I'm absolutely shocked that venture capitalists' ideas about the transit we need aren't universal.https://twitter.com/FitzTheReporter/status/1117878325744037888 …
Partner at @initialized. Previously @techcrunch. When life hands me lemons, I make tarte au citron.
You can add location information to your Tweets, such as your city or precise location, from the web and via third-party applications. You always have the option to delete your Tweet location history. Learn more
Add this Tweet to your website by copying the code below. Learn more
Add this video to your website by copying the code below. Learn more
By embedding Twitter content in your website or app, you are agreeing to the Twitter Developer Agreement and Developer Policy.
| Country | Code | For customers of |
|---|---|---|
| United States | 40404 | (any) |
| Canada | 21212 | (any) |
| United Kingdom | 86444 | Vodafone, Orange, 3, O2 |
| Brazil | 40404 | Nextel, TIM |
| Haiti | 40404 | Digicel, Voila |
| Ireland | 51210 | Vodafone, O2 |
| India | 53000 | Bharti Airtel, Videocon, Reliance |
| Indonesia | 89887 | AXIS, 3, Telkomsel, Indosat, XL Axiata |
| Italy | 4880804 | Wind |
| 3424486444 | Vodafone | |
| » See SMS short codes for other countries | ||
This timeline is where you’ll spend most of your time, getting instant updates about what matters to you.
Hover over the profile pic and click the Following button to unfollow any account.
When you see a Tweet you love, tap the heart — it lets the person who wrote it know you shared the love.
The fastest way to share someone else’s Tweet with your followers is with a Retweet. Tap the icon to send it instantly.
Add your thoughts about any Tweet with a Reply. Find a topic you’re passionate about, and jump right in.
Get instant insight into what people are talking about now.
Follow more accounts to get instant updates about topics you care about.
See the latest conversations about any topic instantly.
Catch up instantly on the best stories happening as they unfold.
Sasha Perigo Retweeted Joe Fitzgerald Rodriguez
I'm absolutely shocked that venture capitalists' ideas about the transit we need aren't universal.https://twitter.com/FitzTheReporter/status/1117878325744037888 …
Sasha Perigo added,
Uber has raised $25B in venture capital funding, while Lyft has raised $5B. Various scooter companies have raised hundreds of millions.
I'm imaging the society we'd be living in if that money had been put towards public transit and crying a little... 
Venture capital comes through university endowments, public sector pensions and foundations that expect a return on their investment in various VC funds. If they want to lose money and not be able to fund, say, public sector workers' retirements or universities, then
I guess they could put it into public transit, which generally loses money.
But our public pension funds are not making their expected returns, and so they're actually considering putting even more capital into riskier private equity investments.https://www.wsj.com/articles/calpers-gives-new-private-equity-plan-tentative-thumbs-up-11552939761 …
almost like capital requires the prosperity of some to depend on the immiseration of others to maintain itself!
retirement income for 1.6 million California public sector union workers & their families do not materialize out of nothing.
that VC in some contexts has made itself (for the time being) indispensable for seniors who have little in the way of social safety nets, doesn't really blunt the critique of venture capital's function in society, let alone the point about public transit Sasha is making
I have basically always supported large-scale investment in public infrastructure/transit. That said, if you yourself were in charge of a large, complex system like MUNI, would you rather spend taxpayer $s on maintaining that system, or experimental, unproven skunkworks projects?
Could you imagine if SFMTA diverted funds away from the core system and spent it on unproven tech/services, where it is unclear if there is consumer demand for it -- what would the backlash from riders be? What would it be from taxpayers?
well, for one, we agree more large-scale investment is needed -- in a broad sense this is kind of like the question you asked about early childhood vs free college, in that it sets up a hypothetical tradeoff scenario. but ok, let's go with it
Twitter may be over capacity or experiencing a momentary hiccup. Try again or visit Twitter Status for more information.