Akshaya Srivatsa

Building @maxima_dot_ai. Prev @bolt @twitter @facebook & @whatsapp. @comfortably_nam is my better half.

[Akshaya Srivatsa @ItsMeAxe]

The last recession was caused by rating agencies not doing their job. Glad to see S&P holding the line

[Sawyer Merritt @SawyerMerritt]

Wow, the S&P Dow Jones Indices has just officially announced that they will NOT be changing their inclusion rules to make it easier for “MegaCap” companies (such as @SpaceX) to be fast-tracked into the S&P 500.

Their reasoning:
"S&P DJI determined that exceptions to the financial viability, seasoning, and IWF requirements should not be granted solely based on market capitalization. The decision not to adopt the proposed exceptions preserves core index principles by maintaining consistent application of these key requirements. Although there may be trade-offs between strict adherence to these eligibility requirements and broad representativeness, the current methodology provides substantial market coverage and sector balance. As a result, the indices can continue to meet their stated objectives while preserving their role as representative and investable benchmarks for the U.S. equity market.

No changes will be made to the eligibility criteria including financial viability screens, seasoning period, or minimum IWF, for the S&P 500, S&P MidCap 400, or S&P SmallCap 600 as a result of the S&P Dow Jones Indices consultation on the treatment of MegaCap companies. Accordingly, there will be no changes to existing methodology for this index family."

This means that the earliest @SpaceX could be eligible to be added to the S&P 500 would now be June 2027.

The requirements that will now remain in place are:
• No changes to S&P 500 eligibility rules for mega-cap companies.
• Mega-cap companies will still need to wait 12 months after their IPO before being considered for S&P 500 inclusion.
• S&P will not waive profitability requirements for mega-cap companies. The company must have positive GAAP net income in the most recent quarter, and the sum of the most recent four consecutive quarters.
• S&P will not waive minimum public float requirements for mega-cap companies. At least 10% of a company's shares must be publicly tradable ("free float").

The S&P rejected proposals that would have:
• Reduced the IPO seasoning period from 12 months to 6 months
• Waived profitability requirements
• Waived minimum public float requirements

[Akshaya Srivatsa @ItsMeAxe]

Every consumer company is a B2B company.

[Meghan Bobrowsky @MeghanBobrowsky]

New: Meta today launched an AI agent for businesses that can answer customer questions, book appts & close sales

Eventually it will be able to run their entire business, Zuckerberg said during the launch announcement

It's part of Meta's broadening beyond its core ads biz

[Akshaya Srivatsa @ItsMeAxe]

@PaulYacoubian @parkerconrad

[Akshaya Srivatsa @ItsMeAxe]

One of my favorite VC interactions has to be with @ericvishria in 2024.

Most VC interactions are pretty standard: It starts with introductions, slide deck, dig into the business etc..

Eric was different. As soon as he walked into the conference room, he started talking about @cerebras. It was a 10 minute ramble about all the ups and downs of the business. The entire interaction felt honest and like he genuinely cared about his companies.

Congrats to him and the Benchmark squad.

[Akshaya Srivatsa @ItsMeAxe]

What a dumb post! Sounds like Flybridge is a waste of time!

[Akshaya Srivatsa @ItsMeAxe]

@SlackHQ Amazing…. But what’s being done about the 20 week app approval timeline?

[Akshaya Srivatsa @ItsMeAxe]

@anshublog Why are options different? At the end of the day, they get exercised and sold to covert to cash right?

[Akshaya Srivatsa @ItsMeAxe]

Everyone is shocked by the Delve situation but the fraud was obvious from day one

SOC2 has a 90 days observation period. Anyone saying they can do it under 90 days is lying.

[Akshaya Srivatsa @ItsMeAxe]

@awgaffney What is illegal about it?

[Akshaya Srivatsa @ItsMeAxe]

Most problems in life are caused by 1 to 2 factors. As I think about California, almost every single problem from pensions, to roads, to taxes all point to one problem: housing.

Just build a lot more, get rid of all the NIMBY idiots and you will start to see all other problems disappear.

[Akshaya Srivatsa @ItsMeAxe]

😔

[CNN Breaking News @cnnbrk]

Catherine O'Hara, who starred in legendary films "Beetlejuice" and "Home Alone" before taking a star turn as Moira Rose on "Schitt's Creek," has died. She was 71.
https://t.co/CmkrpkvvWt

[Akshaya Srivatsa @ItsMeAxe]

@SlackHQ We submitted an app that needs to send messages to our users. Its a simple app, one that doesn't do much and its over 15 days and still being reviewed. Can you please expedite it?

[Akshaya Srivatsa @ItsMeAxe]

@RoKhanna @friedberg @chamath I don’t think people are opposed to the 5% tax as much as people are opposed to giving that money to the California govt which is the most fiscally irresponsible govt the world has ever seen.

[Muzzammil Zaveri (MZ) @mzaveri]

Congrats @yopgi, @ItsMeAxe, Jack and the entire @maxima_dot_ai team on your launch and pair of funding announcements! Excited to be a part of your guys journey. Hear more from Yogi on his story and why he started Maxima 👇

[Akshaya Srivatsa @ItsMeAxe]

@josh_coyne @yogi_maximus When can we get those shirts you made?

[Redpoint @Redpoint]

@maxima_dot_ai is emerging from stealth today with $41M in combined Seed and Series A funding. We're thrilled to lead their Series A and partner with @yogi_maximus , @ItsMeAxe, Jack Liao and their team.

Maxima deploys AI agents that automate the heavy lifting across reconciliation, journal entries, and close workflows. The results: customers like Scale AI, SpotOn, and Rippling are seeing up to 80% faster closes, 95% automation of manual work, and 100% auditability.

Yogi brings two decades of accounting and finance experience from EY, Citigroup, Barclays, and Rubrik, where he witnessed these challenges firsthand. Alongside co-founders Akshaya Srivatsa and Jack Liao, who saw the same problems at Meta, Twitter, and Netflix, they're building AI agents purpose-built for one of the most quantitative, rule-bound functions in business.

Congratulations to Yogi Goel and the entire Maxima team. We're honored to partner with you as you redefine accounting operations for the AI era.

🎉 Book today at https://t.co/nbtHnmNWcC!

[Akshaya Srivatsa @ItsMeAxe]

Why is it called “trick or treat?” They should just say “candies please”.

[Akshaya Srivatsa @ItsMeAxe]

@ylecun @AlexGertzUSA This has in fact happened many times where nuclear bombs have been accidentally dropped on civilians and thankfully nothing detonated.

[Akshaya Srivatsa @ItsMeAxe]

Honored to see @maxima_dot_ai in the #AI64 list among other iconic companies. Thanks @Redpoint for the recognition.

[Redpoint @Redpoint]

Introducing the Redpoint AI64: our list of the top emerging enterprise AI applications.

Check out the honorees and dive deeper with the full report, linked in the comments!

[Akshaya Srivatsa @ItsMeAxe]

@PGE_BayArea this is the third power cut in the last few weeks. There are no storms or blizzards or severe weather patterns to justify these many power outages. #incompetent