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The Mark Cuban Stimulus Plan

February 18, 2009

For those of you who don’t know, Mark Cuban is a billionaire, and he has his own idea about how stimulate the economy:

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.

…I will invest money in businesses presented here on this blog. No minimum, no maximum, but a very specific set of rules.

Mark calls his plan “open source funding,” because in order to seek funding from him, a business owner has to present their business plan on his blog with the intent that others may (and should) copy the plan in establishing their own businesses.

So far, Mark reports that he is considering funding 12 of the businesses that have been submitted on his blog, and appears to be open to more.

Can I just say that I love this idea!  Mark is actually stimulating the economy by helping build business and he’s doing it by investing, which will do much more for the economy, the businesses, and the people involved in both the long and short runs than any multi-billion dollar government boondoggle ever will.

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Categories: Finance & Economy Tags: ,
  1. February 27, 2009 at 8:49 PM

    Mr. Cuban,
    We have an event in it’s second year in Abilene, TX called SPRINGBOARD IDEAS CHALLENGE. It is open to all 5 Universities in town plus all residents in Taylor County. The inaugural event in 2008 was very successful and we awarded $30,000 in prizes. This year the prize pool will be $40,000. Your accomplishments and your stimulus challenge put you in a great position to be our keynote speaker for the April 25 awards dinner. We expect 400 people in attendance and somewhere around 75 to 100 entries.
    We have the award money and expenses covered by businesses and friends, including Silicon Valley Bank in Santa Clara, CA. You are the perfect fit to be our feature speaker.
    Thank you for considering this.

    James R. Porter
    Entrpreneur in Residence
    Abilene Christian University
    832-724-9590

    • Michael Dozark
      February 27, 2009 at 10:36 PM

      Your challenge sounds very interesting, but I’m not Mark Cuban. His blog is here.

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