Meg Whitman could have started 5 Google, Inc.’s instead for $140 Million
JOBS JOBS JOBS JOBS JOBS JOBS!
That was the rallying cry this time around for Meg Whitman:
Promising to methodically and quickly address the issues that face Californians, Whitman said that bringing jobs to California, cutting wasteful spending, and fixing K-12 education were at the top of her list.
But, instead of using her billions to actually create jobs the way that every Republican says is the American way - by starting and building your own business and hiring employees - Witman instead, poured more money into her own personal governors race than some software investment angel funds have at their disposal, which have created hundreds, if not thousands of jobs.
Whitman could have put her money where her ideaology was and done what guys like Kliener-Perkins have done and created the Ifund, a $100 Million dollar VC Fund for Iphone apps.How many jobs would that same money created? A lot more than the temporary jobs she gave to Frank Lutz and all the other GOP consultants and advisors on her payroll. And they would be potentially much more permanent jobs that the ones that she did create and are now gone… after her loss.
These guys, The AppFund, did it on a smaller scale as well and are getting people funds to create programs that can create jobs for others thought the entire software/internet ecosystem.
Or to put it in another perspective, when Google got its first actual VC money, it was $25 million. Before that they had scraped together from friends and family and got about a million. But they got a prototype, showed that it worked, and got enough funding to make a go of it. That was in 2004, and today, Google has 19,835 full-time employees as of December 31, 2009.
Meg Whitman could have started 5 Googles with the same money she (in my opinion) wasted on trying to get herself elected governor of California. Now, software start ups are a risky business, and there is no telling if even one of those hypothetical 5 would be successful in the long run, but that is almost besides the point. It is the attempt at creating startups that create jobs, give people opportunity, create cash flow, generate purchase orders, in short, stimulate the economy.
Ms. Whitman is the poster child for Republican hypocrisy. Instead of wanting to create jobs, she only wanted to be the boss. And they way that it was shown that she treats people who work for her shows even more that, while the jobs cry was good politics, all Whitman was about was power. She doesn’t care about working people. Just like all the rest of the Republicans.