Every neighborhood in San Francisco except 2 has seen a steep decline in tax revenue this year. The denialists will say it's because retail patterns have changed. I used to believe that. But it's bullshit. It's all about homelessness and public safety. And there's proof. 🧵 The @sfchronicle ran a story yesterday with data showing tax revenue breakdowns by neighborhood. With the exception of J-town and the Presidio every neighborhood has declined.

San Francisco is run by a professional political class. The means too many of our elected leaders have never had a real job. As a result, policy is decided within what I call "The City Hall Bubble." Let's dig in. 🧵 How many Supervisors were legislative aides before getting elected? How many started off on a school board or as a union or community organizer as their first "real" job before moving up the political ladder? How many actually ran a business or worked in the private sector?

Did you know San Francisco spends $2 million a year on a "Managed Alcohol Program?" It provides free Alcohol to people struggling with chronic alcoholism who are mostly homeless. I stumbled upon the building where they have this program. This is what I saw.🧵 The location is an old hotel in SOMA. Inside the lobby, they had a kegs set up to taps where they were basically giving out free beer to the homeless who've been identified with AUD (Alcohol Use Disorder).

San Francisco has had a consistent homeless problem for years. According to the data, homeless counts have been relatively static since 2013. Why then, has it become the #1 issue only now? Let's find out. 🧵 San Francisco mayors going back to Dianne Feinstein have tried to "solve" homelessness. From shelters and housing (Agnos), to the "Matrix" program, (Jordan) to "Care not Cash" (Newsom), to creating the department of homelessness and supportive housing (Lee), to "spend billions" (Breed). None of it has worked. Why?

How did San Francisco squander the greatest economic boom in its history? People like to blame the "tech boom" for the current situation the city finds itself in. But is it tech's fault? Let's look at some data from 2010 to present and find out what actually happened. 🧵 Over the past decade +, San Francisco's GPD grew every year including the pandemic years. Fueled by the "tech boom," The city collected billions of dollars in taxes, gross receipts, rents and enjoyed some of the lowest unemployment rates in the country.

Mike Maples is a superstar in the VC scene.

He's been on the Midas List eight times, has taken two companies public, and was an early investor in Twitter, Lyft, & Twitch.

But @m2jr's path to greatness was filled with doubt & uncertainty.

Here's his story: In 2006, seed funds weren't really a thing.

But Mike knew that was about to change.

Founders could prove/disprove their idea quickly w/little cost.

The startup world needed a "Super Angel," so Mike set out to address this gap with 'Maples Investments'

forbes.com/sites/petercoh…

Imagine being young, unemployed, with the economy shut down.

Oh, and you have a kid on the way, too.

For @packyM, this was the likely reality of choosing to go full-time writing a free newsletter at the beginning of COVID. But Packy made a huge bet on himself, went all-in on a newsletter with 400 subscribers, and found more success than he ever could have imagined.

Packy's newsletter 'Not Boring' is now the #1 Business newsletter on Substack with 187,000 subscribers. notboring.co

I've spoken with hundreds of managers in 2022.

Here are 10 things I've noticed about why so many managers feel out of control, burned out, exhausted, and isolated at work: 1/ It's really hard to see what's going on across a remote team.

Managers don't have the visibility and control they need to ensure their own and the team's performance.

Coinbase cites decision-making and removing meetings as key to operating efficiently at scale:

[a tl;dr thread 🧵] After 18 months of ~200% y/y employee growth, many of Coinbase's internal tools and organizing principles have started to strain or break.

The company has been digging in to identify the set of changes they need to make to succeed at their new scale.

Managing a remote team isn’t that different from managing a team in the office. You’re still handling a group of humans trying to get stuff done.

Here are 5 common mistakes managers make when leading remote teams: 1/ Lacking intentional culture plans

The mistake is forgetting how transactional remote work can be.

Not having intentional strategic and tactical plans to make sure the culture and human interactions that produce creativity aren't missed is a big mistake.

Tip of the day - make sure your employees know they're replaceable.

Nothing lights a fire like knowing you can't make rent or feed your family.

A few other tips that have worked wonders for me: Spend more time on Twitter.

Your employees don’t need leadership.

They need motivation, and we all know the best place to find that.

The best fundraisers are often the best salesmen.

They know how users think, and they know what story to tell.

An user-guide to mastering the art of fundraising: Understand how VCs make fundraising decisions.

"Make investments that will return the fund."

Even if every other investment fails, they can return their LP's money if just one investment returns 100x+.

Math: Raise $10m fund. Make $100k investment. Get 100x return. Return fund

My team spoke with thousands of startup leaders this year about what's next for the future of work.

This is what they said to expect in 2022.

[ a thread ] 🌎🔮🌐 The Great Resignation will continue––and workers will flock to remote-first, people-first companies.

cc: @pandiyasid @getkona

https://twitter.com/AlmanacDocs/status/1476227820154097666

Being a CEO is the dream of a lifetime for me. I care deeply about being a great one. My goal is to earn and retain my team's trust and respect—and for my team to earn and retain mine.

almanac.io/docs/ceo-user-… But trust doesn't just happen on its own. It requires work and transparency. Towards that end, I decided to write and open source a CEO user guide to working with me.