“As residents, we want to know what we’re looking at,” said Anne Holcomb, community resident and co-founder of Environment, Transportation, Health, and Open Space (ETHOS) of South Shore. “Why all the secrets, unless it’s something really bad that they don’t want us to know because they’re afraid of liability.”
A very simple and equitable policy would be for any given community to insist upon some percentage of non-dilutive carried interest in the startup venture.
Ventures like this and Gotion for another example may strip-mine local resources (water, electrical usage, pollutable land, tax dollars via TIF).
Without any quantifiable upside in a success scenario, why should locals bear all the downside risk?
A largely unasked question is becoming glaring: Is Illinois doing all it should to use artificial intelligence to make government cost less and work better? So far, the evidence says no.
A very simple and equitable policy would be for any given community to insist upon some percentage of non-dilutive carried interest in the startup venture.
Ventures like this and Gotion for another example may strip-mine local resources (water, electrical usage, pollutable land, tax dollars via TIF).
Without any quantifiable upside in a success scenario, why should locals bear all the downside risk?