs point to the long promised arrival of institutional money in the cryptocurrency markets. - QZ

Goldman Sachs says if you thought 2017 was surprisingly good, just wait for 2018  "2017 is shaping up to be the first year of the expansion in which growth surprises to the upside," Goldman analyst Charles Himmelberg said in a note to clients Thursday. "We expect 2018 to deliver more of the same." - CNBC

Post Malone Is Buying a $3 Million Apocalypse Shelter in Utah  The Texas singer-songwriter revealed that he wanted to build an apocalypse shelter. “I’m just buying a place out in the sticks,” he said. “I’m building it underground. It’s going to be fun until the world ends. But whenever the world ends, it’s going to be functional.” - Hype Beast
 
 What Boredom Does to You: The Science of the Wandering Mind.
Among more scientific findings, "Boredom makes people keen to engage in activities that they find more meaningful than those at hand.” ...Sooo they're saying boredom is a reminder that we're not living out our dreams, orrrrr?
 
 I Have an Idea for an App. Now What?
How to do product validation, proper market research, build a team (or just find another co-founder), and of course, monetize your genius, world-changing idea. Just please don't come up with another delivery app.  There are enough ways to get robbed blind via service charges while receiving soggy food from a restaurant 4.5 blocks away. 
 
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