1. Summary Of FirstRateCrowd (Specific Discussion)

A community forum related to all aspects of our first six ABOUT sections. Developing, Building, and Implementing the Business Venture.

Posted on: » Wed Feb 22, 2017 8:59 pm #1

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1. Summary Of FirstRateCrowd (Specific Discussion)

Post by Admin » Wed Feb 22, 2017 8:59 pm

First Rate Crowd is developing a unique and profitable web platform that leads to the creation of a new form of corporation for its community members; it is a corporation that in principle will ultimately become their own. It is a crowdsourced platform with a more democratic functionality than that of traditional corporations, allowing persons to work in, and eventually launch, their own community projects. The overall result is a vibrant collaborative venture. It is more efficient and effective at producing economic returns than the standard company model allows. The new structure serves the needs of the community and society to reduce income inequality.

First Rate Crowd starts out as a rating company; the model is unique and dynamic in its reward-based system that is rarely seen in a standard company. It is an exciting concept that will eventually allow our community members to fund projects they believe in and support. The platform will have many different special interest groups and members are welcome to get involved in the areas that interest them; these will grow over time as we accumulate more members.

By ownership we mean the community eventually owns the majority of the profits and runs the operations of the platform. The reins of control for the company are gradually turned over to the community using a powerful yet flexible system of controls. The more the community participates, the more the operational functions and profits are turned over to them; the community does not, however, own the limited liability corporation (LLC). With the eventual goal of an Initial Public Offering (IPO), members and others will have the ability to own stock in the enterprise at that time.

The management team is well-versed in the need of this community and in a perfect position to execute on the business model. The startup venture requires $800,000 in community crowdfunding. For this, the community will receive as a final position an 85% share of the net revenue profits after an open challenge is met for member rewards and growth of the platform. Antilope LLC, the parent company of First Rate Crowd, will receive a 7.5% share and the remaining 7.5% share will be permanently dedicated towards a national advertisement campaign to ensure future growth. Most importantly, individual members and the community as a whole will gain unprecedented control over the direction and substance of the entire operation.

After our community funds the project, nearly 60% of the funds received will go towards the development of the site's formal computer software with the remainder being allocated towards startup and operations. The software development and Beta testing will take place over a 6-month period before the launch of the formal site. Thereafter, financial rewards and community control will grow in return for the investment at a substantial rate as the company continues to unfold.

These ideas and concepts will affect how business is conducted; they provide a different and better perspective to the current productivity model we all endure. While still being firmly grounded in operational principles, the innovative qualities of this community venture make it fresh and exciting.

We invite you to help us start the development and growth of our crowdsourced community. Share your thoughts and aspiration on our current site's forum and help us develop our soon to be announced Indigogo funding drive. Let us make this a better day for everyone while doing good in the world. It is after all ultimately our own community business venture.
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Posted on: » Sat Apr 22, 2017 1:54 pm #2

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Re: 1. Summary Of FirstRateCrowd (Specific Discussion)

Post by Sterling Volunteer » Sat Apr 22, 2017 1:54 pm

I see Dr. Heetun has already collected over $16,000 of the initial $80,000 she needs towards the entire $800,000 to add the last two components to the platform. Although $800,000 is steep for a crowdfunded project, with your average Kickstarter project being much less, I think this needs to be put into perspective.

I recently read you need $800,000 just in “liquid cash” to get a McDonalds franchise with its $1-2 million startup cost. A friend of mine in San Diego just brought a 2b2b older home in a nice neighborhood for $850,000. Down at the ocean, the Navy is squawking loudly over the USS Zumwalt’s, (a stealth destroyer), cost for each round of 155-millimeter GPS precision guided artillery shell costing $800,000 each.

I made a donation because I believe that by reducing economic inequality I can have a much better overall quality of life for me, my family, and my friends. Given the total project cost compared to the costs I presented above, what I will receive back makes this project a bargain. From what I can figure out, most of the charity organizations asking me for donations are really fighting against economic inequality in one way or another. They are just seeing and trying to relieve the end result of the carnage produced by economic inequality. Fighting the basic cause of economic inequality seems to me like a better way to go rather than putting out the many fires inequality causes.

~SV~
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