Summary
Ever wanted to be an early stage investor in an idea that's robust and has a decent chance of success? Now you can. Google has shown that allowing people to spend 20% of their time on other stuff is great for moving ideas forward without the red tape and overheads of setting up a fresh company. Combine that with the Cambrian House/Digg concept and you get the idea. People submit ideas or details of companies seeking finance and if funders they like them, they pay for a share in the idea by buying funding shares in it. If the idea gets enough real cash, people can then work on it and get paid from the pot. If the idea takes off then people get a real share in the idea in relation to how much cash they put up. The total cash available to a project would be updated continuously with some of the cash being used to pay independent experts to oversee the system. Actual investments could be from a few dollars to large sums from investment houses looking for the next big thing.
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Business Champion
- siliconglen
- Location: somewhere near Edinburgh, Scotland, GB
- Last Login: 6 months, 3 weeks ago
The Brains behind the Idea
- siliconglen
- Location: somewhere near Edinburgh, Scotland, GB
- Last Login: 6 months, 3 weeks ago
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