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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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    1. 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
      18 replies 26 retweets 346 likes
    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
      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

      10:40 AM - 18 Oct 2018
      • 8 Likes
      • MD Jijo Sunny Rob Wurth Jeff Jones JB Sergei Zach Tratar Wes Winham
      2 replies 0 retweets 8 likes
        1. New conversation
        2. 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
        3. Zach Tratar‏ @zachtratar Oct 18
          Replying to @brackin @AustenAllred @TadeOyerinde

          All of these topics are complex. Hard to say what is a pro tax-cut vs pro Trumps tax cuts on Twitter. Overall I personally believe we should be focused on non-damaging tax increases to support social programs. Tax net revenue. Tax profit. Tax local spending. All of these work.

          1 reply 0 retweets 1 like
        4. G. Riunite‏ @griunite Oct 21
          Replying to @zachtratar @brackin and

          As founder of @square, @jack specifically campaigned for and won a switch to the gross receipts tax. Sf tech industry incl fintech literally came up with the idea and felt it most favorable.https://www.sfgate.com/business/article/SF-Citi-video-plugs-in-tech-Prop-E-3930793.php …

          1 reply 0 retweets 1 like
        5. Zach Tratar‏ @zachtratar Oct 21
          Replying to @griunite @brackin and

          Sure, but more than doubling that tax creates an entirely new context.

          1 reply 0 retweets 0 likes
        6. G. Riunite‏ @griunite Oct 21
          Replying to @zachtratar @brackin and

          He never complained about fairness. Even with smaller tax an supposed unfairness issue would arise as revenue scales. Never said anything then.

          0 replies 0 retweets 1 like
        7. End of conversation
        1. Rob Frances‏ @RFrances2 Oct 19
          Replying to @AustenAllred @TadeOyerinde and

          Thousands? I believe it ONLY applies to companies with OVER $50 Million gross receipts, and then the tax ONLY applies to sales WITHIN SF. I'd be surprised if the tax even affects "hundreds" of SF companies. Hyperbole and hysteria are not good looks when discussing public policy.

          0 replies 0 retweets 0 likes
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