Need money for a start-up? Especially a start-up that will be up and running in 90 days? Mark Cuban is ready to listen.
3 comments
Some interesting rules that he’s got here:
“It MUST BE CASH FLOW BREAK EVEN within 60 days.”
“It must be profitable within 90 days.”
“Funding will be on a monthly basis. If you dont make your numbers, the funding stops.”
The only problem with such broadcast sagacity is that these rules don’t see to apply to The Wise Master’s own primary investments. Mark’s stakes in all of the Mavericks/AAArena operating company, HDNet and the film businesses have all fairly consistently lost money since he became involved in these businesses. (And, despite such losses, I’d be remiss in noting that none of these enterprises seem to have any Hardware On The Shelf, either.)
Maybe Cuban earns a non-financial return from these businesses that he values more greatly than money: Cuban historically has gravitated towards The SpotLight as if a One-Man Swarm Of Gnats on a hot summer night.
But given such reality, it definitely seems a case of Do As I Say And Not As I Do.
But thanks anyway, Tim Koogle!
@ 8:31 am on February 10, 2009
If I had a business plan that was that promising, I would fund it myself.
@ 9:02 am on February 10, 2009
It’s obvious: Crack dealers.
@ 1:37 pm on February 10, 2009
FrontBurner® launched in March 2003, the first blog in Dallas run by a media organization. This is where the editors of D Magazine come to waste a tremendous amount of time.
3 comments
Some interesting rules that he’s got here:
“It MUST BE CASH FLOW BREAK EVEN within 60 days.”
“It must be profitable within 90 days.”
“Funding will be on a monthly basis. If you dont make your numbers, the funding stops.”
The only problem with such broadcast sagacity is that these rules don’t see to apply to The Wise Master’s own primary investments. Mark’s stakes in all of the Mavericks/AAArena operating company, HDNet and the film businesses have all fairly consistently lost money since he became involved in these businesses. (And, despite such losses, I’d be remiss in noting that none of these enterprises seem to have any Hardware On The Shelf, either.)
Maybe Cuban earns a non-financial return from these businesses that he values more greatly than money: Cuban historically has gravitated towards The SpotLight as if a One-Man Swarm Of Gnats on a hot summer night.
But given such reality, it definitely seems a case of Do As I Say And Not As I Do.
But thanks anyway, Tim Koogle!
If I had a business plan that was that promising, I would fund it myself.
It’s obvious: Crack dealers.