In other news, the newsletter covers topics in markets, tech, and business. Inflation continues to be a problem for the US economy, with the consumer price index higher than expected. Former Amazon Robotics chief Brad Porter raised $100 million for his startup, Collaborative Robotics. Millennials, unable to afford homeownership, are renovating their rentals instead. The newsletter also mentions that workplaces are becoming more interesting, with startups seeking out unusual locations and big-name companies investing in luxury offices.
Key takeaways:
- The Augusta National Golf Course is one of the most exclusive clubs in the world, with a membership of roughly 300 that doesn't accept applications and can't be bought. The Masters Tournament, a major golf event, is a staple of the billionaire's social calendar.
- Former Amazon Robotics chief, Brad Porter, raised $100 million for his startup, Collaborative Robotics, which makes robots that can move boxes in warehouses and factories. The startup has hit a valuation of more than $500 million.
- Millennials, unable to buy homes due to high prices, are renovating their rentals instead, even at the risk of losing their security deposits.
- Startups and big-name companies like Google and JPMorgan are investing in luxury offices and unusual locations, making workplaces more interesting for employees.