Our portfolio company Etsy is helping Rockford Illinois build an entrepreneurial economy in their city. Here’s a short (3 min) video that talks a bit about what they are doing and how it got started.
Posts from hacking government
Today, July 4th, the anniversary of the day in which our founding fathers signed the Declaration of Independence, is also the final day of a crowdfunding campaign to raise $12mm for a Super PAC to fund campaign finance reform.
The idea is to use the $12mm to make campaign finance reform the fundamental issue in five high profile congressional races and win them.
If that works, then May Day PAC will crowdfund a much larger amount in 2016 and do this again in a lot more races.
Larry’s assertion is that the vast majority of americans want big money out of government, but the small number of people with the big money don’t want that to happen and they are calling the shots now.
He believes that the best way to fix that is for everyone with small amounts of money to come together and put together some big money and go toe to toe with them.
I think it is an interesting idea and when Larry raised the first $1mm from the crowd, the Gotham Gal and I participated in the small group that matched the first $1mm. We can and do write big checks to politicians because that’s the way our corrupt system of government works right now. We are happy to write big checks to change that system and make it right.
The second part of the crowdfunding campaign is seeking to raise $5mm and then get that matched in the same way the first $1mm was matched.
With one day to go, the campaign is short by about $1.5mm. It would be amazing if the american public celebrated July 4th by coming up with the final $1.5mm.
If you are so inclined, you can help do that here.
My partner Brad and our colleague Nick have been advising some folks in Iceland on economic development and how the Internet and networks could be the key to giving their economy a big push. They have been doing that for several years now.
Last March Brad went to Iceland and gave a talk to a bunch of policy makers there. It was put up on YouTube recently and I am making it the video of the week this week. In this talk Brad lays out a vision of what the Icelandic economy look like in ten years with the right policy choices. He also explains why he and the rest of USV is interested in that (hint: jurisdictional competition).
A couple days ago, I saw a tweet by Henry Blodget and replied:
— Fred Wilson (@fredwilson) October 21, 2013
I am really upset by the problems with healthcare.gov. Leaving aside all the issues with Obamacare, and I hope and pray this discussion does not downgrade into a debate about that, I am very excited about the potential of marketplaces and marketplace economics on the price, availability, and transparency of healthcare insurance. It is way too complicated to buy healthcare insurance today and it costs way too much. The Internet and the power of marketplace economics has the potential to change that.
But our government has badly botched the construction of healthcare.gov and is now proposing a tech surge to fix it. More people, more money, and more promises thrown at a badly broken process. This will end about as well as Afghanistan and Iraq.
I'd like to suggest another way. Open source the healthcare.gov project, or at least all the components that easily lend themselves to open source. I think that some of it may already be open sourced. But instead of hiring an army of contract developers who will cost us so much money, harness an army of volunteers, who are likely better engineers, who will do the work for free.
That's what is increasingly done by technology companies and so much of the software that runs the web these days is open source. Why can't the software that runs our government be open sourced too? If you think this is a good idea, you can sign this petition. I signed it yesterday.
There is a lot going on in this area. My colleague Nick posted this link on usv.com today. GitHub now has a "subgit" on government projects. That's awesome and I hope we see the healthcare.gov codebase show up there soon.