lol, I can picture it as well... it brings to mind that memorable quote from the movie Contact:
"What's the first rule of government spending...? Why buy only one when you can have two for twice the cost?"
This entire venture feels like the startup equivalent of Gigli: it seemed ridiculous before it was released, and even more ridiculous afterwards.
It'll be enterprise!! It can't possibly fail, and I'm sure they have the powerpoints to prove it.
(having worked for banks/government... I can imagine how the $100 million will be spent... and I can only laugh).