My thanks to Adam Siegel of InklingMarkets for kindly sharing some excellent feedback on WD today. Firstly I was very happy to hear that Inkling is making some very exciting progress with some high-credibility customers!
Our chat centered on how to best use crowdsourcing both for the “big picture” and for the early prototype launching in Q1. Major take-aways:
- Don’t make entrepreneurs re-enter all their info, leverage CrunchBase. Then allow entrepreneurs to “claim their page.”
- Prediction Markets are pretty complex things and are not the right solution in all places. WD will need to use a variety of different crowdsourcing solutions and provide different level of interaction for casual vs hard-core users.
- Yes, when it comes time to build an el-cheapo prototype, I can use their cloud-based solution and embed it right into a Wiki. The wiki gives a uniform place for mentors in EI’s new venture mentor service to find all info on the companies being helped, and the InklingWidget allows the investors to participate in a variety of crowdsourcing activities without needing to leave the wiki.