👀 The Week At A Glance
This week we talked about the Lehman Brothers moment for startups, the billion-dollar hemp industry, the pause in EY's split and much more.
We started the week by talking about the origin story of Nescafe and we ended it by discussing the fall of the Silicon Valley Bank. Catch up with all this and more in just 3 minutes.
☕ From the Ashes of a Financial Disaster: Nescafe
Financial disasters like a stock market crash usually mean job losses and company's shutting down. But one of the most iconic brands in the world, Nescafe, was born because of the Great Depression. Here's how that happened.
🚘 E-Highways: The Spark India's EVs Need?
Charging EVs is a big pain right now. There are very few chargers available on public highways and roads. And even when they are available, charging most EVs is super time consuming. But the Indian government is planning a move that will solve all of these problems. It is planning to launch e-highways that charge your vehicle on the go. Wondering how they work? ReadOn!
😲 Holi Hemp: An $18.6 Bn Opportunity?
Hemp has been mentioned in our Ayurvedic texts, our religious books and even finds mention in age-old home remedies. But cut to the modern world, we have very little knowledge of hemp and hardly use it. What happened? Are we neglecting the health benefits of hemp? Here's how huge this industry could be.
🙌🏻 We Owe Women $11 Trillion!
We often talk about how we can never repay our mothers, sisters and grandmothers for all the things they do for us. And we're right. In just a year, women's unpaid labour adds up to $11 trillion worth of work! So, what can we do to compensate women? ReadOn!
🧐 EY: Split or No Split?
In September 2022, EY had announced ambitious plans to split its audit and consulting arms. It was a plan like no other and would change the audit and consulting industry forever. Though everybody anticipated problems with a split of this size, EY had assured people it would be smooth sailing. Turns out, they were wrong. And now they have to pause the split. Wondering why? ReadOn!
📉 The Fall of the Silicon Valley Bank
One bank, just one bank, caused the entire bank sector in the USA to lose $80 Bn in one day. The bank: Silicon Valley Bank, the messiah of startups, the banker for VCs. The bank itself lost $9.6 bn in one day. This also caused startups to heavily start withdrawing deposits- a recipe for any bank's bankruptcy. But how did all this happen? How did SVB go from USA's 16th largest banks to almost being bankrupt? And what does this mean for startups? ReadOn!
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Team ReadOn ❤️
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