Taiwan Considers Tougher FX Rules for Foreigners Buying Stocks
The central bank is mulling a policy that requires international investors wanting to buy the island's stocks to show proof of orders before they can purchase the Taiwan dollar, said the people, who asked not to be identified as they aren't authorized to speak publicly. The currency conversion would then take place the following day, the people said.
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Halma plc (LON:HLMA) is a favorite amongst institutional investors who own 84%
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Who is Soham Parekh, the serial moonlighter Silicon Valley startups can't stop hiring?
In the last week, social media users have shared dozens of stories about encounters with Soham Parekh, a software engineer who seems to have been simultaneously working at multiple Silicon Valley startups — unbeknownst to the companies — for the last several years. But who is Parekh, how did he pull off his career as a serial moonlighter, and why can't Silicon Valley get enough of him? The saga all started when Suhail Doshi — CEO of image generation startup Playground AI — shared a post Tuesday on X that began: 'PSA: there's a guy named Soham Parekh (in India) who works at 3-4 startups at the same time. He's been preying on YC companies and more. Beware.' Doshi claims that, roughly a year ago, he fired Parekh from Playground AI after he found out he was working at other companies. '[I] told him to stop lying/scamming people. He hasn't stopped a year later,' Doshi wrote. 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At the time, Parekh told Reworkd he was in the U.S. — a requirement for the job — but the company didn't believe him. They ran an IP logger on a Zoom link from Parekh and located him in India. Pandey recalled other things Parekh said often didn't add up, and some of his GitHub contributions and previous roles didn't quite make sense either. That seems to be a common experience when dealing with Parekh. Adam Silverman, co-founder of the AI agent observability startup, Agency, told TechCrunch his company also interviewed Parekh. Silverman said Parekh sent him a cold DM about a job opening at Agency, and they set up a meeting. Parekh had to reschedule that meeting five times, according to Silverman and emails from Parekh viewed by TechCrunch. Silverman says he was also impressed by Parekh's technical ability, but in the interview, he insisted on working remotely. Much like with Reworkd, that was a red flag for Agency. 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He repeated several times throughout the interview that he works 140 hours a week, which comes out to 20 hours a day, seven days a week. That seems to be borderline impossible — or at the very least, extremely unhealthy and unsustainable. Parekh also said he took multiple jobs because he was in 'financial jeopardy,' implying he needed all the income he could get from his various employers. He claims he deferred going to a graduate school program he had been accepted to, and instead decided to work at several startups simultaneously. Notably, Doshi shared a copy of Parekh's resumé that claims he received a masters degree from Georgia Institute of Technology. When TBPN's co-hosts asked why Parekh didn't just ask one company to raise his salary and help with his financial struggles, Parekh said he liked to keep a boundary between his professional and private life. (But he had also opted for low salaries and high equity at all his jobs, which doesn't quite add up with his financial crisis story. However, Parekh declined to share more about it.) Parekh told the hosts he genuinely loved his work, and it was not solely about the money. He says he was very invested in the missions of all the companies where he worked. He also admitted that he's not proud of what he's done, and he doesn't endorse it. Some are calling Parekh a scam artist and a liar, but in classic Silicon Valley fashion, Parekh appears to be trying to turn his viral moment into a business. Parekh announced his newest employer, which he claims to be exclusively working at: Darwin Studios, a startup working on AI video remixing. However, Parekh quickly deleted the post after announcing it, as did the founder and CEO of the startup, Sanjit Juneja. TechCrunch has reached out to Parekh requesting an interview regarding this article, however, he has not yet accepted. Instead, a spokesperson representing him sent TechCrunch a statement from Darwin's CEO. 'Soham is an incredibly talented engineer and we believe in his abilities to help bring our products to market,' said Juneja. We've seen countless startups turn their viral, often controversial, moments into businesses in the last year. One of the most famous is Cluely, which is known for creating provocative marketing campaigns. It's rage bait, but it's attention-grabbing, and it was enough to land Cluely a $15 million seed round from Andreessen Horowitz. Perhaps Parekh will land a similar fortune in the future. Update: This story has been updated to reflect TBPN's current name and include additional comments from Antimetal.
