Some out there believe an idea is only as good as its execution. We’ve profiled a number of startups that have tried to put some kind of spin on the idea marketplace, where you can go and sell an idea to someone else. We’ve even talked about how startup leaders like David Cohen of Techstars believes that the idea marketplace will never work, and for good reason.
Now, two bright entrepreneurs from a little town outside of New York City have decided to try that idea marketplace again. Jordyn Rikard and Kyle Jergensen have a startup called Go IdeaCat.
So why does this startup have a better chance to succeed?
First off it’s in the pricing. “Investors then place a starting bid of $5 and bids can rise up to $100! Once the bidding is over, the full idea is released to the investor and the idea creator gets their cash,” Rickard explains.
Previous iterations of this same idea have had the ideas on the marketplace for tens of thousands of dollars. In order to get that kind of money you need to be a proven, multimillionaire founder.
Rickard and Jergensen are targeting people who think they may have stumbled onto the next big idea but don’t have the time or know how to execute.
Will it work? Time will tell. In the meantime check out our interview with Rickard below.
What is your startup called?
What does your company do?
Go IdeaCat is an idea sharing network that connects investors with individuals who have great ideas but not the time, resources, knowledge or money to make them a reality. A great idea should never go to waste. Users start by signing up and listing ideas for free. Ideas are kept a secret except for the category the idea falls under and then three specifics chosen by the user as a teaser to the main show. Investors then place a starting bid of $5 and bids can rise up to $100! Once the bidding is over, the full idea is released to the investor and the idea creator gets their cash.
Who are the founders, and what are their backgrounds?
Kyle Jergensen and Jordyn Rickard are the founders of Go IdeaCat. Jordyn Rickard is a freelance writer and marketing guru that currently works full time for Kea Advertising, a full service marketing agency. She’s got the creative brains and the determination to take Go IdeaCat to the next level.
Kyle Jergensen is another creative mind with a degree in Economics and a background in business. He keeps the business on the ground and takes care of everything behind the scenes. Not to mention he has ideas flowing a mile a minute!
Where are you based?
We’re based out of Suffern, New York. A small suburb located just 30 minutes from NYC.
What problem do you solve?
We solve the problem of the dreaded dead end. It’s a bummer when someone has a great idea but can’t make it happen. What happens to the idea? It just sits there or gets forgotten about. By connecting motivated business minds direct with creative brains, we solve the problem of stifled creativity.
Good ideas don’t wait. The world as a whole is evolving in every way and creative minds are everywhere. There are millions of great ideas that deserve to become a reality. The next great idea could benefit society as a whole. We just need to make it happen!
What are some of the milestones your startup has already reached?
We’ve just launched a teaser site to get the word out about Go IdeaCat while we work feverishly behind the scenes to get the real site up and running.
What are your next milestones?
Our next milestone will be the official launch of the site! Expected within the month.
Where can people find out more?
To find out more about GoIdeaCat head to www.goideacat.com