18F, the Obama administration’s tech-consulting team that came under scrutiny in early summer after a Government Accountability Office report revealed it was burning through more cash than it collected, is on pace to break even by 2019.
Dave Shive, acting commissioner of the Technology Transformation Service, which houses 18F within the General Services Administration, told an audience Tuesday 18F “expects to be cost recoverable” by 2019, in line with GAO’s best-case projections.
Shive lamented “no startup is profitable on day one,” and GSA’s cadre of tech talent—many of whom come from Silicon Valley and other tech hubs—is barely two years old, yet he admitted it’s been challenging to measure 18F’s value beyond the taxpayer dollars and cents Congress worries about.
Keep reading this article at: http://www.nextgov.com/cio-briefing/2016/09/18f-expects-break-even-2019-looks-show-value/131502
