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Today’s Edition

☑️ Project Management Scope Tool to Keep Projects on Track
📉 Peter Thiel’s Investment Fund Offloads Nvidia Stock
💵 Rich Dad, Poor Dad Author Owes Bank $1-2 Billion
🦉 Duolingo Owl for Everyday tasks

💡 Today’s Minimum Viable Idea

☑️ Project Management Scope Tool to Keep Projects on Track

IDEA: Client projects can be the most frustrating part of any job. You meet with the client, list out all stories, iron out all the details, decide on scope, and agree on payment and timeframe. Then, almost instantly, the client comes back with additional features they must have. It’ll start small at first, just a tweak or rewording an action item, but then it grows into full extra modules that are going to cause you to lose money and put the project behind. It is a project manager’s worst nightmare to have a client that constantly tries to bend the rules of the project scope as much as they can before it breaks. It usually leads to an awkward conversation and confused clients. What if you didn’t have to be the bearer of bad news? What if you project management system could make the determination for you.

PRODUCT: Create a collaborative Business to Business project management platform. At the beginning of the project, put every last detail of the project scope and every agreement into the project file. Use the platform for updates, communication, payment, status, and most importantly: change orders. Allow clients to suggest new features, but when they are submitted, it tells them how egregious the request is in reference to the scope. It then notifies them how far the task would put the project behind and how much more it will cost.

I bet things become a lot less urgent.

MVP: B2B project management platform that list tasks for both companies to see and warns clients when requests are out of scope.

REVENUE MODEL: Subscription model, clients pay monthly fee for implementation and ongoing support.

EXIT STRATEGY: Sell to a large project management service like Jira for 4-6x revenue.

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🚨 Startup News, Trends, and Resources 🗞️

Publication: Reuters

Summary: Peter Thiel’s hedge fund, Thiel Macro, sold its entire stake in Nvidia Corporation during the third quarter, offloading about 537,742 shares, worth roughly $100 million as of Sept. 30. This move, alongside similar actions by SoftBank Group Corp, has stoked market concerns that the AI-driven tech surge may be peaking. The filing also shows Thiel Macro retains positions in Apple Inc., Microsoft Corporation and a reduced stake in Tesla, Inc..

Spin: I am not sure what other evidence you needed, but we are in an AI bubble, plain and simple. Remember: Thiel owns an AI company. I would say it is pretty damning for a pioneer of artificial intelligence to be dumping stock in an AI chip maker. Not to say he doesn’t believe in Nvidia, but he has to think it’s overvalued.

Publication: Yahoo! Finance

Summary: Kiyosaki says he’s carrying about $1 billion to $2 billion in debt, but he’s not worried, because he believes the debt is ultimately the bank’s problem. He uses this bold statement to illustrate his broader financial philosophy: that traditional “safe” assets and conventional savings are risky in today’s economy, and that leveraging debt strategically (“good debt”) and owning real assets can be smarter moves.

Spin: “It’s the bank’s problem.” What a power move. You can see below a brief synopsis of the main idea of Rich Dad, Poor Dad, but using your money to gain assets is great, but he never says anything about using other people’s money. Maybe time for a sequel?

🚂 Motivation Station

🧱 Ready to run through a brick wall or do you need an extra push?

Today’s motivation comes from the famous book, Rich Dad, Poor Dad by Robert Kiyosaka. Don’t know why, it just felt appropriate. Like the title suggests, the book contrasts two different fathers in the author’s life: his own (poor) and his friend’s (rich). The main argument is that poor and middle class families tend to purchase liabilities and thus never make and more money than the paycheck they receive. Meanwhile, rich people will purchase assets like real estate and make their money work for them.

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🔥 HighDEA

🦉 Duolingo Owl Notifications for Everyday tasks

IDEA: Between work, writing this newsletter, and parenting, things around the house can sometimes get lost in the shuffle. I know I need to take out the trash, but we all know that more pressing things like Instagram can take priority. What if there was a Duoling Owl style threat that reminds you to do things around the house just like it vaguely threatens you to start your Swahili lesson?

📣 We Want to Hear from You! 📢

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