Wednesday, February 18, 2009

Money for Transparency

Usually, business plans are hatched in secrecy. Internet billionaire Mark Cuban is taking a different tack: offering entrepreneurs funding in return for transparency.

In a blog post this week, Cuban asked startup and existing companies to post their business plans on his blog for anyone to see and comment on � in return for the possibility of an investment from him.



Cuban said in an e-mail that he thinks the faltering economy will rebound more quickly if people feel confident about starting their own businesses, and that providing a route for people to get funding and share ideas might encourage people to take a chance and go for it.



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[Source: A Small Business Blog and Small Business Tips Related to Growing, Marketing and Managing a Small Business.]