And you are right, I can still move to SF :).
How about you? Have you already founded a startup? With or without YC or anyone else for that matter? And why?
11 karma · joined September 4, 2008
I like to trade ideas and explore new opportunities. As far back as I can remember, I have always wanted to develop a brand new business and make an impact on the industry.
And you are right, I can still move to SF :).
How about you? Have you already founded a startup? With or without YC or anyone else for that matter? And why?
Aside from ad revenue, the plan for monetization is to charge for the data we collect. On a subscription basis, we want government officials, interest groups and lobbyists to pay for the data we collect. We give anonymous and accurate data that identifies earmarks, demographic trends, hot button items, etc. The catch is that the people receiving the data need to agree to a minimum amount of interaction with the users on the site (social networking). We also charge them monthly.
I have no doubt that if just a couple reps/groups find this useful, everyone will jump on board so they aren't left behind. Not to mention, most are spending other people's money, not their own. :)
As for exit plan, this is not completely established. We expect that the application continues to evolve and automate on the back end, leaving us free to hand off to new management without a significant learning curve. Right now, we envision our target buyers to be large news sources, especially if they are political and intend to take advantage of social networking. CNN maybe? FOX? MSNBC? Washington Post? Since newspapers are going by the wayside, there are plenty of companies out there who need a new niche fast.
Thoughts?
In a nutshell, Fourth Branch will act exactly as that: The fourth branch of government. The emphasis on publicizing legislation and providing government transparency has lead us to develop this. Unlike anything to date, we are going to utilize proven social networking practices and focus it on legislation and issues that require public input.
We are looking for any and all comments, criticism and feedback to help us develop quickly. Thanks!