Prateek
1.4K posts

Prateek
@prateekdhakra
Director of Product @Twilio , obsessed with data, solving problems. @Columbia_Biz, aircraft designer @gulfstream

High skilled immigration has been central to America leading the world in tech. The biggest misunderstand about high skill immigration stems from people thinking that the market opportunities in tech, and tech-adjacent fields, are zero sum. This essentially imagines innovation is finite and we’re all fighting over the same job or opportunity pool. This may be true of a few very legacy, slow growth industries, but it’s categorically not true for any important industry in the past 50 years or the next 100. Biotech, AI, advanced manufacturing, software, EVs, new energy sources, and dozens of other fields of the future are our high growth industries. And there’s no inherently fixed volume of companies or talent that the market needs. Tesla being started or not started in America is the difference between 100,000’s of jobs here - and leading in EVs globally - and not. Apple being started here is the difference between potentially millions of jobs being here - and leading consumer electronics globally - and not. You could go through this list all day long. Tech is not zero sum. More startups, pursuing more ideas, ultimately create more innovation and ultimately more jobs and prosperity. And that means you need the right talent to both work at these companies, and start the next ones. High skilled immigration has directly made America dominant technically and thus economically, and create far more jobs in America for others than are supposedly displaced. Even briefly imagining the alternative scenario, it’s obvious how disastrous this would be. The demand from tech companies for this top talent will remain, yet America won’t benefit directly from their hiring. That talent will go to another company that competes with the US and makes our dominance harder to maintain. You’re just increasing the odds you have more competition in the future. And even in the “best case” scenario (for our competitiveness) where a larger company like Google hires the same people internationally that would have otherwise moved here, when that person leaves Google to start their next company, it will be in their country of origin, not America. This is how you lose the tech war within one or two generations. There’s simply no good game theory in anything that reduces our talent access. Yes, we absolutely have and need to continue to educate and train incredible talent that grows up in the US, but equally having access to the world’s smartest talent has always been a huge advantage for America.





We’re happy to announce that we raised a $2.8M Pre-Seed round! Investors include @LongHashVC, @_inceptioncap, @protocollabs, @trgcapi, @l2iterative, Zero Knowledge, @fenbushi, Quaker Capital, @OrangeDAOxyz, @CapitalZephyrus, and @EV3ventures! 👇


"LLMs allow whole categories of manual processes to be automated in ways that weren’t possible until recently. Where there’s linguistic ambiguity or some amount of subjective evaluation needed, LLMs come into their own." @t_blom


Funding announcement day 🚀 -- I'm thrilled to announce that @TRVentureCap is investing in @truewindai axios.com/pro/fintech-de… 🔥 @ShenLucinda @axios covered our seed announcement just four months ago. Naturally, we wanted her to cover the exclusive of our latest story. 📇 In 1952, IBM released its first large computer and accountants are amongst the first to use them. And yet, 70 years later, accounting remains an unsolved problem. The process is slow, error prone, and quite frankly, confusing. ⛵️ We are empowering the accounting industry using artificial intelligence and large language models. With an AI copilot, we are unlocking accountants and financial analysts to become true partners to their business unit counterparts. 🏔️ This partnership marks another step towards that vision. Thomson Reuters, with their expertise and leadership in accounting, combined with their proven track record of partnering with early stage companies made them a perfect fit for Truewind. Welcome Joseph Dormani and @thomsonreuters to the Truewind family! It’s been a joy to partner with you and I’m thrilled for the work we will do together. More details to come in a blog next week. #ai #generativeai #accounting #fintech





Super excited to announce Construct - a new way for people to build and share software using only their words. We're opening up our closed beta to the public today. Please sign up at useconstruct.ai for early access :)






