The Awesome Foundation funds entrepreneurs at the concept level

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.

Full Story from the Boston Globe

Hat Tip: John Garvey

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