The Awesome Foundation funds entrepreneurs at the concept level. They use a low-friction organizational design and GET THINGS DONE. As can be seen by how rapidlytheir idea is spreading.
It works like this: Ten trustees each kick in $100 a month, and together they review the submissions – the original chapter, now known as the Boston chapter, reviewed more than 130 for August – and the winner is given $1,000 for the project, with no strings attached.
The idea is so simple, and so devoid of moving parts, that it has multiplied organically, a new nonprofit model for the crowd-sourcing generation. Today there are 23 chapters around the world, as far away as Australia; the latest is in Detroit. Anyone can start one, and the only real rule is that there is no definition for awesome. That’s for each trustee to decide.
Hat Tip: John Garvey