107 ideas instead of just 1!

Daniel McManus
by Daniel McManus | Feb 15, 2013
| 2 Comments

Summary:

My idea is to change the game itself; let's take the $1M and increase its chances of sustainable success by having it fund 107 ideas instead of just one! Specifically:

First: A new business in each City Ward: The success of the Northbound Smokehouse in Minneapolis, who used $75,000 invested in $1,000 increments from the community as startup capital, is a reminder of what can be done with a material investment. Let's invest $70,000 to a deserving start-up business in each City Ward. Who decides who is deserving? I propose a three person panel. One person who I'd want on such a panel is already a judge for this contest, Lenny Russo. Other judges should have similar experience running their own Saint Paul businesses so that they can review and recommend choices who not only will positively impact the city but also who are shown to have viable business plans with solid financial thinking. My examples above are a restaurant and a restauranteur but these could be businesses of any kind, so long as they will positively impact the surrounding ward and the city.

Second: The average funded Kickstarter project receives about $5,000 in funding. We will fund 100 Kickstarter-like projects that create a positive impact for the city. I'd really like for this portion to be decided not by a blue-ribbon panel but by Saint Paul residents at large. If possible, we take the $10,000 we have left over and some volunteer time to create a voting system which lets only Saint Paul residents vote - one vote per household could probably be done. I expect some of these to be designed to be sustainable and some may be more of the "dance party in Mears Park" variety - that's okay - an item like that done right could become self sustaining!

In conclusion, my idea, while it is not particularly original and admittedly duplicative of the contest itself, is 100% achievable and creates 107 opportunities for a sustainable impact to our city. Change the rules! Change the city!

About You

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About You

First Name

Daniel

Last Name

McManus

City

Saint Paul

County

Ramsey

Country

United States, MN, Ramsey County

Website (if you have one)

Names of others who helped contribute to my idea

How did you hear about the Forever Saint Paul Challenge?

Twitter!

About Your Organization (if applicable)

Organization Name (if applicable)

Organization Website

Organization Phone

Organization Address

City

Organization Country

United States

Your idea

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Title of your idea

107 ideas instead of just 1!

Give us the highlights of your idea for making Saint Paul great (2,000 characters maximum or approx. 250 words)

My idea is to change the game itself; let's take the $1M and increase its chances of sustainable success by having it fund 107 ideas instead of just one! Specifically:
First: A new business in each City Ward: The success of the Northbound Smokehouse in Minneapolis, who used $75,000 invested in $1,000 increments from the community as startup capital, is a reminder of what can be done with a material investment. Let's invest $70,000 to a deserving start-up business in each City Ward. Who decides who is deserving? I propose a three person panel. One person who I'd want on such a panel is already a judge for this contest, Lenny Russo. Other judges should have similar experience running their own Saint Paul businesses so that they can review and recommend choices who not only will positively impact the city but also who are shown to have viable business plans with solid financial thinking. My examples above are a restaurant and a restauranteur but these could be businesses of any kind, so long as they will positively impact the surrounding ward and the city.
Second: The average funded Kickstarter project receives about $5,000 in funding. We will fund 100 Kickstarter-like projects that create a positive impact for the city. I'd really like for this portion to be decided not by a blue-ribbon panel but by Saint Paul residents at large. If possible, we take the $10,000 we have left over and some volunteer time to create a voting system which lets only Saint Paul residents vote - one vote per household could probably be done. I expect some of these to be designed to be sustainable and some may be more of the "dance party in Mears Park" variety - that's okay - an item like that done right could become self sustaining!
In conclusion, my idea, while it is not particularly original and admittedly duplicative of the contest itself, is 100% achievable and creates 107 opportunities for a sustainable impact to our city. Change the rules! Change the city!

Website address (if applicable)

Innovation

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What makes your idea different or unexpected? (4000 characters maximum or approx. 500 words)

My idea is not an idea like many of the others which spend $1M on one specific project; my idea "changes the game" by distributing the impact much more broadly and, in my opinion, increasing the chances of having a true "forever" impact.

Impact

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This Entry is about (Issues)

How will your idea make a difference in Saint Paul? (4000 characters maximum or approx. 500 words)

A thriving new business with a direct benefit to the surrounding community in each and every city ward. 100 more funded projects to benefit the city!

Sustainability

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Why do you think people will recognize or remember your idea after it comes to life? How might it inspire others to do something similar in their community? (4000 characters maximum or approx. 500 words)

I don't know, precisely because my idea is different -- instead of "solving the puzzle" I propose changing the rules of the game! In the end, I would hope people would remember "my idea" less that the businesses who open and the 100 amazing other outputs produced!

apolinario sasam said: Always go for more! Never be satisfied with less! - Adam LaFavre about this Competition Entry. - 2536 days ago read more >
Martina Yusay said: That's right! It's okay to have plenty of ideas than to have one because you cannot have the other option thinking of it. - Bonaventure ... about this Competition Entry. - 2715 days ago read more >

Daniel McManus updated this Competition Entry. - 2903 days ago

Daniel McManus submitted this idea. - 2903 days ago