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In this weeks program, I spoke with Matt Deiters, the Founder and CEO of Assembly.com, an incredibly innovative platform that allows people from around the world to collaborate on startups together, make them profitable, bring them to market, and then split the profits based on their contributions to the project.
Matt Deiters – Assembly.com
How awesome does that sound? Analogies can be drawn to crowd-sourcing and open-source. Both concepts have a lot of overlap with what Assembly does.
But it’s that for-profit aspect that really makes Assembly stand out, and makes their model a particularly challenging one… your brain is probably be tickled thinking through some of these right now.
- How do they agree on contribution percentages?
- How do they manage payouts?
- Who handles the accounting?
- Who owns the intellectual property?
- Who owns the company?
There’s so many nuances to the model that make it, again, an insanely challenging problem to solve.
But their implementation has been absolutely butter.
Assembly.com Crowdsource Startup Platform – People
At only 7 months young, these guys are the real deal. An alumnus of the 2012 cohort of Y-Combinator, their flagship product Coderwall - the social network for developers which some of you may be familiar with – boasts over 500,000 active members and is generating an average of $30,000/month right now.
All of which is distributed back to the community of contributors who’ve participated in the creation of the product on Assembly.
Incredible. Enjoy the episode.