4

Maverick stimulus: Sell stuff, not ads


 

Not Happy with what Washington is doing, Mark Cuban has decided to start his own stimulus program, which he calls “open source funding”. Here are (some) of the rules (my bold):

1. It can be an existing business or a start up.
2. 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. Thats the only way to get and stay profitable in such a short period of time.
3. It MUST BE CASH FLOW BREAK EVEN within 60 days
4. It must be profitable within 90 days.
5. Funding will be on a monthly basis. If you dont make your numbers, the funding stops
6. 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
7. Everyone must work. The organization is completely flat. There are no employees reporting to managers. There is the founder/owners and everyone else


 
Filed under:

Maverick stimulus: Sell stuff, not ads

  1. I follow his blog on my daily schedule. He’s all over the place but always in an interesting way.

  2. This guy is interesting! it is not often that I come across new ideas that are indeed new as more often than not merely variations on pre-existing themes, but this guys blog (thanks Sys) is well worth lurking about.

  3. I’m a huge fan of Cuban. He’s always interesting, always pushing. Classic risk-taker, IMO.

    • Over 600 “comments” on that post. The “open source” concept ….. not a lot of traction. A number of can-I-whisper-in-your-ear proposals.

Sign in to comment.