Time to get curmudgeonly again

[markgritter]

Minnesota was already the home of W3i and their "pay people to buy iPhone games" product (the discontinued "Apperang"). Now we have another entry in the "shortcuts to building a user community" field, Wahooly. This MN-based startup recruits users for other new startups, by offering equity to the users. Signing up (and blogging/tweeting/FBing

Comments

I can see it ...

[freelikebeer]

... as a middle. "Let us mitigate some of your first adopter risk by giving you a future-rebate." But I think you have to be exceptionally well calibrated before someone is taking the very worst of it. Sprinkling shares like pixie dust onto your very early stage customers is too indiscriminate. Ethics aside, it's not very strategic. "I'm here to play craps. I want to put half my roll on 10, the hard way." If I were an investor, I would think, "These guys have no idea what they are doing."

From the founder

[ext_847374]

You bring up some great points, and I appreciate you taking the time to evaluate Wahooly