Small businesses are under financed.
That’s obviously not a shocking statement by any means. I meet a lot of folks who have really good ideas (a job perk…people seem to love discussing their concepts with The Idea Guy) and lack the resources to bring their vision to market. Some organizations like YCombinator are working to change that by placing more emphasis on the idea than the business plan. Still, lack of capital keeps a lot of good stuff from happening.
Hmmm…
What about a YCombinator type of lottery? Once a company has been vetted (meaning that some actual pros have looked at the concept and said ‘yep, that could work’) the organizing entity could raise capital through a lottery. If you get the winning numbers, you are entitled to products, services or future revenue (if the company becomes profitable). Is it the best revenue plan ever? Nope. But now is the time to think differently. Besides, what’s the risk?
