Idea #12: TIM - The Ideas Market

TIM stands for the “The Ideas Market”. TIM is a web service that acts as a platform to trade ideas.

Most people have ideas but lack Resources, Readiness and Rigor (3Rs of Execution!) to bring these ideas to life. Many on the other hand may have the 3Rs but lack the ideas or concepts to begin with.

TIM bridges this gap by connecting people who have the ideas to people who need ideas to execute.

Please do not confuse this with concept of investors or private equities. TIM is an open market place where anyone can sell or buy ideas.

The process works something like this,

1. X has an idea but lack the 3Rs to execute. Also X is not inclined to spend energies on the 3Rs
2. X then prepares a business case explaining the idea and revenue model and puts it up for sale on TIM
3. It’s important that the idea be detailed out and not be limited to a high level concept
4. All ideas that goes on TIM will be copyright protected automatically
5. Anyone who is interested in the idea presented by X can bid to buy the idea and can quote a price
6. X can sell the idea based on the highest one time price or based on share allocation that the buyer offers
7. An idea can be sold to more than one buyer if its agreed to be used in non competing scenarios
8. TIM generates revenues by taking a % of the total deal

Idea #11: Itstory

Itstory (pronounced as It’s Story) is the single largest complication and archive of the history of all corporations and institutions that have existed in the last 110 years (from 1900 to 2010). I know what you are thinking. The idea is a dud because such information already exists in Wikipedia and other encyclopaedias. I agree that its there but what they have is a brief overview, summary of companies and not the details.

Itstory will offer unprecedented levels of details and information about every single corporation that has recorded information.

1. How the company came into being?
2. Major milestones
3. All interviews and articles every published about the company in Media
4. TV interviews, Videos, Ads from that company
5. Financial trends and Stock positions
6. A good summary of why the company failed (if it has failed)
7. What are the people involved in those company now doing
8. Rich personal history about the key people of the corporation

This could even be made into comic books or part of school syllabus for children to learn from.
In a nutshell and borrowing from Google’s tag line, Itstory will be,

“Organising the World’s Corporate Information in the most sensible, effective and useful format”