An Experiment in Open Source Business Ownership

I don\’t have time to blog today…I\’m preparing to fly out for the AlwaysOn Network event at Stanford…but I got this email about a very cool \”wisdom of the crowds\” concept where a group of 2,500 or so individuals will build and manage a new business by voting on the plan, who to hire, products to create, how to market them, etc. It\’s really a wild notion. I hope some journalist will pick up on this, interview the creator, watch the creation of this business over time, and write some interesting story about it.

Here\’s the email I got from the founder. I don\’t know enough about it yet to endorse it, but I like the experiment at first glance:

I\’ve been searching the blogosphere for people interested in entrepreneurship and unique ideas to promote something new, It\’s an open source, \”wisdom of crowds\” approach to business. It may fail miserably, or it may change the way we think about business. I don\’t know, but it is my attempt to get these ideas more attention. I hope you will check it out and, if you like it, register and participate.

My initial post explaining it can be found at regards,Rob May

Check it out and tell me what you think.

5 thoughts on “An Experiment in Open Source Business Ownership

  1. Hmmm. Very interesting. Can a business be run as a pure democracy? My gut says no. My instinct is that SOMEONE has to steer it, or you will have mass hysteria or illogical decisions being made. However, I always believe in testing everything, plus, I find the idea very intriguing. Therefore, I signed up to check it out. I’ll participate to the fullest, and report back to you what’s happening from time to time if you wish.

  2. Paul:

    I am also at the AO Innovation Summit in Stanford and would love to meet you. I read your blog frequently and I truly appreciate the great content and advice.

    Will you be in the conference tomorrow?

    Best regards,

    Carlos García
    Chief Strategist, partner

  3. Hi Paul,

    I am very impressed by your cresdentials and thought you are one of the best person I could find to help me with my research.

    As my company is holding the 1st Asian Corporate Blogging Conference, I am trying to gather some views from top level executives who are blogging.

    Thus, I would like to establish a contact with you. However, I cannot find your email address, so I guess I can only leave my email address behind ::

  4. In principle I love the idea but in reality I wonder…

    I have a hard enough time as a one person business making decisions, and the bigger my clients in numbers of staff, the slower the decision making process.

    I’ll be interested to learn how this idea works.

    Stay in touch,

    Charlie Cook
    Small Business Marketing Guru
    Sign up for the free marketing guide

Leave a Reply


More Posts Logo Design

Some of you know that my partners and I are launching a new company that aims to help a billion or more people soar with

Cold Showers Can Benefit Your Health

I hated what I read in the Harvard Business Review last Friday: Cold showers have health benefits. I’ve always ignored people who advocate taking cold

People Like Me Need People Like You

“People Like Me Need People Like You” Someday I’ll write a book about I’ll highlight the people who built Ancestry from the ground up–unsung

The Team Coaching Zone Podcast

To listen to this podcast, click HERE. Announcer: Welcome to the Team Coaching Zone podcast. Join your host Dr. Krister Lowe and today’s leading organizational

My Favorite Artist

Artists, poets, and prophets can help us make sense of the craziness that we experience in the world. My favorite artist is Regina Spektor. When

The Coach You Need

When you need a helping hand in life or at work you might decide to hire a coach. There are many amazing executive, career, leadership,

Beware of Taking Advice

Next Friday I get to deliver a keynote at Phoenix’s biggest startup event. But beware of taking advice from me–or anyone else. Startup events are

An Entrepreneurial Superpower

One of my entrepreneurial superpowers is asking questions at scale. Before I started Ancestry I went to libraries and conferences and asked questions. I learned

Paul hopes to bring the strengths message to all 50 states and to 50 countries by 2025.
Contact him so he can help you spark a strengths movement in your area, company, or industry.