we talk about the influence of money and corporations / special interest in politics, would a venture capital dedicated solely to politicians a good idea to curb the influence of lobbyist and big corps in elections? scenario: politician A comes to our firm to pitch his manifesto and her plans for the office she's running for. we do our due diligence, research the cost of implementing the plans, and see if the plans are really the needs and desires of the people (product-market fit). if we feel the political campaign is really going to solve things, we fund their campaigns. question: will it be good to crowdfund the money to use to finance it or what another logical way can the money be sourced? the goal is to stop big money in politics that influences politicians. this is a random thought in light of what's good on in the U.S election.
Not sure what you mean by "solve things", since that's usually a subjective evaluation, but are your investors supporting the fund as donations rather than investments? And what happens when the politician games you? There is no obligation to keep promises made in campaigns.
Solve things means to address issues facing the community and the people - deteriorating infrastructure, housing crises, etc. They are supporting it as donations - everyone is an investor, no eligibility requirements other than being a U.S citizen or permanent resident. True, the politicians can game us - we will recall the election (I'm not sure). I completely agree with you. I'm only just speculating.
So this is no different than individual citizens supporting candidate that makes promises they like with donations.You could provide the same analysis of proposals and publish them without any financial contribution from a fund. I guess I'm not sure what the point is of the VC fund component. You are basically a fundraiser, ie a super pac. They already exist
Good lord no. Private capital wants a return — likely, in this case, legislation that is favorable for the members of this VC firm and their interests. This in turn means thus politicians will seek to conform the views of the VC audience (because they need to get money to be electable), and hence undermines the actual goal of democracy (which is that the people (in a broad sense) should have their opinions reflected in policy)
Good point. Thank you.
You are the special interest in this case.
Ahh, completely agree with you. Reading others comment has actually opened my eyes.
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Thanks, but why do you say so?
VC want returns. How would the VC get a return on investment? A kick back when elected? That is just as bad if not worse then current system. Also VC investors have to be accredited, so no small donors can be allowed to participate.