Reverse crowd funding ?

alBongo · 5 October 2016 at 1:35PM

Does any one know of site that does this:

n people pledge £x to entice/encourage party y to "do something".

So each person in the set n (I'll call them funders for ease) pledges their share (£x/n).
Once £x has been reached the funds are deducted from each funder and party y is then offered with the proposition of "23 people have promised to pay you £x if you agree to [insert request here]"

Party y can then either:
1: Accept
2: Reject

If they reject then the money is returned to each funder.
If they accept then funds start to be released to party y along some agreed basis e.g. 10% on agreement, 40% 7 days prior, balance on delivery.

I realise there's holes in the model I've described but has anyone seen a site that does something like this?

Thanks

AndyT678 · 5 October 2016 at 2:05PM

https://www.justgiving.com/

alBongo · 5 October 2016 at 2:23PM

The Justgiving model appears to require party y (in my model) to offer a proposition - not quite what I was after.

Mirno · 5 October 2016 at 3:25PM

No, because it's a terrible idea.

Firstly, the group needs to form before it can decide what it wants otherwise you'll end up with 20 groups offering the same person very similar, but crucially, slightly different things.

Secondly, the would-be recipient, seemingly has no say in the matter other than a "yay" or "nay" at the end.

Finally, it's highly likely to be abused - X offers Y £1 to go fornicate with themselves.

alBongo · 5 October 2016 at 4:10PM

I said there ware a few holes in my idea but still think it's an interesting model.

Rules:

Must be > 1 funder
Minimum target pot of £100

There is also a mechanism for discussing the proposition and agreeing a binding output. Also ability to report "vexatious" propositions.

Anyway - I'm not trying to set this thing up. I'm assuming that someone has already done this. If not, this is my idea

Reaper · 6 October 2016 at 12:20AM

Bit like this then:
http://www.imdb.com/title/tt3531824/

beansOnToast_3 · 6 October 2016 at 10:45AM

There was something like this being developed called reversefunder, it was like kickstarter but where a group of people came up with an idea for a product, pledged to back it and companies would bid to be given the deal to build it.

It never got off the ground.

In theory I like your idea, it comes down to thinking of a niche in which you could make it work. Charity challenges could be one thing. "23 of your friends have pledged to donate £200 to Cancer Research if you run 10k dressed as a pumpkin. Do you accept?"
Or local community projects could be another thing. "23 people have pledged to pay £500 to a company that can provide plants and shrubs for a local park. Does your company want the work?"

As with all of these things, getting to a critical mass of users will be the hardest thing.