Feeling Mavericky? This week's offer by broadcast.com billionaire Mark Cuban to provide stimulus funding for entrepreneurs offers a few guidelines that the public sector might do well to imitate.
As the federal job-creation stimulus package rolls out with $30 million taxpayer dollars earmarked for Nancy Pelosi's favorite kind of mouse, Cuban's open source funding offer lays out a few ground rules worth noting:
- Your plan must be posted publicly - transparent and imitable
- 60 days to break-even
- 90 days to show a profit
- Flat organizational structure
- No guarantees of continuation
- Cash flow is monitored
- No Multi-level marketing
- (best of all) Any agreement with Mark will be published openly
Want to take a shot at the cash (no minimum and no maximum) for your current or startup business? You can see the full details of Cuban's offer posted in his blog here.
