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Perhaps I am missing something, but this magic entity you seek to form — why would it be a superPAC? What utility would that bring you in this circumstance?
by singleshot_ 3y ago
Perhaps I am missing something, but this magic entity you seek to form — why would it be a superPAC? What utility would that bring you in this circumstance?
- motohagiography 3y agoBecause as the main shareholder for the portfolio, the PAC would have the board seats to install the CEO and executives in each company, who could be trusted to return the money to the PAC and its causes in exchange for skimming the lucre and keeping the scheme going. It's a patronage operation.
- notahacker 3y agoI'm mainly missing why investors would go for the corrupt minority fake company shabang, when they could, y'know, write the same check to some minority founders who maybe didn't meet their usual selection heuristics[1] but seemed to have built a decent MVP in a decent market and have a bit of knowhow and lot of drive to grow it. [1]young men, brand name college, already based near Sand Hill Road, nerdy humour, not the sort of person that would shoot hoops... all the important stuff
- singleshot_ 3y agoOk but the superpac
- Jensson 3y agoNow we get the much improved: young women, brand name college, already based near Sand Hill Road, nerdy humour, not the sort of person that would shoot hoops... all the important stuff