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(Writix)
The Hustle, an Austin-based media company focused on business growth, has been acquired by software company HubSpot.
Starting out as a simple email newsletter in 2016, The Hustle, has grown to reach over 1.5 million readers and has incorporated a podcast, "My First Million" and a premium research platform, Trends, in order to give entrepreneurs insight and practices to help grow their businesses.
HubSpot The Hustle 🤝 High-quality content for scaling companies— HubSpot (@HubSpot) 1612451668.0
The media company is being acquired for an undisclosed amount. Sam Parr, CEO and founder of The Hustle, said in a Twitter thread that he would be taking that number "to the grave."
In the acquisition by HubSpot, a customer relationship management platform for growing companies, The Hustle aims to give the company more ways to educate its community through more diverse media.
In a statement on The Hustle's latest newsletter, the media company said the acquisition will also allow them to produce more material, including podcasts, products and other original content while maintaining the free daily email subscription they were founded on.
According to Parr, this is not the first time a larger company has attempted an acquisition. He said most ad-first media companies are going out of business, and he didn't want to join forces with anyone who used that model.
HubSpot is a business-to-business software service company—one of the only kind of business models Parr wanted to be bought by.
What really sold Parr on the purchase though, was when, according to him, HubSpot's CEO, Brian Halligan said, "We want to keep you guys weird, keep your content cool—but put more resources behind it."
In terms of how Parr plans on celebrating the acquisition? He has one thing in mind for his wife: THE outfit.
THE OUTFIT— Sam Parr ⚪️ (@Sam Parr ⚪️) 1612395844.0
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Popular
Giga Texas grabbed attention during Tesla's Q4 earnings call. The Austin factory is seen as pivotal to the company's growth going forward. (Tesla)
Phase 1 of Giga Texas appears to be tied up as production of the Model Y Tesla is underway, the electric car company revealed on Wednesday in its fourth-quarter earnings call. The factory, located on the former Harold Green-turned Tesla Road, sits on more than 2,000 acres of land in southeast Travis County.
Here's a glimpse inside the factory.
(Tesla)
Model Ys will be the first Teslas to come out of Giga Texas with an estimated delivery of August. The wait estimate comes after Tesla noted supply chain issues have affected their factories, which have been running below capacity for several quarters. A deep blue metallic like this goes for $1,000 more than a white or silver Model Y, totaling $61,990.
Model Ys began being produced at Giga Texas at the end of 2020. In general assembly at the factory, the Teslas get their major interior components to finish the vehicle.
(Tesla)
Workers at Austin's Gigafactory are attaching seats to a structural battery pack. It's been described by some as the biggest difference between Texas-made Model Y's and the current version at the Fremont, California factory. It shouldn't have a major impact on the owner's experience, but Tesla has updated instructions for the jacking procedure, as the lift points are different.
With a sleek, open office setup, workers can take in a view of the factory from their seats. It's a component CEO Elon Musk wanted for what is now the headquarters of Tesla.
With Snapchat's maps, anyone can look at everyday activity happening at the factory. To view these geographically-linked stories, click the bottom left "map" icon and search "Tesla Giga Texas." Once you've found it, you can view the Snapchat story of those in and around the facility. While most stories stay up for only 24 hours, Giga Texas is a designated place on Snapchat, allowing users to view a collection of photos and videos from the inside.
Following Model Ys, Texas-made Teslas will include the Cybertruck, Semi and Model 3. But it might be a while before those other models arrive. EV makers have been hit hard by the chip shortage, and it's thought that changing features are contributing to Cybertruck delays as Tesla works to compete in the electric pickup market.
Joe Rogan paid a visit to buddy Elon Musk this week. The two have been seen around town since both moving to Texas. Naturally, Rogan was impressed with the prototype.
If you're dying to get a closer look at this factory, you just might get to. In December, Musk said the factory would have tours available to the community early this year.
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