A couple things come to mind when I see stuff like this...
#1, Cable TV and Satellite services are going to go extinct. (Good.)
#2, As more and more networks start to "broadcast" online, ISPs are going to have their hands full. The move to cap users who download too much (too combat bittorrent) is going to have to stop. Quickly.
Yeah, but Graham is playing the numbers.
Assume he has ten "winners" who get the $5,000 investment--let's make it a grand total of $100,000 rather than $50,000 in case a few of them have two or more owners. If only one of them winds up with a net worth of $10 million (which is not all that much for a company), his investment across ten companies is now worth $500,000. And that's only if every other one completely bombs.
And this isn't a blind investment--the entire "program" consists of him hearing what their business plan is and helping them tweak it to make it better. By the time they become a "winner," Graham already knows if they have something potentially profitable or a complete bomb and a great deal about the wannabe CEOs.
In the end, this just winds up being a sweetheart deal for Graham.
So for $5000, they get 5% of a startup that could be worth millions. Yeah--the math on that sounds fan-freaking-tastic.
This sounds like IT's answer to Tony Robins, part self-help program and part scam.
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Weird--I keep hearing this voice saying, "I'm not dead yet!"
A couple things come to mind when I see stuff like this... #1, Cable TV and Satellite services are going to go extinct. (Good.) #2, As more and more networks start to "broadcast" online, ISPs are going to have their hands full. The move to cap users who download too much (too combat bittorrent) is going to have to stop. Quickly.
Microsoft wants to take on FOSS? Oh, this oughta be hilarious. This is going to make the SCO debacle look like "Great Moments in Brain Surgery."
Yeah, but Graham is playing the numbers. Assume he has ten "winners" who get the $5,000 investment--let's make it a grand total of $100,000 rather than $50,000 in case a few of them have two or more owners. If only one of them winds up with a net worth of $10 million (which is not all that much for a company), his investment across ten companies is now worth $500,000. And that's only if every other one completely bombs. And this isn't a blind investment--the entire "program" consists of him hearing what their business plan is and helping them tweak it to make it better. By the time they become a "winner," Graham already knows if they have something potentially profitable or a complete bomb and a great deal about the wannabe CEOs. In the end, this just winds up being a sweetheart deal for Graham.
So for $5000, they get 5% of a startup that could be worth millions. Yeah--the math on that sounds fan-freaking-tastic. This sounds like IT's answer to Tony Robins, part self-help program and part scam.
Oh, wonderful. How long before Uri Geller starts going apeshit on Myspace?
How long before Al Gore makes a movie about it? :D