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- Stripe - A Lesson for Startup Employees, Ugly Lessons from SVB, a Deep Dive on Data, and a Full Breakdown of GPT-4
Stripe - A Lesson for Startup Employees, Ugly Lessons from SVB, a Deep Dive on Data, and a Full Breakdown of GPT-4
Social Leverage Letter | Issue #81
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Founders can learn a lot from the recent funding round for Stripe and its impact on employee equity. Vieje Piauwasdy from Secfi provides multiple scenarios for a Stripe employee selling their shares in the upcoming tender offer, including the tax implications and potential payouts. Employees should evaluate their cash needs and financial goals before deciding whether to sell or wait for an IPO.
The collapse of Silicon Valley Bank has many lessons that can be learned from it. The bank misjudged the risks of higher interest rates and inflation, leading to a mini tech downturn and a bank run. The debacle highlights some of the hypocrisy of the startup culture, which was exposed as careless with money, clueless in judgment, and ruthless in exercising political clout. Many have, and will continue to question the wisdom of storing all assets in uninsured accounts in a single bank.
Psychologist Anna Akbari encourages us to reflect on own personal transformations over the past three years amidst societal changes caused by the pandemic. She suggests taking stock of social ties, heroic feats, new elements, things let go of, and new aspirations. Akbari emphasizes the importance of focusing on personal growth and taking big swings in life to help us find more satisfying alternatives.
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