4 ms·
Someone who has no history of running a successful tech/game business is usually not the best person to give millions in investment money to. It's the governme
by droithomme 14y ago
Someone who has no history of running a successful tech/game business is usually not the best person to give millions in investment money to.
It's the government's fault not because they didn't do the stuff the article is claiming, but because they got involved in this at all to start with.
This is so simple it's impossible to argue against.
http://en.wikipedia.org/wiki/Curt_Schilling http://en.wikipedia.org/wiki/Curt_Schilling
Mr. Schilling went from being a Major League baseball star directly to being the founder and chairman of a computer game company, with absolutely no experience relevant to IT, games or even running a company in the middle. Does there not seem to be anything wrong with this?
Private investors lose their shirts every day. But they are risking their own money (or their clients). That means having some skin in the gambling game, so they are motivated to proceed cautiously and sensibly, or accept the consequences to themselves if they don't. When government gambles with the taxpayer's money, they don't have skin in the game. They also don't have experience investing or running companies and are not able to evaluate fundamentals of what are good ideas, as this entire boneheaded venture makes abundantly clear.
Blaming Schilling for his certain predictable failure is like blaming a dog for not being able to drive your kids to school. The person to blame for the crash is the parent that put the kids in the car with a dog as driver!