PDX #powerballVC Reaps Rewards Worthy of Wall St

Nate Angell on 29 Sep 2008

I’m pleased to report that the first ever PDX Powerball Venture Capital fund returned earnings worthy of a Wall Street investment fund. With a generous $155 in initial capital, #powerballVC returned a stunning $9 in winnings!

After subtracting our promised 10%—or $0.90 —donation to the Legion of Tech, 31 #powerballVC fund members divide the remaining $8.10 equally to earn a whopping $0.26 each for their original $5 investment—a healthy -94.8% profit!

If you are among the lucky 31 #powerballVC fund founders, please tweet me your vote for how we should invest the fund’s current $9 capitalization:

  1. Let it ride (ie, buy $9 worth of Powerball tickets for the next drawing)
  2. Liquify (ie, buy a pitcher of beer for LoT board members at the next LoT Happy Hour)
  3. Get out now (ie, collect your 26¢ before the market crashes)

For anyone who’s interested, 3 out of our 155 powerball tickets won $3 each by matching 29, the powerball number for the Sat 27 Sep 2008 drawing. If anyone wants to look over the remaining 152 losing tickets to double check for other winners, let me know.

PDX #powerballVC

Nate Angell on 26 Sep 2008

Based on an idea by @linuxaid, we announce the first PDX Powerball venture capitalist (#powerballVC) group.

Our own Legion of Tech has been nominated as the trusted #powerballVC steward and will receive 10% of any winnings to support their awesome work to grow and nurture the local Portland community through free, educational, community-run technology events.

Anyone who gives/pledges $5 no later than noon tomorrow (ie, 12pm PT Saturday 27 Sep 2008) can join the final draw and I’ll collect your contribution later if necessary. All entrants will split the winnings equally, minus LoT’s share.

I’ll buy the greatest number of random-number tickets possible for the Saturday 27 Sep 2008 OR Lottery Powerball draw. I promise not to buy any other tickets, so any I hold win for all of us.

Pledge either by leaving your comment below (OpenID-enabled!) or tweeting me @xolotl.

Current Powerball Venture Capitalists include:

  1. adamd
  2. adronbh
  3. ahockley
  4. bl00mie
  5. betsywhim
  6. bryanstearns
  7. caseorganic
  8. chrisorourke
  9. fightingmonk
  10. geekygirldawn
  11. ginabean
  12. jslabaugh
  13. kram
  14. kveton
  15. linuxaid
  16. mediachick
  17. melissalion
  18. mettadore
  19. mtrichardson
  20. neophiliac
  21. parenthacks
  22. rael
  23. ryansnyder
  24. sblom
  25. seeger
  26. turoczy
  27. unclenate
  28. verso
  29. wajiii
  30. willnorris
  31. xolotl