How to Make $100,000 Beating Facebook

Are you a coder or startuper who thinks you can come up with a better social network than Facebook? If you do and you are successful, you can win $100,000.

Jason Calacanis, an angel investor and entrepreneur who is a leader in the startup world, has come up with a great offer, the "Openbook Challenge". 

Calacanis's organization, LAUNCH, will be funding seven teams that want to build a billion-user social network which will replace Facebook with a social network that is good for society.

Out of an estimated 100 teams that are expected to apply, 20 will be chosen as finalists, then seven teams will be chosen to receive $100,000 (for six percent, from the LAUNCH Incubator Fund) and join the LAUNCH incubator. 

If you want to know more details about how the competition works, how the finalists and winners will be chosen, and the timeline, check out the Calacanis web site. 

All Startupers Need to Read Angel by Jason Calacanis

Are you an investor? Are you the founder of a startup? Do you work for a startup? Are you a venture capitalist that specializes in startups? Are you an entrepreneur? If you answered yes to any of these questions, you need to get the book, Angel: How to Invest in Technology Startups-Timeless Advice from an Angel Investor Who Turned $100,000 into $100,000,000 by Jason Calacanis.  

If you don't know who Jason Calacanis is, you should. He is one of the top angel investors in the United States, and hosts the Launch Fesitval in San Francisco, which has featured numerous startups. 

Calacanis has invested in such companies as Tumblr, Uber, Evernote, Robinhood, Thumbtack, and numerous other companies.

His book takes you through all the steps to become wealthy through startups, from evaluating new businesses, determining the risks and rewards, and building upon your angel investor relationships.

If you are interested in making money through startups, I highly recommend the book, Angel.