Bigcarrot.com In their own words
“WELCOME TO BIGCARROT, a new way to democratize research and development and proactively advocate for the causes you believe in. The site allows anyone with a common interest to come together and pool their contributions to create an inducement prize. Unlike grants which only ensure that an effort is made to achieve a certain goal, inducement prizes reward actual results. BigCarrot allows you to create an inducement prize on any topic—from large social issues to smaller personal pursuits—and anyone with the ability to claim the prize can submit a solution. It’s the best way to achieve real results.”
Why Bigcarrot.com might be a killer
To demonstrate the viability of the concept, BigCarrot launched a test prize, the notMac Challenge. The objective was to create a free alternative to Apple’s integrated dotMac services. The website received an average of 525,000 hits per month as the result of impressive media interest—including being mentioned on the front page of The New York Times’ website—and the value of the prize reached $8,622 including a dollar-for-dollar matching contribution. Individuals contributed between $5 and $1,000, and while a majority of all contributions fell between $5 and $10, 10% were over $50—bring the average amount given to $25. On September 10th, Ben Spink, a software developer from Wisconsin, submitted a successful claim for the prize, and the source code for his solution is now publicly available for others to build upon and improve.
Some questions about Bigcarrot.com
Due to BigCarrots big ideas, it make take awhile for it to catch on. People may not have the trust nor confidence required to fuel the site. Plus it’s under the radar status makes it less feasible as a means to solve the world’s problems, as some of the best minds may not know about it. How are they going to spread the word?
Rate bigcarrot.com
Tags
More KillerStartups
Killer Search
bigcarrot.com comments