[Invictus Proposal] Shark Tank Model

[Techs_Us_Inc]

Thank you for responding.

[mint chocolate chip]

Is there a listing of any winners? (I did not see one)
It was a good idea worth repeating....

It was a proposal that they ended up not doing. Can't recall why.

I think it was Brian Page's idea and was deemed to not be cost effective.

[CLains]

Is there a listing of any winners? (I did not see one)
It was a good idea worth repeating....

It was a proposal that they ended up not doing. Can't recall why.

[Techs_Us_Inc]

Is there a listing of any winners? (I did not see one)
It was a good idea worth repeating....

[CLains]

Shark Tank Model

Cited from the February Newsletter.

Bring us your business plan, win the hearts and minds of our community, and get past the industry leaders on our Panel of Judges at our Las Vegas Beyond Bitcoin Summit and you could win our support in incubating your new company.

What are the prizes?

Incubation, consultation, support and promotion.
In addition, there might be cash prizes. Invictus?

How do I become a finalist in the competition?

1. Start a discussion thread in our forum where you explain your idea to everyone.
2. Commit to honor the BitShares Social Contract as your first posting there.
3. Explain your qualifications, resources and the kind of start-up help you are seeking.
4. Submit a synopsis (2000 words max) as a .pdf file published in your forum thread.
5. Be chosen as a finalist by our “shark tank” Panel of Judges.

Proposed judging criteria

1. Business model. How does your DAC make money for its shareholders?
2. Technical approach. What are the underlying technologies you will use?
3. Regulatory environment. Have you selected a favorable legal jurisdiction?
4. Team Qualifications. Does your proposed company have what it takes to succeed?
5. Diversity. Does your company bring participation from other
regions of the globe.
6. Popularity. How much donation-backed grass-roots support do you have?

What happens if I become a finalist?

If you were chosen as a finalist, we can help set up an “angel shares” style escrow account for you to receive donations from patrons who believe in your idea and want to capture an early stake in it.

It would be up to you to define a proposed social consensus that will attract donations to your cause. This is a way the BitShares community could “vote” for your idea and the amount you raise by some deadline would be a factor in the judges’ decision.

Then you might be invited to do the following:
1. Submit a formal proposal (10,000 words max) following rules to be published.
2. Present a 30-minute sales pitch to our judges and audience in Las Vegas.
3. Participate in a 20-minute question period with our audience and judges.

After up to five finalists have presented, the judges would announce the first BitShares shark tank
winner. Even if you don’t win, the publicity and support gathered from the competition would give all finalists a big head start. The result could be up to five new DACs for PTS and AGS holders to own and support.