Tuesday, February 10, 2009

Mark Cuban Wants To Stimulate You And The Country

Have you ever had an idea and thought that if only someone was willing to give you money for it you could make a million dollars?  Well now is your chance kids.  Dallas Mavericks owner Mark Cuban has decided to invest his own money into anything that he thinks is a good idea in order to help build the economy back up.  There are some rules though:

  • It can be an existing business or a start up.
  • It can not be a business that generates any revenue from advertising. Why ? Because I want this to be a business where you sell something and get paid for it.That's the only way to get and stay profitable in such a short period of time.
  • It MUST BE CASH FLOW BREAK EVEN within 60 days
  • It must be profitable within 90 days.
  • Funding will be on a monthly basis. If you don't make your numbers, the funding stops
  • You must demonstrate as part of your plan that you sell your product or service for more than what it costs you to produce, fully encumbered
  • Everyone must work. The organization is completely flat. There are no employees reporting to managers. There is the founder/owners and everyone else
  • You must post your business plan here, or you can post it on slideshare.com , scribd.com or google docs, all completely public for anyone to see and/or download
  • I make no promises that if your business is profitable, that I will invest more money. Once you get the initial funding you are on your own
  • I will make no promises that I will be available to offer help. If I want to , I will. If not, I wont.
  • If you do get money, it goes into a bank that I specify, and I have the ability to watch the funds flow and the opportunity to require that I cosign any outflows.
  • In your business plan , make sure to specify how much equity I will receive or how I will get a return on my money.
  • No multi-level marketing programs (added 2/10/09 1pm)

  • For more information on this, head to his blog here.

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