Originally Posted by philthy415
Small buy-in bounty only tournament with one rebuy
what do you mean bounty only
? Bounties are a convenient thing to add to a tournament. You can make them optional (sell a bounty chip to the interested players), so they're less intimidating to new players. I've never heard of a tournament played for bounties only.
played well, double-or-nothing (supersatellites) are incredibly tight and stressful, and lead to situations where one player can basically choose to allow player X or Y to survive. I don't think it would end well for a group of acquaintances.
Double elimination heads-up tournaments
heads up is tough to stage live. You need more space, it goes really slowly if it's player-dealt, and the length of the tournaments is hard to predict so scheduling is frustrating. People will be waiting around a lot for their next opponent to finish another tournament.
if you want to branch out from nlhe stt's, I'd suggest something more like a HORSE tournament, or limit omaha8. A lot of people run a league with seasonal prizes like entry into a bigger tournament (wsop event?). But like pfapfap says, get a nlhe game up and running as step 1. That might be as fun and challenging as you need.