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kimmaicutler's profile
Kim-Mai Cutler
Kim-Mai Cutler
Kim-Mai Cutler
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@kimmaicutler

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Kim-Mai CutlerVerified account

@kimmaicutler

Partner at @initialized. Previously @techcrunch. When life hands me lemons, I make tarte au citron.

San Francisco
medium.com/initialized-ca…
Joined April 2008

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    1. Sasha Perigo‏ @sashaperigo 15 Apr 2019
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      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,

      Joe Fitzgerald RodriguezVerified account @FitzTheReporter
      BREAKING: #SF e-scooters ridden mostly by white men earning > $100,000 annually, @sfmta_muni data reveals. Now the agency will only let @ScootNetworks & @SkipScooters double fleet sizes if they recruit more people to their low-income programs. More: https://sfex.news/2UELWkw  pic.twitter.com/rMfy4u5kBI
      9 replies 17 retweets 112 likes
      Show this thread
    2. Sasha Perigo‏ @sashaperigo 15 Apr 2019
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      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... 😭

      5 replies 31 retweets 171 likes
      Show this thread
    3. Kim-Mai Cutler‏Verified account @kimmaicutler 15 Apr 2019
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      Replying to @sashaperigo

      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

      2 replies 0 retweets 4 likes
    4. Kim-Mai Cutler‏Verified account @kimmaicutler 15 Apr 2019
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      Replying to @kimmaicutler @sashaperigo

      I guess they could put it into public transit, which generally loses money.

      4 replies 0 retweets 1 like
    5. Kim-Mai Cutler‏Verified account @kimmaicutler 15 Apr 2019
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      Replying to @kimmaicutler @sashaperigo

      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 …

      2 replies 2 retweets 7 likes
    6. nancy pelosi's endorsements guy 🌹‏ @uhshanti 15 Apr 2019
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      Replying to @kimmaicutler @sashaperigo

      almost like capital requires the prosperity of some to depend on the immiseration of others to maintain itself!

      1 reply 0 retweets 3 likes
    7. Kim-Mai Cutler‏Verified account @kimmaicutler 15 Apr 2019
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      Replying to @uhshanti @sashaperigo

      retirement income for 1.6 million California public sector union workers & their families do not materialize out of nothing.

      1 reply 0 retweets 10 likes
    8. nancy pelosi's endorsements guy 🌹‏ @uhshanti 15 Apr 2019
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      Replying to @kimmaicutler @sashaperigo

      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

      1 reply 0 retweets 4 likes
    9. Kim-Mai Cutler‏Verified account @kimmaicutler 15 Apr 2019
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      Replying to @uhshanti @sashaperigo

      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?

      1 reply 0 retweets 1 like
      Kim-Mai Cutler‏Verified account @kimmaicutler 15 Apr 2019
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      Replying to @kimmaicutler @uhshanti @sashaperigo

      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?

      3:15 PM - 15 Apr 2019
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      • Theo, Yes on Prop 15 this November 🍍Tommaso Sciortino🥑 Hunter Owens William Fitzgerald jessica jin
      2 replies 0 retweets 5 likes
        1. New conversation
        2. nancy pelosi's endorsements guy 🌹‏ @uhshanti 15 Apr 2019
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          Replying to @kimmaicutler @sashaperigo

          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

          1 reply 0 retweets 3 likes
        3. nancy pelosi's endorsements guy 🌹‏ @uhshanti 15 Apr 2019
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          Replying to @uhshanti @kimmaicutler @sashaperigo

          if the point is that VC $, not public funding, is ideal to absorb the risk from untested transit technologies that might go bust: presumably once the transit is tested, if it becomes integral to a city's infrastructure as a last-mile solution, it should be a municipal service

          1 reply 0 retweets 3 likes
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        2. nancy pelosi's endorsements guy 🌹‏ @uhshanti 15 Apr 2019
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          pic.twitter.com/sdFpasl5H4

          0 replies 0 retweets 0 likes
        3. End of conversation
        1. New conversation
        2. 𝔇𝔞𝔯𝔯𝔢𝔩𝔩  🍫 𝔒𝔴𝔢𝔫𝔰‏ @IDoTheThinking 15 Apr 2019
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          Replying to @kimmaicutler @uhshanti @sashaperigo

          No need to waste funds on unproven tech. The ideas and infrastructure concepts are there, but the means to finance it arent. At least with an uninspired DoT.

          2 replies 0 retweets 1 like
        3. ellen teapot  🗽 🏳️‍⚧️‏ @asmallteapot 15 Apr 2019
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          Replying to @IDoTheThinking @kimmaicutler and

          The federal government and BART District built Muni a subway to spec, which they are all but completely unable to operate.

          1 reply 0 retweets 1 like
        4. 1 more reply

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