Tuesday, June 30, 2020

"Human IPO wants you to buy shares in regular people"

Um, it this a good idea?
On a couple dozen different levels.
From The Hustle, June 24:

These days, everyone’s going public. 
Finally, we have a viable counterpart to Michael Scott’s iconic announcement, “I declare bankruptcy!” Now every midlevel worker in Silicon Valley is shouting into their apartments, “I’m going public!”

That’s right: You can now invest in humans. Entrepreneurs and futurists are selling up to 500 hours of their time — priced at 1 hour per share — over at Human IPO.

The NASDAQ is shaking 
Human IPO has been around since October, but it didn’t hit most people’s feeds until recent weeks.
The idea is this: As the people behind the IPOs become more successful, their time will get more valuable.

Let’s say you bought 10 shares — 10 hours — of Mark Zuckerberg’s time back in 2003, before Facebook launched. Probably pretty cheap. But now that 10 hours with Zuck is worth millions.
For now, you can set your own share price. But Human IPO is working on an algorithm that uses LinkedIn and Glassdoor to automatically give you a price....MORE