“There is so much information regarding SVB’s failure that we do not know about.”
A conduit for leftwing (including Chinese suitcases full of cash) causes - such as, when Congress passes a bill, near the top of the bill, are the words:
“and for other purposes.”
She speaks of capitalization when she means debt. The climate parasites have no place not to borrow money
Feel good story of the day.
Wow - finacial system failing and all the new-age, Marxist dung-brains worry about are “climate startups.”
Climatstrophic predictions hardest hit!
I checked out Linkedin for this Sophie Perdom who looks like she is 16 - daddys money I guess - and this is how she describes herself:
“I invest in and support early-stage climate tech founders and their companies, and write a newsletter (50,000+ readers, CTVC) on climate and innovation. Prior, I’ve been a sustainable business operator; first launching an ESG fund at a major endowment, followed by a few years making pretty slides at Bain & Co., published a book on sustainable investing along the way, and helped found an agricultural technology company (raised +$65m).”
I don’t know much about venture capitalism, but I would imagine the very LAST thing I would ever invest in if I was an investor would be something that has no discernible way to make a profit.
Think about it: Climate? How the hell do you make a profit on the “climate”? It’s like saying “Let’s make a profit on the moon”. There is no invention here, they aren’t working on an engine that can run on cold fusion. This is all about “climate tech” where nobody says just what the “tech” is.
To me this reeks of a scam where they BS people about a “climate company” when in fact the real profit comes from the taxpayers being forced to throw these BS companies money because a bunch of Rats and RINOs in Washington want to look “climate capable”.
Can’t keep the scam going without a scam bank to provide scam funding.
“many startups and their VC backers”
Who cares what the Viet Cong think?
Cue the Seinfeld “That’s a shame” GIF . . .
Just add lbgtqp to your business model
and get 5 mil tax free dollars to start up with !!
Just go hit up 10 percent guy , he’ll strong arm a whole nation to back you
Biden State Department Offers $5 Million in Grants to ‘Empower’ LGBT Activists
https://freerepublic.com/focus/f-news/4143622/posts
Systemic Grift anyone ?
Green now means SCAM
What a surprise! You mean that climate charlatans can’t find any other place to get free money?? Just Wait! resident Biden will jump into the void.
Exactly right. These “technologically perceived riskier types of clients” would not exist in a free market. They only exist because the GD government wants them to exist and the government provides huge direct incentives and tax breaks we all pay for through high taxes or inflation due to $33 trillion of debt.
Like Solyndra, they exist mainly to recycle government “investment” in these companies back to Dem politicians. It’s the unholy Government - Industrial alliance.
They produce NOTHING of value and redirect money that otherwise would have gone to productive endeavors to trash investments.
Well, this is quite interesting because of some obscure piece of tax legislation regarding mandatory capitalization of Qualified Research Expenses. This arcane topic involves how something in the 2017 Tax Cuts and Jobs Act REQUIRES companies to depreciate QREs over 6 years instead of expensing the amounts in the year such amounts were incurred/paid.
The companies that are most likely to be affected are tech companies, but definitely include biggies like IBM, Amazon, Apple, Microsoft, Lockheed Martin, Boeing, etc.
Affected individuals and companies are facing very painful increases in the taxes due around .... OH! just about this time of year!
It is somewhat poetic irony that the smaller tech companies which are often funded and/or owned by lefties will be feeling the pain.
Or, perhaps the legislation will be modified/repealed. After all, the Bi-di-diot administration already found one way to insulate the players from financial catastrophe at the expense of the rank-and-file taxpayer.
Hope someone finds these remarks interesting.
IF I HAD MONEY TO “INVEST”—
CLIMATE CRAP IS NOT ON THE LIST OF TARGETS I WOULD LOOK AT.
IT IS A MANUFACTURED PROBLEM LOOKING FOR A FINANCIAL SOLUTION
IT IS A SCAM
A giant hole? Good. Jump in, your stolen money is down there somewhere.