spot.us - community funded reporting
Here is a business idea that I like and think that could catch on (if there is a working micro payment system worked out in our lifetime that is). Its community funded reporting. You think you are a journalist? You believe in free reporting? You still need money for your reporting and survival? Well this place is about to help you. It sports a wiki where you can make a pitch about a story you want to report on. You say how much it costs to produce the story. Concerned citizens and locals interested in the story donate to your pitch - if the reserve you have set is reached you get the money and do the piece. Then the final story is send to spot.us where its fact checked and spellchecked and made into a neat package that then gets distributed (for free I guess) to local media outlets. This makes so much sense its great. Yet I did say that a real micropayment system needs to be worked out for this - as I might not want to spend a lot of money on each story but small change here and there to get the truth out. Maybe you could buy a $10 credit or the like and then spend that on whatever story. Anyway I will be watching that project it might just get huge with just one hit piece of reporting where the traditional media has failed (and that wonīt be very hard to achieve). It also solves the "pennyless blogger sweatshop problem"... Only thing that might get in the way is a site setting the topic not to "environmental political news" but to "more gossip from plastic stars" - which would ultimately suck in all the money.