User talk:Applepear7237

IllinoisVENTURES
Do you have some kind of relationship with IllinoisVENTURES? It is important to disclose those sorts of things, since they can affect the neutrality of edits. Barsoom84 (talk) 22:44, 20 November 2008 (UTC)


 * Not any relationship with IllinoisVENTURES, other than being a software dev. from Champaign. Are you in Champaign now?
 * The article seemed poorly researched / written when I first saw it, so I did a bit more analysis (curious/anal/ and I suppose this is how people get addicted to editing wikipedia). I looked at the University of Illinois budget and found that the University via the state still had IllinoisVENTURES in it's 2009 budget, more than $2M which the current version does not reflect.
 * I dug a little deeper and found that the money the article (not a very good primary source) was referring to was supplemental to its funding from the State.
 * You seem to have reverted all of my changes, I believe that the section on Finance is currently far more misleading and incorrect than the revision with my sources in. In addition why remove the additional information about the other audit? Sorry for the rambling, this was just my first attempt to really research and work on wikipedia and I'm not sure what custom/rule I seem to have broken? If you don't mind showing me the best way to include that information/sources I would really appreciate it! -ApplePear Applepear7237 (talk) 00:07, 21 November 2008 (UTC)


 * It looked to me like the information from the other audit had the same reference I added earlier. If you want to add additional information, just copy and paste one of the other reference tags and change it with the new reference's URL, title, dates, etc..  If you want to send me the link to the University budget, I can pop that info into the article.  It's a pretty complicated situation, since the firm gets funding directly from the state, manages a fund set up by a state university, uses some university resources, and so on.
 * I only really go back to Champaign for football games these days. By any chance are you a developer at Wolfram? Barsoom84 (talk) 00:36, 21 November 2008 (UTC)


 * Not at Wolfram (one day ...) I work for a contracting firm which requires me spending hours on end developing .NET applications for leasing agencies... One day Illinois football will be back to last year, but man-o-man is it hard to watch!

IllinoisVENTURES is indeed an interesting beast. They also have a private source of funding which is fascinating, not quite sure how that works yet more to learn!

Here is what I wrote before (with one small modification in the first sentence):

The state of Illinois invested in IllinoisVENTURES in 2005[2], and has annually funded the LLC through the University of Illinois budget. [3] In 2006 IllinoisVENTURES began receiving additional funding from the state through the DCEO (Department of Commerce and Economic Opportunity) of $735,000. [4] However in 2007[5] and 2008[6][7] this funding, which has been presented each year as part of the DCEO budget, and represented almost 20% of IllinoisVENTURES 2006 budget was vetoed by the Illinois Governor. The University of Illinois was able to make up a portion of this shortcoming and limit its impact on the LLC.[5][3] In addition to this state funding IllinoisVENTURES recieves funding through subleasing office space, management fees, and investment returns.

The reference to the audit was in fact different than the one you cited as you cited the compliance audit and I cited the financial audit is here

You'll notice the difference in name and URL. The reference to the budget which was included in the version I had edited is this

.

If you open it up and search for Ventures you'll see on page 135 the $2.312million that the fund receives from the state. The other sources I found show that the money the governor was vetoing was the DCEO funding of $750,000 in 2007 and 2008 after $738,000 was approved.

The 20% budget component was in reference to the 2006 higher-ed article which also stated that the University of Illinois would pick up some of the difference. I think that this information helps clarify where the funding comes from. In addition I think that saying the company makes money from "subleasing office space" is correct but incomplete, and I tried to add the other components that the article stated.

I tried to give each sentence in the updated section a first hand source (where possible) and I believe that it is both accurate and fair. Of course, I'm open to hear how you would revise it, but I do not believe the version currently on the site is complete and as informative as it could be. ... This is also a little addicting .. I come on here trying to find documentation on cMake and autotools, and I see a "new message" waiting! (looking for the 20 minutes of his life back) Applepear7237 (talk) 03:23, 21 November 2008 (UTC)