The Crowdsourced Business

While many companies are beginning to realize and trying to learn from the wisdom of crowds, others are using crowds as the business itself. First, we saw the crowd-written book We are Smarter than Me, which was published late last year. Now – the crowd-sourced company: nvohk (pronounced en-voke).

nvokh

Simply stated: nvokh is a clothing company that’s “managed by the people who wear it.” The Los Angeles-based company aims to recruit between 20- and 40-thousand members to contribute $50.00 each per year to develop the brand and its line of clothing. Members will contribute to clothing design, web design, major business decisions, logo design, and advertising. Here’s the sticky part: members will get 35% of the companies profits paid out in the form of points. The points can be redeemed to purchase nvokh products at a 25% discount. Members will only have to pony up once the company has recruited 2000 people, and new members will receive an official nvokh t-shirt, a membership sticker, and a plant-a-tree seed pack to welcome them to the flock.

An interesting idea, for sure, and a welcome new spin on crowd-funding. Learn more at nvokh.

Advertisements

2 Responses to The Crowdsourced Business

  1. Great post, I Just wanted to add that i tried and i can’t connect to your rss stream, you defintely should install a wordpress plugin for that to workthat.

    • Jenny Wang says:

      Hi Jacelyn,

      Thank you for your comment! We just tried the RSS steam and it seems to be working. Can you please e-mail me which RSS reader you are using and we can look into it!

      Best,
      Jenny
      jwang@getfuturethink.com

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: