[Arm-netbook] eoma68-jz4775 x-ray pictures

[Hrvoje Lasic]

One of the company involved in this year program also actually think to be
organized as "Benefit Corporation". They are from Italy and as I understood
in Italy this is possible (one of the very few countries) and their
business idea is strongly socially oriented. I didn't ask myself if this is
legally possible - good question. I guess that you would have to discuss it
with some legal person and as Rockstart is partially financed from Dutch
lottery (which is by definition charity) maybe they will agree (also to be
honest many of ppl around Rockstart are already proven entrepreneurs and
they dont look for money, they really like idea of helping star-ups and to
be involved in this community). So, your main question needs to be
discussed.

 However, in later stage when you actually need investment to scale it
might be more difficult to raise money (from simple reason that investor
ask for profit - this is truth). It may need some other means to raise
money for your company. There are some social funds (on London stock
exchange as I understood) in UK where there is money for such a companies
and one of our mentor has company that they look for money in this
particular fond.

Between priority 1 and 3 there is little difference. If you are able to
make business that has no losses, you might do some profit as well (and
reinvest it in your idea again of course).

On Mon, Apr 25, 2016 at 4:55 PM, Luke Kenneth Casson Leighton <lkcl at lkcl.net
> wrote:

> On Mon, Apr 25, 2016 at 2:52 PM, Hrvoje Lasic <lasich at gmail.com> wrote:
> > actually, smart energy kind of have ethical angle but still you are
> supposed
> > to make also profitable business.
>
>  my point is: unless you have specifically negotiated with the VCs to
> be permitted to go with a non-standard Company Articles of
> Incorporation, the priority is, by law, the other way round.
>
>  CICs in the UK, and in the USA "Benefit Corporations", have *legally*
> within the Articles of Incorporation, the right to prioritise other
> matters such as ethical and environmental priorities.  actually they
> go something like this, in order of LEGALLY-BINDING priority:
>
>  PRIORITY 1: do not make a loss
>  PRIORITY 2: focus on ethical and environmental priorities
>  PRIORITY 3: make a profit.
>
>  as these things directly conflict with "Investor Interests", in the
> UK there's actually legal requirements that prevent and prohibit
> "Holding Corporations" from owning CICs.  however, a CIC "Holding
> Company" may own a straight "Corporation" or even a PLC as an asset.
>
>  there's quite a lot involved but in essence, CICs and Benefit
> Corporations are the right vehicle for eco-conscious business.
> standard corporations are basically flat-out lying through their
> teeth.  when the chips are down, the priority is PROFIT not
> ENVIRONMENT or ETHICs.
>
>  this is a simple flat-out undeniable fact, one that, sadly, many "eco
> incubators" are simply, put, completely ignorant of.
>
>
> > What Rockstart is good at, it is very
> > networked and supportive environment, they have large pool of mentors and
> > they really try to help you about making business and implementing lean
> > methods in creating business. If you have idea what you would like to
> find
> > out maybe I can try to organize you some meetings around specific ppl.
>
>  i think the main question i'd like to establish is whether they
> understand the importance of using CICs (or equivalent) for
> eco-conscious business.  otherwise, being flat-out blunt, they're
> basically deceiving absolutely every single company that they've got
> an 8% stake in.
>
> l.
>
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