SAN FRANCISCO--(BUSINESS WIRE)--Idealab Founder Bill Gross has partnered with entrepreneur VJ Anma to create IdeaMarket, a new company and marketplace dedicated to removing the “friction” from starting great companies. Investors submit pre-funded high level ideas, the public submits feedback on the ideas, and qualified technical folks enter their plans to compete for the investment and whoever “wins” proceeds to build the company. Select participants in the process can earn equity or other profit interests in the companies founded. Currently, there are more than 20 ideas and $2.5 million investment available on the platform already.*
“IdeaMarket makes it efficient for talent, money, and ideas to find one another,” said Bill Gross, founder and Chairman. Gross has started more than 100 companies in his 40-year entrepreneurial career, and he created IdeaMarket to foster entrepreneurship and turbocharge startups into successful companies. “IdeaMarket’s goal is to someday help create one million businesses that positively impact more than a billion people.”
IdeaMarket allows and encourages visitors to the site to not only contribute ideas, but also to vote on them, improve upon them, and for accredited investors, invest in them. “IdeaMarket taps into the wisdom and the wallets of the crowd to create great companies,” said VJ Anma, co-founder and CEO of IdeaMarket.
IdeaMarket is launching with more than 20 ideas in diverse areas such as 3D printing of lenses, outsourced x-ray reading, pizza delivery robots and an on-demand trash pickup. Ideas during private beta have already been submitted by entrepreneurs, business consultants, professors, and investors such as Max Levchin, Scott Banister, Don Dodge, and Shervin Pishevar, and more are coming online every day.
“We are looking to work not only with individuals with great ideas, but also universities, corporations, think-tanks and anyone who has intellectual assets that are not currently being monetized,” said Gross. “We hope to improve the world by turning these ideas into vibrant companies that bring them to market.”
IdeaMarket is a curated crowd-sourced marketplace to take problems in the world, and match ideas, talent, and money to create companies to solve them. The company was founded by Idealab and is based in San Francisco, California. Bill Gross is co-founder and Executive Chairman and VJ Anma is co-founder and CEO.
Idealab's mission is to create and operate pioneering technology companies. Founded in 1996 by entrepreneur Bill Gross, Idealab provides a broad range of operational support to its companies, allowing the company management teams to focus on getting to market quickly and cost effectively and to take advantage of the serial start-up experience of the Idealab team. Bill Gross and Idealab have founded or advanced development of more than 125 companies including Overture Services, eSolar, UberMedia, CitySearch, Picasa and Internet Brands. Current operating companies are providing innovative technology solutions in industries such as software, search, Internet media and services and alternative energy fields. Additional information may be found at www.idealab.com.
* Investment in companies will be made on a case-by-case basis and IdeaMarket reserves the right in its sole discretion to determine winning teams.