Gawker
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conflicts of interest
Entrepreneur backs politician, politician backs his startups
Scott Jones, serial entrepreneur, has received an additional $8 million in funding from Mort Meyerson, formerly of Perot Systems and EDS, for his startup ChaCha. You'd think with such wealthy backers, Jones wouldn't have to tap the public till. But no: ChaCha was recently granted $2 million from Indiana's 21st Century Technology Fund administered by the Indiana Economic Development Corporation to build new, innovative features. What are these innovations that will debut next year, and how did the already well-funded startup receive this state-funded aid? More »
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By Tim FaulknerComment by MarkReed: This company is a joke. It is just a hobby business for Scott. The "team" is the same bunch whose... more » | Other threads
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politics
ChaCha searches for political clout
We'd heard of state birds, but official state websites? Yes. Mitch Daniels, Indiana's governor, helped select human-powered search engine ChaCha as the state's official website. He also played a role in conscripting Indiana University staff as unpaid "guides" for ChaCha. Now it's time for Scott Jones, CEO and founder of ChaCha, his investors, and friends to return the favor. Tomorrow, Jones will be hosting a fundraiser at his megamansion, inviting business leaders both Midwestern and bicoastal with the hope of raising a million dollars in a single day. More »
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