Cut the 5 years down to 1 year, lets come up with some clearly defined metrics for success and I'm in.
We need to get some real data on failure rate to make sure the house wins in aggregate. success has to be based on turning a profit.
Based merely on the business plan of YCombinator I'd say you're on the right track. Basically, Paul's idea is that if you fund 50 startups and only one of them succeeds, the money made off that one success far outweighs the loss from the 49 who failed.
I am in Wilmington well in New Hanover county (what is with the german county names in NC) I just got over a horrible plague so anytime sounds good to me. you can meet Marshy and the Baby.
I'd like that. I may be up there the early part if next week. Ill be in touch.
We also need to ensure that it's not just the motivated and talented using the site no matter what the rate of success shows.