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28 Apr 2019 •  View in browser
Hello there.
Hope you remember me. Summer's here and so is the new Velocity edition. No sweat, here's what we have -
🚀 How lines of code made a rocket explode. Story of the most expensive software bug in the world. "You write code for the world. So you can’t skip the world."
👓 How teenage hackers became millionaires. Today, the best young hackers are millionaires and merit-scholars. Entrepreneurs have a “30 Under 30;” hackers have a “15 Under 15” (seriously).
🐶 Trust funds for pets. A small but growing number of Americans are leaving inheritances to their pets. The typical pet owner leaves behind ~$20k for the lifetime care of their pet.
🎥 The Surveillance State. Armed with joysticks, Ecuador employs more than 3,000 people that control the cameras and scan the streets for drug deals, muggings and murders. If they spy something, they zoom in. The system’s origin: China.
🌤 Want to trade the weather report? No, literally. A look into the crazy market of weather derivatives, where the weather has been monetized and traded since the ’90s, on exchanges.
📱 Dark web's assassin for hire. “If you want to kill someone, or to beat the shit out of him, we are the right guys.” The idea of an anonymous crowdfunded assassination market was originally dreamed up as a Kickstarter for political assassinations by the 90s cypherpunk movement.
🏖 The McKinsey way to save an island. Why is a bankrupt Puerto Rico spending more than a billion dollars on expert advice?
💰 The money-making mom blogs industry. These women amass large audiences with relatable mom content (posts like “How to Organize Every Drawer in Your House”), and then sell courses and -- the real cash cow - “printables.”
🍃 How to get a job in the cannabis industry. Toronto-based company AHLOT, was seeking “expert-level connoisseurs” to smoke and review strains of weed and get paid $50 an hour doing it. There's more.
🏎 Inside sports betting. This spring, Americans spent $8.5 billion indulging in a time-honored vice: wagering on college basketball games. The big leagues want a piece of the action.
Fun facts 
🙄 Movie theatre popcorn is sold at a 1275% markup. Link.
😳 Australia's first cops were all criminals. Their first police force was made up of 12 of the best-behaved convicts. Link.
😱 Japan is giving its elderly population discounts on ramen if they give up their drivers licenses. Link.
😮 In 1998 Sony had the chance to buy the rights to almost every Marvel character for 25 million. They opted to only buy the rights to Spider-Man for just 7 million, stating, "Nobody gives a shit about the other Marvel characters." Link.
😵 Japanese vending machines are operated to dispense drinking water free of charge when the water supply gets cut off during a disaster. Link.
Free ideas
💡 Coachella but for movies. Different stages playing different movies.
💡 An app that connects people who need to use the bathroom with people in the area willing to let a person take a shit in their bathroom for 5 bucks.
💡 Like food trucks but for books, library trucks.
💡 The volume of a car horn should be dictated by the amount of pressure you apply, like force touch.
💡 A restaurant that has you fill out a questionnaire regarding food and taste preferences, and shows you a personalized menu.
✌️
Gaurav Baheti
@gbaheti
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