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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. Kim-Mai Cutler‏Verified account @kimmaicutler 24 Oct 2019
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      Kim-Mai Cutler Retweeted Zak Kukoff

      The scary thing about the current tech boom is that it took the current tech boom just to *run in place* against SF’s unfunded pension liabilities. https://www.google.com/amp/s/www.sfchronicle.com/bayarea/amp/SF-taking-steps-to-avoid-projected-future-budget-13509714.php …https://twitter.com/zck/status/1187491641478664193 …

      Kim-Mai Cutler added,

      Zak KukoffVerified account @zck
      Stripe leaving SF should be a wake up call 1/ 🤑 → SF loses benefits from jobs and yet keeps housing pressure from employees. Crisis gets worse 2/ ⚰️ → Prop M’s construction cap, a hostile SF Board of Supes, and Prop C’s gross receipts tax make some business growth impossible
      8 replies 36 retweets 185 likes
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    2. Kim-Mai Cutler‏Verified account @kimmaicutler 26 Oct 2019
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      Because of the California rule, which protects already-awarded pension plans from renegotiation, cities can only either raise tax revenue or cannibalize existing services to keep up with liabilities. https://www.google.com/amp/s/amp.sacbee.com/news/politics-government/capitol-alert/article236610128.html …pic.twitter.com/w0WT2TvkVr

      4 replies 3 retweets 33 likes
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      Kim-Mai Cutler‏Verified account @kimmaicutler 26 Oct 2019
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      So if SF’s economy doesn’t grow as fast as it did over the last decade, boosting the city budget from ~$6 to 12B (which also created lots of other negative impacts around displacement), it will have to cut services substantially.

      9:24 AM - 26 Oct 2019
      • 4 Retweets
      • 45 Likes
      • Jake Larkin 🦠 joe miller micah.fyi Uma Chingunde Tim Rooney Bobak Esfandiari 🥑 Sar Haribhakti Alex Russell foxgrrl
      6 replies 4 retweets 45 likes
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        2. If you meet 60+-year-olds, quarantine like one‏ @poiThePoi 26 Oct 2019
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          Replying to @TommyStark @kimmaicutler

          I think you mean Wisconsin-bound as well as Detroit-bound. /Also Jersey-bound, CT-bound, Chicago-bound...

          0 replies 0 retweets 0 likes
        3. End of conversation
        1. New conversation
        2. Keith Rabois‏ @rabois 26 Oct 2019
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          Replying to @kimmaicutler

          Wait until people realize how much of the state budget depends on the cap gains from startups millionaires and billionaires.

          3 replies 3 retweets 72 likes
        3. Sar Haribhakti‏ @sarthakgh 26 Oct 2019
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          Replying to @rabois @kimmaicutler

          SF comes close to being the city version of Softbank funded mismanaged startup!

          1 reply 1 retweet 19 likes
        4. 1 more reply
        1. Kyle Jung‏ @kjthoughts1 26 Oct 2019
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          Replying to @kimmaicutler

          Sounds like a definitional downward spiral

          0 replies 0 retweets 0 likes
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        1. Dalton‏ @irDalton 26 Oct 2019
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          Replying to @kimmaicutler

          The rise in municipal budgets isn’t a sign of revenue growth; it’s a sign of expenditure growth. SF could technically reap revenue windfalls and keep the budget flat. Unlike for profit entities, municipal performance are not judged by projected revenues.

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        1. Francis Jervis‏ @f_j_j_ 26 Oct 2019
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          Replying to @kimmaicutler

          What about the role of pension funds as LPs? How much did they directly benefit from investments in the same companies?

          0 replies 0 retweets 0 likes
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        1. Directive 10-289‏ @wokecm 26 Oct 2019
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          Replying to @kimmaicutler

          Do we think it’s more likely they will cut services or raise taxes 🤔

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