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Do You Wish You Were Mark Cuban?

February 16th, 2009 @ 2:15 pm

Categories: Economy, Entrepreneurialism, Executive Focus, Finance, Innovation, Management, Opinion, Private Equity, Rant, Shareholder Activism, Strategy

Tags: Idea, Mark Cuban, Open Source, Steve Tobak

I don’t know what to make of Mark Cuban. He’s either one of the luckiest SOBs around or the only dot-comer smart enough to sell his business for billions at the peak of the bubble. One’s thing’s for sure: Mark Cuban polarizes people. Folks either think he’s a self-serving blowhard with a billion dollar platform, or a successful businessman with something to add to society.

I’m wondering what the business community thinks of this guy. Do you hate him or want to be like him? Here are a few questions to consider, all referring to his much blogged about post: “The Mark Cuban Stimulus Plan - Open Source Funding.”

Do you wish you could name a stimulus plan after yourself?

Do you wish you could take a national crisis and make it all about you?

“I just needed a way to help. So here it is. Some people will love it, some will hate it. It is what it is.”

Do you wish you could get people to give away their business plans to the entire world? 

“You must post your business plan here on my blog where I expect other people can and will comment on it. I also expect that other people will steal the idea and use it elsewhere. That is the idea. Call this an open source funding environment.”

Do you wish you could get people to work like a dog with little chance of benefiting?

“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. 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. As you will see from the rules below, these are going to be businesses that are mostly driven by sweat equity.”

Do you wish you could have your own Ten (or 13) Commandments?

“I will invest money in businesses presented here on this blog. No minimum, no maximum, but a very specific set of rules. Im sure I will come up with more rules as I see what comes along, if anything.”

Do you wish you could say “take it or leave it” and omit punctuation?

“As I find businesses I like, I will use the email address you provide before you post to get in contact with you. There will be a standard agreement, you can take it or leave it. Im not going to claim a minimum or maximum amount or total I will invest. Im not promising I will definitely invest anything. If nothing comes along that I think is viable, thats the way it goes.”

Do you wish you could get 1,397 comments like:

  • “Mark - Awesome. In all honesty I was hoping that you’d offer something like this up at some point.”
  • “This is the best stimulus plan I’ve seen so far.”
  • “Wow, transparency and accountability. What a concept!”
  • “I love the “open source” aspect.”
  • “This is just brilliant …”
  • “Very very cool idea Mark. Might lead to something big.”

So, did you answer yes to any of the questions? If you did, then you may wish you were Mark Cuban. 

You know what I think? Hard to say; I’m too nauseous to think. Which leads me to my final question: Are we really a nation of sheep just waiting to drink from anyone’s Kool-Aid trough, or do they have to be condescending billionaires?

[photo: AP]

 
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  •  
    1

    AntonioCenteno

    02/16/09 | Report as spam

    I don't want to be Mark Cuban - I'm happy being Me!

    Steve,

    I thought you were off base on this article, although I appreciate you writing it because I had no idea Mark was doing this. I like the idea?.no one is being forced to submit anything and he will fund a few of them. Seems a lot more transparent than getting it in front of a VC or Angel?..who knows how many investors and businesses it will connect on side deals.

    Good ideas are a dime a dozen ? it is all about persistence, execution, persistence, passion, and persistence. Maybe if you have the next Hotmail or something you need to guard it ?.but most of us entrepreneurs need to realize that?s it?s what you do after the idea and the team you form around it. And persistence.

    Your first question was that do you wish you could name a stimulus plan after yourself? Well, why not? If you have money to lend, lend it or seek an entrepreneur to lend it to for some equity or a steady return. The whole problem right now (besides the debt!) is that most people are so scared of losing their money they refuse to put it to work.

    I would love to expand my company with an investment from Cuban (of course?.assuming I got a great deal!), but you won?t see my plan up there because I am going other routes. But I love that he gives small business owners like me more options.

    Antonio Centeno
    President, A Tailored Suit
    http://www.atailoredsuit.com/
    Learn how to dress properly with our free articles on men?s style

  •  
    2

    aimcbt@...

    02/17/09 | Report as spam

    RE: Do You Wish You Were Mark Cuban?

    "self-serving blowhard" sums it up, I think.

  •  
    3

    DLNK

    02/25/09 | Report as spam

    RE: Do You Wish You Were Mark Cuban?

    The question should really just be posed to those other self-made billionaires, don't you think? There isn't a one of us reading this that can possibly relate.

  •  
    4

    DLNK

    02/25/09 | Report as spam

    RE: Do You Wish You Were Mark Cuban?

    This question should really just be posed to those other self-made billionaires, don't you think? There isn't a one of us reading this that can possibly relate.

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Blogger Profiles

  • Blogger Thumbnail Steve Tobak Steve Tobak is a marketing and strategy consultant based in Silicon Valley. He's a 20-plus year high-tech industry veteran and former senior executive of a number of public and private companies. He also wrote the popular blog Train Wreck for CNET. When he's not airing corporate America's dirty laundry and helping companies solve their problems, Steve likes to play with gadgets and animals and drive his wife crazy. Find out more at Invisor.net. more »

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