Crowd computing with Tradevibes’s Startup exchange
If you are one of those who is interested in startups and also like to dabble in stocks or trade stocks then Startup exchange is for you.
Startup exchange, which is in alpha, is promoted by Tradevibes and is part of the 
Tradevibes website. Startup exchange is a virtual trading exchange where members trade stocks of tech startup companies. TradeVibes describes itself as the best way to discover, research and discuss hot (and not so hot) startup companies and Startup Exchange is one of the products that is offered by the users to maintain their interest in the core product.
Once you join the startup exchange you give 100,000 virtual dollars and you start
trading in stock of the tech startups trying to earn virtual money. The winners are declared every week and there are prizes for the highest earner (return) and for that member who has the highest net worth that week. The prizes are interesting ranging from a meeting with a tech entrepreneur to Wii.
Startup exchange is a good example of how crowd computing can be used to generate intelligence. In the case of Startup exchange crowd computing is used to predict the stock markets. The concept is interesting as Tradevibes uses this game to evaluate the value of the tech startups. In their own words “the prices of the companies in the exchange represent the community’s view on the valuations for these companies”. They hope to attract enough members so that they are able to predict the trends in the actual market.
There have been mixed reactions to the virtual exchange. If you want to explore more about Startup exchange then head to their blog which has more information.
Pros
- The members benefit as they can make some extra money while indulging in the favorite profession and also acquire knowledge. It is a good service to subscribe to for students of economics with particular interest in startups.
- Virtual Exchange is also helpful to those who trade in stocks of tech startups in the ‘real’ world.
- Virtual Exchange is helpful to the Venture Capitalists.
- Virtual Exchange is helpful for technocrats to know what is ‘hot’.
Cons
- The amount of work the members do is not justified by the value of the awards though recognition is not measurable but then Virtual Exchange needs to get more popular as a service where one can find rock stars as far as tech startups is concerned.
- More tools and knowledge base would help the members in making Virtual Exchange better.
Conclusion
Virtual Exchange is a interesting service and will catch interest of users. A increase in incentives and a better knowledge base would go a long way in making the service a great one.
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September 4th, 2008 at 10:48 pm
Thanks for mentioning TradeVibes and the Startup Exchange! We’re excited about offering it both as a game and as the first predictive market for startup valuations. Stay tuned, as we’ll be rolling out some new features, debuting some new companies, and increasing the incentives with some prizes!