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Local venture capitalists donate cash to defeat preschool initiative

Original post made on Jul 21, 2009

Proposition 82, the Preschool for All initiative, was soundly defeated in San Mateo County, with help from an infusion of cash from local venture capital firms.

Read the full story here Web Link posted Wednesday, June 14, 2006, 12:00 AM

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Posted by R.GORDON
a resident of another community
on Jul 21, 2009 at 4:12 pm

So "venture capitalist" is just another word for Republicans with a lot of money.
Other than that, just what does a venture capitalist do?
Do they support large money making schemes which might even make hundreds of millions of dollars? I don't think so. I sent a friend to one of your prominent citizens who is double billed as a venture capitalist AND "philanthropist and like many Texans I know to be "Jet Rich".....that is really rich (matching planes for wife and hubby) and they treat money losses with a very kind and "aw shucks" sort of approach, and call a spade a spade. Unlike the rich here who are paupers by comparison, they spread their wealth to the those around them and do not make a fuss like when someone donates a ball park so the rich kids can play little league with the other rich kids. No class.

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