SelfSell is a talent exchange platform wherein various talented individuals list themselves and raise crowdfunding by serving potential future value on the plate of the investors. It is a market store where people with diverse talents are available and you can invest in whatever you like.
The other dimension to it is, it can prove to be an amazing source of funding for entrepreneurs. In any production activity, there are four factors of production namely, land, labor, capital, and entrepreneurship. Though none of them less than necessary, but the future of a business is defined by the way its entrepreneur runs it. It is basically the human capital incurred in a business which defines its fortune. SelfSell is based on the idea of Human Capital Development. As quoted by the great economist Alfred Marshall, “The most valuable of all capital is that invested in human beings.” Various economies have been making policies and building ecosystems to create maximum human capital.
Start-up is a resultant of innovation of a human being who wishes to make this place a better place to live. He/She identify an existing problem in the society and provide a solution to it. The businesses not just tackle problems in the society but also create jobs and contribute to GDP of an economy. This all is possible when these businesses get the funds to start over.
Conventionally, the biggest hurdle for any business is to get funding. To do this, they pitch to venture capitalists. SelfSell Platform is a useful complement to venture capital. In the conventional process, the autonomy of the entrepreneurs gets diluted. This may result in conflicts and the desired outcomes are not extracted. However, with SelfSell, the autonomy stays with the innovators. They have the required flexibility to move to subsequent projects.
The reason for dilution in autonomy is the risk of failure. Venture Capitalists basically have funds accumulated by investments made by small-scale investors. They make a joint fund and invest that in new businesses. If the business fails, they have a liability towards the investors. While the liability still exists in investments made via SelfSell, but from the risk perspective, SelfSell Platform resembles an investment that automatically shifts from a start-up entrepreneur’s early failure project to subsequent project. As long as investee continuously works, SelfSell’s investment will never witness zero return. This reduces the pressure on the entrepreneur and he can make bold choices which might end up with better results.
Also, SelfSell opens new avenues for risk-averse individuals. They can enter the market and can work on the projects which earlier they were not ready to take up owing to the risks associated with them. Here, the funds are given in present on the basis of the future value and if somebody has faith in his/her idea then proving your worth won’t be difficult. You just have to make people believe that your idea is worthy and if channelized with proper funds, it can become a really successful venture.