Double in one year?
No matter what you pick, it's going to be extremely risky.
Sorry to be the wet blanket, but I don't think that's a realistic expectation, even with mad money.
But if it were to be done, you're on the right track though. Either use it to start your own business or buy stock in a start-up business. But if stock (or VC) isn't the option, then I guess you're limited to the former (and not look at the statistical odds against small-businesses in their first year).
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