Ben Silverman’s DumbDumb Deal

$100 million start up fund, Adam Fogelson, Angela Bromstad, Ari Emanuel, Barry Diller, Ben Silverman, Chase the Money, Chopped, City Lights TV, CollegeHumor, Dance, Dave Noll, Don't Sweat It, Donna Langley, Doritos, DumbDumb, Electus, Fortune's 40 under 40, Funny or Die, IAC, Jason Bateman, Jay Leno, Jeff Weiner, Jeff Zucker, Jeffrey Immelt, Jill Kennedy, John Ferriter, Khan Manka, Love Taxi, Manka Bros., media analyst, NBC Universal, Nikki Finke, Notional, On Medea, OnMedea, OnMedea's Top 40 Failures Under 40, Paul Telegdy, Ready, Rick Finkelstein, Ricky Van Veen, Ryan Seacrest, Set, Sharon Waxman, Tara Swisher, Terry Semel, The Biggest Loser, the Jay Leno Show, The Restaurant, The Tonight Show, thewrap.com, twitter, Will Arnett, Will Ferrell, William Faulkner, You vs. America

$100 million start up fund, Adam Fogelson, Angela Bromstad, Ari Emanuel, Barry Diller, Ben Silverman, Chase the Money, Chopped, City Lights TV, CollegeHumor, Dance, Dave Noll, Don't Sweat It, Donna Langley, Doritos, DumbDumb, Electus, Fortune's 40 under 40, Funny or Die, IAC, Jason Bateman, Jay Leno, Jeff Weiner, Jeff Zucker, Jeffrey Immelt, Jill Kennedy, John Ferriter, Khan Manka, Love Taxi, Manka Bros., media analyst, NBC Universal, Nikki Finke, Notional, On Medea, OnMedea, OnMedea's Top 40 Failures Under 40, Paul Telegdy, Ready, Rick Finkelstein, Ricky Van Veen, Ryan Seacrest, Set, Sharon Waxman, Tara Swisher, Terry Semel, The Biggest Loser, the Jay Leno Show, The Restaurant, The Tonight Show, thewrap.com, twitter, Will Arnett, Will Ferrell, William Faulkner, You vs. AmericaYes, this deal is as DumbDumb as you can get.

How to build a successful startup:  Step #1 – Use Barry Diller’s money to fund a vanity production label with a friend from high school.

Yes, Jason Bateman and Will Arnett (in particular) are talented guys but anyone who thinks they will spend any real time on this venture is out of their minds.

Sure, we’ll get the standard Will Ferrell-type Funny of Die videos of Bateman and Arnett walking around with a steady-cam eating Doritos and improvising about how easy this internet stuff is – but will anything of value come out of DumbDumb?

Ben Silverman knows the answer to this and laughs at how DumbDumb some people must be.

$100 million start up fund, Adam Fogelson, Angela Bromstad, Ari Emanuel, Barry Diller, Ben Silverman, Chase the Money, Chopped, City Lights TV, CollegeHumor, Dance, Dave Noll, Don't Sweat It, Donna Langley, Doritos, DumbDumb, Electus, Fortune's 40 under 40, Funny or Die, IAC, Jason Bateman, Jay Leno, Jeff Weiner, Jeff Zucker, Jeffrey Immelt, Jill Kennedy, John Ferriter, Khan Manka, Love Taxi, Manka Bros., media analyst, NBC Universal, Nikki Finke, Notional, On Medea, OnMedea, OnMedea's Top 40 Failures Under 40, Paul Telegdy, Ready, Rick Finkelstein, Ricky Van Veen, Ryan Seacrest, Set, Sharon Waxman, Tara Swisher, Terry Semel, The Biggest Loser, the Jay Leno Show, The Restaurant, The Tonight Show, thewrap.com, twitter, Will Arnett, Will Ferrell, William Faulkner, You vs. AmericaI would imagine Barry Diller also knows the answer.  Unfortunately, he’s the ultimate DumbDumb in this equation for funding Electus in the first place.

But for now… it’s all just so exciting.  I know I’m just a cockeyed optimist, but I just can’t wait for Ben to change the world again.  And I’m super glad that they took the time out of the arduous process of building the successful DumbDumb business model to appear in Las Vegas for the announcement (along with the awesomely hilarious Notional CEO Lord Ricky Van Veen).

I just hope it’s not the same business model that Ben Silverman developed for ElectusSpend $100 million on the development (but not the execution) of digital content and when that money is gone – launch another start-up with another sugar daddy.

Accel Partners, Ben Silverman, Bob Iger, Chris Hughes, David Kirkpatrick, Dustin Moskovitz, Eduardo Saverin, Gerald Levin, Greylock Partners, HBO, Jeff Bewkes, Jeff Zucker, Jill Kennedy, Joanna Shields, Jon Miller, Khan Manka, Li Ka-shing, Manka Bros., Mark Cuban, Mark Zuckerberg, Matt Cohler, MySpace, Nicolas Carlson, OnMedea, Owen Van Natta, Paul Buchheit, Peter Thiel, Rupert Murdoch, Sheryl Sandberg, Sumner Redstone, Toy Story 3Jill Kennedy – OnMedea