Serge Toarca
2.4K posts

Serge Toarca
@stoarca
CS @UWwaterloo grad. 2nd degree tkd black belt and ex-instructor. 2x ex-FAANG. Now 2x SaaS founder in Toronto and also building physical schools in Michigan.











My district is $18 trillion, nearly 1/3 of US stock market in a 50 mile radius. We have 5 companies with a market cap over a trillion dollar companies. If I can stand up for a billionaire tax, this is not a hard position for 434 other members or 100 Senators. Those saying that we wouldn't have a future NVIDIA in the Bay if this tax goes into effect are glossing over Silicon Valley history. Jensen was at LSI Logic and his co-founders at Sun. He started NVIDIA in my district because of the semiconductor talent, Stanford, innovation networks, and venture funding. We have 37 times the VC money as Austin given the innovation ecosystem & Florida isn't even on the map. Jensen wasn't thinking I won't start this company because I may have to one day pay a 1 percent tax on my billions. He built here because the talent is here. AI was created with our tax dollars. ImageNet was created by Fei-Fei Li at Stanford using NSF money. This was a visual database. Hinton presented at an ImageNet conference his famous paper. The seminal innovation in tech is done by thousands often with public funds. NSF, DARPA, Stanford, Berkley, San Jose State, Santa Clara and the UCs are the foundation for what has made Silicon Valley a powerhouse. It's why we won 5 Nobel Prizes this year in the UC system. Yes, we need entrepreneurs to commercialize disruptive innovation. Stanford blazed a trail in licensing technology & partnering with the private sector. The university enabled companies like Google which began as a research project called BackRub, looking at back links to rank pages. And entrepreneurs like Brin & Page reap huge rewards when they succeed. But the idea that they would not start companies to make billions, or take advantage of an innovation cluster, if there is a 1-2 percent tax on their staggering wealth defies common sense and economic theory @paulkrugman @DAcemogluMIT @baselinescene. We cannot have a nation with extreme concentration of wealth in a few places but where 70 percent of Americans believe the American dream is dead and healthcare, childcare, housing, education is unaffordable. What will stifle American innovation, what will make us fall behind China, is if we see further political dysfunction and social unrest, if we fail to cultivate the talent in every American and in every city and town. The industrial revolution saw soaring inequality in Britain for nearly 60 years. On the continent, it lead to revolutions in France with worker uprisings (1848) and contributed to one in Russia (1917). America's central challenge is to make sure the AI revolution works for all of us, not just tech billionaires. So yes a billionaire tax is good for American innovation which depends on a strong and thriving American democracy.














I have never shared this publicly out of fear, but I was actually passed over for a job at Stripe in 2019 because I looked at the male interviewer instead of the female interviewer when I asked a follow-up question in my onsite interview. I wish I could say I was joking, but I'm not: this was the actual feedback I received. I only got this information because I was friends with several folks high up at Stripe, but if it weren't for that I'd have had 0 information why communication with my recruiter completely stopped and I didn't get the job. The reason it wasn't an *immediate* "no" is that there was quite a lot of disagreement internally since I performed very well technically. The problem was a "cultural" one. In one interview, they gave me the codebase of an actual open source project and asked me to both identify a specific bug and fix it in 45 minutes. I completely finished it. Apparently that was quite rare; basically never happened. (Aside: I don't know if they still do this interview anymore but it was really fun). Anyways, it's water under the bridge, and I'm over it, but until that happened I had no idea what had happened with regards to DEI in big tech. Through that point I'd been self-employed so completely shielded myself. It was a real wakeup call to me.




