lottery

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.

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