Leandro Castro

@logica_app co-founder, @ycombinator W21, @PIPELINEorg member, @MultiMechanics co-founder, @TheBeatles fan

[Neil deGrasse Tyson @neiltyson]

On the creation of NOAA & EPA under his signature:

“Congress, the Administration and the public all share a profound commitment to the rescue of our natural environment, and the preservation of the Earth as a place both habitable by and hospitable to man.”

—Richard Nixon 1970

[Neil deGrasse Tyson @neiltyson]

Just as the intensity of weather events is increasing, seems like the wrong time to cut funding to NOAA, organized 55 years ago by a Republican President, "...for better protection of life and property from natural hazards...and for… intelligent use of our marine resources."

[Joe Biden @JoeBiden]

My fellow Democrats, I have decided not to accept the nomination and to focus all my energies on my duties as President for the remainder of my term. My very first decision as the party nominee in 2020 was to pick Kamala Harris as my Vice President. And it’s been the best decision I’ve made. Today I want to offer my full support and endorsement for Kamala to be the nominee of our party this year. Democrats — it’s time to come together and beat Trump. Let’s do this.

[Bill Ackman @BillAckman]

The gov’t has about 48 hours to fix a-soon-to-be-irreversible mistake. By allowing @SVB_Financial to fail without protecting all depositors, the world has woken up to what an uninsured deposit is — an unsecured illiquid claim on a failed bank. Absent @jpmorgan @citi or @BankofAmerica acquiring SVB before the open on Monday, a prospect I believe to be unlikely, or the gov’t guaranteeing all of SVB’s deposits, the giant sucking sound you will hear will be the withdrawal of substantially all uninsured deposits from all but the ‘systemically important banks’ (SIBs). These funds will be transferred to the SIBs, US Treasury (UST) money market funds and short-term UST. There is already pressure to transfer cash to short-term UST and UST money market accounts due to the substantially higher yields available on risk-free UST vs. bank deposits. These withdrawals will drain liquidity from community, regional and other banks and begin the destruction of these important institutions. The increased demand for short-term UST will drive short rates lower complicating the @federalreserve’s efforts to raise rates to slow the economy. Already thousands of the fastest growing, most innovative venture-backed companies in the U.S. will begin to fail to make payroll next week. Had the gov’t stepped in on Friday to guarantee SVB’s deposits (in exchange for penny warrants which would have wiped out the substantial majority of its equity value) this could have been avoided and SVB’s 40-year franchise value could have been preserved and transferred to a new owner in exchange for an equity injection. We would have been open to participating. This approach would have minimized the risk of any gov’t losses, and created the potential for substantial profits from the rescue. Instead, I think it is now unlikely any buyer will emerge to acquire the failed bank. The gov’t’s approach has guaranteed that more risk will be concentrated in the SIBs at the expense of other banks, which itself creates more systemic risk. For those who make the case that depositors be damned as it would create moral hazard to save them, consider the feasibility of a world where each depositor must do their own credit assessment of the bank they choose to bank with. I am a pretty sophisticated financial analyst and I find most banks to be a black box despite the 1,000s of pages of @SECGov filings available on each bank. SVB’s senior management made a basic mistake. They invested short-term deposits in longer-term, fixed-rate assets. Thereafter short-term rates went up and a bank run ensued. Senior management screwed up and they should lose their jobs. The @FDICgov and OCC also screwed up. It is their job to monitor our banking system for risk and SVB should have been high on their watch list with more than $200B of assets and $170B of deposits from business borrowers in effectively the same industry. The FDIC’s and OCC’s failure to do their jobs should not be allowed to cause the destruction of 1,000s of our nation’s highest potential and highest growth businesses (and the resulting losses of 10s of 1,000s of jobs for some of our most talented younger generation) while also permanently impairing our community and regional banks’ access to low-cost deposits. This administration is particularly opposed to concentrations of power. Ironically, its approach to SVB’s failure guarantees duopolistic banking risk concentration in a handful of SIBs. My back-of-the envelope review of SVB’s balance sheet suggests that even in a liquidation, depositors should eventually get back about 98% of their deposits, but eventually is too long when you have payroll to meet next week. So even without assigning any franchise value to SVB, the cost of a gov’t guarantee of SVB deposits would be minimal. On the other hand, the unintended consequences of the gov’t’s failure to guarantee SVB deposits are vast and profound and need to be considered and addressed before Monday. Otherwise, watch out below.

[Toby Rush - TobiasRush.eth @TobiasRush]

Onboarding the world into Web3, one phone number at a time! @Redeem_xyz

Great piece by @ritacyliao at @techcrunch

https://t.co/97i0nleReY

[Logica @logica_app]

Logica: Build a financial model in a drag-and-drop canvas https://t.co/nxcNvPLmQf via @mwseibel and @ProductHunt

[Leandro Castro @lsdcastro]

https://t.co/RlzzXzGlxj

[MultiMechanics @MultiMechanics]

#MultiMechanics has been selected as a 2018 TechConnect National #Innovation Awardee! This prestigious award is given to the top #startups from around the world through an industry-review process of the top 20% of submitted technologies.

[Leandro Castro @lsdcastro]

High Velocity Impact on Composites - Past, Present, and Future https://t.co/GWwSS6V3cY

[MultiMechanics @MultiMechanics]

#MultiMechanics will be featured in the @Airbus Open Innovation Lab at #Vivatech 2018! This lab will be focused on collaboration between an industry leader and today's brightest #startups

[pipeline entrepreneurs @PIPELINEorg]

Bonjour to @PIPELINEorg entrepreneur @lsdcastro of @MultiMechanics who pitched at the @hellotmrc Global Summit in Paris, France 🇫🇷 this week

[Jean-Pierre Clamadieu @jpclamadieu]

Our venture capital fund has been helping us leverage external creativity for 10 yrs. The fund supports young #startups like @MultiMechanics

[pipeline entrepreneurs @PIPELINEorg]

"@MultiMechanics...is changing the way we develop new materials & interact with customers." -@SolvayGroup @lsdcastro https://t.co/ORxrKRbjMM

[Leandro Castro @lsdcastro]

The Anatomy of a Composite Microstructure https://t.co/dxHulb2HYw

[Leandro Castro @lsdcastro]

MultiMech for Ansys Released https://t.co/vyCMCbtRE1

[MultiMechanics @MultiMechanics]

Excited to announce our latest (and greatest) integration: MultiMech for @Ansys https://t.co/sKoG745j3L

[Jason Tatge @JasonTatge]

@Syngenta @nnebruinsma Hey I made that slide!! At least give @FarmobileLLC credit if you're going to use our visuals...mic...drop...I'm out!

[Leandro Castro @lsdcastro]

MultiMechanics Announces new release "MultiMech for Abaqus" https://t.co/uCCWBuRjUM

[3DS SIMULIA @3DS_SIMULIA]

Join new #SIMULIA partner @MultiMechanics for TRUE Multiscale™ Composite Analysis within #Abaqus CAE, tomorrow: https://t.co/L6wzbOWIqp

[pipeline entrepreneurs @PIPELINEorg]

@PIPELINEorg Member @lsdcastro and @MultiMechanics announces new partnership with Dassault Systèmes @SiliconPrairie https://t.co/1HwgLFl9R7