Startup Lotto Gives You the Chance to Own a Piece of a New Company
Michael Hines — March 23, 2011 — Business
References: startuplotto & springwise
I don't think I can ever go back to playing scratch'n'wins again after reading about the Startup Lotto. The Startup Lotto is a new Danish website that lets members potentially win one percent of a budding start up company.
The Startup Lotto doesn't run off the typical lottery pay-to-play system. Instead, Startup Lotto sends out one email a month inviting its members to try out new websites. If you sign-up to those websites you are automatically entered in a drawing to win one percent of that companies stock. One percent may seem like a paltry sum, but when you think about how big certain startups have gotten (like YouTube and Facebook), you could potentially be looking at big money.
The Startup Lotto doesn't run off the typical lottery pay-to-play system. Instead, Startup Lotto sends out one email a month inviting its members to try out new websites. If you sign-up to those websites you are automatically entered in a drawing to win one percent of that companies stock. One percent may seem like a paltry sum, but when you think about how big certain startups have gotten (like YouTube and Facebook), you could potentially be looking at big money.
Trend Themes
1. Startup Stock Raffles - A new form of crowdfunding that allows individuals to potentially win stock in a promising startup company.
2. Alternative Lottery Systems - Innovative approaches to lottery systems that focus on the potential value of a company rather than traditional cash prizes.
3. Gamified Investing - Incorporating game-like elements into investing to engage a wider audience and make it more accessible to the general public.
Industry Implications
1. Crowdfunding - Startup Stock Raffles presents a unique form of crowdfunding that allows for wider participation and higher potential returns.
2. Fintech - Alternative lottery systems like Startup Lotto offer a promising opportunity for new FinTech startups to enter the market.
3. Gaming and Entertainment - Gamified investing could attract younger audiences and diversify the demographics of investors engaged in gaming and entertainment industries.
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