user avatar
Dan Scheinman
@dscheinm
Accidental Angel investor (@AristaNetworks, @zoom, @cycognito, @SentinelOne, @spekitapp and more!). Believer in great founders.
Northern California
Joined August 2008
Posts
  • user avatar
    Everyone has an opinion on Google in the wake of Eric Schmidt comments. I have one story. I once interviewed a Google VP who had about 1500 people under them. I asked how many people they had fired for non-performance in last 2 years. Zero. Was not culturally appropriate.
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    Every VC who did not invest in Zoom is now an expert in the verticalization of video conferencing. Some of the same folks who literally told me there was no market demand 5 years ago. 🤷‍♀️
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    Have been shy to disclose this, but have a family real estate business in SF. We currently have an addict squatter we cannot evict who is driving out paying actual tenants. We have zero recourse. Things are out of whack.
  • user avatar
    Replying to @vkhosla
    Also, if you judge him by the people who know him best, none of the people he brought on in the first term stayed, or backed him again in public. The people who know him seem more likely to not back him.
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    This is not good for SF. This is the only city in the world where the political elite will cheer the loss of jobs (and hence taxes). It is bad for CA as well. This is a sad day for me, and for all of us who pay taxes and want the area to win.
    And 𝕏 HQ will move to Austin
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    I heard from one CEO on WFH. Individuals report productivity gains. Managers report team productivity losses. 🤷
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    When I was a lawyer, we were ripped off by a con man. The defense lawyer told me something that has stuck with me: You will never meet an unlikable conman.
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    “They went from company to company. Always getting promoted. And when they left, no one was ever sure if anything had been accomplished.” From a reference check.
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    I was a donor @BerkeleyLaw This is the most tone deaf hire in their recent tone deaf history.
    Recalled ex-@SFDAOffice & former @sfdefender @chesaboudin named founding executive director of new Criminal Law & Justice Center at @BerkeleyLaw @UCBerkeley
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    I have been talking about 2000. I lost 90% of my net worth in 90-180 days then. I learned who my friends were, and the importance of family (and honestly how little money has to do with wealth). If this is you today, heads up look forward. Better times ahead.
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    Talked with a very publicity shy very successful tech investor (at this for 40 years). He told me that the whole reason he still invests is to keep learning. Money has lost its appeal, but learning has not.
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    Look, 90% of startups fail. Most make some poor decisions, some are just wrong time, and others unlucky. Fast appears to be failing, and for the investors and employees, this is not fun. I think the glee shown here is a bit overdone.
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    The Amazon VP who quit elicits a lot of feelings in me. The biggest one is if you are at a BigCo, know for sure what your line is and what you would quit over. I made too many compromises with my line. Don’t.
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    The top 8% in CA pay 78% of the income tax. If we lose even 10% of that, it is not good for CA. We should want more successful folks here. Now is the wrong time for more taxes.