On Mon, Apr 25, 2016 at 2:52 PM, Hrvoje Lasic <las...@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. _______________________________________________ arm-netbook mailing list arm-netbook@lists.phcomp.co.uk http://lists.phcomp.co.uk/mailman/listinfo/arm-netbook Send large attachments to arm-netb...@files.phcomp.co.uk