This is the process that Entrepreneur Commons is promoting:
- Peer-support for entrepreneurs, in the form of small chapters (5 to 10 people) where entrepreneurs share knowledge, experience and contacts to help each others.
- Projects from these chapters promoted through the system to become eligible for financing. This is no longer you against me, but rather it is you now because your project is more mature, and I will be next - abundance thinking.
- A portfolio approach to funding, because at seed stage there are too many parameters and nobody can predict who will win. Once projects have been promoted through the system, and rated by peers, they are automatically funded (top x% based on funds available).
- A virtuous system, because if peers are promoting projects, they have a vested interest in seeing them succeed, so that they can be next in line for funding.