Crypteaux

Robideaux seeks ‘visionary’ director to evolve LCG’s IT department

The gist: Since taking office, Robideaux has flirted with smart city initiatives and floated ambitious tech concepts like municipal cryptocurrency. Now, at the end of his first term, he’s seeking a permanent IT director who can help implement his vision.

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Robideaux is looking for a visionary: The job description posted last week describes an IT director who would be heavily involved in updating the department, a $9.7 million division that’s primarily charged with tech support services across consolidated government. The expanded role would include a hand in the administration’s smart city programs. Last year, the administration spent $150,000 to develop a smart city roadmap with IBM and mega-consultant KPMG that includes projects like making Lafayette a Smart City test bed, enhancing cyber security, implementing digital payments for government services and Crypteaux. The job posting says the new director would play an “integral role” in the roadmap. You can see the full roadmap here.

“It’s definitely fair to say the position of the director is evolving into one of a visionary and not just a person with a strong tech knowledge base and background,” Communications Director Cydra Wingerter tells me.

LCG’s strategic roadmap envisions more tech personnel. The Smart City roadmap contemplates adding a chief technology officer, a chief data and analytics officer and a chief information security officer. Positions like these do exist in other city governments. But, to be clear, the roadmap is largely provisional. It doesn’t necessarily describe concrete plans, but it offers a glimpse of what the administration has in mind — a more tech-savvy consolidated government.

Finding top talent in an election year could be tough, LCG’s civil service director tells me. Whoever would come into that position would face at least some political insecurity and the possibility that a new boss could kick him or her to the curb, particularly if a new administration doesn’t share Robideaux’s enthusiasm for big data in local government. This is an issue Robideaux faces in filling three other positions in 2019 — directors for LUS, LUS Fiber and planning — all while he runs for re-election.

The complication is, it’s an election year,” Civil Service Director Adam Marcantel tells me. “Finding someone to run LUS for three months could be difficult. He may find that with IS&T, too.”

Robideaux has typically been slow to fill new positions. Current interim IS&T Director Michelle Rue has served in a temporary capacity for 10 months. Marcantel says he approached the administration in early fall last year to urge action. Caught up in the NextGEN/LUS flurry, the administration asked to revisit posting qualifications for a new director after the holidays. The administration posted the job last week.

What to watch for: Whether Robideaux ultimately fills all four open positions this year, and what talent he’s able to court. Wingerter herself was a late-term appointment in Joey Durel’s administration, she tells me, pushing back on the idea that an election year complicates the search. Technically, there’s nothing other than political pressure forcing Robideaux to make moves on these positions now. Director positions are not subject to civil service rules when it comes to vacancy, Marcantel says.

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One year from 2020, and Lafayette’s vision is blurred

Lafayette faces existential challenges that, mishandled, could derail it for a generation.

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Crypteaux trust holds first public meeting

The gist: After months of silence, the Lafayette Public Innovation Alliance finally held its first public meeting. The alliance will function as a trust for investing in innovation projects in Lafayette Parish and could serve as a vehicle for the mayor-president’s cryptocurrency and blockchain aspirations.  

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ICYMI: Earlier this year Mayor-President Robideaux proposed that LCG create a new public trust focused on developing Lafayette’s digital economy. The idea is to build a chest of cash that can help finance projects in the tech space and attract entrepreneurs to the area. It was approved by the City-Parish Council in July, but the first meeting wasn’t held until today.

LPIA elected its officers. Joel Robideaux (who appointed himself to the board) was elected chairman, Louisiana Economic Development VP Mandi Mitchell vice chairman, and UL professor Ramesh Kolluru secretary/treasurer. The other trustee in attendance was Bruce Greenstein, an LHC Group executive and former U.S. Department of Health and Hospitals CTO. The fifth and final trustee, Waitr CEO Chris Meaux, was unable to attend.

Robideaux floated exploring contracts with other entities to help manage the LPIA until the trust is able to afford to hire its own dedicated staff. (It’s got $100 of Robideaux’s own cash for seed money.) One potential partner here is UL. Kolluru indicated UL is open to such an arrangement, possibly paving the way for a cooperative endeavor agreement with the university.

Crypteaux figures in as a possible financial fuel for the trust. Robideaux recruited his campaign consultant Hilary “Joe” Castille, known for his role in City Marshal Brian Pope’s infamous press conference, and UL’s Matt Delcambre to discuss the use of cryptocurrencies issued by public entities. Castille is the architect of the “crypteaux” concept Robideaux announced earlier this year and runs with attorney Clay Burgess a company called CryptoResearch LLC, which has no formal relationship with LCG.

Castille believes private equity and VC investors are looking for safe ways to invest in cryptocurrencies and other blockchain technologies, given the crypto market’s recent trouble with scofflaws and emerging SEC scrutiny. Greenstein challenged Castille’s notion that many investors are looking to make “patient,” long-term investments like that represented in the innovation trust.
What to watch for: Where the LPIA goes from here and whether Robideaux’s crypto play has any legs. Coming out the gate, the group will look at traditional funding sources like economic development grants and think through issuing a municipal cryptocurrency. The trust will likely meet again in March.

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Crypteaux could weather the crypto winter

The gist: If you read the tech blogs, there’s been a big crunch on the crypto market. After a bonkers 2017, the SEC has become a major buzzkill, signaling intent to sheriff the crypto wild west. That could actually make LCG’s crypteaux concept more attractive.

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I don’t understand anything you just said. That’s OK. The broad strokes are that Mayor-President Joel Robideaux announced this year that he wants Lafayette to launch a digital currency as an alternative means of public finance. Last year there was a gold rush on the stuff, particularly around Bitcoin, with cryptocurrencies netting billions in profits for investors. There’s been something of a correction in the sector this year, capped off by a ruling by the SEC that initial coin offerings – called ICOs — should register with the federal government and be regulated like any other type of security. Observers have suggested that the developments frosted over what was once the hottest place for investment.

Ok, I understand it marginally better. Good deal. So here’s the thing, lots of people tried to cash in on the cryptocraze. There are digital currencies that support journalism, others that pay cam girls. In Ohio, you can pay your taxes with Bitcoin. The sector attracted a lot of criminal actors and folks that plain didn’t know what they were doing. In a recent talk, Crypteaux architect Joe Castille — perhaps better known as a political consultant, and the ghostwriter of Brian Pope’s demise — characterized the world of crypto entrepreneurship as one lousy with naifs waving white-papers. There’s an argument to be made that the SEC’s ruling will clear out the riff raff like a brushfire, leaving only vetted concepts to thrive in a healthier crypto ecosystem.

Keep in mind that municipal securities are exempt from SEC registration. At least that’s what Investopedia tells me. So while it’s tempting to fear the SEC’s rules on ICOs as a valve closing, in theory a municipally backed ICO could squirt through the regulatory gaps. “Different laws apply,” Castille tells me.

What’s the latest on crypteaux? That’s unclear at this point. Robideaux set up a public innovation trust earlier this year — and put himself on it — but the board has yet to meet. The parishwide trust is a possible vehicle for funds raised in a municipal ICO. LCG recently paid IBM and mega-consultant KPMG $150,000 for developing a Smart City road map that suggests crypteaux and e-residency, concepts championed and researched by Castille, are worth exploring. Castille and his new company, Crypto Research LLC, studies the application of cryptocurrencies and blockchain — a whole other enchilada —in the public sector as a means of addressing budget problems in tax-averse communities. Sound familiar?

Is this crazy? Not necessarily. But it’s a thorny space and one likely to be a tough sell for your average voter. Just because the SEC’s recent crackdown doesn’t necessarily apply to crypteaux doesn’t make the path forward clear.

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Council approves a new innovation trust, a possible ‘crypteaux’ vehicle

▸ The gist: On Tuesday, the Lafayette City-Parish Council voted to approve the creation of a new public trust, called the Lafayette Public Innovation Alliance, and seat its first trustees. They were approved to serve five-year terms by the City-Parish Council. Future trustees will be nominated by the mayor-president and approved either by the city-parish council or, if the proposed charter amendments pass, by the parish council. Robideaux named Lafayette Parish the beneficiary of the trust.

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▸ The trustees are:

  • Chris Meaux - CEO of Waitr
  • Bruce Greenstein -  EVP, chief innovation and technology officer at LHC Group
  • Mandi Mitchell - assistant secretary of Louisiana Economic Development
  • Ramesh Kolluru - VP for research, innovation and economic development at UL Lafayette
  • Joel Robideaux

▸ Uh, what do they do, exactly? The primary goal of this trust is to produce and attract more technology and software development talent in Lafayette. There are no local public dollars being invested into the trust at this time — although Robideaux did offer to throw in the first $100 if that was required to make it kosher. The intent is to leverage the trustees’ contacts nationwide to find grants and get the trust funded and off the ground.

“Certainly any effort regarding a Lafayette-based cryptocurrency would naturally fit within the goals of the trust as I see them,” Robideaux wrote in an email. “More specific, if Lafayette develops a digital token and that token can generate seed money for the trust, then I would be elated.”

▸ What to watch for: Innovation districts. Robideaux indicated the fund could finance innovation districts that would help the region attract new talent. “We need to produce more talent locally, or implement a strategy to attract talent from other places…specifically technology talent,” he said at the meeting. While there was nothing specific about what that might entail, the idea resembles similar efforts underway in Chattanooga, which claims to be the first mid-sized city to establish an innovation district.

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Cashing in on blockchain What does that mean for Lafayette?

The mayor’s cryptocurrency cash grab took the lead in local day-after headlines, but it may be worth paying more attention to his interest in blockchain

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