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1
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1
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Mark Cuban Opensources Investing

TheFunded.com Open Letter

Posted by fnazeeri on 2009-02-09

PUBLIC:

Check out this blog post. Adeo, you could ring Mark and see if you can connect him w/ TheFunded....you're already doing everything he's suggesting but 100 times better!

Posted by alain94040 on 2009-02-10 01:12:28

Intriguing, isn't it?

It's unclear how much the open process will hurt, since entrepreneurs will be reluctant to share really good ideas. But I'm a believer in "crowdsourced" startups, so anyone who is going in that direction deserves praise in my book.

[PS: I also was the first to submit a BP presentation on the blog]

Posted by Anonymous on 2009-02-10 01:33:32

@1 - your company will be cash flow positive in 60 days and profitable in 90 days? I'm curious to know what kind of company that is. Can you elaborate or give us a link?

Posted by pnkearns on 2009-02-10 12:22:05

This is a well meaning, but silly blog. Items 3 & 4 show this proposal has no credibility.

3. It MUST BE CASH FLOW BREAK EVEN within 60 days
4. It must be profitable within 90 days

Hell, if you have this type of business model, then just take out a peronal loan, rake in the money and retire. Shazaam.... you're the next Bill Gates!

Oh.... wait a minute. I recognize the business model. Loan sharking isn't legal.

Posted by Anonymous on 2009-02-10 12:48:43

I agree, cash flow break even in 60 days. The only type of business that has this potential is a mom and pop operation selling ice cream.

Posted by alain94040 on 2009-02-10 12:55:09

As heard on HN, he is probably targeting mom and pop stores, not Silicon Valley startups.

Posted by Anonymous on 2009-02-10 21:11:59

Oh boy. All these guys with big egos and plans that are not well thought out. Oh well, I guess he does have the money.

Posted by Anonymous on 2009-02-10 21:17:00

http://en.wikipedia.org/wiki/Mark_Cuban
and his claim to fame is that he was the luckiest person in selling a .com company in 1999 right before the crash. It's not like he build anything impressive. Oh well, I guess money talks.

Posted by Anonymous on 2009-02-11 04:05:53

Oh, geez, I started reading down some of the many posts on the blog, what a freakin circus.

Cuban deserves a bit of credit for (attempted) creativity and trying to give back, but the more I read his various half-baked blog posts, the more apparent it is that his fortune was being one lucky guy.

Posted by SevenX on 2009-02-11 18:35:22

Jeez Louise...this is just sooooo inane, for sooooo many reasons...

Posted by Anonymous on 2009-02-11 21:25:42

This is stupid. What an embarrassment for Cuban.

Based on his rules, he's only getting simple companies with the potential to generate income for the founder and for Mark Cuban. *Nothing* that creates any scale of employment or business growth potential. This is NOT what the US economy needs.

If he really wants to help, it would be far better for him to award investment for the top 10 proposals that will create 100+ jobs within x years. Or something like that.

Posted by arbitrage on 2009-02-12 03:01:52

His own comments on some of the proposals there reveals that he has very little substance. He is a lucky man.