Ashish Mehta

Behavioral Economics | Hacker | USC | Football Fanatic | Venture Capital | Angel Investment | Crypto trader | Dev @affirm | ashishgm.eth

[Ashish Mehta @iamashgm]

https://t.co/CtxCzUZJGN

[Ashish Mehta @iamashgm]

@RobinhoodApp @vladtenev a lot of us become US non-residents later in our life and get forced to close our RH accounts. Huge miss.
If you support existing users abroad, you’ll keep lifelong customers. Hope you consider enabling this. Love Robinhood and want to stay forever.

[Ashish Mehta @iamashgm]

What an awesome episode of how the IPL came about

https://t.co/4Oq9vNM8AX

[The Money Cruncher, CPA @money_cruncher]

The IRS hasn't updated some items for inflation in years:

- $3k capital loss limit (1978). It'd be $15,248 now.
- $3k dependent care credit (1976). It'd be $17,140 now.
- $25k/$32k social security income tax brackets (1984). They'd be $77k/$99k now.

[Balaji @balajis]

Here’s the thing: Indians are rising.

And that is actually why anti-Indian sentiment is rising. Not because Indians are so weak, but because Indians are once again becoming strong.

CEOs of companies.
Leaders of countries.
Founders and investors.
Doctors, writers, professors.
Not just slumdogs.
Millionaires.

Now, I know what people will say.
Not all Indians are doing well.
More than a billion are still poor!
And of course that’s true, and will be for a while.

But Indians abroad have risen as individuals:

And India is now rising as a country:

Indeed, India is the fastest growing large economy in the world over the last decade:

And I think Indians have a lot of headroom left. Where does it end up? We don’t know, but if even 5% of 1.4B Indian nationals are at the same level as the ~5M strong Indian American diaspora that currently produces ~6% of US tax revenue, that’s ~70M people capable of producing ~72% of current US tax revenue.

So I think it’s at least possible that India returns to its historical level of relative prosperity:

As a plausibility argument, recall that before America was even a twinkle in anyone’s eye, Marco Polo sought out China and Columbus risked his life to trade with India. So those civilizations were giant economic centers for thousands of years.

And are becoming so again.

This perspective demands a different approach. Not the victim mindset where Indians mimic Western wokes in whining piteously upon every slight. But a mature, tit-for-tat morality befitting a rising people where you cooperate with those that cooperate, ignore what is best ignored, and (proportionately) punish only when necessary.

Because even from a purely realpolitik standpoint, constant cancellation doesn’t work. Recall that wokes tried that for the last decade, and all it got them was epic political defeat. They overused the penicillin called anti-racism, and now we have antibiotic-resistant actual racism.

Indians will need different tactics. And that starts with moving from victim mentality to Vedic mentality, if you'll permit the poetic license. Because India isn't just a rising civilization, it's a returning civilization. And wokes are proven losers, but Indians can be winners.

[Ray Dalio @RayDalio]

I’m worried that the US government debt problem will get so bad that the US will “go broke” and I believe that there are steps we can take to prevent it. I am in the process of completing a comprehensive study about the mechanics of how countries go broke, where the US government is in its Big Debt Cycle, and what policymakers and investors should do about it. The study will be published later this year as a new book: How Countries Go Broke: Principles for Navigating the Big Debt Cycle, Where We Are Headed, and What We Should Do. As with my prior books, I am going to pass along parts of it for free as I am writing, and I'd like to discuss what it says with you and others on social media.
You can read Part One here:
https://t.co/UikSJLzpZX

[International Chess Federation @FIDE_chess]

🇮🇳 Gukesh D is the YOUNGEST WORLD CHAMPION in history! 🔥 👏

[Ashish Mehta @iamashgm]

@elonmusk Is there a free version? I feel Grok is late to the party and it’s much easier to use that takes care of your preferences based on your chat history.

[Ashish Mehta @iamashgm]

@AravSrinivas Switched from Chrome to Brave for shielding against Ads

[Dalton Caldwell @daltonc]

It’s time (again) for fintech

[Ashish Mehta @iamashgm]

My first substack post - https://t.co/7VGOIG6rbK

[Ashish Mehta @iamashgm]

https://t.co/oPJlFhYwOO

[Ashish Mehta @iamashgm]

https://t.co/snZunJEMo4

[Chamath Palihapitiya @chamath]

We talked last week on @theallinpod about looking at long term multiples in SaaS and our friends at @MeritechCapital sent us this chart that they keep looking all the way back to the Salesforce IPO in 2004.

Bottom line is that 6x NTM revenue is the 20 year trend.

If you run a SaaS company and your last round was meaningfully above this metric, a solid piece of advice is to manage your burn until your NTM revenue x 6 == your last valuation.

[Ashish Mehta @iamashgm]

The nature of product | Marty Cagan, Silicon Valley Product Group https://t.co/hVqU1YCIeQ via @YouTube

[Ashish Mehta @iamashgm]

Use this link to sign up for a Wealthfront Cash Account and we’ll both get +0.50% on the current APY! https://t.co/aA7YS8BvkF

[Ashish Mehta @iamashgm]

JPMorgan not renewing First Republic customers' personal credit lines

Sad to see a great product go away. https://t.co/oSEp5dTbPE

[Carta @cartainc]

One of our newest features reduces the ACH transaction processing time for money movements on Carta by 33%.

Learn how you can move money faster 💸👇
https://t.co/s7nH2wrK4C

[Ashish Mehta @iamashgm]

Use this link to sign up for a Wealthfront Cash Account and we’ll both get +0.50% on the current APY! https://t.co/aA7YS8BvkF

[Elon Musk @elonmusk]

The data with which the Federal Reserve is making decisions has too much latency