Mark Cuban Launches "Open Source Funding" Experiment

Authored by Mark Hefflinger on February 11, 2009 - 8:53am.

Los Angeles - Dallas Mavericks owner and entrepreneur Mark Cuban has launched an "Open Source Funding" experiment via his blog, billing it as an economic stimulus plan that "hopefully could inspire people to create businesses that could quickly become self funding."

Existing businesses or start-ups are encouraged to post their business plans on Cuban's blog for all to see; if Cuban deems the venture worthy of funding, he may do so -- under a set of conditions.

Among them, the venture may not generate any revenue from advertising, and must be cash flow break even within 60 days and profitable within 90.

"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," Cuban wrote.

"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."

Related Links:
http://snipurl.com/bpflv (Blog Maverick)

Published in DMW Daily, February 11, 2009

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tags: Deals | VC | Mark Cuban | Investments |

Comments

Does any business that must

Submitted by Jake Ludington (not verified) on February 11, 2009 - 5:02pm.

Does any business that must be cash flow break even within 60 days and profitable within 90 really need funding? If you can prove out the revenue, a loan makes more sense so you keep the equity.