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Top 5 Cities To Move To For Millennials On A Budget

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At some point in our lives, we’ve envisioned living comfortably in LA, NY, or other big cities in the US. It’s all thanks to what we view in movies or TV shows. Sadly, due to rising costs and unforeseen economic circumstances, we may no longer attain our dreams to become a big shot in a big city.

However, hope’s not all lost for millennials. There are still areas in the US where you can make a decent living without breaking the bank. In this article, we discuss the top 5 best cities for millennials to live while on a budget.

1. Raleigh, NC

Average cost of living:

  • Food: $388.12
  • Rent: $1,214.35
  • Utilities: $127.21
  • Internet: $55.79

Raleigh has become one of the best cities for Millennials because of the growing number of tech companies setting up camp in the city. Sure, there’s Silicon Valley and Seattle, but East Coast millennials won’t have to travel far to achieve their dreams of working with a tech company.

If you plan on working in the Research Triangle Park, you won’t have problems with the commute. Bus fares are cheap, and some buses have Wifi installed.

It’s not all work in Raleigh, though. Raleigh residents will have a lot to explore in their city because of their museums, parks, and attraction. Among the cities in the list, Raleigh hosts music shows almost every day in different venues. Music lovers will enjoy their time living here to discover various artists.

Besides that, Raleigh has a booming nightlife thanks to its bars. You’ve got choices between hidden or underground bars, so that you can visit a different one after work or on the weekends.

2. Columbus, OH

Average cost of living:

  • Food: $302.97
  • Rent: $1060.74
  • Utilities: $170.83
  • Internet: $57.40

Just like Raleigh, Columbus, Ohio, also has a thriving tech hub. In connection to that, Columbus is making developments in becoming a Smart City. Since their win in the 2015 Smart City Challenge, they’re making commitments to transform the city through technology. Who knows, when you move there, you might get to see a glimpse of the future.

As for the commute, you might have to take the bus or bike around the city. You can even ride an open-air golf car for free in Downtown Columbus.

People have also started to take an interest in Columbus because of its culture and breweries. One of their most popular attractions is the German Village. So, if you’re craving German food or want to learn more about German culture, that’s the place you want to be.

As for the breweries, Columbus has the famous Brewery District, where you can try out their most popular brews. Plus, it’s right beside the German Village, so you have more booze choices.

Also, Columbus is dubbed as America’s test market. People in Columbus get the first taste of the hamburgers and wear the newest designs. So, if you want to become a trendsetter, pack your bags to Columbus and take snaps for the ‘gram!

3. Grand Rapids, MI

Average cost of living:

The Right Place finds the city is the number two destination for millennials to live. Aside from its affordability, its overall atmosphere is what attracts people to visit and live there.

If you plan to or want to work for the healthcare or manufacturing industry, you can thrive in the Grand Rapids, since those have prospered in the city. However, you’ll still find work for any industry since there’s a high demand for employees there. According to Area Vibes, there’s a 6% unemployment rate in the city, so you still have a high chance of getting employed anywhere. That’s why it’s one of the best cities for Millennials.

Cycling is a much more affordable alternative to driving a car in Grand Rapids. You can take a bus, though, but the stations are limited.

Grand Rapids is almost an hour’s drive to the beaches in the state if you want to live in an affordable city and go to a beach. However, much as you would like to go to the beach in your swimwear, you might have to prepare winter jackets because the weather is unpredictable. You can still enjoy some activities like visiting breweries and cafes to warm you during winter or become your hangout place with friends.

4. Austin, TX

Average cost of living:

  • Food: $320.04
  • Rent: $1,660.45
  • Utilities: $154.52
  • Internet: $59.83

As compared to other cities on the list, Austin may have a higher cost of living. Still, Austin appeals to millennials because of their booming economy and sustainability measures.

In terms of commute, you may face challenges with traffic. You may use the bus instead or ride a bike to divert from the traffic.

If you’re saving up for something, but want to skip out on doing something extravagant, there are free events like live performances and music fests.

The one thing any Austin resident shouldn’t miss out is to try food trucks in the park too. It’s something you can splurge on once in a while. Plus, Austin is the home to the South by Southwest (SXSW) festival happening every March. Here, you can discover new artists or catch their faves. These should serve as a reason why Austin is one of the best cities for Millennials to move to and build up their career.

5. Boise, ID

Average cost of living:

Boise has emerged as one of the leading cities to live in because of its affordability. Even California and Washington millennials move to the city for a lower cost of living. One thing that may stop you from relocating is limited public transportation.

However, Boise is also making developments in becoming a greener city like bike rentals and geothermal energy. So, this is perfect for the environmentally conscious millennials. That’s why it’s beginning to set itself up as one of the best cities for millennials.

In terms of work prospects in Boise, you can work for any industry, but you can consider becoming an entrepreneur. It’s gaining attention as one of the fastest-growing cities to launch a startup.

Residents of Boise rave about the Boise River Greenbelt, where one can enjoy biking and scenic views. If you’re an outdoorsy person, you’ll enjoy hiking and skiing as well. If you’re into art and theater, you’re in luck because you can visit museums during the weekend and watch a production by the Boise theater companies.

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Kuda Raises $55 Million Series B Funding Quicker Than Most Startups

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One of the most promising industries to launch a startup is in the digital banking or fintech sector. Untapped markets can become a goldmine for startups that aim to disrupt the banking infrastructure. And that’s what Kuda has experienced over the past couple of months. Read more about Kuda here and how they were able to raise millions for their Series B funding.

Kuda: An Overview

What sparked Babs Ogundeyi and Musty Mustapha to start Kuda? Excessive and inconsistent fees. Fueled to reduce that, they launched the fintech company to develop a savings app. Wanting to make banking easier and more accessible without any charges, the founders aim to change banking for Nigerians all over the world.

Series B Funding and Possible Kuda Expansion

Kuda raised $55M funding for Series B. For Kuda, this funding will be fundamental not only in the creation of new services on their savings app but also in launching it to Africans across the continent. Ogundeyi hopes that their app can become a widely used app for Africans globally. 

Expansion is vital for Ogundeyi and his team. He maintains that Nigeria is still a market crucial to their operations, but the funding will also go to expanding efforts.

Back in March 2021, Kuda raised $25M, all thanks to Valar Ventures. Back then, they had only 650K app users, but they doubled that number in August 2021, with registered users around 1.4 million.

This funding round is once again led by Valar Ventures. But Target Global and SBI have also played a role in helping the fintech startup raise $55 million. Target Global leader Ricardo Schäfer believes in the impact that Ogundeyi and Mustapha will have in Africa. But what excited him the most was the idea that 1 billion users would benefit from their app.

Faster Funding Rounds and Other Disruptors

It was surprising how quickly Kuda raised funding over the course of a few months, but it’s due to the current market conditions and the numbers presented to investors. A McKinsey report foresaw this growth, wherein digital financial services would become a major market. Plus, with inaccessibility, Kuda knew that they could change the way Africa could do digital banking.

Kuda isn’t the only fintech startup aiming to change the banking infrastructure in Africa. Other Fintechs changing the game are:

  • Airtel Africa
  • Chipper Cash
  • FairMoney

Meanwhile, here are the other fintech and banking companies also competing to stand out in the market:

  • Revolut and N26 (Europe)
  • WeBank (China)
  • Varo and Chime (U.S.)
  • Nubank (Brazil)

However, what makes Kuda stand out from the others is they have a banking license. With this in mind, they can develop services on their own. This will also help them create and develop other products and services and build credibility more than their competitors.

The Future of Kuda

Ogudenyi aims to launch their app to other African countries but won’t say where they’ll launch it. However, Kuda has an ongoing credit service (through an overdraft allowance) that proves the fintech startup is growing and moving forward.

He says that they do a pre-qualification screening for those who can receive credit. In the 2nd quarter of 2021, over 200,000 users were eligible. They gave over $200M in credit. And to ensure they remain with their purpose of creating their app, they do an allocation of overdraft proportion. It’s based on user activities, and they won’t overpay.

Due to Kuda’s promising mission towards banking in Africa, Valar Ventures seems eager to fund the fintech startup once more in the future. Andrew McCormack, a general partner of the investment firm, says that growth and population acceptance towards digital banking are factors in continuing their support.

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Sam Adams Is Brewing Space Beer

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SpaceX’s Inspiration4 mission was a raving success with the safety of the amateur astronauts confirmed when they touched down this past weekend. The first all-civilian space flight was historic in and of itself, but they did more than just visit. The four civilians also performed scientific experiments, made art, and brought up to 66 pounds of hops. Sam Adams is going to brew that into our very first “space beer.” 

That’s right, space beer. While we’re probably a way off from a space brewery, we’re definitely heading there with hops having visited space. If you’re wondering what they did with the hops in space, you’re not alone.

Far as we can tell, these hops simply made a trip farther into the heavens than any other hops before them. One might imagine a brewer saying, “one small hop for man, one giant hop for mankind.” 

No? Too lame? Anyway…

Booze. In. Spaaace. 

Sam Adams has been in the news lately with their Utopias beer being so strong it’s illegal in 15 states. While we don’t know the strength of this future “space beer” just yet, one University of Colorado research project suggests that beer brewed in space is higher in alcohol than those brewed on Earth. 

This is not the first alcoholic experiment in the heavens. In 1994, Coors participated in a test fermentation in space. In 2006, Sapporo produced a $110 six-pack using barley seeds that made a trip to space. In 2019, Anheuser-Busch sent several barley samples to the International Space Station to determine the effects of microgravity on barley seeds. Also in 2019, 12 bottles of Bordeaux were sent into space, giving them a value of $1 million per bottle. 

Turns out, if we travel somewhere, we want to know if we can get drunk. Take a look at Everest. If we trek, we drink. 

It’s just human nature. 

Space Beer… For the Children

In order to secure the rights to these space hops, Sam Adams made a donation of $100,000 to St. Jude’s Children’s Research Hospital as part of the overall theme to Inspiration4’s mission. Isaacman, the mission leader of Inspiration4, is aiming to raise $200 million for St. Jude’s. Elon Musk has personally pledged $50 million to the hospital. 

By tossing some money to a good cause, Sam Adams is able to secure the rights to brew the first space beer from the world’s first all-civilian space flight. If the motivation to brew space beer is “for the children,” then we’re all about it. 

When Can We Drink This Space Beer?

Sam Adams’ future space beer has yet to be named. All we know now is that it will be a traditional West Coast IPA and will be on sale later this fall. Sam Adams has stated that it is excited to brew with the out-of-this-world hops. 

And why shouldn’t they be? Anything with a “genuine” space label should be exciting to produce. While they’re not the first brewery to experiment with space booze, Sam Adams is the latest and therefore the hottest. With our attention spans lately, it pays to be a trending topic. 

Sam Adams isn’t the only thing to come from SpaceX’s Inspiration4 mission. We have a lot to learn from this historic flight. While Sam Adams may be the most fun, there is plenty to look forward to in terms of scientific development. 

What is it that Sam Adams said? 

“If ye love wealth better than liberty, the tranquility of servitude than the animating contest of freedom – go from us in peace.”

No, not that. The other thing. 

“This is Boston. Drink Accordingly.” 

No, that’s their current slogan. 

“America’s World Class Beer.” 

Nevermind. Call me when Sam Adams Space Beer is available.

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Scott Tong Shares Invaluable Product Design Insights and Culture for Startups

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Many startups are launching their businesses left and right, but some may not have a design plan in mind. This, in turn, could lead to challenges ahead for startups looking to stand out from the crowd. And it’s best that startups learn to value design and development. One such expert in the field is designer Scott Tong. He worked as the head designer for Pinterest and was the co-founder of IFTTT. Currently, he’s an advisor for Designer Fund. Here, we take a look at the advice he has shared for startups.

Scott Tong: Early Stage 2021 Tidbits

TechCrunch held their TC: Early Stage 2021: Marketing and Fundraising Bootcamp for early-stage startup founders from July 8 to 9, 2021. One of their guest speakers was Scott Tong. 

He spoke with Jordan Crook from TechCrunch to discuss early-stage design and its long-term impact on the startup. Plus, he even reveals how to find the right people for product design work. He disclosed two important points on what entrepreneurs should think about when it comes to design: reputation and existing vs. preferred.

For Tong, he considers a brand as the reputation of a company. Here, he examines the following ideas:

  • First impression
  • Repeated long-term behaviors
  • Unique and memorable moments

And the other point he brought up in Early Stage 2021 is “existing vs. preferred.” This means scrutinizing design and understanding how it matters in your company.

User: The Driving Force of a Product

Scott Tong is no stranger to TechCrunch. In his article for Techcrunch around four years ago, he emphasizes that when developing or creating a product, the one thing that matters is the user. He urges startups to ask the question, “what is right for the user?” than “who is right.”

In the article, he branched out three concepts that have value when it comes to developing a product. And finding the best people to understand your users.

The first of his points is about understanding and driving T-shaped people. It’s when you have someone well-versed in their field while collaborating with another person from another field. The best ones are curious, empathetic, and humble.

His second point deals with T-shaped people and user-centered thinking coming together. Your T-shaped people should always have the question of how to solve problems for users. And these T-shaped people will know that they can’t satisfy all of your user’s needs but identify the best solutions for your users.

Lastly, your startup should always know how to craft high-quality decisions. But what counts as one? He lists down what makes a decision, high-quality:

  • User-centric
  • Timely
  • Calculated
  • Communicated
  • Humble
  • Shared
  • Monitored
  • Considered
  • Balanced

Other Speaking Engagements

Early Stage 2021 wasn’t the only time Scott Tong shared his design insights and experiences as a founder. The Designer Fund advisor was a guest in the Startup Grind. In this event, he talked about being a designer for IDEO and Pinterest. At the same time, as a founder, he also touches on the subject of culture. 

He gives his advice for entrepreneurs who have lost their sense of purpose. He says to get in touch with values. Plus, he’s aware that disagreements are ever-present in any business setting. And to reduce friction, trust is key, and understand your team.

One other podcast tapped the ex-Pinterest Head of Design to discuss Design Entrepreneurialism. In this podcast, he talks more about his journey as a designer and working in the new venture: IMO Ventures. 

And the one thing he emphasizes about design is culture, which he also wrote in his TechCrunch article. Here, he says that design is connected to messages, wherein it means one thing to the designer and another to its viewer. That’s one way startups may look when considering product design.

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