Categories: Startup

Crowdholding: Co-create with the crowd

Introduction of Crowdholding

Crowdholding is a startup created by young people with a vision for an economy where companies and the crowd co-create products and services. Allowing the public to give ideas and feedback for future revenue. You can shape how the future wealth is distributed and what products or services are created.

Crowdholding dedicates as much time as you want to post surveys. Start discussions ranging from basic tasks to solving complex problems.

Ethan Clime was a United States Peace Corps Volunteer in the Republic of Moldova who worked in rural villages on business and development projects. What he noticed was that international development was very bureaucratic with little of the money actually going to the people.

The biggest need in Moldova was job creation, as a large percentage of the public was unemployed.

In addition, the money used for development purposes was not going into the industry to create jobs for the people. After his contract ended, Ethan decided to start his own business with fellow co-founders. Aleks Bozhinov and Henry Ashley- Copper that addresses the very problem he saw in Moldova. This new application could, in fact, employ millions.

The concept is called Crowdholding that allows businesses to share revenue or future revenue to the public for feedback and ideas.

The public beta has been up and running since the 16th of March. It already has over 10 startups on board sharing % of their revenue with the public. Back in December, Crowdholding had a huge hurdle.

The investor who was planning on investing backed out and Crowdholding was left with zero funds. It needed to scale in order to finish the beta they had started for a launch by March. Instead of giving up, they found a way to scale to 21 volunteers all inspired and believing in the cause of Crowdholding.

It turns out, that you don’t need money to scale or develop a product. If you can bring people together on a cause you are trying to solve, which is exactly what Crowdholding will bring to the public.

Crowdholding connects the crowd with entrepreneurs, allowing you to give feedback and ideas for future revenue.

About Crowdshares

Every startup on our application is sharing 1% of their revenue with the public by rewarding a crowd currency we call “crowd shares.” One percent of revenue equals 1 million crowd shares.

They then use these crowd shares when giving out tasks on an upvoting forum. The crowd, which we call “Crowdholders” gives feedback and ideas regarding the task and votes their favorite solution.

The crowdshares for that task are then distributed by the ranking of the votes. Crowdshares have a one-year expiration date from the day the company begins. Making revenue on the day the shares are distributed.

For the first time, entrepreneurs can have the public work for them and validate their products. And if you are a Crowdholder, the content you produce is finally worth something.

If you want to Discuss More with Ethan Clime, CEO of Crowdholding. you can reach “ethan@crowdholding.com”

Sameer

Sameer is a writer, entrepreneur and investor. He is passionate about inspiring entrepreneurs and women in business, telling great startup stories, providing readers with actionable insights on startup fundraising, startup marketing and startup non-obviousnesses and generally ranting on things that he thinks should be ranting about all while hoping to impress upon them to bet on themselves (as entrepreneurs) and bet on others (as investors or potential board members or executives or managers) who are really betting on themselves but need the motivation of someone else’s endorsement to get there.

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