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Showing posts with the label socializing risk

Confessions of A Blogger Writing In Her Pajama's - Well House Robe !

Tweet This http://goo.gl/qTYmuF Day Five of my Crowdfunder once again came up empty so now on day six it is looking unlikely that I will have garnered enough public support to take advantage of the 50% discount on the iuniverse program by 2 PM today when the sales person is going to check back with me. Perhaps when I complete the remainder of the thirty day crowdfunder I will have suceeded in garnering enough public support to justify investing in such a program. That bar is $500.00 because until I reach $500.00 I do not get to retain any of the funds pledged. If I reach that bar, perhaps there will be another deal available- or I can do another crowdfunder to try to raise the rest of the funds needed,- so with that thought in mind, I am going to continue with this crowdfunder to its completion. It feels like doing one of those dance marathons of the depression era-or a fillibuster speach on the floor of the Senate. This is a particular sort of endurance test whi...

Socializing the Risk and Privatizing the Gain

TWEET THIS  http://goo.gl/otcDDo Introduction: Below is a post formerly published on the former Augusta Insider. It concerns relatively recent Maine Legislation . The summary in the legislation states "This bill is modeled on statutes in Arkansas, Iowa, Michigan, Montana and Utah. It authorizes the establishment of the Maine Fund of Funds within the Small Enterprise Growth Board for the purpose of increasing the availability of venture capital to the Maine economy. " The legislation does not provide the specific statutes of the states that are used as a model for this investment scheme. I looked up the constitutions of Iowa and Arkansas to see what their statutes say about the creation of corporations. Iowa's constitution is very strict about prohibiting the creation of corporations by special acts of legislation, while Arkansas's allows for more latitude than the Maine State constitution. There are several states that use the same language prohibiting the form...