Internet billionaire and Dallas Mavericks owner Mark Cuban has his own plan to stimulate the U.S. economy, and he's looking to entrepreneurs for help. Here's the pitch from his blog:

You must post your business plan here on my blog where I expect other people can and will comment on it. I also expect that other people will steal the idea and use it elsewhere. That is the idea. Call this an open source funding environment.
If its a good idea and worth funding, we want it replicated elsewhere. The idea is not just to help you, but to figure out how to help the economy through hard work and ingenuity. If you come up with the idea and get funding, you have a head start. If you execute better than others, you could possibly make money at it. As you will see from the rules below, these are going to be businesses that are mostly driven by sweat equity.

Cuban's got a pretty intense set of rules for businesses to qualify for funding: no revenue can come from advertising, it must be cash flow break even within 60 days, and it must be profitable within 90 days. So far the rules don't seem to have scared off too many budding entrepreneurs -- 421 replies have already been posted.

Cuban was a guest on our podcast back in October, and we blogged about the SEC complaint against him in November.

categories: Players

3:57 - February 11, 2009

What is this?

Share