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Open Ventures

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Last updateAug. 15th 2011 9:13:50 AMAug. 12th 2011 4:17:53 PMAug. 16th 2011 11:26:10 AM
DescriptionVisual database for resilient people, places, and thingsTechnology: optical fibre-based sensing toolsProvides reputation systems for other businesses/websites.
Operating AnalogyAnti-Facebook that empowers super-users & pays the crowdTech startup + gift economy, intends to tap a variety of member motivations including creative passion & philanthropyReputational 'currency' based on peer review/weighted ratings.
Video ResourcesJohn Robb on Open Ventures Shanks at Ignite in San Diego
Founder(s)[more info needed] John Robb Shlok Vaidya, David Rauschenbach Brastaviceanu Shanks
Controlcurrently JR & SV provide leadership, mentoring, backend platform upgrades > driven by user suggestions/requests, MEANWHILE tribes are self-organizing to create & curate contentto be determinedInitially benevolent dictatorship, but later, parliamentary democracy with votes weighted by PieShare
Revenue sourcesGoogle AdSense contextual ads, Amazon Associates affiliate adstbdsubscription revenues from website, subscription revenues from embedded API. Also consulting about reputation system design.
Revenue distribution10% > founders w/ cap @ $120k/ year, ?% > tech costs, ?% > seed new open ventures, 80% (?) to participants allocated w/MMO gaming software according to contribution. Currently: all Amazon affiliate revenue is available to page creator/maintainer(s)Members are only rewarded when products are sold to the external market. Mechanism under construction: reputation, value accounting, and distribution system including internal currencymajority of net distributed proportional to PieShare
Who can participateanyone, wiki-styletbdalmost anyone
Learning Curvemoderately easytbd
Entry thresholdbecome a user; learn mediawiki; create pages & upload photos; link your Amazon affiliate account to ads on your pages; future: link your (eg: PayPal) account to MiiU username for venture-wide revenue sharing
Platform/User Interfacemediawiki (same software that Wikipedia is built on)web-based
Transparencyvery high degree of transparency planned after launch. Source code will be publically downloadable, financial books will be open to contributors.
Looking forPage builders/curators, pageview promotersCrowdfunding for infrastructure (not R&D), new members w/ specific skillscontributors: coders to code site, lawyers to design "open venture" legal structure, mathematicians and economists to develop better reputation algorithms, web designers to make site easy to use and good looking, businesspeople to help with everything else
Succession: What if Founders get bored...or die?tbdtbdnew leaders elected via PieShare-weighted democratic system
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Aug. 16th 2011 11:26:10 AM
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