Start Up Lottery
Out of context: Reply #7
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- BuddhaHat0
I love the idea of flipping kickstarters on their head. The main issue I see with it is achieving the critical mass required for the lottery to deliver sufficient returns to make the effort worthwhile for what would presumably need to be a large number of start-ups and entrepreneurs. If you only get 100 start-ups to buy 100 x $1 lottery tickets each, then you've got a pool of $10,000. A 100 to 1 chance of only getting $10,000 in seed money might not be a sufficient incentive. I'd like to know what others think?
Also, these are the same people who, in the traditional model, are seeking funding/seed money from others to drive the development of their concepts at the fledgling stages. Asking them to push money out of their business as opposed to pulling it in at this point in the game might seem counter-intuitive to some start-ups.