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AustenAllred's profile
Austen Allred
Austen Allred
Austen Allred
Verified account
@AustenAllred

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Austen AllredVerified account

@AustenAllred

CEO @LambdaSchool (YC S17): A CS education that's free until you get a job. I have made remarks that I do not agree with.

San Francisco, CA
lambdaschool.com
Joined December 2010

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    Austen Allred‏Verified account @AustenAllred Oct 18

    Austen Allred Retweeted Sam Levin

    Regardless of how you feel about the politics, Benioff peddling Stripe as having “made” $20 billion (their most recent valuation) to people who don’t understand the difference is the most disingenuous thing he could dohttps://twitter.com/SamTLevin/status/1052579535374274560 …

    Austen Allred added,

    Sam LevinVerified account @SamTLevin
    .@stripe is spending big to fight a corporate tax to fund homeless services in San Francisco. What @Benioff had to say about that: “Even though they’ve made $20bn dollars in San Francisco, they’re not willing to give back at scale. Isn’t that amazing?" https://www.theguardian.com/technology/2018/oct/17/salesforce-ceo-marc-benioff-san-francisco-homeless-interview …
    Show this thread
    6:33 AM - 18 Oct 2018
    • 26 Retweets
    • 346 Likes
    • Sid Puri Rohan Jayasekera Michael Flaxman Lucas Gleba Sam Bhagwat Theodore Garrett Maring Mitchell Spark Santi
    18 replies 26 retweets 346 likes
      1. New conversation
      2. ExecConnect‏ @ConnectExecs Oct 18
        Replying to @AustenAllred

        Sure, but the fact that Stripe some how has the money to spend fighting the measure but doesn't seem to have it to help fund services to help remediate the issue should be viewed as the more disingenuous act, don't you think? ;)

        1 reply 0 retweets 1 like
      3. Austen Allred‏Verified account @AustenAllred Oct 18
        Replying to @ConnectExecs

        Stripe has spent a lot of money supporting things it finds important. It just thinks the prop c approach is a backwards move. Pretty straight forward.

        1 reply 0 retweets 11 likes
      4. ExecConnect‏ @ConnectExecs Oct 18
        Replying to @AustenAllred

        That's fair, but spending $$$ to fight a prop that could go to help address a clear problem in the community, is probably not the best use of funds. As for the valuation issue, while $20bn may not represent their earnings, it certainly represents a degree of financial stability.

        0 replies 0 retweets 0 likes
      5. End of conversation
      1. New conversation
      2. Tade Oyerinde‏ @TadeOyerinde Oct 18
        Replying to @AustenAllred @zachtratar

        Nothing disingenuous at all here. They created $20B in value out of nothing at all. Benioff is right to push for more accountability.

        1 reply 0 retweets 4 likes
      3. Zach Tratar‏ @zachtratar Oct 18
        Replying to @TadeOyerinde @AustenAllred

        Tade, this is extremely inaccurate from Benioff. Being valued at a dollar amount does not mean that you've made that much money. Very happy to talk about this. Prop C is one of the most poorly designed policies ever proposed, and will significantly damage the bay area economy.

        3 replies 0 retweets 6 likes
      4. Andrew Brackin‏Verified account @brackin Oct 18
        Replying to @zachtratar @TadeOyerinde @AustenAllred

        I feel like everyone keeps saying it's poorly designed but no one has explained why. Scott Weiner used this phrase in his medium post. Would love an explanation as I don't know where I sit on this issue. Overall against tho.

        4 replies 0 retweets 3 likes
      5. Zach Tratar‏ @zachtratar Oct 18
        Replying to @brackin @TadeOyerinde @AustenAllred

        1. It's a tax on gross receipts and dismantles the ability for lower margin biz to operate in SF. Completely. Think Safeway and Whole foods. 2. We should increase spending, but by $300 million per year? An additional $42k per person? Puts total spend at $75k p person! So high.

        2 replies 0 retweets 10 likes
      6. Zach Tratar‏ @zachtratar Oct 18
        Replying to @zachtratar @brackin and

        3. The proposal isn't specific on how it will spend this money aside from saying "50% goes to housing", etc. Put simply, they just picked a HUGE number and want to hope for the best. The mayor does not support Prop C. It is irresponsible. 4. We must help via smarter means.

        2 replies 0 retweets 9 likes
      7. Tade Oyerinde‏ @TadeOyerinde Oct 18
        Replying to @zachtratar @brackin @AustenAllred

        Yeah Zach, I think these are legit critiques -- i'm not necessarily for or against the particular proposal. I don't buy the economic damage to SF bit though. Twitter, Stripe & co. aren't going to just leave SF because of nominal tax increases. A new status quo is needed.

        1 reply 0 retweets 2 likes
      8. Austen Allred‏Verified account @AustenAllred Oct 18
        Replying to @TadeOyerinde @zachtratar @brackin

        It's not about Twitter and Stripe, it's about the thousand other companies that have much smaller margins

        2 replies 0 retweets 8 likes
      9. Andrew Brackin‏Verified account @brackin Oct 18
        Replying to @AustenAllred @TadeOyerinde @zachtratar

        Isn't this also an argument for the trump tax cuts? :)

        1 reply 0 retweets 1 like
      10. 4 more replies
      1. New conversation
      2. Jonathan Paulson‏ @PaulsonJonathan Oct 19
        Replying to @AustenAllred

        What’s wrong with valuation == money made?

        1 reply 0 retweets 0 likes
      3. Austen Allred‏Verified account @AustenAllred Oct 19
        Replying to @PaulsonJonathan

        Valuation isn’t even related to money made. There are companies with $100 million valuations that have made less than $1 million in revenue

        1 reply 0 retweets 0 likes
      4. Jonathan Paulson‏ @PaulsonJonathan Oct 19
        Replying to @AustenAllred

        Revenue is “income”, valuation is “net worth”. Net worth seems like a better measure than income for “money made”; you can sell stock to realize the gains.

        0 replies 0 retweets 0 likes
      5. End of conversation
      1. New conversation
      2. Sar Haribhakti‏ @sarthakgh Oct 18
        Replying to @AustenAllred

        facts cant get in the way of virtue signaling tho

        2 replies 1 retweet 11 likes
      3. 1 more reply
      1. New conversation
      2. Alex Carter  🤷‍♂️‏ @AlexCartaz Oct 18
        Replying to @AustenAllred

        @patrickc and @Benioff doing a @cwclub discussion about this would be really amazing

        1 reply 0 retweets 1 like
      3. Alex Carter  🤷‍♂️‏ @AlexCartaz Oct 18
        Replying to @AlexCartaz @AustenAllred and

        @sama moderate maybe?

        0 replies 0 retweets 1 like
      4. End of conversation
      1. Rahul Vohra‏Verified account @rahulvohra Oct 18
        Replying to @AustenAllred

        The posturing here seems unnecessarily aggressive

        0 replies 0 retweets 2 likes
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      1. Bernard Desarnauts “BD”‏Verified account @bdesarnauts Oct 18
        Replying to @AustenAllred

        Yep unfortunate that he has to call on them and Jack but st least he is trying to do something about this problem that is plaguing SF for so long. Hard to argue against trying

        0 replies 0 retweets 2 likes
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