Archive for December 2008
Bitloot
So I found this startup: bitloot.com. If you watch the video on the main page, you can get see the intentions of the company. It is a new software development philosophy of funding that is a really novel idea. There are people who make ideas. These ideas can be discussed about and by anyone. Once there is an idea, anyone can contribute money. The money that is contributed by one or more individuals is kept in a “super secret vault”. Then a developer can create the software for that idea. Once the developer creates the software, the developer releases a demo or powerpoint of the created software. Then a vote is held amoung contributors to OK the transfer of funds to the developer. Presto-the software is released as opensource. Everyone wins!
