
Governance lesson number one. You cannot avoid governance.
Jeff
4.2K posts

@jmclarty
Fix The Money + Governance, Fix The World. Building at @AgoraGovernance #LLD gov/acc ftw

Governance lesson number one. You cannot avoid governance.


What is even the point of Parliament? At Health Committee, we asked to see the PrescribeIT contracts, in which the Liberals blew $250 million on NOTHING. But Mark Carney’s Chief Filibuster Officer spent 2 hours talking to prevent us from seeing it. I asked why at Question Period, but the Chief Filibuster Officer took the question and…. Filibustered. That’s why I went to ask again tonight in the House:

Canada spent $5.1 BILLION fixing a broken payroll system (Phoenix). Now we're about to spend $4.2 BILLION+ replacing it with Dayforce. I went through every lobbying record, every communication report, and every revolving-door hire to identify potential conflicts of interest. Here's what I found. 1/🧵





What is even the point of Parliament? At Health Committee, we asked to see the PrescribeIT contracts, in which the Liberals blew $250 million on NOTHING. But Mark Carney’s Chief Filibuster Officer spent 2 hours talking to prevent us from seeing it. I asked why at Question Period, but the Chief Filibuster Officer took the question and…. Filibustered. That’s why I went to ask again tonight in the House:










The shift in the crypto fundraising landscape the past 6 months has been insane. Crypto VCs used to have to constantly be networking/writing/podcasting/going on spaces/promoting your thesis/getting on 10 deal flow calls a week, to get into good deals...now it's literally enough to just have capital to write checks. Deals are being pushed rather than dug out. Inbound if people know you have money is at an all-time high. Most firms are either 1) Out of money 2) Moved to Series A and beyond or 3) Fundraising (with no success). Deals that used to close in 2-3 weeks now close in 2-3 months. Firms with questionable business models or copy pasta of the latest trend are getting zero primary or follow-on funding (Good news!). There are now realistically <20 firms writing checks in pre-seed/seed. VCs basically have the pick of any deal they want, with more time to do DD. IMHO 25/26 are going to be historic vintages for those who stick around.