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- Weekly Compass #1
Weekly Compass #1
Akram Hamam
June 13, 2024
Hi,
Welcome to the first official issue of The Weekly Compass! I’m very excited to have you on board. As promised, you’ll receive a well-curated mix of insights and updates about entrepreneurship, crypto, investing, social impact, key events I like, attend, have attended, OR will organize, and book recommendations every week. Let's dive into this week’s content!
Entrepreneurship: Building Resilience & Networking
In entrepreneurship, resilience is key to overcoming challenges. Here are a few tips to build and maintain resilience:
Embrace Failure: Learn from your mistakes and use them as stepping stones.
Stay Flexible: Be open to change and ready to pivot when necessary.
Support Network: Surround yourself with supportive people who can provide advice and encouragement.
Networking and Connecting Your Network:
One of the most powerful tools in building resilience is having a strong network. Not only is it crucial to build your network, but it's also beneficial to connect people within your network with each other. Here’s how you can effectively do this:
Identify Synergies: Look for ways in which your contacts can benefit from knowing each other. This could be through business opportunities, collaborations, or simply shared interests.
Make Introductions: Take the initiative to introduce people who you think would benefit from knowing each other. A simple introduction email can go a long way.
Crypto Corner: DeFi's Next Big Thing
I’ve been looking at Decentralized Finance (DeFi) for a while now and will continue to invest in more of these projects. It continues to revolutionize the financial sector. The latest trend to watch:
- Yield Farming: A method to earn passive income through providing liquidity to DeFi platforms.
- Security Measures: There’s a reason why there’s a saying Safety First! Always use two-factor authentication and store your assets in secure wallets, I hear often that people get hacked or lose their accounts.
Investing Insights: Klarna's Upcoming IPO
Exciting news in the investing world! Klarna, the Swedish fintech giant, has struck a deal with Uber ahead of its anticipated IPO. This move is expected to boost Klarna's valuation and market presence.
- Key Takeaways: Klarna’s partnership with Uber positions it strongly for its IPO, making it a stock to watch.
- Investment Opportunity: Understanding the implications of such partnerships can help you make informed investment decisions.
Read more about Klarna’s IPO and its implications here.
With my company 30D Capital, you can join this IPO. Reply to this email or reach out to me if you want more info on how to invest in Klarna’s IPO.
For more info about 30D Capital check out 30dcapital.com
Social Impact: The Nile Cleanup Foundation!
I’m beyond excited to announce the launch of the Nile Cleanup Foundation!
Most people don’t know I’ve been working on this for the last year and a half but our mission is to clean up the Nile River, making a positive impact on the environment and the communities that rely on it.
We’ve completed the playbook and are now building our dedicated team to drive this initiative forward.
Visit our website at thenilecleanup.org to learn more and find out how you can get involved.
I will send weekly updates about this here too.
Event Highlights:
This week I’m hosting a small gathering in Amsterdam on Friday at 6 pm at Soho House, where mostly crypto and e-commerce people will attend. If you want to join or know someone who wants to join let me know on Instagram or reply to this email.
Book of the week: "The Lean Startup" by Eric Ries
This week, we’re diving into "The Lean Startup" by Eric Ries. It’s a must-read for anyone looking to build and scale a startup using lean principles. I have recently opened this book again due to all the different projects I’m working on and I realized, to go back to the basics, go lean
- Why Read It: Learn how to innovate continuously and turn ideas into successful businesses.
I hope you find this first issue of The Weekly Compass insightful and inspiring. Your feedback is invaluable, so feel free to reply with your thoughts or any topics you’d like to see covered in future issues.
Stay awesome and see you next week!
Best regards,
Akram Hamam