I just learned about nReduce the other day - very interesting model. Two questions for Joemellen:
- How are you guys going to make money? I realize the virtual model is very, very lean...but I imagine you'll have to pay the bills eventually. What's the business model?
- How does nReduce feel about smaller side-projects, lifestyle or micropreneurial projects? Is it only for teams and startups that are looking to get big?
- We are going to make money in the future providing services to investors / service providers.
That is all being prototyped and will be shaped in the next few months. But the main thing is that we will never charge startups / take equity.
- We are not a gate keeper. Meaning we don't say which projects get in.
The real filter is whether other teams will want to collaborate with you. If you have a small project and are not engaged you may have difficulty connecting with great teams. Or you could also just connect (build a group of other startups) with other part time people.
So in summary, any project can join. And for the most part if you are working consistently and help out the other teams in your group, you should have a great experience.
Great, thanks for the responses. I'll definitely take a look. I've been wanting to put together a mastermind of other micropreneurial people for a while...this might fill the role perfectly.
- How are you guys going to make money? I realize the virtual model is very, very lean...but I imagine you'll have to pay the bills eventually. What's the business model?
- How does nReduce feel about smaller side-projects, lifestyle or micropreneurial projects? Is it only for teams and startups that are looking to get big?