Startup program doomed to fail.
| Author | Wolf, Renita |
| Position | Readers Respond - CAPCO program - Letter to the Editor |
The CAPCO program is a boondoggle (Robert Schwab, "State money for startups--boon or boondoggle?" August) due to the lack of accountability required of the companies receiving the funding and the lack of competence of the state to manage the program. This hybrid venture-capital program is doomed to failure.
Successful companies "start up" with the objective of maximizing the wealth of...
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