Recently Peter posted an interesting piece on Mark Cuban’s solution to stimulating the economy. While I agree in principle that entrepreneurship is the way to make things happen, one could question Cuban’s motives in his approach. Actually last night one of USC’s great grad students did question those motives, so I’m sharing his thoughts in my post. His name is Tom Grasty and it would be great to hear what you think of his take on Cuban.
From Tom: Self-deprecating candor aside, I expected this latest brainchild by one of the world’s most effusive billionaires to be dismissed out of hand. Boy was I wrong. As of Tuesday night, nearly 2,000 people have posted to Cuban’s blog. Sure, some have been dismissive: “We would love to present our business plan to you but not over a public domain.” Some snarky: “If I am going to start something with sweat equity and reach profitability within 60 days why do I need outside money?” But most have been supportive, even encouraging of Cuban’s “open source funding” experiment. Aspiring entrepreneur Alain Raynaud summed up his support in five words: “Ask and you shall receive.” And I’ll be darned if Alain didn’t post his entire business plan, front to back.