presenting askmarkets at the techcrunch/opencoffee event in athens
DESCRIPTION
The keynote file of my presentation at the "TechCrunch goes OpenCoffee Greece" event, hope you'll like it. The videos are missing though, slideshare does not support such a feature. But you can find the embedded videos here: http://opencoffee.gr/2008/08/01/tc-oc-askmarkets-video/TRANSCRIPT
Hello
I have a lot to tell you
but I do need to hurry,so I’d stick to just one thing:
markets
...”markets”You probably know a lot of them...
there are stock markets,
betting markets,
street markets.And they all seem to be so different,
they look like apples and oranges somehow, right?Well, I'd say not. All markets, whether they concern
stocks or...
fish,they are essentially the same, at least to the extent that they...
bring people together
bring people together
bring people together
trigger conversations
trigger conversations
bring people together
trigger conversations
sum up information
sum up information
bring people together
trigger conversations
sum up information
transmits it through prices
transmits it through prices(so, just by looking at the prices, you can get a true feel of the situation..)
markets
After all, we do believe that these 4 features and the mechanism of...
useful
are useful
not just to
sell / bet / allocatemoney
but also to
exchangeinformation
.
built askmarkets
And we built askmarkets with the vision to
bring this functionality to the masses
marketplace
So, you may call it a marketplace for information or predictions or events or whatever,but, no matter how you call it, it actually works like this:
you sign up and get some play money to spend...
¥€$
YES, that’s our play-currency
There are already some markets, you may navigate to ‘trade’...
or search for the ones which interest you, let's just pick on for now this one...
it’s a market about britneyand the two possible outcomes of this question are represented by the stocks traded on this market.
¥€$ = %
Each stock gets a price from 0 to 1 and its current priceequals the probability of the outcome coming true
disagree? go trade and make money!
the lower the price, the more you gain
let’s take a look at the actual trading process, you can see the evolution of prices in the graph and if you disagree with the current prices, you may change them, just enter an amount of money to invest, press buy and here you go, you just changed the market prices
your opinion has impact
So, ...
market aggregates information
while market aggregates information,
finally, market closes and money is redistributed
among the owners of the winning stock
and you watch yourself climbing up or falling in the traders’ ranking (thereby building your reputation)
create your own market
You can also
it’s equally simple, a 2-step process, you just enter the market’s title
and the potential outcomes on the market question as stocks
So, this is askmarkets.
several years of PhD research on the field
we have invested ...
the most intuitivemarket algorithm
we have developed ..
the simplest market UIever created
and ...
we r here 2 stay.
yet in private beta
we are yet..
but you may get in
...by just entering your
email: {...}password: opencoffee
...starting from now on
askmarkets.com
So, this is askmarkets.com,It's easy and it's free, we've been working really hard on it, we hope you'll like it :)But we are here tonight to announce one more thing:
acme.askmarkets.com
and this is it.your very own marketplaces in separate subdomains for your enterprise or your community only
and this is a paid service, giving you all these rights
✓ separate marketplaces
✓ empty database to build on
✓ public / private
✓ customizable
acme.askmarkets.com
an empty database to build on, either public or private and fully customizable to your wants and needs
acme.askmarkets.com
✓ bring people together
✓ trigger conversations
✓ sum up information
✓ transmits it through prices
...this is the vision, these are the tools, this is askmarkets, thank you very much!
photos from under