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Arvind Saxena reposted thisArvind Saxena reposted thisEvery single one of the 11 Meta superintelligence hires is an immigrant who did their undergrad abroad. 7 China, 1 India, 1 Australia, 1 UK, 1 South Africa. 8 are PhD or PhD dropouts in the US. Immigration is key to US AI innovation.
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Arvind Saxena shared thisArvind Saxena shared thisI have been a client of SVB for more than 15 years for my companies, but I moved to another bank about 18 months back. Just run on the bank by startups and VC’s is not the reason of failure. The issues were known more than a year ago but nobody cared. The $90B bet on 10 years bond, knowing interest rates are continuously going up for past 2 years, and that too also MBS exposure? seriously? What have we learned from Lehman? $17B in ‘mark to market losses’ end of Dec 2022 ( if you read their 2022 annual filing) which would wipe out entire shareholder equity which led to Moodys downgrade, followed by stock price collapse and final nail ( not first) was account holders scrambled to get their money. Also they have still not done MTM on private stock exposure which will show major losses. Most VC’s and tech founders do not understand how banks work nor reads the financials of the bank where they have money, but are surprised how the $200B deposit bank failed overnight. Nothing happens overnight or in few days. Look deeper, problems are brewing for years and months. #svb #siliconvallybankSVB’s Balance-Sheet Time Bomb Was ‘Sitting in Plain Sight,’ Short Seller SaysSVB’s Balance-Sheet Time Bomb Was ‘Sitting in Plain Sight,’ Short Seller Says
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Arvind Saxena shared thisNote that Texas is nowhere on this chart-- which is not just Austin, but the entire state including Dallas, Houston, etc. https://lnkd.in/gh3UZYEyArvind Saxena shared thisThere is much talk about California losing its status as the startup land. My team and I looked into whether California has been producing fewer unicorns over the past 30 years. The answer is no, but we found other surprising facts. Over the entire period, California, New York, and Massachusetts are the top 3 states by the “production” of US VC-backed unicorns in absolute numbers. 544, 110, and 74 unicorns respectively come from each state. California holds a stable share over 30 years at about 50% of all companies that become unicorns each year. New York has become increasingly important in recent years. From just 3% of the unicorns 20 years ago to 12% and the second place today. It is also the fastest growing US unicorn hub. Massachusetts, in the third place, holds the 5%-8% range over time. Israel is the top foreign nation in terms of absolute number of US-based unicorns with 29 companies from Israel calling the US home. Based on the 2011-2020 decade, Israel alone would have been the fourth by the absolute number of US unicorns were it a US state, surpassed only by CA, NY, and MA. This is quite a fact! Israel is rivaling Massachusetts, as its share has grown from 0 to 5% in the last 20 years. Stay tuned to explore more evidence behind the success and distribution of startup hubs. Thank you to the Stanford University Graduate School of Business Venture Capital Initiative team for spearheading this research. #stanford #stanfordgsb #venturecapital #startups #innovation #technology
Arvind Saxena replied to a comment
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Zain Jaffer It would still be a gift though and you'd get hit with gift tax.
Arvind Saxena replied to a comment
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RJ Garbowicz No, a loss on primary residence is not deductible as a capital loss.
Arvind Saxena replied to a comment
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Shaily Hakimian - Social Media Sherpa Yes, and also the tax deduction for donating to charity. OP instead gave a large gift which has worse tax treatment
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Arvind Saxena liked thisArvind Saxena liked thisI’m excited to join Microsoft this week and look forward to working with customers and the team!
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Arvind Saxena liked thisArvind Saxena liked this🛡️ Build the top 0.1% talent team for the future AI Security 🛡️ Aegis AI Security has gone from 2 to 20+ over the last year by hiring the best talent from Google, Meta, Amazon, and top AI labs. We're now looking for an AI-native talent leader to join us to take us to 200+. The Role: Partner with founders in SF/NYC to build the team The Hunt: Source the engineers who have 5+ standing job offers The Vibe: Top talent org. Smart + mission driven teammates who work hard. Top of band comp. Location: SF/NYC/Remote If you love using all the latest AI tools, hire the very best talent in the world, and care about protecting users then I'd love to meet you. Apply here or DM me directly. #Recruiting #FAANG #StartupHiring #SFTech #NYCTech
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Arvind Saxena liked thisArvind Saxena liked thisToday is my last day at Oracle (OCI). Looking back on the past four years, it’s been an absolute whirlwind of a journey and an incredible ride. It has been an absolute privilege to witness OCI’s evolution from a quiet contender to one of the most explosive and compelling stories in the cloud hyperscaler space. I am incredibly proud of my team and everything we’ve built together. Their relentless dedication to making the complex world of distributed systems and cloud infrastructure more reliable and predictable has been nothing short of inspiring. To the many brilliant minds I’ve worked with and learned from: thank you! While the list is far too long to name everyone, I’m walking away with deep appreciation for the partnerships, the challenges, and the growth we shared. I’m looking forward to taking some time to reflect and regroup before diving into my next chapter. It’s been an incredible run, and I can’t wait to see what’s around the corner. 🚀
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University of California, Berkeley
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