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My company created the Hollywood Stock Exchange and the Interactive Music Exchange. I am working on a software project to be able to more easily create more. Any ideas for an interesting offshoot?
The developers have been considering pushing for a video games exchange.
The developers have been considering pushing for a video games exchange.
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Re: Simulated Exchanges
Sun, December 14, 2003 - 11:35 AMThis may be in the same vain.
Most Sales Software & CRMs (i.e.Salesforce.com) do not address the acquisition of new qualified prospects for corporations to sell products and services.
Vision
Provide companies with the ability to exchange/outsource/increase their sales revenue in the B2B market place.
Value
Increase revenue (50%) lower cost (30%) and increase efficiency due to a systematic approach of finding new prospects though exchange, propensity to buy (PTB) algorithm and a quick deployment of the sales process (referral acquisition).
Enabling Technology
Advanced database repositories with the ability to determine a company’s ability to purchase products and services and exchange linking. IP system for global use and strong statistical information formulas.
Business Model
BSP-Business Service Provider
Retainer fee
Annual/Monthly license
Support package
Consulting
Per deal percentage
On site integration fee (for companies who want their own)
Services
Marketing consulting
Information reports based on deals & transactions
Customer retain service (CRS)
Notifications (surveys and recalls)
Up-sell new services and products
Just a thought… -
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Re: Simulated Exchanges
Sun, December 14, 2003 - 8:40 PMSounds like a good idea. Sounds like Bartercard. -
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Re: Simulated Exchanges
Sun, December 14, 2003 - 10:26 PMThis is really harvesting information on quality prospects that can buy your goods and services and managing the process vs. a trade for trade ideal. -
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Re: Simulated Exchanges
Mon, December 15, 2003 - 11:48 AMHere's two articles that came out today about simulated exchanges (both of which mention HSX):
www.nytimes.com/2003/12/14...UTURES.html
www.opinion.telegraph.co.uk/mone...jhtml
- JML
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Unsu...
Re: Simulated Exchanges
Mon, December 15, 2003 - 12:11 PMThis concept appears to be the latest extension of the securitization of every thing. The benefits are typical also, amortization of risk and liquidity.
What makes them work is information that is trusted, at least to some point. The best protection is transparency, which is also the biggest challenge. I’m always delighted to see new ideas like this come forward, the have to battle the traditionalists who are motivated by conservative philosophies or vested interest.
Good luck on new ideas but there are many things that can be securitized, just see if they pass the litmus test of lowering risk through sharing, providing liquidity and providing a return that is line with the risk, rationally compatible. The internet certainly changes the methods of communication so lots of opportunity there, just as you don’t need a Bloomberg terminal to trade stocks this wonderful standard has created new realities in the marketplace of the world.
Years ago when I was first studying lasers for NASA I visited a professor at MIT who was doing some advanced work. When I walked into his lab he was working on water vapor laser. Used to more traditional gases, such as helium-neon, argon and a few exotic crystals I was amazed to see something as simple as water vapor being made to emit coherent light. When I questioned this material he exclaimed loudly, "I can make shit lasers given the right conditions".
Good luck on future opportunities but I would make sure that it was something I wouldn't mind touching;^)
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Re: Simulated Exchanges
Mon, December 15, 2003 - 1:08 PMWe could always start here.
An idea exchange. All ideas on the table, we vote on the best one. The winning Ideas' founder selects willing talent from the group bring it to life. Share in success. Do it over and over.
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Re: Simulated Exchanges
Mon, January 5, 2004 - 11:53 AMVideo games is probably a good one.
Other potential ideas are:
-"Pro" wrestling exchange - I don't follow wrestling, but there are enough obsessed fans out there to make a successful site, I think.
-Political Exchange - Buy and sell shares in Dubya, Dean, etc. Not as big of a market, in my view, but this is an election here. The ability of a web-based exchange simulation to act as a predictor of polictical outcomes would be very interesting.
-Sports - Buy and sell players /teams. A different approach to sports pools.
-Product/Fads - bet on the next big product fad
Of course, TV Shows is another (obvious) one...
Good Luck,
Mark