Startup/Real World MBA Idea: Fantasy VCPosted: June 28, 2010
I just read Tim Ferriss’ new blog post about creating your own Real-World MBA. Basically Tim, took the $120k business school would have cost and put the money into a micro angel investing fund, the “Tim Ferriss Fund”. His primary objective was to learn from the experience and planned for the whole thing to be a sunk cost. I thought of an idea for those who don’t have $120,000 sitting around…
I was thinking it would be pretty cool if there was a fantasy version of angel investing just like there is for football and the stock market. Aspiring entrepreneurs and angel investors could try their hands at investing in a no risk manner. Certain fantasy investors who perform well might even be able to influence actual angel investors and VCs. A large part of the experience of angel investing couldn’t be recreated but at least some of it could and I think a lot of people could learn through the process.
What do you think of the idea? How could it be improved?
PS: It has been a while since I have blogged and I am not sure how often I will blog in the near future. Hopefully I will feel inspired often.
* FYI, Tim wrote the 4 Hour Workweek and coined the term “lifestyle design” and discusses the benefits of optimization and outsourcing in business.