Jason Green

“Bad data” keeps people in the U.S. justice system for longer than is sometimes necessary. This nonprofit is seeking to change that – improving public safety in the process.

Amazing leader and company. So many lessons learned from Peter and team over the years. Be the most strategic partner to your customers. Don’t be afraid to charge for the value you help create. Think about the broader stakeholders. His humility and intensity are legendary.

Learn from the coach that picked Steph Curry when others didn’t recognize his amazing talents with my friend @RicElias podcasts.apple.com/us/podcast/3-t…

Many solutions for a clean energy future will take time, but @GriffithSaul has a coherent plan to get us there with the tech we have *now*. In a few words: electrify everything. He charts the path, notes momentum, and shares precisely how we can help. link.chtbl.com/Ue1jsTs-

We had the opportunity to huddle up with @ValerieJarrett and @BarackObama to learn about what they are building at the @ObamaFoundation and share how @SlausonAndCo is advancing economic inclusion. bit.ly/slausonobama

The gov’t has about 48 hours to fix a-soon-to-be-irreversible mistake. By allowing @SVB_Financial to fail without protecting all depositors, the world has woken up to what an uninsured deposit is — an unsecured illiquid claim on a failed bank. Absent @jpmorgan @citi or @BankofAmerica acquiring SVB before the open on Monday, a prospect I believe to be unlikely, or the gov’t guaranteeing all of SVB’s deposits, the giant sucking sound you will hear will be the withdrawal of substantially all uninsured deposits from all but the ‘systemically important banks’ (SIBs). These funds will be transferred to the SIBs, US Treasury (UST) money market funds and short-term UST. There is already pressure to transfer cash to short-term UST and UST money market accounts due to the substantially higher yields available on risk-free UST vs. bank deposits. These withdrawals will drain liquidity from community, regional and other banks and begin the destruction of these important institutions. The increased demand for short-term UST will drive short rates lower complicating the @federalreserve’s efforts to raise rates to slow the economy. Already thousands of the fastest growing, most innovative venture-backed companies in the U.S. will begin to fail to make payroll next week. Had the gov’t stepped in on Friday to guarantee SVB’s deposits (in exchange for penny warrants which would have wiped out the substantial majority of its equity value) this could have been avoided and SVB’s 40-year franchise value could have been preserved and transferred to a new owner in exchange for an equity injection. We would have been open to participating. This approach would have minimized the risk of any gov’t losses, and created the potential for substantial profits from the rescue. Instead, I think it is now unlikely any buyer will emerge to acquire the failed bank. The gov’t’s approach has guaranteed that more risk will be concentrated in the SIBs at the expense of other banks, which itself creates more systemic risk. For those who make the case that depositors be damned as it would create moral hazard to save them, consider the feasibility of a world where each depositor must do their own credit assessment of the bank they choose to bank with. I am a pretty sophisticated financial analyst and I find most banks to be a black box despite the 1,000s of pages of @SECGov filings available on each bank. SVB’s senior management made a basic mistake. They invested short-term deposits in longer-term, fixed-rate assets. Thereafter short-term rates went up and a bank run ensued. Senior management screwed up and they should lose their jobs. The @FDICgov and OCC also screwed up. It is their job to monitor our banking system for risk and SVB should have been high on their watch list with more than $200B of assets and $170B of deposits from business borrowers in effectively the same industry. The FDIC’s and OCC’s failure to do their jobs should not be allowed to cause the destruction of 1,000s of our nation’s highest potential and highest growth businesses (and the resulting losses of 10s of 1,000s of jobs for some of our most talented younger generation) while also permanently impairing our community and regional banks’ access to low-cost deposits. This administration is particularly opposed to concentrations of power. Ironically, its approach to SVB’s failure guarantees duopolistic banking risk concentration in a handful of SIBs. My back-of-the envelope review of SVB’s balance sheet suggests that even in a liquidation, depositors should eventually get back about 98% of their deposits, but eventually is too long when you have payroll to meet next week. So even without assigning any franchise value to SVB, the cost of a gov’t guarantee of SVB deposits would be minimal. On the other hand, the unintended consequences of the gov’t’s failure to guarantee SVB deposits are vast and profound and need to be considered and addressed before Monday. Otherwise, watch out below.

#Choose Strength not Hate!

timeless

What an incredible ride it’s been. Innovating, growing, learning. Serving 4,500+ customers with #saleslove. Today marks another incredible milestone in our journey. We’re EXCITED to announce that David Obrand is our new CEO! bit.ly/3jUbjwM

Can’t imagine a better leader for the next chapter @Salesloft. Onward and upward!

Join me on Wednesday! Lessons Learned From Investing Early in Over a Dozen SaaS Unicorns Including Salesforce, SuccessFactors, Box, Gusto, SalesLoft, ServiceMax, Veeva, Bill.com, Doximity, Yammer and Zoom Among Others us02web.zoom.us/webinar/regist…

Congrats Bouyant! Proud to be an investor!

@levie So did you! :)

Zuck ended the recession

Emergence on Generative AI linkedin.com/posts/activity…

50% of people released from prison are arrested again. Read more about how the transportation industry is helping to lower that rate to just 2%. 🚚

Chatgpt is the Netscape browser of AI.

@staceyepstein @FreshworksInc That’s some serious moves! :)

And that's a wrap on @FreshworksInc Chennai GTM Kickoff. Awesome time with amazing people, and had a lot of fun with my walkup song. Thanks to my dancers! #thisisourtime

Amazing work @recidiviz Such a no brainer.