Plus: A deeper look at lab diamonds, play our daily trivia game, meet the world’s newest jellyfish, and more.

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The Hustle

As an auction house in England was preparing to sell a 19th-century cabinet, staff found a 285-year-old lemon in the back of a drawer. Because this world is weird as hell, the nasty, unusable lemon sold for ~$1.8k; the very functional cabinet only fetched $40.

In today’s email:

  • Seth Rogen: The cannabis entrepreneur turns to coffee.
  • Lab diamonds: What’s the catch with synthetic gems?
  • Why, though?: How a well-liked candy failed.
  • Around the web: A new jellyfish, the IMDb of guitar pedals, and more.

👇 Listen: Our series on failed products heads to the candy aisle.

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The Big Idea
Seth Rogen in a floral sweater drinking a hot mug of coffee in a kitchen.

Coffee and weed — sure, why not?

Seth Rogen’s Houseplant partnered with Cometeer because, well, coffee and cannabis go together.
2024-02-13T00:00:00Z
Juliet Bennett Rylah

Wake and bake typically implies getting really high first thing in the morning, but a partnership between two startups suggests a pairing of cannabis with another plant: coffee.

Seth Rogen — actor, producer, ceramics enthusiast — founded Houseplant in 2019 with Michael Mohr and screenwriter Evan Goldberg. The lifestyle brand offers cannabis and home goods, including ashtrays, vases, sake cups, and candles.

Houseplant’s latest venture is a collaboration with flash-frozen coffee startup Cometeer on two roasts: an Ethiopian medium roast called “Been There Done That,” and a Mexican dark roast called “Get Roasted.”

Not a bad move…

… for Cometeer, which hit several snags, including slowed subscription growth, in recent years. The partnership could open up a new market for the startup.

Rogen told The Hustle that the Houseplant team had enjoyed Cometeer as customers, and that when thinking of new ventures, their thoughts turned to coffee.

“Every morning, [my wife and I] make coffee and sit and smoke a joint together,” Rogen said. “It really allows you to be very stoned, yet very alert, which is a fantastic combination.”

A casual glance…

… at Houseplant’s products reveals a curated aesthetic that’s less ‘90s-era bong rips, more functional art.

Rogen said that earlier in his career, he was tasked with selling projects he didn’t believe in.

“I feel like I was misrepresenting my own taste and my own creative aspirations, which is not fun. And so in my movies, I started to just basically never do anything that I didn’t love,” he said. “It’s exactly the same thing with Houseplant — as long as we’re making stuff we love, selling [it] is actually fun and easy.”

This kind of higher-end branding — often targeting cannabis connoisseurs who wouldn’t identify with pop-culture stoner stereotypes — has become more common as legalization has pushed the plant from a taboo to something people can openly consume, even with their morning coffee.

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Free Resource

How to drive organic growth on socials

Littering the web we know and love are the thousands — nay, millions — of businesses with subpar social media branding.

Don’t be one of the scrubs. Tory explains how to form a strategy from scratch and start cracking the code for yourself in this 10-minute YouTube video.

Concepts covered in the video:

  • Set SMART goals
  • Hone in on your prospects
  • Research your competitors
  • Pick the right platforms
  • Create and curate content
  • Partner with influencers

Follow along using the free strategy template linked in the description.

Grow on socials →
TRENDING
eyeball wearing a hat

Nothing says romance like a high credit score. Or at least, that’s the premise for Score, a new dating app from financial company Neon Money Club for people with credit scores above 675. The app, which will only be live for ~90 days, runs a soft credit check before letting you match with other financially responsible singles.

SNIPPETS

Two major oil producers in Texas — Diamondback Energy and Endeavor Energy Resources — are merging in a $26B deal, the latest of several energy company consolidations.

General Motors’ new Chevy Equinox EV is just about ready and will start at ~$35k with 319 miles of range. The car will be eligible for the $7.5k federal EV tax credit, available to qualifying customers.

Bob Moore, who founded grains company Bob’s Red Mill, passed away. Since its founding in 1978, the company has expanded sales to 70+ countries and grown to ~700 employees while being 100% employee-owned.

Claire’s, a staple of the early 2000s mall, is keeping with the times. The brand announced a new influencer platform for “Gen Zalpha” with a group of young brand ambassadors.

Ben Affleck is finally getting his name on the Dunkin’ menu after starring in the chain’s Super Bowl commercial. The “DunKings” menu will feature Affleck’s coffee of choice alongside Munchkin skewers.

This year in sales is ruled by tightening budgets, adapting AI, and reaching more self-informed buyers. Read our industry report to explore the top sales trends of the year.

Don't miss this...

We’re living in the era of “seller beware,” where identifying bad-fit prospects is mission-critical. See this 21-point checklist to pin down the buyers most likely to churn.

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YouTube video

Lab diamonds: Are they the real deal?

Why do we value diamonds? Is it their appearance, the scarcity, or simply their cost? Or is it because that gremlin Kayla from high school once showed off a gigantic rock on Instagram and now our entire life’s worth hinges on one-upping her?

Those are all questions we try to answer in the latest episode of our series “What’s the Catch?” — except for that last one. That one’s gotta be our own personal journey. (Happy for you, Kayla.)

The latest episode of our shimmering YouTube series “What’s the Catch?” delves into the world of lab diamonds. Though they are chemically identical to natural diamonds, they’re often seen as inferior products. Is that actually the case?

Come dissect the perceptions versus the realities of lab diamonds with us.

Besides, if you’re not buying your loved one a diamond for Valentine’s Day, the least you can do is entertain them with a well-informed treatise on the future of the diamond industry.

What’s the Catch? →
Fit The Bill

There are thousands of companies valued at $1B+. How many clues do you need to identify today’s billion-dollar brand?

Clue 1: There’s a slim chance you haven’t heard of this company, which operates the world’s 6th-largest mobile network and serves 373m+ subscribers.

Clue 2: Its headquarters share a complex with its founder’s art collection, housed in a popular museum boasting 66k+ works, including the most extensive collection of Auguste Rodin sculptures outside of Europe.

Clue 3: Though its ~70% market share in its native Mexico has brought it under antitrust scrutiny, it’s actually not this company’s top customer base: Brazil narrowly edges them out.

👇 Scroll to the bottom for the answer 👇

Why, Though?
A partially unrolled tube of Live Savers against a black-and-white swirl background.

Why, though? Life Savers Holes were great, but the packaging was not

Life Savers decided to sell the byproduct of its candy — the holes — separately, but was sunk by the packaging.
2024-02-13T00:00:00Z
Juliet Bennett Rylah

Donut holes? Great. Life Savers Holes? Also great, by all accounts.

So what went wrong? Teenagers, that’s what.

Life Savers…

… were invented in 1912 by chocolatier Clarence Crane, who needed something less melty to boost slumping summer sales.

He began using a pill manufacturing machine to make mints. Because it punched a hole in the middle that made the discs look like life preservers, he called them “Life Savers.”

Today, Life Savers is owned by Mars, which acquired it along with Wrigley in 2008.

OK, so what about the holes?

Holes came out in 1990 when RJR Nabisco owned the brand. The concept felt a no-brainer — selling a byproduct of the candy already being made.

Pixar made the candy’s adorable commercials, and the candy was popular. One nostalgic fan even recalls their unique and pleasant mouthfeel.

Unfortunately…

… there were four instances involving toddlers and teenagers who’d bitten off the tube’s plastic flip-top cap (about the size of a dime) and swallowed or gagged on it. None were injured, but RJR Nabisco recalled Holes in January 1991 to revamp its packaging.

By August 1991, Holes were back with a tangerine flavor.

One article praised Holes as a great choice for “calorie-conscious” consumers, with reporter Carolyn Wyman writing: “I think kids who are so stupid as to mistake a piece of plastic packaging for candy should go back to eating baby food — and not cause a reduction of choices in the candy aisle for the rest of us.”

Wow, Carolyn. Harsh.

But what sucks even more for Carolyn is that after all that work, Holes never regained its original popularity, disappearing from shelves forever and leaving a hole in our hearts.

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AROUND THE WEB

🎵 On this day: In 1914, the American Society of Composers, Authors, and Publishers (ASCAP) was founded.

🪼 That’s interesting: New jellyfish dropped.

🗞️ Newsletter: Join 500k+ readers who rely on Quartz Daily Brief for the latest in global business.

🎸 That’s cool: This extensive database of guitar pedals and their effects.

🦎 Aww: A very messy customer.

HOT TAKES

Yesterday, we asked you what kind of billionaire you’d be if you became one overnight.

Here’s how you answered:

  • 74% said they’d be a philanthropic live-in-the-shadows billionaire.
  • 16% voted for the private island billionaire.
  • 6% would be a billionaire who builds a bunker.
  • 2% are the type of billionaires who build concept cities in the desert.
  • 1.5% are space race billionaires.
  • And 1% would acquire a social media company with their billions.

For a crowd who reads a business/tech newsletter, you’re all a bunch of bleeding hearts.

And you know who deserves to hit the jackpot? The reader who came up with this perfect plan:

“Can I be both a private island billionaire and a philanthropic hide-in-the-shadows one? I want to help people — just not be near them. Where better to hide than on a private island (or five)?.”

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Today’s Fit the Bill answer is America Movil, SAB de CV (Market cap: $54.01B)

Today's email was brought to you by Juliet Bennett Rylah and Sara Friedman.
Editing by: Ben “Wake and bake scones” Berkley.

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