Raising Capital Through Lobbying: An Interview with Jack Burkman
Written by Dave Lavinsky on Friday, September 4, 2009
I recently had the opportunity to interview Jack Burkman, the founder and president of Burkman Associates LLC.
You may have heard of Burkman since he appears frequently on ABC, CNBC, MSNBC, ESPN, and many other networks. He was also a former FOX News political analyst.
Jack Burkman has been raising capital for companies using an extremely rare technique - government lobbying.
According to Burkman, money for many types of companies can be raised from congress and government agencies (e.g., Department of Energy, Department of Homeland Security, etc.).
In addition to grant funding, Burkman mentioned the critical importance of earmarks and how more money is earmarked today than there's ever been and there will ever be in the future. Specifically, he mentioned:
"More importantly, there is something called earmarks. We've all heard of earmarks. I mean, McCain talks about them. Obama talked about them. Earmarks are money directly from congress that you can get. And the thing of it is... the scope of this is so broad...there is so much money available, and if all of us can live to be 120 years old, we would never see this kind of opportunity in Washington again. Never. Not even once."
During the interview, Jack answered each of the following questions that I posed:
Do you think the government should be spending more or less money on funding emerging companies? Post your comments below.
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