So here are my conditions for an investment in your start-up:
It can be an existing business or a start up.
It can not be a business that generates any revenue from advertising. Why ? Because I want this to be a business where you sell something and get paid for it. That’s the only way to get and stay profitable in such a short period of time.
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
You must demonstrate as part of your plan that you sell your product or service for more than what it costs you to produce, fully encumbered
Everyone must work. The organization is completely flat. There are no employees reporting to managers. There is the founder/owners and everyone else
You must post your business plan here, or you can post it on slideshare.com , scribd.com or google docs, all completely public for anyone to see and/or download
I make no promises that if your business is profitable, that I will invest more money. Once you get the initial funding you are on your own
I will make no promises that I will be available to offer help. If I want to , I will. If not, I wont.
If you do get money, it goes into a bank that I specify, and I have the ability to watch the funds flow and the opportunity to require that I cosign any outflows.
In your business plan , make sure to specify how much equity I will receive or how I will get a return on my money.
Ah — sorry — these are not my rules — since I’m no billionare — but those of Marc Cuban. So feel free to mail him. Or come back to me if your start-up will be cash-flow positive within a week and break-even within two 😉