3 ms·

Sorry to sound cynical but... If they cannot vet one guy, how will they vet 2000? And are there even 2000 people in Flint with an idea they actually want to p

• rmason 4y ago
  Government wouldn't be a good choice to vet people. However if they did wouldn't it top setting $50 million on fire? I think its best if entrepreneurs do it. I've noticed that most of the successful VC's are entrepreneurs with at least one successful exit. In Michigan it is a mixture of government, non-profits and entrepreneurs who decide who gets funded. That's primarily because it's government money funding it. In Lansing a non-profit provides business classes and applicants complete a business plan.