Emergic: Rajesh Jain's Blog

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Incubator as Co-operative

April 27th, 2007 · No Comments

GigaOM writes about HitForge:

HitForge is an entrepreneur cooperative composed of independent small teams, where people can apply with their ideas, join the team, and see their idea go from idea to product in a few weeks, largely with help of an offshore engineering team.

If it works, then the product is turned into a company. If it doesnt work, the product is killed, and the team moves onto something new. HitForge is out of a few thousand dollars. The team whose product got killed still gets to share in the hits that come out of the cooperative, Ravikant says.

Tags: Entrepreneurship