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Tuesday, February 10, 2009

The Mark Cuban Stimulus Plan - Open Source Funding

If you have an business idea you've been kicking around for a while, now might be the time to give it the float test. Mark Cuban, entrepreneur and owner of the Dallas Mavericks basketball team, would like to hear your business idea. If it passes his muster, he will provide the start up capital you need.

While there are a few caveats, there is also a lack of the restraints usually required to obtain venture capital. Cuban thinks that he can leverage some of his wealth to stimulate the economy. If he funds start ups that create jobs (one of the requirements)they will put meaningful investment, that has tangible results, into motion. The theory is that these start ups will also spur innovation and free up lending by creating new business that traditional investors will want to back.

It all sounds a little too good to be true, but it is an opportunity that you may never have again. Nothing is free, but the terms that Cuban demands aren't unreasonable. Some folks, as you see by posts on his blog, are very leery of posting their ideas on public place. This is an opportunity for some people, but many are too stuck in the traditional way of thinking to realize what they are being offered.

You can read more and decide for yourself here...

The Mark Cuban Stimulus Plan - Open Source Funding
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