The ineffable Alex Capecelatro is the brain behind VentureRate, and here’s a wonderful post from his blog. This should give you a good idea about how VentureRate works…
Yes, I believe in transparency. I believe in people like Aaron Patzer, CEO and founder of
Mint, who openly shares every detail of his company. I believe in people like Tony Hsieh, CEO of
Zappos, who has been called the “See-Through CEO” for an angelic paradigm in openness. I’ve been amongst entrepreneurs for much of my life, and I’ve taken note of the truly successful ones. Are they the ones who force an NDA down your throat? Are they the ones who tell you that they’re going to change the world, but never discuss their motive? NO. Great entrepreneurs believe in transparency and in building their product around the pains, problems, and concerns of their customers.
And for this reason, VentureRate was born. The goal of VentureRate is to give entrepreneurs a platform to share their ideas and to get feedback. In today’s ultra-connected world, why not leverage the direct and immediate feedback potential from other entrepreneurs, potential customers, and seasoned investors? These people have been around the block before, and are willing to help make your product even better! What’s more? They are doing it for free!
But what if someone steals my idea? Good question. You definitely need to understand the risks of putting your ideas out there. Here’s a list of some of the consequences you might realize by posting your ideas to VentureRate: Read More...