Business - Written by Paul Artiuch on Monday, November 5, 2007 12:03 - 2 Comments
The wisdom of crowds in startups
What do an online games community, a shopper aggregation site and a social network for runners have in common? They are the top ranked internet startups on a site called KillerStartups.com. The site is like a Digg for new online businesses. Entrepreneurs submit their projects to be rated by the community which includes other entrepreneurs, investors and bloggers. Reviewers can also leave comments and advice. The site has 11 categories including eCommerce, marketing, social networking and the most popular which is Web 2.0. Traffic on KillerStartups.com has steadily grown since the site was launched in early 2007. To date over 7000 ideas have been reviewed with the top startup, MostPlays.com, receiving nearly 9000 ‘Killers’ or positive ratings. The site itself is ad supported and has premium options for additional information meaning that the owners don’t seem to have any personal stakes in the startups themselves. It will be interesting to see if the community manages to pick the next YouTube.
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Wikinomics » Blog Archive » KillerStartups.com: Web Design Meets Web Collaboration
[...] parties what is currently working well, and what could be corrected or deleted. I was inspired by Paul’s blog about this website and I decided to investigate the idea a little [...]
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The LSE in London and the Fraunhofer Institute in Berlin have for many years now been working on InCaS – a project aimed at valuing intellectual capital and promoting its distribution across the European SME community. The premise is that the lack of recognisition relating to the value of IC, and SME’s broad failure to share it, is limiting the EU’s competitive position when compared to Emerging Markets. Having been a private dinner at the LSE recently to listen to where the project has been and where it is going and to be there as someone to comment on both the value to SME’s and the potential for social computing to help promote the concept I was left thinking that initatives like this one “Killerstartup” give InCaS a proxy for an efficient mechanism for the creation of structures that will allow for the sharing of Intellectual Capital. The point is that the level of cooperation that InCaS is looking for is based on the assumption that there must be mutual gain between the parties that share. Allowing the “strongest” companies (ie the ones with the most prized intellectual capital in any given platform) the ability to rise to the top of a crowd sourced ranking will ensure that quality is promoted and collaboration for mutual gain is more easily achieved.
InCas now have the model for defining and valuing intellectual capital, a huge achievement. Now let the market dictate who has the most value to offer at any given time or in any given discipline.