An explainer on what is going on with Silicon Valley Bank:
- In 2021 SVB saw a mass influx in deposits, which jumped from $61.76bn at the end of 2019 to $189.20bn at the end of 2021.
- As deposits grew, SVB could not grow their loan book fast enough to generate the yield they
The husband's dad basically invented real estate securitization, starting the first real-estate mutual fund, the precursor to REITs
His dad's company, which he retired from in 2016 is publicly listed on the NYSE and has a $3.6bn market cap.
No wonder his son is in real estate.
Maybe people should get to decide for themselves what wages they're willing to work for or not work for, rather than the state dictating that for them.
I want to meet the PM at Peloton who thinks that the first thing I want to do every time I go to ride my bike is to do a software update.
Did anyone think that asking you to update the software after your ride might be less dumb? Seems pretty obvious ...
Everyone is shitting on A16Z's "slop" deals right now, meanwhile the $40-50m or so they put in the Cursor A 15 months ago is now marked at somewhere around ~$2-2.5bn.
We've raised $2.3B in Series D funding from Accel, Andreessen Horowitz, Coatue, Thrive, Nvidia, and Google.
We're also happy to share that Cursor has grown to over $1B in annualized revenue and now produces more code than any other agent in the world.
This funding will allow
You're smart enough to know that WRT climate change US policy doesn't matter at all what matters is Chinese and Indian industrialization. The only thing that's going to solve that is technological progress.
Companies blowing money inefficiently isn’t “nice” for anyone except the overpaid employees.
Also, his net worth is completely orthogonal to the point he is making (which he is correct about).
Bezos doesn't pay tax because he doesn't sell assets, but rather borrows against them.
Tax loans against assets and apply it as a credit agaisnt future sales of those assets and you solve this loophole.
Wealth taxes are immoral, difficult to implement, and bad for the economy.
For each $1bn they put in they will get that amount plus ~1.56% annualized interest out eventually, but the MBS is currently marked at something like 80-85% of cost basis due to the fed rate. If deposits drop substantially they become forced sellers they will take a loss on it,
All of the coffee shops within walking distance of my house are closed for indoor dining in a city with 90%+ vaccination rates for a variant that puts fewer vax’d people in the hospital than the flu.
Can we please stop being terrified for no reason and get back to normal life.
