From the hip, I'd say it's a helluva PR opportunity, a chance to be in business with Mark Cuban (which some folks might really value), and would allow you to take a bit more of a risk than you otherwise might be able to.
Like YCombinator, I'd imagine selling him a bit of equity would increase your shot at success.
I don't think Ycombinator is as restrictive. In this case the bit of equity seems to involve a lot of control, including monthly reports on financials, and control over hiring and day to day duties (that's what the bit about "no managers, everybody works" implies).
Yes, but Mark Cuban has to offer better valuations, no one but the micro seed funds can reasonably invest 20k for 5%. And if Mark Cuban really wants to micromanage my company, I'd humor him.
Who says he has to offer better valuations? The last line seems pretty relevant - "Im sure I will come up with more rules as I see what comes along, if anything."
He'd have to nail down the rules at some point--you can't sign a contract that isn't written. So, you'd know what you're getting yourself into before getting into it.
From the hip, I'd say it's a helluva PR opportunity, a chance to be in business with Mark Cuban (which some folks might really value), and would allow you to take a bit more of a risk than you otherwise might be able to.
Like YCombinator, I'd imagine selling him a bit of equity would increase your shot at success.