Barack Obama, CEO of a new startup: America

This is a startup I'm excited to invest in

Financial trends and news by Bambi Francisco Roizen
November 5, 2008 | Comments (8)
Short URL: http://vator.tv/n/4f0

5

 The numbers have been off, customer service is the pits and the strategy is unclear, so the board has decided to replace the CEO. No, it's not Twitter, it's America!

However, I was on setfive Consulting's site, which monitored who the Twitter users were voting for. I watched as one state went from light blue to dark blue. In fact, overall, the entire country was blue.

By late Tuesday evening at 8 pm pacific, when CNN declared Obama as President, and the crowd shouted and cheered in the bar I was sitting in, it seemed clear that, in fact, the sky may even seem more blue Wednesday morning.   

Does an Obama administration also bode well for entrepreneurship and innovation? I think so. Not for any technical reasons related to this-or-that policy, or who's better for Joe the unlicensed plumber, but because the engine of American innovation is optimism.

It's what has always pulled the best and brightest to this country. And, as long as it persists, it is what always will.

Admittedly, I have heretofore typically sported the red colors. I still favor Peggy Noonan's views over Maureen Dowd's, prefer less government rather than more and continue to be a social conservative.

However, I think Obama is going to bring the magic elixir of hope that the world so desperately needs right now, as well as a sense of energy, excitement and youth. Inspiration and leadership drive innovation. A different party, race and generation is already a quantum leap of change from the reigning and seemingly dynastic presidency.

In many ways, Obama is like the startup CEO – ready to fight for change and ready to inspire others to get up and make a change.

I'm not a tax expert, but I generally come from the school of thought that voting Blue means higher taxes and Red lower.  That said, as a newly-minted small businesses person myself, most entrepreneurs aren't looking at tax policy to dictate their business decisions. Tax policy is not determining whether I want to still push forward as an entrepreneur.

I highly doubt that Lance Tokuda, who raised $17 million this past week for RockYou, is determining how to iterate and build out his product based on the tax policies. I doubt the tens of thousands of entrepreneurs on Vator.tv are watching the capital gains tax rate to determine whether they should keep doing what they're doing.  They're doing it because they love to innovate. Of course, Obama's policy to cut capital gains taxes for investors in startups will give investors incentive to give new businesses what they need - capital.

In the end, we have to have measured faith that we in the private sector will do our part, and those in the public will do theirs, and in the end a great country will evolve.

As far as a view from the technology business goes, there's a lot that technology can bring to America's future – from expanding efforts to increase broadband and making government more transparent.

I actually support Sun Microsystem's Scott McNealy's plan of stapling a green card to every diploma.

And, some regulation is actually needed for innovation. For one, I believe Net Neutrality is critical for innovation. As for clean tech, Obama is going to put dollars to work with his proposal to create a Clean Technologies Development Venture Capital Fund, funded by annual $10 billion investment for five years.

In the end, if the current campaign is any evidence supporting who'd be on the cutting edge of technology and making some real changes, Obama is far ahead on the technology curve. Obama's team mobilized hundreds of thousands of people who've created 6,500 volunteer groups and submitted 15,000 policy ideas, according to an American Express Issue Guide. 

This is a startup I'm excited to invest in.


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Comments

David Saad
David Saad, on November 4, 2008

Bambi: You wrote some very good articles and covered well a lot of different topics, but this article tops them all. Ceasing the moment as you just did, and more importantly, understanding what it all means despite your personal preferences, and articulating your thoughts so eloquently is very reflective on you, and thus on Vator.


Gary Silver
Gary Silver, on November 5, 2008

Great piece. Good thing he can fund this startup with taxes and bonds, because the VC's aren't too eager to invest. :)


David Gehring
David Gehring, on November 5, 2008

Awesome post Bambi! It does feel like dawn in America, and I'm fired up to build stuff!


Comment_gbg
Jay Peek, on November 5, 2008

"seemingly dynastic" ? LOL

Because our money was invested to China we WERE China and we had a forbidden city.

It is only by the grace of god that we are finally free.

Cherish every second of this Term and may we finally be and act as One.


Comment_gbg
Jennie Francisco, on November 5, 2008

You said Obama was ready to fight for change and inspire others. What has he inspired you to do? Or more specifically what has he inspired you to do outside yourself or your life?
McCain said America's greatest weakness was an inability for the individual to live for something outside himself.

You also said if "us in the private sector do our part and those in the public do theirs than a great country will evolve." What do you mean by great? Great in the business sense? Which I am aware that is the focus of this site. But you are the one that crossed over into politics which this year has touched MANY other aspects of life. Great in what sense?

Let me tell you the "hope" I have experienced this past month.
I was a McCain supporter. I am also the precinct captain for my area. Therefore I was very involved on the ground and on the phones.
The following is a list of the "hope/hate" I experienced:
We had a car egged that was parked next to one of our McCain signs,
One of our McCain signs was torn down and ripped up 4 hours after I put it up on the side of our house,
My daughter stated along with 2 friends that they were hoping for McCain in a crowded locker room. Hours after she stated this, good luck signs for an upcoming competition that were on the girls' lockers were ripped off,
2 women came to my door and fraudulently took my personal application for mail-in ballots. They never turned them in. After some detective work I found out that they were not from the Republican center and had tried to disenfranchise my vote.
Had a sign in my window for M/P and it was painted over,
Had a clerk at a store refuse to look me in the eye or speak to me after she found out who I was routing for,
Had a M/P bumper sticker on my car and was flipped off more than once,
Went door-to-door with my kids with door hangers and a survey and was yelled at or doors slammed in face by those voting for Obama.
If he is the "Anointed One " and the savior of hope why are so many people that love him so angry???

I know this is absolutely nothing compared to what M/P have endured and what minorities have endured for decades. But it is going to be very hard for me to use the words hope and inspire in the same sentence as Obama. Not because I think that everyone who voted for Obama would behave this way or even want to. I have family that voted for him. But I can say from experience he has also inspired gross disrespect, some hate and maybe even a little rage.

One small but minor point. In mentioning "Joe the Plumber" you had to describe him as unlicensed. He was a very minor player in all this. Why bring that up when the major player you wrote of had a working relationship with a terrorist (Ayers), had a pastor for 20 years that repeatedly made very un-American remarks (Wright), wants to put into law the Freedom Of Choice act that allows babies to die that are born alive after botched abortions. Unlicensed is pretty minor comparatively.

Remember 46% of America did not vote for him and all businesses, start-ups and investors will have to work with us and rub shoulders with us. Graciousness and respect will be refreshing, appreciated and necessary.


Gary Silver
Gary Silver, on November 5, 2008

Wow, Jennie, you must not have read the website's Terms of Use, "Any Francisco who posts a comment must be warm, sappy and supportive of Bambi". I seem to remember it somewhere on page 47.


Comment_gbg
Jennie Francisco, on November 6, 2008

Haha, funny and clever Mr. Silver. I am very supportive of Bambi. SHE is inspirational in what she has accomplished in life. I can't say the same of whom she so glowingly wrote about in her article. With the way these posts get posted you can't put in emoticons or even different paragraphs. My heart was not angry with her or even Barack. I really didn't want to come across harsh. I just wanted to share a different perspective. Bambi, I promise my next post will be "warm, sappy and SUPER BAMBI supportive".


Gary Silver
Gary Silver, on November 6, 2008

:)


Bambi Francisco Roizen
Bambi Francisco Roizen, on November 6, 2008

Hey, no "warm, sappy, and Super Bambi supportive" posts... unless you mean it. :-) Btw, I think you're right. We need to be able to put emoticons in the comment section. And, as you know, I very much appreciate your views. On Ayers and Wright - they're not exactly people I'd want over for dinner.


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