excited to welcome soham parekh (ex synesthesia, lindy, antimetal) to @runwayco
we've never seen stronger performance on our engineering interviews so we decided to offer him the roles of staff engineer, principal engineer, and principal staff engineer, and he's accepted all 3.
If you’re really good at passing technical interviews, you can probably get multiple jobs, hire a junior team to work under you and arb the total salary minus your headcount costs.
Hilarious outcome of remote work.
How it feels using the latest AI tools to summarize earnings transcripts and create excel models from scratch in minutes (your fund is down 26% YTD tho)
Between ages 22-25, I was stuck on a brokered CD trading desk in the NJ suburbs. The closest I got to actual Wall Street was the annual Christmas parties at South Street Seaport.
On nights and weekends, I worked as an EMT at MetLife Stadium during Giants and Jets games. Saturday mornings, I worked construction with my family’s business—just trying to pay off student debt faster. I was living with my parents. My girlfriend (now wife) was in Manhattan.
I wanted out. I wanted equities. I wanted NYC.
My father had built a house for a well-known analyst you see often on CNBC. I reached out for advice. He told me breaking into Wall Street from my position would be tough. Instead, I should go into industry or consulting, then break in laterally—find a team where that industry experience would be valuable. Blast a hole and crawl through.
So I did.
At 25, I took a job in market research (CPG-focused). From there, I engineered a transfer to the team that worked with investment banks. Eventually, one of those banks poached me.
By 27, I was on a top-ranked equity research team. By 34, I left to build my own consulting, M&A advisory, and venture business.
The lesson? If the front door is locked, find a side entrance. If there’s no door, blast a hole. Just get through. It can be done.
(8/10) The court should not endorse this theory because it has no limiting principle. It would give the SEC boundless authority over commerce - from collectibles, such as sports memorabilia, trading cards, expensive watches, to commodities like diamonds.
So this is huge. Today, @LEJILEX and the Crypto Freedom Alliance of Texas (CFAT) sued the SEC seeking a declaration that “secondary-market sales of digital assets like the ones that LEJILEX intends to facilitate through the https://t.co/KcwzlxpjdX are not sales of securities.”
Complaint is here: https://t.co/diu9qPWeeK
⛵ Lifeboat's private beta phase has ended, and we're officially public! ⛵
It’s been a little over a year since Lifeboat’s private beta launch, and we’re ready and excited for this next phase. Opening up Lifeboat to the public allows us to grow our user base, cover more projects, and launch new features to help you simplify your digital life.
Ready to try Lifeboat? ➡️ https://t.co/Nzbl9ixwtl
The most important thing the FDIC and the US Government can do right now is *make the receivership as short as possible*
There are thousands of US startups that banked at SVB, often as their *sole bank*. $250K per account is not going to last long.
From the FDIC website:
Lord give me the confidence of a guy posting on Twitter like a bank solvency expert whose primary source is some texts he got from his buddies in a group chat
By identifying and investing in companies that offer solutions such as frictionless payments and smart contracts that expedite transactions and reduce legal costs, investors can capitalize on the trend of digitization in the financial industry.
The fintech industry is rapidly evolving and companies that focus on reducing regulatory and legal spending for large organizations have the potential to increase shareholder value.
My “heard from” this week is from other VC fundraisers (20 year+ vets)
- Never harder to raise capital
- Hundreds of funds sitting at 50-75% of target, incl. some great funds
- If downturn history serves, ~25% of funds will never raise another fund - LPs wary of “walking dead”