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Message
re: Jindal suckered once again by startup???
Posted on 7/8/14 at 3:34 pm to I B Freeman
Posted on 7/8/14 at 3:34 pm to I B Freeman
You dislike Bobby Jindal.
We get it.
We get it.
0
Posted on 7/8/14 at 3:34 pm to I B Freeman
Here is what the company says it does:
Can anyone explain what this company actually does now that you read that??
Sounds like a sham to me.
quote:
Services
What we do
Our approach is flexible. We are all about enabling business solutions that align strategy to execution and deliver Agility through access and analysis of Information. We offer a variety of services to ensure you get exactly what you need, whether it is assessment and benchmarking of your current capabilities, or series of conversations to capture your strategy and help visualize its link to your capabilities and initiatives, or creating visual experience and prototype, or a full scale capability implementation project or something in-between.
The AgilityStudio's engagements are executed by a cross functional team of industry principles, right here in Silicon Valley.
How we do it
We learn about your business.
We capture your specific challenges, strategy and create a business story for you to visualize.
We catalog and benchmark your capabilities. We bring industry templates.
We create your capability models using blueprinting and prototyping approach. We bring in pre-built components.
We help you make a well-informed decision before you commit yourself to large spending. We bring ROI calculators.
We do this not in months but in weeks. We bring Agility to your process.
We also help you execute subsequent projects either as full service provider or program manage your downstream execution.
We help you track your strategy through capabilities through initiatives through program and projects.
We manage complete traceability through the KPIs you signed off.
Can anyone explain what this company actually does now that you read that??
Sounds like a sham to me.
Posted on 7/8/14 at 3:36 pm to BlackHelicopterPilot
Posted on 7/8/14 at 3:37 pm to I B Freeman
Go here and tell me why Louisiana tax payers should be subsidizing this company
LINK
It's four months old now.
The owners can simply flow money through the company as salaries to themselves and pocket millions from you and I and never bill a single dollar of services.
LINK
It's four months old now.
The owners can simply flow money through the company as salaries to themselves and pocket millions from you and I and never bill a single dollar of services.
Posted on 7/8/14 at 3:40 pm to I B Freeman
I am ready for any of you critics to tell me just how great this investment of our money is.
Surely nobody here would be in favor of giving this open checkbook to a company with such little history.
Surely nobody here would be in favor of giving this open checkbook to a company with such little history.
This post was edited on 7/8/14 at 3:41 pm
Posted on 7/8/14 at 3:46 pm to I B Freeman
quote:
I am ready for any of you critics to tell me just how great this investment of our money is.
But you're not ready to answer my post on page 1. Don't be scared, Moon.
Posted on 7/8/14 at 3:50 pm to LSURussian
quote:
I don't feel like looking it up but I thought that proposed automobile manufacturing facility was for Elon Musk and Tesla Motors
quote:
NEW YORK (CNNMoney.com) -- A largely unknown car company is planning to open its first factory in what used be a headlight plant in a small town in northern Louisiana, state officials announced on Wednesday.
Louisiana economic development officials are enthusiastic about the endeavor which they say will create thousands of jobs. But for now, executives with California-based V-Vehicles, which has backing from activist billionaire T. Boone Pickens and the venture capital firm Kleiner Perkins Caufield & Byers, are not saying exactly what type of vehicle the company plans to build.
Pickens has been active in promoting natural gas for use in automobiles, but it isn't clear what form of energy will fuel these cars.
An auto industry startup. The company was founded in 2006 by former Oracle executive Frank Varasano who has spent 26 years working for the consulting firm Booz Allen Hamilton where he led the firm's engineering and manufacturing practice, according to the Louisiana economic development council's Website.
"He watched, we all watched, as the auto industry stumbled," said V-Vehicles spokesman Joe Fisher of V-Vehicles founder Verasano. "He thought he could do something to fix it."
Fisher said Varasano came up with a plan to build a profitable auto company and presented his plan to executives at Kleiner Perkins.
Fisher declined to say what was unique about V-Vehicles' business model, citing the competitive nature of the businesses.
Fisher also declined to provide details about the vehicle the company intends to produce at the site. A Website about the venture hosted by the Louisiana Economic Development council showed only a round headlight in one photo and, in other, one corner of a clay mock-up of a car.
Design of the cars is being led by former Mazda designer Tom Motano, who is credited with designing the Mazda MX-5 and RX-7 sports cars.
Big jobs boost for Louisiana. The plans were revealed in Louisiana, by the state's economic development council on Wednesday.
"Today, we are here to announce that through quick, aggressive action to pursue a transformative opportunity, we have a chance here in Louisiana to reenergize the entire U.S. auto industry," Louisiana governor Bobby Jindal said in a prepared statement.
V-Vehicles plans to retool the former Guide Corp. headlamp factory in Monroe, La., according to the announcement.
The plant will employ approximately 1,400 people and will create another 1,800 jobs outside the factory, according to the state. The project involves a capital investment of at least $248 million, according to the announcement
LINK
The feds didn't approve their loan (Obama protecting his GM stock)
quote:
VC had applied for two loans in March 2009; the first, for $79.9 million, would let it complete engineering work with 30 suppliers. The second, for $241.2 million, would have gone toward tooling and equipment for the Monroe plant.
The DoE said only that VVC's applications were "not ready to move forward." Founder and CEO Frank Varasano said the company was "extremely surprised and disappointed" by the DoE decision.
quote:
VVC had been granted $133 million in funds by the State of Louisiana, contingent on raising $350 million in capital by April 1.
LINK
To OP, what do you have against adding jobs to our state?
Posted on 7/8/14 at 3:53 pm to I B Freeman
quote:
its true...but Freeman will try to make it sound like Jindal game them 500 million and lost it all
We didn't put all Jindal committed because it never opened. He had our pocket book open. There is no denying that.
quote:
Louisiana pledged back in 2009 to provide up to $67 million in grants under a “mega fund” for economic development
State didn't have to pay the $67 million because it was contigent on fed money, which the company never got.
Posted on 7/8/14 at 3:56 pm to Zach
quote:
KPEL... I heard you moved to Lafayette, Moon.
Well he needed to move out of that shithole called Monroe, Roger.
Posted on 7/8/14 at 4:03 pm to ragincajun03
Monroe's not that bad. Nicer weather than Lafayette. ULM sucks. But so does ULL. Seafood is the big plus for Laf.
Posted on 7/8/14 at 4:06 pm to I B Freeman
My god, you're that Cousin at the family Reunion who corners some poor relative and rails on this nonsense for hours...
Posted on 7/8/14 at 4:08 pm to WeeWee
quote:
To OP, what do you have against adding jobs to our state?
Nothing.
I have a very big problem with idiots giving our tax dollars to very, very, risky start-ups they favor over existing business in the name of jobs.
Only an idiot would have invested in V-Vechicles thus there is no V-Vechicles.
Only an idiot would take money from taxpayers and give this out of state company working out of a rented office in California that only incorporated 4 months ago and has no visible product or service the commitment to fund untold millions in salaries.
You understand the owners of this company qualify for 35% of their own salaries in subsidies from the state??? They don't have to sell to the public one dollar of services. They can charge the business $10 million for their own salaries and collect $3.5 million from you and me. They can move money from one hand to another time and time again and it will be perfectly legal.
These are bad, bad programs.
Posted on 7/8/14 at 4:09 pm to ChicagoTiger
quote:
My god, you're that Cousin at the family Reunion who corners some poor relative and rails on this nonsense for hours...
This just happened yesterday.
It is absolutely nonsense for the state to pay 35% of this company's wages with no cap and no time limit.
Posted on 7/8/14 at 4:20 pm to I B Freeman
quote:
Nothing.
I have a very big problem with idiots giving our tax dollars to very, very, risky start-ups they favor over existing business in the name of jobs.
Only an idiot would have invested in V-Vechicles thus there is no V-Vechicles.
Only an idiot would take money from taxpayers and give this out of state company working out of a rented office in California that only incorporated 4 months ago and has no visible product or service the commitment to fund untold millions in salaries.
You understand the owners of this company qualify for 35% of their own salaries in subsidies from the state??? They don't have to sell to the public one dollar of services. They can charge the business $10 million for their own salaries and collect $3.5 million from you and me. They can move money from one hand to another time and time again and it will be perfectly legal.
These are bad, bad programs.
show me a link to one time where that has ever happened.
Or they could provide 300+ $64K jobs to the state
Posted on 7/8/14 at 4:26 pm to WeeWee
quote:
show me a link to one time where that has ever happened.
Or they could provide 300+ $64K jobs to the state
I suspect in every one of these LLCs started to get film subsidies in film production there is a principle to the corporation taking a salary from the production and it is not small. They would be foolish not too. It is perfectly legal.
Of course they could promise 10000 $64k jobs.
Did you visit their website?? Can you tell what they do??
This post was edited on 7/8/14 at 4:30 pm
Posted on 7/8/14 at 5:31 pm to I B Freeman
quote:
Did you visit their website?? Can you tell what they do??
How about you the accusser actually bring some evidence of wrong doing before you jump to conclusions.
Posted on 7/8/14 at 7:44 pm to WeeWee
quote:
How about you the accusser actually bring some evidence of wrong doing before you jump to conclusions.
The obvious wrongdoing here is the State has committed to giving these guys millions and millions of dollars. The State is basically getting into the venture capital business with our money but gets no equity.
I will put you down as ready to give anyone starting a company that might be related to software 35% of their payroll and 25% of their expenses from the taxpayers.
You and I can do it. Let's get some kid that flunked out of LSU and have him write a program to cut the lights out every two hours. We will pay you a million and me a million and the kid $5000. We would get $700,000 from the state. We could pay ourselves again every year. You know what else we could buy a huge office building in Baton Rouge get the 25% credit, close the business and liquidate and keep the left over. Let's look for at least a $10 million building. We would get $2.5 million in credits. Maybe we could fire sale the building for $9 million and keep $1.5 million. You see there are no laws against any of this.
Posted on 7/8/14 at 7:58 pm to I B Freeman
These credits have brought many jobs to Louisiana. It's helped keep our citizens employed.
Do I like the fact that we have to bribe companies to come here? No, I don't. But we have crime, crappy housing, and crappy schools. We have to do something. Otherwise, we are no different than Michigan.
I'll take him bribing companies for jobs over us not having any jobs. Yes, you are always going to have some misses, but he's had a lot more hits than misses.
And bring on Elio!
Do I like the fact that we have to bribe companies to come here? No, I don't. But we have crime, crappy housing, and crappy schools. We have to do something. Otherwise, we are no different than Michigan.
I'll take him bribing companies for jobs over us not having any jobs. Yes, you are always going to have some misses, but he's had a lot more hits than misses.
And bring on Elio!
Posted on 7/8/14 at 8:23 pm to I B Freeman
Silicon valley startups? That'll never happen! The business is dominated by the big guys the little gu never makes it
Posted on 7/8/14 at 8:24 pm to I B Freeman
Silicon valley startups? That'll never happen! The business is dominated by the big guys the little gu never makes it
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