Wednesday, July 22, 2009
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Crowd sourcing is the buzz of the internet. Although not a new concept it is gathering steam with the explosion of membership sign ups to social media websites. If I had told you that Mark Zuckerberg’s one man band (now many, many employees) would have 250,000,000 sign ups on Face book you would’ve called me crazy. Now a billion memberships are in sight. So it is conceivable that Crowd Source Capital’s competition could fly all the way to one person winning their own private island. What’s different here is they are leveraging Face book and the internet to crowd source which island they would like to win, and how the competition will play out even including choosing the audit firms to carry out the crowd’s wishes with prize money of a cool million $1,000,0000 and a boat and a plane to get there. Capitalism is the redistribution of wealth and Crowd Source Capital by organizing a competition and inviting participants gets to offer something which was just a fantasy a few years back, but is now reachable and a very real reality. If you go to this link above you can become a member of their group and when it reaches momentum the members will be asked to put in $1.00 and choose a spot on the island with an x that marks the spot of the treasure, (an island, money, a speed boat and a plane). It’s really quite clever and alot of fun. A percentage goes to charity which is chosen by the crowd...I'm ready to pounce with my dollar. It builds momentum every day...