Michael Savino
2.1K posts

Michael Savino
@msavino
Wino, Technology Entrepreneur, Angel Investor...





As you go to work today and settle into the week, please study the form below. You will soon need to fill this out EVERY year and tell the government what you own and then allow them to tell you how much its worth. That is the framework that is enabled by the Trojan Horse "Billionaire Tax" that is trying to get passed. Give them credit: they cleverly use Billionaires as the hook, but build in the language and the framework that will allow the Legislature to simply extend the tax to everyone and make it yearly. And this is where the form below comes in... In this case, ask yourself, will it be you or the Billionaires that will be able to fill this out properly and avoid penalties. As much as Billionaires can be pushed to do more for society, we all know that they have the infrastructure to manage these kinds of disclosures...middle class Californians do not and they will be the ones that get penalized in the end.


We're hiring four recent graduates (or folks looking to make a career change) for the world's best VC training program. Tuition: $0 You'll work 60 hours a week, get paid what you would have spent on your MBA tuition and learn more than you can imagine -- unless you quit because you can't handle the pace. You start as a researcher Then you become an analyst ... and 1.5 in three make it to associate You need to: 1. Be a learning machine 2. Have high executive function 3. Be extremely focused and curious 4. Be able to work 12 hours a day for our founders We accept < 1% of applicants, we don't care about how fancy your degree is, we love folks from @UTAustin, and we love folks with a chip on their shoulders Four slots, program starts in May/June... email a cover letter on why you want to be a venture capitalist, what skills you currently have and give us some examples of your work ethic... ... because 80% of VCs are lazy AF, and you can beat them by simply showing up for work and doing 10-12 hours a day and checking your email on the weekends. Not kidding... these VCs are all calling in rich and skiing in Japan. They don't really do much work. researchers@launch.co [ samurai/jedi only ]


Autonomous delivery at $2 with no tip is not a product improvement. It is a category collapse. The QSRs, grocery stores, and retailers who get on the right infrastructure now will not just survive this shift. They will own it. 👉 goautolane.com #AutonomousCommerce









New York is about to make a massive mistake. The NY State Senate is advancing a proposal to decouple from federal QSBS (Section 1202) — the tax provision that lets startup founders exclude gains on qualifying exits. If this passes, founders would owe 10-13% in combined state and city tax on exits that are tax-free at the federal level and in nearly every other major tech state. Even worse: it's retroactive to January 1, 2025. This comes right as the federal government just expanded QSBS benefits and New Jersey moved to full conformity. New York wants to go in the opposite direction. As a seed investor in NYC who has backed hundreds of companies, I can tell you: founders are mobile. If New York becomes one of the most punitive states for startup exits, the best founders will simply build somewhere else — and the jobs, tax revenue, and innovation will follow. NYC has built something special over the last two decades. This proposal puts it all at risk for a short-sighted revenue grab. If you're a founder, investor, or anyone who cares about the NYC tech ecosystem — please sign the TechNYC open letter before Monday below 👇🏾👇🏾👇🏾 Keep building, NYC 🗽


