@DrPhilGoff @RepKatiePorter 1) 2 extraordinarily important thinkers, who also know how to implement: @DrPhilGoff (Prof at @Yale & founder/head of @PolicingEquity) & @RepKatiePorter. In the decade since we last redistricted US Congress, police have killed at least 1 person in every one of the 435 districts
@DrPhilGoff @RepKatiePorter @Yale @PolicingEquity 2) We've lost political will to legislate national protections against violent racism: "The George Floyd Justice in Policing Act—which would ban chokeholds, restrict the use of no-knock warrants & make some officers personally liable in civil court-remains stalled in the Senate"
@DrPhilGoff @RepKatiePorter @Yale @PolicingEquity 3)The #EmmettTill "Anti-lynching legislation (the 14-year-old Black boy whose horrific 1955 murder roused America’s racial consciousness), still isn't law...cynicism about Congress’s willingness&ability to solve an issue like police violence is not only fashionable but rational"
@DrPhilGoff @RepKatiePorter @Yale @PolicingEquity 4) "Congress can't end police violence, but can give localities the data, funding + expertise to begin solving a national problem." It's time to pass @RepKatiePorter's H.R.1368 - Mental Health Justice Act of 2021
congress.gov/bill/117th-con…
@DrPhilGoff @RepKatiePorter @Yale @PolicingEquity 5) The #MentalHealthJusticeAct, introduced in the House by @katieporteroc "would create a national grant program to pay for first responder units made up of mental health providers on the local level." This is a rational & excellent response to our mental health crisis
@DrPhilGoff @RepKatiePorter @Yale @PolicingEquity @katieporteroc 6) For 911 calls due to a "mental health crisis, these units would act as an emergency response team. Their goal would be to defuse the immediate crisis & serve as a gateway to resources such as counseling, substance abuse treatment and housing assistance." DATA supports this!
@DrPhilGoff @RepKatiePorter @Yale @PolicingEquity @katieporteroc 7) "The @RudermanFdn estimates that anywhere from 1/3rd to 50% of all police uses of force involve a civilian living with some kind of disability (mental or physical)." 2016 report: rudermanfoundation.org/wp-content/upl…
@DrPhilGoff @RepKatiePorter @Yale @PolicingEquity @katieporteroc @RudermanFdn 8) "According to a database maintained by @washingtonpost, nearly 1/4th of people killed by police since 2015 have had CONFIRMED signs of mental illness." (updated 7/2/21) washingtonpost.com/graphics/inves…
@DrPhilGoff @RepKatiePorter @Yale @PolicingEquity @katieporteroc @RudermanFdn @washingtonpost 9) "surviv[ing] mental health police encounters, often leads to minor criminal charges. Every year, that involvement crowds tens of thousands into jail&prison systems that exacerbate rather than treat their illnesses" @TreatmentAdvCtr Report (2016) treatmentadvocacycenter.org/evidence-and-r…
@DrPhilGoff @RepKatiePorter @Yale @PolicingEquity @katieporteroc @RudermanFdn @washingtonpost @TreatmentAdvCtr 10) @RepKatiePorter's "Mental Health Justice Act is based on the uncontroversial idea that having a mental health crisis is not a crime; badges&guns are not treatment solutions. cc @SaraWatkins @seancwatkins open.spotify.com/track/3HBtfi7Z…
@DrPhilGoff @RepKatiePorter @Yale @PolicingEquity @katieporteroc @RudermanFdn @washingtonpost @TreatmentAdvCtr @SaraWatkins @seancwatkins 11)"@dataforprogress @theappeal's nat'l poll: 70% of likely voters support federal grants for programs that send 'responders w/proper training&expertise instead of armed police officers” to calls for mental health crises, substance abuse issues, homelessness or safety check-ins"
@DrPhilGoff @RepKatiePorter @Yale @PolicingEquity @katieporteroc @RudermanFdn @washingtonpost @TreatmentAdvCtr @SaraWatkins @seancwatkins @dataforprogress @theappeal 12) Here's a link to that national poll (2021) showing "86% of likely voters: 96% Dems, 82% of independents, 78% of @GOP, said it was important for lawmakers to take strong action to change policing practices to prevent police using unnecessary force"
theappeal.org/the-lab/pollin…
@DrPhilGoff @RepKatiePorter @Yale @PolicingEquity @katieporteroc @RudermanFdn @washingtonpost @TreatmentAdvCtr @SaraWatkins @seancwatkins @dataforprogress @theappeal @GOP 13) Prof @DrPhilGoff @katieporteroc cite Denver & Chicago. Denver implemented 911 ability to route for mental health (not police) support, resulting in "748 calls without a single use of physical force or call for armed backup." Source: wp-denverite.s3.amazonaws.com/wp-content/upl…
@DrPhilGoff @RepKatiePorter @Yale @PolicingEquity @katieporteroc @RudermanFdn @washingtonpost @TreatmentAdvCtr @SaraWatkins @seancwatkins @dataforprogress @theappeal @GOP 14) "By contrast, one 2010 study found that the police in Chicago responded to 868 mental health crises in a single month, resulting in injury to 51 people." Source: ncbi.nlm.nih.gov/pmc/articles/P…
@DrPhilGoff @RepKatiePorter @Yale @PolicingEquity @katieporteroc @RudermanFdn @washingtonpost @TreatmentAdvCtr @SaraWatkins @seancwatkins @dataforprogress @theappeal @GOP 15) 🙏@PolicingEquity @DrPhilGoff @RepKatiePorter for doing the hard work. Now that they've laid out the data & proposed new law, what will Congress do? "In a nationwide @Gallup poll last summer, only 6% said that 'no changes' to policing were needed." news.gallup.com/poll/315962/am…

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More from @EdGrapeNutZimm

27 Jun 20
my friend @lolitataub asked for a #founders #startup guide on #legalissues & @paulbz tweeted about how founders often overlook tax issues in early days. So, here's a thread of things I've published in (far reaches of) @WSJ @Forbes & via my #VentureCapital class @Columbia_Biz
2) Let's start with #StockOptions: #VestingOptions for #startups in @WSJ Accelerators (might have paywall) - esp for grants to advisors blogs.wsj.com/accelerators/2…
3) Vesting stock grants & #Section83b #83bElections for founders & others (with detailed math + tax law) #restrictedStock
forbes.com/sites/edwardzi…
Read 31 tweets
22 May 20
@Trace_Cohen @ankurnagpal 1) So the concept of "extremely founder friendly terms" is great in an up market. See course in "life during recessionary pandemic with 38M unemployed"
@Trace_Cohen @ankurnagpal 2) what if there's actually some complexity to some of this? What if it actually requires judgment & some customization? What if, maybe, you shouldn't get to keep the board seat forever - like if you stop performing...even if you founded the company?
@Trace_Cohen @ankurnagpal 3) what if corporate governance matters (I remember when funds started always voting with founders, even when they knew the founders were doing something wrong)
Read 14 tweets
17 May 20
1) "Federal Reserve developed the #MainStreetLending Program to help credit flow to small and medium-sized businesses that were in sound financial condition before the pandemic."
2) after initial announcement of #MainStreetLending Program, Fed Reserve expanded it to: Create a 3rd loan option, w/increased risk sharing by lenders for borrowers with greater leverage &
Lowered the minimum loan size for certain loans to $500,000
federalreserve.gov/newsevents/pre…
3) this resulted in 3 loan (🍕) options: plain, pepperoni & mushroom: "termed new, priority, & expanded" 4 year loans:
New: $500K Minimum Loan Size
Priority: Ditto
Expanded: $10M Minimum Loan Size & up to a TON!
Read 38 tweets
12 Apr 20
1) On Friday @IRSnews issued NEW #FAQs resolving whether an employer that receives a #PPP #Loan may defer Employer portion of #socialSecurityTaxes under #CARESAct irs.gov/newsroom/defer…
2) Employers receiving #PPPloans may not defer the deposit&payment of the Employer share of #SocialSecurity tax "otherwise due AFTER the employer receives a decision from the lender that the loan was forgiven." #IRSFAQ #1
3) The deferral applies to deposits&payments of an Employer's share of #SocialSecurity #tax that would otherwise be required to be made during the "Payroll Tax Deferral Period" (March 27 through December 31, 2020). #CARES #Section2302 @IRSnews #FAQ 2
Read 9 tweets
4 Apr 20
@bijans @trevorloy So, a few things:
1) we've been saying that the analysis is 301(f), not full 103. That's important because 301(f) = way better for Venture-backed #startups seeking #SBALoans. See @Forbes forbes.com/sites/edwardzi…
@bijans @trevorloy @Forbes 2) Treasury's release from last night confirms this understanding of the plain language of the #affiliationRules applied to #PPP for #SBALoans under #Section7a (cc @DougBernstein who shared our view/analysis from early on)
home.treasury.gov/system/files/1…
@bijans @trevorloy @Forbes @DougBernstein 3) Here's how we read the language @trevorloy quoted (we start with 301(f) (as per what we published last Monday) lowenstein.com/news-insights/… cc @LowensteinLLP
Read 12 tweets
14 Mar 20
@schlaf @GundersonLaw 1) Not sure where that stat comes from. Having signed term sheets for A Rounds in NYC the day before 9/11, there was not a minute of lag time there. Slight delay in 2008. Slight delay in March 00. There's often a pause to recalibrate
@schlaf @GundersonLaw 2) we are seeing founders dig in on terms in some instances and we'll see how that plays out. Elsewhere, we're also seeing lots of inside-led rounds, whether convertible notes, SAFEs or straight equity
@schlaf @GundersonLaw 3) if the past is prologue, many funds will do sweeps of their portfolios to determine which portfolio companies Coronavirus will hurt, leave unimpacted, and which will thrive from it (i.e., Zoom). They will then make funding decisions along those lines.
Read 10 tweets

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