Mega Millions Jackpot: 7 Ways to Invest $640 Million
(Image: Thinkstock)
(Image: Thinkstock)
$640 million...
Could fund the entire angel rounds for 577 tech startups. In 2011, the average angel round—which secures capital for a startup, usually from individuals investing their own money—was $1.11 million.more
(Image: Thinkstock)
$640 million...
Could buy an entire sports team—with a couple of hundred million dollars to spare. Celebrities such as Jay-Z and Usher are part of investment groups that bought the New Jersey Nets ($300 million) and the Cleveland Cavaliers ($375 million), respectively. However, with this jackpot, you can be the investment group. more
$640 million...
Could launch 21,333 small businesses. Though the numbers vary by industry and business model, on average it costs a little more than $30,000 to start a new business from square one.more
$640 million...
Could send 5,395 people to college. The average price for tuition, fees, and room and board at a four-year, out-of-state college climbed to $29,657; that’s $118,628 for all four years.more
$640 million...
Could give 6,400 fashion designers funding to start a clothing line. Otherwise, they can take it to the reality TV runway to battle it out for $100,000 to start their line.more