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Do start ups offer a better alternative than Google for a fresh engineer, data analyst or designer? Are start ups attracting good talent?
About this Event
Business expansion, Start Ups & high paying jobs in New York
Speakers: Moderator William Cohan, NY Times best selling author & former Wall Street banker. (https://williamcohan.com/) Panelists: Ahmed Elmadisi founder Narrator. AI (https://www.narrator.ai/about-us) former chief data scientist at WeWorks; 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; & 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 & other major banks, as well as ad agencies & retailers, are cutting jobs.
Meanwhile Google, Facebook & 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 & with high pay. were created in the New York City region, ranking it behind Madison WI, Raleigh, NC & Denver, CO. (https://www.brookings.edu/wp-content/uploads/2019/12/Full-Report-Growth-Centers_PDF_BrookingsMetro-BassCenter-ITIF.pdf.) 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 & 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 & 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 Frres & Co., Merrill Lynch & JP Morgan Chase, is the New York Times bestselling author of three non-fiction narratives about Wall Street: Money & Power: How Goldman Sachs Came to Rule the World; House of Cards: A Tale of Hubris & Wretched Excess on Wall Street; and, The Last Tycoons: The Secret History of Lazard Frres & 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; & Why Wall Street Matters, 2017. He writes for Vanity Fair, the New York Times, The Financial Times & other publications. He appears regularly on CNN, Bloomberg TV, MSNBC & the BBC-TV. He has also appeared on the Daily Show, with Jon Stewart, CBS & other TV & radio programs.
William is a graduate of Phillips Academy, Duke University, Columbia University School of Journalism & the Columbia University Graduate School of Business. He grew up in Worcester, Massachusetts & now lives in New York City with his wife & two sons.
Ahmed Elmadisi, founder of Narrator (https://www.narrator.ai/about-us), started his career at Cornell University focusing on human-robot interaction, Bayesian data fusion & building algorithms for autonomous cars. He then joined Raytheon to develop artificial intelligence algorithms for missile defense; then building algorithms for adaptive decision making & human exoskeletons--like the Iron Man suit but made of rubber because it's more energy efficient & not a fictional concept ignoring proper scientific practices.
In 2015 Ahmed joined WeWork, & over the next two years built its data infrastructure & grew its data team from one to forty engineers & 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, & analyze data across all their systems from a simple Universal Data Model.
Navi Singh, head of technology Antler.co. (https://www.antler.co/) Founded in Singapore in 2018 by a team of entrepreneurs & 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 & investor focused on ideas that solve fundamental problems using technology. His background includes research in biotechnology & remote sensing with a specific focus on smart clothing & using infrared to assess energy loss for buildings. Previously, Navi was a co-founder at Essess, a CleanTech start-up that used high-throughput thermal imaging to help people & organizations become more energy efficient. He has helped build a diverse group of technology companies, including a flexible electronics start-up & 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 & Societe Generale; being a VP at NatWest; & working at Chase Manhattan. Christine is on the Board of Governors & 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 & French. (http://www.christineloomis.com/about-us/)
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