don't know if anyone is interested, but I saw this posted on packpride. Thought about Tech Talk, but figured it would get more traffic here. Please move if it should be somewhere else.

http://forums.scout.com/mb.aspx?S=178&F=2531#s=178&f=2531&t=962119

9/8/2007 9:34:14 PM

i dont really get this

why would people with potential business ideas submit them to this website, and hope that their ideas don't get ripped off?

9/8/2007 11:28:19 PM

not a member so I can't see it, but it's got to be stupid

9/9/2007 2:25:30 AM

Quote :

"but it's got to be stupid"

9/9/2007 10:16:39 AM

^^you don't have to be a member to see the free boards . . . only to post. This is what the first post says:

Quote :

"Just to give you guys a heads up. The company I work for is holding a contest for NCSU students (and alums) who have good web ideas. The grand prize is 15K plus office space, computers, etc. All the stuff you need to be called a crappy startup company. We tried to do this last year and only got a couple of entries that we passed on. That said, this year we have committed to giving the money out no matter what. So that means if the best idea is a web based system to track toe nail growth..... Check it out. www.myfirststartup.com "

9/9/2007 10:54:09 AM

sounds pretty suspect

9/9/2007 11:00:48 AM

they probably take a large percentage of ownership if you accomplish anything marginally successful.

9/9/2007 11:07:16 AM

people with good ideas dont do shit like this

9/10/2007 8:19:25 AM

people with good ideas dont do shit like this

9/10/2007 11:26:55 AM

This where the best business ideas are:

http://www.halfbakery.com/

-- Dave

9/10/2007 11:45:07 AM

This is legit.

They did this last year and then canceled the contest because it's not worth the investment. And I don't think anyone actually submitted a viable idea. I'd planned to enter with robster, but it's an insane commitment for almost no payoff

[Edited on September 10, 2007 at 2:47 PM. Reason : .]

9/10/2007 2:47:04 PM

Quote :

"not a member so I can't see it, but it's got to be stupid "

Won't come up for me either, it says I need to be a member.

9/10/2007 3:10:43 PM

^ not reading threads, ftw

9/10/2007 3:36:23 PM

Oh I read this.. just pointing out can't see the other forum either

9/10/2007 3:38:33 PM

I tried to visit their site today (http://www.myfirststartup.com/) and it is not working. When I read their forum the other day, they said if you win the prize, they will get a 50% stake in your company. That sounds a lot for 15K if your idea is great.

9/17/2007 2:49:17 PM

^It's a complete ripoff. There are plenty of small VC's you can get 20-25K of startup and only have to give up a 20% company stake, and they don't make you go at it competition style.

It's no wonder no one entered this last year.

9/17/2007 3:14:23 PM

Quote :

"people with good ideas dont do shit like this"

/

9/17/2007 3:15:58 PM