A teammate visiting San Francisco for an offsite called me frantically last night. After dinner at Fisherman’s Wharf they came back to a smashed car window and 2 stolen backpacks. $10K in gear lost, passports gone, etc. #SanFrancisco
“Laptop bags were in the trunk, nothing visible from the street”, a typical description of a smash & grab, yet thieves were able to find the specific car and knew to pull the rear seat down and reach into the trunk… how?
I explained, “these aren’t homeless ransoming smashing windows. These are professionals using blue tooth scanners to find laptop bags. And idle iPad, Bose headphones, etc all emit Bluetooth”
“And let me guess, it was the rear window facing the street, because thieves drive up to the car, open their door, then smash+grab. A witness must be directly behind the thieves RJ see anything, all other views are blocked”
My teammate said his companion was on the phone with the police, to which I said, “they don’t care. Maybe they’ll show up in a few hours, they’ll likely make you go to the station, but this happens thousands of times per week”
So now I need to include a pre-visit security brief to people traveling San Francisco. This is a big reason I’m hesitant to open an office in the city versus keeping a remote team and occasionally meeting up at a location to whiteboard
And my teammates will be scarred forever, being robbed hits you at your core, especially when it’s thousands of dollars of loss. There is no downtown recovery without an aggressive push for safety @LondonBreed
The next mayor will win by running on a simple platform: 1, safe neighborhoods; 2, Clean Streets; 3, great public schools
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in 2022 the VC fundraising climate soured, with valuations dropping 50%+
rather than fundraise and take a huge dilution hit, founders of well-performing companies cut their expenditures, invested in top-line growth, and opened a line of credit (usually at SVB)