Amit Kumar

Founder & CEO at Building the future of messaging.

[Amit Kumar @amitkumar01]

@jamescham @nabeel SF MOMA is in Yerba Buena and it directly borders The East Cut. From: https://t.co/tGcyRieDSF

[Amit Kumar @amitkumar01]

@parkerconrad The article was definitely well researched and thoughtful, not just mindlessly amplifying Teamsters talking points: 'the Teamsters who are battling the growing likelihood that massive tech companies like Amazon and Alphabet are gunning to replace its members with self-driving '🙄

[Amit Kumar @amitkumar01]

@BNarasin Noted will check it out next time I'm in the Peninsula

[Amit Kumar @amitkumar01]

@BNarasin Boichik in Berkeley 👍, but their SF shops are just selling East Bay-baked bagels shipped across the bridge. NYC bagels need to be baked fresh on-site. Wise Sons...let's not even go there. And why don't any of these places understand the correct amount of cream cheese?

[Howard Lindzon @howardlindzon]

Fascinating chart/data point form my pal @charliebilello

Both Cisco and Nvidia had to pass $MSFT to become the largest companies (market cap) of all time...24 years apart.

The biggest takeaway for me is Ballmer sucked as CEO

[Amit Kumar @amitkumar01]

This article is troubling. Unions like the Teamsters are prioritizing membership (dues, influence, power) over saving lives. Swiss Re compared Waymo's data to 125B human driving miles, and AVs are at least 300% safer than humans.
https://t.co/MwQ2OLu7zf

[Nat Friedman @natfriedman]

Tons of respect for any team that maintains a high velocity of shipping at any time, let alone under unprecedented uncertainty.

[Bloomberg @business]

Citadel founder Ken Griffin sees one side effect of years of working from home: companies may find it easier to fire people https://t.co/U5UZnck6FG

[Amit Kumar @amitkumar01]

...there's an implication that lives lost to human drivers are somehow less valuable than those potentially at risk with robot taxis

[Amit Kumar @amitkumar01]

The strong opposition to self-driving taxis in California will sadly lead to more fatalities at the hands of human drivers, mirroring the anti-nuclear movement’s impact, which spurred the construction of coal power plants, resulting in increased deaths and suffering

[Amit Kumar @amitkumar01]

@DavidZipper Resorting to name-calling over facts? 🙄

Clearly, you've never seen Uber/Lyft drivers: blocking traffic, lane hogging, illegal U-turns, driving 2mph🤬

AVs ease traffic through methodical navigation while increasing access to underserved communities and also reducing costs

[Amit Kumar @amitkumar01]

@semil @EghosaO @adamnash I believe, the Fed sees the new Bank Term Funding Program as a solution to the liquidity risks(for depositors) in those banks

[Amit Kumar @amitkumar01]

@BNarasin The decision is well-founded, ensuring a healthy bank in the auction redo benefits everyone involved. It's likely that the Fed believes the Bank Term Funding Program, if in place earlier, could have prevented SVB's failure.

[Bill Gurley @bgurley]

Some (below) are arguing US capitalism would be better off if SVB had completely failed (also wiping out depositors). History suggests that out gov't treated big banks (2008) & big airlines (2020) FAR BETTER than SVB - in both cases fully protecting EQUITY shareholders. (cont)

[Liz Hoffman @lizrhoffman]

*96%* of SVB's deposits exceeded the $250,00-per-customer FDIC limit and so are uninsured. That's wild (Bank of America's is 32%, PNC is 46%) and magnifies the risk of a run on the bank like the one we just saw

[Lenny Rachitsky @lennysan]

Three tips for closing more deals from @SVMansuri

1. Email is where deals go to die. Text messages are where deals get done.

[modest proposal @modestproposal1]

It's interesting that software multiples are now at the 5 year average of 2014-2018. Maybe not cheap, but fully reverted from craziness of 18-21. Only the 5 highest multiple stocks have not reverted and remain 40% above 14-18, while < 30% growers trade below that 5 year average.

[Zak Kukoff @zck]

I love getting a WhatsApp notification because I never know if it's going to be ignorable spam or a critically important update from a colleague overseas

[Amit Kumar @amitkumar01]

Why aren't you focusing on a solution to help these workers? Rather than personal brand building?
1/ Why protest outside of Facebook if the issue is with the custodial contractor SBM?
2/ Fastest solution to a contract violation is the NLRB. Why haven't you taken that route?

[Matt Haney @MattHaneySF]

Janitors are on STRIKE at Meta (Facebook) buildings downtown. Dozens of the janitors have been laid off by the custodial contractor (SBM), in violation of their contract, without healthcare or severance pay. @local87seiu @sflabor

[Amit Kumar @amitkumar01]

Zoom is feeling the same pain as Slack — battling for IT dollars against a free/bundled Microsoft (and in Zoom's case Google) alternative.

Zoom's strategy to combat the resulting drop in revenue growth is to erode goodwill with post-meeting pop-up ads...on paid accounts!?😠