Why would you do that?

Well, Mark Cuban has just asked people to do just that here. It is his “Open Source Funding” plan to help kick start the US economy by creating jobs.  He says “Rather than trying to be a Venture Capitalist, I was looking for an idea that hopefully could inspire people to create businesses that could quickly become self funding. Businesses that just needed a jump start to get the ball rolling and create jobs. I’m a big believer that entrepreneurs will lead us out of this mess. I just needed a way to help.”

To qualify, businesses need to be cash flow break even within 60 days and be profitable within 90 days. So what sort of business could that be? How about a UK start up with a product ready to be shipped and a business model that could work in the US? Why wouldn’t you want Mark Cuban to help you launch in the US? Did I post our business plan on his blog? Of course I did.

UPDATE (15th Feb): 1,300 comments and counting!

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• cuban will open source fund u if u have email + profitability in 90 days (benbarren.com)
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Image via CrunchBase

Mark Cuban, billionaire entrepreneur and owner of the Dallas Mavericks, makes the case for Pro sports franchises to support their local newspapers on his blog. He argues that ultimately it would cost them more in marketing than the effect that well written local news has on allowing “fans to connect and stay connected to our teams”. You can read the article on his blog here.

US sport is a very different beast to the UK market, however, I wonder if there is anything for our local newspapers, football, rugby, cricket and other sports clubs to learn from this.

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