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The Idea
An idea assessment system for venture capital firms, where only participating VCs have access to the ideas and ratings. VC firms suffer from having too many ideas that fail but if they enter into a mutually beneficial cooperation with other VC firms through the rating of ideas, everyone gets more accurate assessments. The ideas are rated by a 'consensus of experts' so less votes are needed to get an accurate rating. Users can submit their business proposals in a more polished 'executive summary' type format but before they submit they have to rank several other users" proposals so as to provide a weeding out of bad ideas for the VCs. Everyone in each of the VC firms then bids on ideas that they like.
I thought of this idea when I was...
Using CH.
Comments Posted
I don't see a way to make money on this.
Thanks. I appreciate ALL feedback to any of my ideas.
Well, I can think of a few ways for this idea to make money.
1) Charge people to submit their business proposal into the review process. I would hope that this would have a side effect of then increasing the submission quality.
2) Charge VC firms in order to see the list of ideas that have been submitted - a membership fee?
3) Take a cut off the top of any rounds of funding that are secured by a business proposal through the site, similar to a finders fee.
4) Take shares in the company as a condition of submitting an idea or perhaps as part of the negotiating process between VC and proposal submitter.
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