A Crowdsourced Business Venture with 1,000 Founders
A new startup is about to get off the blocks and it currently has no idea about what it will sell and to whom. But it will have 1,000 founders who will all pitch in their ideas and have a stake in the company.
GroupMinded is an experiment in crowdsourcing that will involve all founders in everything, from conception of the idea right through to how the product is packaged and marketed.
How it Works
Once the 1,000 founders are on board, the ideation process will begin by looking for a problem that needs solving and then figuring out how to solve that problem. Then a prototype can be built.
All along the way, founders will contribute through their insights, thoughts and votes. The goal is to create a profitable business venture and the product could be anything, including a physical item or even a social network.
The 1,000 founders will be required to spend up to about 20 minutes each week, responding to two requests for input. Ten percent of the company will be given to the 1,000 just for singing up and more can be earned along the way through individual participation.
The idea for the company came to entrepreneurs Ben Gruber and Nathan Cooper. They were inspired by the positive experience working with friends, family and community during their first venture.
GroupMinded has extended the registration period for the 1,000 founders to October 9.
For more information about GroupMinded, watch the video below:
Reader Comments
I have Big Idea, Already have interest In many Countries and with just one small prototype. Many completely unfair advantages takes 32 pages to document them all.
Surveyed 1000 prospective clients with unusual results. Almost 99% rate it 10 out of 10 and would like to get involved and be regular clients.
Many Videos to back up claim.
Monumental Revenue Potential.
Posted by larry erb on January 5, 2016
if you want to crack big idea and willing to invest in india. Please contact me.
Posted by Asokan on November 4, 2015
What a great Idea.
How do I sign up as a founder.?
Having been a prolific inventor for many years ,I have much to contribute to the Invention and Development process.
Having only just received some info about it, I hope it is not too late?
Regards,
Len Williams
Australia
Posted by Len Williams on October 13, 2015
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