I was really excited to open this thinking it would be a thought experiment on how to restart all of Google's services if they ever went down all at the same time. Was mildly disappointed to find that this was about starting the next Google.
According to Matt Levine's "Money Stuff" publication -- it was 60-80 cents on the dollar:
Hedge funds are offering to buy startups’ deposits stranded at Silicon Valley Bank for as little as 60 cents on the dollar, pitching expensive but crucial lifelines to founders unable to access their cash after the lender collapsed yesterday, people familiar with the matter said.
Firms better known for investing in distressed debt, including Oaktree, one of the people said, are fanning out to startups in the wake of the bank’s failure and seizure by the Federal Insurance Deposit Corp. on Friday. Its collapse left hundreds of startups — as well as the venture funds that backed them — unable to access their cash to meet payroll and other expenses.
Bids range from 60 to 80 cents on the dollar, the people said, reflecting a range of expectations for how much of the uninsured deposits — those that exceed the FDIC’s $250,000-per-customer cap — will ultimately be recovered once the bank’s assets are sold or wound down.
Speaking from personal experience the "there's no stigma in layoffs" bit is not always true. Many places have asked me why I was laid off upfront with an assumption that it was due to performance reasons unless I'm able to prove otherwise.
"Politics in the state is in many ways closed off to different ideas. We grew weary of California’s intolerant far left, which would rather demonize opponents than discuss honest differences of opinion."
I disagree with much in this article, but I do agree with this specific point. I've had many conversations in San Francisco that have turned me off from discussing politics.
It's very difficult for some to accept that others can have more moderate viewpoints on certain issues. Just because one doesn't agree with another to the extent they do doesn't mean there isn't a middle ground.
The whole point of a progressive tax system is to distribute wealth from the wealthy to the poor. A very small percentage of the population controls the vast majority of the wealth in this country. I'd argue that the wealthy (myself included) should be paying _more_ taxes.
With that said, in California, there's a lot of problems that can't be solved by simply throwing more money at it -- for instance, homelessness.
As someone that doesn’t own a home, I really do hope for a correction so housing is more affordable here in California.
While Californians are aligned on many things, in some ways your perspective on the housing situation depends a lot on whether you own a home or don’t.
If things stay their course I plan on renting indefinitely and moving to another state where prices are relatively affordable for my family.
Having grown up in the Bay Area, it’s a little disconcerting that I can’t afford to settle down here after moving back after college.
To me, FIRE is more about financial freedom, than early retirement. Having the ability to quit your job at any time is the ultimate leverage, and gives you the ability to choose work that fulfills you intellectually, without worrying about the financial consequences.
~10% general computing improvement is great, but I wasn't impressed by the progress made with Intel's new GT2 graphics architecture.
An incremental improvement to HD 4000 doesn't replace mid-range mobile graphics cards at all.
Considering that GT3 will only be available mostly in the quad-core configuration, this means mid-range laptops will still require power hungry graphics cards to run games reasonably.