Do start ups offer a better alternative than Google for a fresh engineer, data analyst or designer? Are start ups attracting good talent?
March 2, 2020
6:00 PM – 8:00 PM EST
29 Little West 12th Street
New York, NY 10014
About this Event
Business expansion, Start Ups & high paying jobs in New York
Speakers: Moderator William Cohan, NY Times best selling author and former Wall Street banker. (https://williamcohan.com/) Panelists: Ahmed Elsamadisi founder Narrator. AI (https://www.narrator.ai/about-us) former chief data scientist at WeWorks; Stefanie Shelley, an Advisor, Board Director and former JP Morgan executive (https://www.linkedin.com/in/stefanieshelley/) and Navi Singh, head of technology at Antler.co (httpd://www.antler.co/). Introduction by Christine Loomis, a Senior Consultant with Lee Hecht Harrison. ( http://www.christineloomis.com/about-us/)
Attracting good talent, mainly through financial incentives, is key to the growth of start ups as well as large companies. Salaries at Wall Street firms have dropped sharply: In 2018, the compensation per employee at Goldman Sachs was 61% lower than in 2007; and at Morgan Stanley, about 40% lower. (https://www.bloomberg.com/news/articles/2019-09-16/wall-street-s-pay-slump-since-the-crisis-is-led-by-goldman-sachs). Also Bank of America and other major banks, as well as ad agencies and retailers, are cutting jobs.
Meanwhile Google, Facebook and Amazon, armed with $500 billion dollar plus valuations, are adding jobs in New York. Yet, from 2005 to 2017, only 7100 innovative jobs, requiring advanced skills and with high pay. were created in the New York City region, ranking it behind Madison WI, Raleigh, NC and Denver, CO.
Also, are the jobs with big tech companies in New York sustainable over the long term? Are those eagerly taking such jobs making a career mistake: good salaries for a few years selling, marketing, analyzing and performing small tweaks to systems developed by Ph.D’s in Silicon Valley; but learning few advanced skills; and, in a few years, being sacked as their skills are made obsolete by AI systems and technological changes?
Do start ups offer a better alternative for a fresh engineer, data analyst or designer? Are start ups attracting good talent or will they have to wait for the next recession?
William D. Cohan, (https://williamcohan.com/)former investment banker for 17 years at Lazard Frères & Co., Merrill Lynch and JP Morgan Chase, is the New York Times bestselling author of three non-fiction narratives about Wall Street: Money and Power: How Goldman Sachs Came to Rule the World; House of Cards: A Tale of Hubris and Wretched Excess on Wall Street; and, The Last Tycoons: The Secret History of Lazard Frères & Co., the winner of the 2007 FT/Goldman Sachs Business Book of the Year Award. His other books: The Price of Silence, about the Duke lacrosse scandal, 2014, a New York Times bestseller; and Why Wall Street Matters, 2017. He writes for Vanity Fair, the New York Times, The Financial Times and other publications. He appears regularly on CNN, Bloomberg TV, MSNBC and the BBC-TV. He has also appeared on the Daily Show, with Jon Stewart, CBS and other TV and radio programs.
William is a graduate of Phillips Academy, Duke University, Columbia University School of Journalism and the Columbia University Graduate School of Business. He grew up in Worcester, Massachusetts and now lives in New York City with his wife and two sons.
Ahmed Elsamadisi, founder of Narrator (https://www.narrator.ai/about-us), started his career at Cornell University focusing on human-robot interaction, Bayesian data fusion and building algorithms for autonomous cars. He then joined Raytheon to develop artificial intelligence algorithms for missile defense; then building algorithms for adaptive decision making and human exoskeletons–like the Iron Man suit but made of rubber because it’s more energy efficient and not a fictional concept ignoring proper scientific practices.
In 2015 Ahmed joined WeWork, and over the next two years built its data infrastructure and grew its data team from one to forty engineers and analysts. After seeing the immediate results from a single time series table data model at WeWork, Ahmed wanted to apply this knowledge to other businesses. So he founded Narrator which allows startups to ask questions, understand customer behavior, and analyze data across all their systems from a simple Universal Data Model.
Stefanie Shelley is an Operating Executive, Advisor and Board Director with C-suite experience in financial services, fintech and tech-driven business solutions. (https://www.linkedin.com/in/stefanieshelley/) She held a number of executive roles and has broad general management expertise and a track record of driving growth, digital transformation and value creation at JP Morgan Chase, Capital One, Citibank, GE/GE Capital and Broadridge Financial Solutions. Stefanie is an advisor to a private equity firm, Lovell Minnick Partners, along with small to large cap companies and early stage accelerators. Stefanie was a Board Director at Green Bancorp [NASDAQ: GNBC] from 2010 to 2019 where the bank grew assets 10-fold, was taken public and closed a “merger of equals” with Veritex Bank, making it one of the ten largest independent banks in Texas. Earlier in her career, Stefanie intrapreneured and launched two ventures with $10mm investments at GE Capital and JP Morgan Chase and worked on senior level business transformation at GE.
Navi Singh, head of technology Antler.co. (https://www.antler.co/) Founded in Singapore in 2018 by a team of entrepreneurs and investors, Antler has invested in over 120 start-ups around the globe. In January 2020, it raised an additional $50 million to invest in the U.S. Navi is a serial entrepreneur and investor focused on ideas that solve fundamental problems using technology. His background includes research in biotechnology and remote sensing with a specific focus on smart clothing and using infrared to assess energy loss for buildings. Previously, Navi was a co-founder at Essess Inc., a CleanTech start-up that used high-throughput thermal imaging to help people and organizations become more energy efficient. He has helped build a diverse group of technology companies, including a flexible electronics start-up and an innovative financial investment platform.
Christine Loomis, a Senior Consultant with Lee Hecht Harrison (https://www.lhh.com/us/en) who coaches professionals in career transition. Earlier, her 25-year banking career included being SVP of the US-Russia Investment Fund, based in Moscow; consulting for AIG Consumer Finance and Societe Generale; being a VP at NatWest; and working at Chase Manhattan. Christine is on the Board of Governors and Co-Chair of the Program Committee at the Princeton Club of NY. A BA from Princeton University, she has an MA from Columbia University. She is fluent in Russian and French. (http://www.christineloomis.com/about-us/)