July 13, 2005
More open-source enterpreneurship
After signing up for The Business Experiment last night, it came to my attention that Stephen Castellano (Reflections in Equity Research) described the launch a similar project on his blog back in April.
His post describes how Maverick Society Investment Research will use open source collaboration to create tools for investment research, and the goals of the project, which include experimentation with form:
In any case, I think what will make Maverick Society Investment Research a success is our true passion for practicing and learning more about equity research. Even if it "fails" I think it will be a lot of fun and a great learning experience for everyone.
The two projects are similar in taking advantage of collective brainpower, but differ in that The Business Experiment is taking a collective approach to everything, including selecting what business to be in, while Maverick Society Investment Research seems to be following a benevolent dictatorship model: the partners have defined the business they're pursuing and will retain a relatively large chunk of any resulting equity.
I'm sure more differences will emerge over time - I hope I can contribute to both efforts so I can see them first-hand.
Posted by kenking at July 13, 2005 6:06 PM
Comments
Hi Ken, thanks for your note. Despite the post I made, I'm not stuck on any particular business model. I'm really interested in developing any kind of framework where people would feel free to share and contribute while retaining ownership and value of their contributions. Perhaps a truly neutral and open source based nonprofit platform that provides billing and attribution services for individual efforts like my own and The Business Experiment might be the best way to go.
I am mainly interested in collaborating to produce investment research and would actually prefer someone else to manage the collaborative process itself...
Posted by: Steve Castellano at July 13, 2005 6:38 PM
