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Gather all your assets, move into the exits.
[The Hustle]( Thur, Apr 27
Home off the range
In a blog post titled â[Hanging up my spurs]( Chris Sacca, the VC cowboy and founder of Lowercase Capital (amazing name), announced heâs retiring from investing, to his house on the prairie.
âI donât know who Chris Sacca isâ
*Pulls head out of Silicon Valley bubble* Oh right, ok. So professionally, Sacca is a known for being one of the earliest investors in Uber and Twitter.
Personally, heâs known for splitting his time between LA, the mountain town of Truckee, and Big Sky, Montana while wearing exclusively cowboy shirts and boots. Before you ask, heâs from Lockport, New York.
[Lowercaseâs website]( is completely wild-west themed, down to the instructions on how to âsaddle upâ with them, and liberal use of the word â[posthaste]( to his sharpshooting, heâs worth $1.2B, and his fund has [returned $5B to investors]( from Twitter alone.
But it wasnât always blue jeans and sunshine
As a law student at Georgetown, Sacca, used $20k in student loans to start day trading, [growing it to $12m]( by age 22. Then the dot com bubble burst, and he found himself $4m in the hole. Whoops.
For the next several years, he hustled at Google, started a rent-a-lawyer business, and wrote a $25k check when his friend Evan Williams pitched him a âmicrobloggingâ platform called Twttr.
Yadda yadda yadda, now heâs #2 on [Forbesâ Midas List]( of top tech investors. But heâs putting all of that behind himâ¦Â
So whatâs he gonna do instead?
Probably not just whittling canoes out of tree trunks and eating beans out of a can.
While heâs not returning to [Shark Tank,]( heâs expressed interest in building his presence in media/entertainment, kicking things off by playing himself in Zach Braffâs [new pilot]( for ABC, based on the Startup Podcast.Â
But whatever he does next, you can bet heâll go at it full-steam, because like he says on the Tank, if youâre not all-in, youâre out.
[Go on, git!](
Â
âLayoffs?! You kidding me? Layoffs?â
Yesterday, ESPN [announced]( it was letting go of 100 journalists and on-air personalities, after losing 10m subscribers over the [last 5 years](.
Pair cord cutting with increasingly expensive licensing costs for the rights to air games, and itâs not a great equation for the countryâs biggest sports broadcaster.
And, because theyâre locked into expensive, long-term contracts with various leagues (weâre talking $15.2B over 10 years for the NFL), the only way to stay afloat is to cut costs and hopefully figure out how to charge their remaining customers more.
Or maybe itâs time to switch up the playbook
Bleacher Report, Time Warnerâs digital answer to Disneyâs analog ESPN, pulled back the curtain yesterday on their new logo, app, and attitude for engaging their young, overwhelmingly male audience.
According to founder and CEO, Dave Finocchio, [the media gameâs changed]( and it takes more than a good commercial to reach viewers. So theyâre focusing on mobile-first, short video clips and doubling down on sports culture -- not just reporting scores and highlights.
Between BRâs fresh approach, ESPN unloading their bench, and tech giants like Twitter and Amazon winning bids on broadcasting rights, sports media looks like itâs doing some much-needed substitution.
[Take that for data](
Â
Not bad, Twitter
Well, not good either, but better than everyone expected. According to their [earnings call]( the flightless birdâs revenue declined about 8% over this time last year -- which is better than the -14% [Wall Street predicted](.
They also added 9m users last quarter (their best since early 2015) for a total of 328m monthly active users.
Meanwhile, at the adult table...
Instagram also announced they just hit 700m monthly active users, twice as many as they had just 2 years ago (and twice as many as Twitter has now).
Crazy part is, their growth is actually accelerating -- their last 100m took just 4 months to hit, faster than the 6 months it took for the previous hundo.Â
That means theyâre on pace to be Facebookâs [4th billion-user platform]( by late 2017, which is when Zuck says products start to get interesting as businesses. 900m? Yawn.
And, in the wake of Instagram stories, they reported over 200m daily actives this month, [surpassing Snapchatâs 161m](.
[Playing chess instead of checkers](
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About.com is shutting down and no one caresÂ
Donât believe us? Ask Neil Vogel, the CEO, who said -- and we quote -- âWho thinks of About.com? [Nobody](
On that note, heâll be shutting down the IAC-owned site as of May 2nd.
Hmm About.com, sounds familiarâ¦
Probably because you Googled something and one of their 3.5m informational blog posts popped up in the top search results.Â
The $100m information site got its start back in the late â90s, when people still entered searched queries with question marks. But, they havenât done much to revamp their site since then.Â
In fact, they spent so long focusing on gaming search rankings, they forgot to create quality content for actual people.
Which Google hates. So, give or take a few algorithm updates and the rise of Wikipedia, itâs no wonder why the site was [bought for]( $690m in 2000, $410m in 2005, $300m in 2012, and now theyâre pulling the plug.
Time for an âAboutâ face
Vogel plans to break About up into a number of dedicated verticals while taking a large risk on whether they can keep their existing search-based traffic.
But, even if they canât, Vogel doesnât seem to care. As he says, â[heâs] not going to be the guy who ruined About.com⦠It's already ruined.â
[All uphill from here, Neil](
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things you should...
WATCH: The insane artist behind the original Alien, 6 minutes
Surreal, mechanical, sexual, and macabre. The only time those words will ever be used together is to describe that awesomely terrifying art of H.R Giger, the inspiration behind the monster in Alien.
[IT WAS A GOOD CALL RIPLEY â](
DREAM ABOUT: Steve McQueenâs electric supercar, $1.1m
Hands down own of the coolest street-legal cars to ever rock pavement. Made famous in McQueenâs âLe Mansâ, the Porsche 910 is a classic super car, now turned electric beast by 3 crazy Austrian brothers.
[SERIOUS HUSTLE GOALS â](
WITNESS: A hidden underground city of 1 million people, 2 min
50 feet underground, and guarded from foreign entrance, lies one of Bejingâs most obscure communities. Surviving in repurposed nuclear bunkers, citizens who canât afford rent aboveground, set up in the concrete tunnels below.
[WE THOUGHT SF WAS BAD â](
USE: Bamboo smartpads, starting at $129
You didnât hear? Keeping track of your notes and doodles is totally in right now â and is extra easy thanks to Bamboo smartpads. Send your handwritten ideas to the cloud with the click of a button and organize, edit, or share at your leisure.
[START WINNING YOUR MEETINGS â](
COOK: Spicy Korean Chicken Wings from Blue Apron, $8.74/meal
Blue Apronâs all-in-one boxes come with everything you need to make sweet and spicy wings that blow BW3âs out of the water. Save your takeout money, and stop dragging your date to wing Wednesdays.
[BLUE APRON, A REAL WINGMAN â](
This edition of The Hustle was brought to you by
Andy Richter has a pointâ¦
"You made a shorter shirt, calm down."
Thatâs what Conanâs couch buddy [tweeted]( to UNTUCKit about their âdesigned to be untuckedâ line of shirts. And well, heâs not wrong.
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So, if you want a baller shirt you can truly wear anywhere, check out [UNTUCKit]( and save 20% using the code: â[UNTUCKitHustle](.
P.S. We love Andy, and he [loved]( his UNTUCKit shirt.
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