Donald Trump, who grew up in a wealthy family in New York City and mocked coal miners in a 1990 interview, made a big deal about how great his presidency was going to be for coal. “Trump Digs Coal” signs were frequent at his rallies, he promised to bring jobs back to the suffering coal industry and he even appointed a coal lobbyist to lead the Environmental Protection Agency.
For all that, most people knew there wasn’t a whole lot Trump could do to save the coal industry. …
Being rich and famous does not mean a person knows what a good business looks like. But that won’t stop celebrities from going the venture capital route when investing their riches.
And now, as government-serving technology startups appear to be gaining momentum in the world of equity investment, a handful of celebrities have turned their attention to the space.
America knows about Internet-connected juice machines that squeeze bags with roughly the strength of a pair of human hands, and salt shakers that also play music, and smart door locks that may not open if a software update goes wrong. This is the world of big tech investment, where a company with a zany idea may flare up and fizzle out or it may hit the stock market at a billion-dollar value.
Is there room in that world for technology that helps city hall update its application forms?
It’s beginning to look like the answer is yes. In the past…
Writer and data editor for Government Technology.