If you hand a government complete power over a critical resource, and you or your peers don't vote for that government, you will regret it.
The historical parallel to oil is not lost on Libya. Before 1850 or so, oil was just a nuisance mineral. When the West developed applications for it, Libya's territory, formerly a desert, was now worth trillions. Oil is now 95% of Libya's exports, and probably 95% of their international power too.
Libya's government evolved to defend and exploit natural resources, and they've historically done very un-democratic things to further that goal. So please, don't hand them the keys to your startup.
The historical parallel to oil is not lost on Libya. Before 1850 or so, oil was just a nuisance mineral. When the West developed applications for it, Libya's territory, formerly a desert, was now worth trillions. Oil is now 95% of Libya's exports, and probably 95% of their international power too.
Libya's government evolved to defend and exploit natural resources, and they've historically done very un-democratic things to further that goal. So please, don't hand them the keys to your startup.