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It’s harder to come up with a course of action that I can undertake on my own that possibly, somehow could make a difference. Im a big believer that entrepreneurs will lead us out of this mess. If you execute better than others, you could possibly make money at it. Once I have done the standard agreement, I will post it here for all to see. Maybe it leads to great things, maybe it leads to nothing. Im not going to claim a minimum or maximum amount or total I will invest.
My first inclination is always to try to look “for the next big thing”. As you will see from the rules below, these are going to be businesses that are mostly driven by sweat equity. It can not be a business that generates any revenue from advertising. Because I want this to be a business where you sell something and get paid for it. Im not promising I will definitely invest anything.
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. I also expect that other people will steal the idea and use it 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 dont make your numbers, the funding stops 6. Once you get the initial funding you are on your own 10. As I find businesses I like, I will use the email address you provide before you post to get in contact with you.
You must post your business plan here on my blog where I expect other people can and will comment on it. If its a good idea and worth funding, we want it replicated elsewhere. I make no promises that if your business is profitable, that I will invest more money. If you do get money, it goes into a bank that I specify, and I have the ability to watch the funds flow and the opportunity to require that I cosign any outflows. In your business plan , make sure to specify how much equity I will receive or how I will get a return on my money. No mult-level marketing programs (added 2/10/09 1pm) Im sure I will come up with more rules as I see what comes along, if anything.
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