Today folks are gathered at the Computer History Museum in Mountain View, California to celebrate the 50th anniversary of the Mother of All Demos (“MOAD”), a notorious event held in 1968 in San Francisco’s Civic Auditorium, where SRI’s Douglas Engelbart and others demonstrated computer systems they were developing and which many folks point to as one of the most important events to presage and shape our digital technology environment today.
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!
- Let it ride (ie, buy $9 worth of Powerball tickets for the next drawing)
- Liquify (ie, buy a pitcher of beer for LoT board members at the next LoT Happy Hour)
- 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.
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: