Thursday, December 19, 2019

When the state university invests

I don't know exactly how venture capital works, but when I read that Ohio State University is involved in the Rev1 Ventures which is a few miles from here on Kinnear Rd. that it's my tax money going to work to produce millions for investors and to do good for people. How can I know? OSU only gets money to invest or give away from the federal government or the state government--my taxes. From that it takes about 60% to run the university and passes the rest along. So how do I get a return on my investment? At some point, it trickles down, I suppose, with money for jobs, infrastructure, employees thriving, etc. And how does OSU complete this mission to invest and grow businesses while at the same time maintaining such an anti-market, anti-capitalist, anti-America atmosphere on campus, infusing its students with that attitude, including STEM?

https://www.bizjournals.com/columbus/news/2019/12/17/rev1-ventures-launches-15m-biotech-investment-fund.html

https://ceo.osu.edu/new-ventures

https://www.development.ohio.gov/files/otf/TVSF_CY2016_FINAL_7_27.pdf

https://development.ohio.gov/files/otf/2019_TVSF_RFP_Phase2.pdf

https://www.rev1ventures.com/

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