Alki David — the billionaire who issued the challenge — was out in L.A. yesterday … with a very attractive sidekick … and told us that 24-year-old Juan James Rodriguez did not meet one major requirement of his challenge: He never got Obama to personally eyeball his stimulus package.

Still, Alki — who owns battlecam.com — says the guy won’t walk away empty-handed … but even though it’s unclear how heavy the consolation check will be, Alki insists Rodriguez will be “overjoyed … beyond his wildest dreams.”