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"why whould you need Mark Cuban?" From the hip, I'd say it's a helluva PR opportunity, a chance to be in business with Mark Cuban (which some folks might reall
by webwright 18y ago
"why whould you need Mark Cuban?"
From the hip, I'd say it's a helluva PR opportunity, a chance to be in business with Mark Cuban (which some folks might really value), and would allow you to take a bit more of a risk than you otherwise might be able to.
Like YCombinator, I'd imagine selling him a bit of equity would increase your shot at success.
- ojbyrne 18y agoI don't think Ycombinator is as restrictive. In this case the bit of equity seems to involve a lot of control, including monthly reports on financials, and control over hiring and day to day duties (that's what the bit about "no managers, everybody works" implies).
- rms 18y agoYes, but Mark Cuban has to offer better valuations, no one but the micro seed funds can reasonably invest 20k for 5%. And if Mark Cuban really wants to micromanage my company, I'd humor him.
- ojbyrne 18y agoWho says he has to offer better valuations? The last line seems pretty relevant - "Im sure I will come up with more rules as I see what comes along, if anything." You can probably get a better deal from the SBA.
- SwellJoe 18y agoHe'd have to nail down the rules at some point--you can't sign a contract that isn't written. So, you'd know what you're getting yourself into before getting into it.
- deleted 18y ago[deleted]
- rms 18y agoSeriously, I'd give Mark Cuban equity for free just to be able to say I was funded by him. It gives you a lot of free credibility.
- ojbyrne 18y agoGiving him equity for free is probably a better deal.
- anewaccountname 18y agoA lot of free credibility with who, the SEC? =)