Mark Cuban sets the looters straight.

Mark Cuban recently dissected an email he received from a would-be entrepreneur pitching his idea for dollars and failing spectacularly. It’s a good read and illustrates that anyone with a piece of paper and a crayon can create a business plan. Which leads me to Rule No. 1:

Don’t get caught-up in the “mysticism” of being included in a private placement.

Usually it’s the same pitch as the guy on the corner with an outstretched hand, the difference being the “entrepreneur” is dressed better and has a longer laser printed sign.

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