Welcome to DU!
The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards.
Join the community:
Create a free account
Support DU (and get rid of ads!):
Become a Star Member
Latest Breaking News
General Discussion
The DU Lounge
All Forums
Issue Forums
Culture Forums
Alliance Forums
Region Forums
Support Forums
Help & Search
Ed Lee Acquires Venture Capital for New Start-Up City
http://www.sfweekly.com/exhibitionist/2015/05/11/ed-lee-acquires-venture-capital-for-new-start-up-cityEd Lee shocked Californians today by announcing his resignation as Mayor of San Francisco to found a new start-up city.
“I’ve seen municipal dysfunction up close for years and it’s convinced me that cities are a paradigm ready for disruption,” Lee told Tech Crunch and Mayor’s Digest. “I believe that with just a little venture capital and a group of talented go-getters fresh out of college, I’ll be able to reinvent what it means to live in a place with other people.”...
Details of Lee’s new start-up, called CitEy, have only been revealed to first-round investors, among them Ron Conway, Peter Thiel, and the Singularity. But according to published reports, CitEy has developed an incredibly streamlined functionality for bribes, including a “Bribe Me Now” button and a Platinum Level for amounts over $25,000.
“I can’t tell you how many times city officials have come to me and said, ‘Can we have direct deposit for bribes and kickbacks?’ and 'Can I build a trillion-dollar subway that serves only one neighborhood?” Less said. “Well: why not? We have the technology. And Platinum Level members will even be able to automatically send a Task Rabbit with an envelope of cash directly to a Building Inspector’s home.”
“I’ve seen municipal dysfunction up close for years and it’s convinced me that cities are a paradigm ready for disruption,” Lee told Tech Crunch and Mayor’s Digest. “I believe that with just a little venture capital and a group of talented go-getters fresh out of college, I’ll be able to reinvent what it means to live in a place with other people.”...
Details of Lee’s new start-up, called CitEy, have only been revealed to first-round investors, among them Ron Conway, Peter Thiel, and the Singularity. But according to published reports, CitEy has developed an incredibly streamlined functionality for bribes, including a “Bribe Me Now” button and a Platinum Level for amounts over $25,000.
“I can’t tell you how many times city officials have come to me and said, ‘Can we have direct deposit for bribes and kickbacks?’ and 'Can I build a trillion-dollar subway that serves only one neighborhood?” Less said. “Well: why not? We have the technology. And Platinum Level members will even be able to automatically send a Task Rabbit with an envelope of cash directly to a Building Inspector’s home.”
3 replies
= new reply since forum marked as read
= new reply since forum marked as read
