OpenGov, a startup intended to transform the way governments manage tax dollars
1–10 of 24 posts
Re: OpenGov, a startup intended to transform the way governments manage tax dollars
#2This is pretty much clickbait.
For those who want the gist of what this article/startup really is, it's a centralized platform for managing budgets in a transparent way used by governments internally (to create reports, manage expenses, etc). It makes it more efficient for different departments to collectively manage and access budgets. Apparently it gets $50B of government spending flowing through it's systems. This internal usage is then presented to citizens in a Mint.com like format in the name of transparency (like here: https://losangeles.opengov.com/)
Pretty cool and I wish them well, but it is nowhere near what the title implies.
Re: OpenGov, a startup intended to transform the way governments manage tax dollars
#3Definitely think this is a step in the right direction.
Unfortunately, it looks like this solution does not address the balance sheet side of the equation, which is where most towns are in dire straights (even if they don't admit it as they have more latitude in not recognizing the future costs of say pensions than corporations do). Until people have true transparency into this area, it will be hard to make good decisions as an electorate.
Again, think its a great step forward...on a very long road
Re: OpenGov, a startup intended to transform the way governments manage tax dollars
#4This is pretty much clickbait. For those who want the gist of what this article/startup really is, it's a centralized platform for managing budgets in a transparent way used by governments internally (to create reports, manage expenses, etc). It makes it more efficient for different departments to collectively manage and access budgets. Apparently it gets $50B of government spending flowing through it's systems. This…
If you or anyone can suggest a more accurate, neutral title, we'll update it. Often an article contains such a description somewhere.
Re: OpenGov, a startup intended to transform the way governments manage tax dollars
#5This is pretty much clickbait. For those who want the gist of what this article/startup really is, it's a centralized platform for managing budgets in a transparent way used by governments internally (to create reports, manage expenses, etc). It makes it more efficient for different departments to collectively manage and access budgets. Apparently it gets $50B of government spending flowing through it's systems. This…
http://www.Tradeshift.com is already well into that game IMHO and doing well.
Re: OpenGov, a startup intended to transform the way governments manage tax dollars
#6This is pretty much clickbait. For those who want the gist of what this article/startup really is, it's a centralized platform for managing budgets in a transparent way used by governments internally (to create reports, manage expenses, etc). It makes it more efficient for different departments to collectively manage and access budgets. Apparently it gets $50B of government spending flowing through it's systems. This…
If you or anyone can suggest a more accurate, neutral title, we'll update it. Often an article contains such a description somewhere.
Perhaps "$50B of Government spending is managed by a platform created by OpenGov" is more accurate and to the point.
Re: OpenGov, a startup intended to transform the way governments manage tax dollars
#7The title is nonsensical. The company's clients have 50 billion in revenue so that makes opengov a 50 billion dollar company? By that logic the food caterer to Apple is a 100 (?) billion dollar company.
Prior to reading the article I thought the main purpose of opengov was to help local governments facilitate open access to their data. When I have come across a government that uses opengov it is in reality more of a gate keeper. Adding another level of control to government data rather than letting citizens have direct access to the raw data.
The change in focus to internal use by governments could indicate a lack of money being spent for the original purpose.
Re: OpenGov, a startup intended to transform the way governments manage tax dollars
#8The title is nonsensical. The company's clients have 50 billion in revenue so that makes opengov a 50 billion dollar company? By that logic the food caterer to Apple is a 100 (?) billion dollar company. Prior to reading the article I thought the main purpose of opengov was to help local governments facilitate open access to their data. When I have come across a government that uses opengov it is in reality more of a…
I had the same issue. 50 billion is used interchangeably in the most nonsensical ways. (Hey! its a 50 Billion dollar industry! we capture 5% of that and we have $2.5 Billion in Revenues!)
1. $50B startup (ie market cap)
2. $50 billion customer list (whatever that means)
3. Customers with $50B in Revenue
4. Customers with $50B in spending budgets.
Re: OpenGov, a startup intended to transform the way governments manage tax dollars
#9The title is nonsensical. The company's clients have 50 billion in revenue so that makes opengov a 50 billion dollar company? By that logic the food caterer to Apple is a 100 (?) billion dollar company. Prior to reading the article I thought the main purpose of opengov was to help local governments facilitate open access to their data. When I have come across a government that uses opengov it is in reality more of a…
You might as well just call it a "17 trillion dollar company" to claim credit for the entire US GDP.
Re: OpenGov, a startup intended to transform the way governments manage tax dollars
#10I am amused that to cut through the noise the author - a former Developmental Biology graduate student, who went on to found a successful bio-tech startup, who presently lectures at Stanford and is a partner in one of the premier VC's in the valley - is foced to use linkbait to drive eyeballs to his article just like the rest of us hustlers.