I'm not sure how to feel about this guy after reading about "grab.com". Not sure how I missed that back in 2000 but apparently Andrew started a company with a "billion dollar prize" from an online lottery. Turns out no one one the billion dollar prize but someone won a million dollars from their random drawing. <a href="http://www.allbusiness.com/health-care/health-care-professionals-nurses-nursing/6016694-1.html" rel="nofollow">http://www.allbusiness.com/health-care/health-care-professio...</a><p>So naturally I had to look at the odds, and if you pull up grab.com from archive.org you see:<p>"Billion Dollar Sweepstakes: GRAND PRIZE PAYABLE IN 20 ANNUAL INSTALLMENTS OF US $5,000,000 EACH, FOLLOWED BY 10 ANNUAL INSTALLMENTS OF US $10,000,000 EACH, FOLLOWED BY 9 ANNUAL INSTALLMENTS OF US $20,000,000 EACH, FOLLOWED BY A BALLOON PAYMENT OF US $620,000,000 IN THE 40TH YEAR, WITHOUT INTEREST. ODDS 1:2,404,808,340. NO PURCHASE NECESSARY.
WINNER MAY TAKE IMMEDIATE PAYOUT OF US $170,000,000 INSTEAD OF ANNUITY."<p>So 62% of the payment came 40 years later, otherwise a payout of $170 million. Lame. Yet, I guess enough people were foolish enough to sign up for it...