Many problems in real life, as well as in game theory, have this form: I will act only if enough others act with me so that my action (or gift) in concert with their's will prevail. Fundable is a new service that addresses this dilema. Rather than all waiting around to see what all will do, Fundable provides a mechanism whereby I can give, and get my money back unless a critical mass of others give too. Seems like a great way to organize an event, or nonprofit project.
Post a comment
Your Information
(Name is required. Email address will not be displayed with the comment.)
Was wondering if you would considering taking a look at Chipin.com. We don't use community boards like fundable, rather we focus on linking people's personal networks for the act of giving together. www.chipin.com
Posted by: Song Choi | May 17, 2006 at 11:45 PM
Blogged it, thanks. Are you users ever concerned about get a receipt when they join together to make charitable gifts? Have you thought of teaming up with a community foundation to make this possible? Or are the dollar amounts so small that this is a non-issue?
Posted by: Phil | May 18, 2006 at 07:08 PM
Although everyone gets a reciept for thier transaction we provide tracking for all past transactions for members, membership is free and only takes a few seconds. This way they can have access for their own personal filings and don't have to worry about finding an old email.
We have been thinking about partnering with a foundation in the future to provide reciepts from cause based ChipIns. There are a number of limitations with this direction and like you said the amounts may simply not add up.
But we are always open to new ideas! If our users tell us they want it, we will make it happen.
Posted by: Song Choi | May 23, 2006 at 05:30 PM
Song, this sounds really interesting and much needed. Thanks for letting us know about it.
Posted by: Phil | May 24, 2006 at 08:15 PM