Common Edge’s Open Startup initiative aims to bring external collaborators to make startup making more effective and profitable. It’s like having a curated crowd building a startup.
Why? Startups require diverse skills. And in Sri Lanka – where great people are doing their own thing – its often hard to find co-founders and engineers to commit full-time on building a startup. By opening up the startup-making process, it may be possible to build something amazing and profitable by having a small crowd working on it on a part-time or on-demand basis.
The Open Startup model can be applied to the following conditions:
- a rough prototype or digital product exists, but it has stalled.
- a great idea exists and there is a need energy and expertise to execute.
- an investor or a corporation has an idea and is willing to invest to make it happen.
Let’s make this a little more real.
Over the past two or so years, Common Edge has loosely validated and built a couple of platforms with the aim of them becoming stand-alone startups.
The Call – Do you want to get involved? We want to open these startups for others to get involved and help execute them. And there’s equity that can be shared (based on a vesting basis). Here’s a couple of open startup projects to kick things off.
Project 1: Everything Movies – www.movies.lk
We spoke to a lot of movie-goers and they wanted to a quick way to find out what was showing where and book it. We also knew that movie-goers wanted to read more about films and actors, and know what was coming soon.
Our aim was to create a super platform for booking movie tickets, and reading about movie culture and eventually for watching movies through. We have built a prototype and that needs expanding. We experimented with a news sub-domain in Sinhala (see http://news.movies.lk) and there was great feedback. And we have a highly brandable name – movies.lk.
For movies.lk to get to the next level it needs:
- leaders with management expertise and contacts to make movies.lk dominate the movie ticket booking sector.
- engineers who can improve the existing platform and add new geo-location features, and connect to existing booking APIs, etc…
- content and digital marketing team to drive a content strategy and ensure movies.lk is the go-to platform for anyone wanting to find out more about movies or make bookings.
Movies.lk is an open startup. We are happy to share equity (on a vested basis) for the right people who want to get involved. With the right combination of experts from the crowd, we can make movies.lk the go-to platform for everything movies.
Project 2: Everything Office Space – www.officespace.lk
We made an assumption that as Sri Lanka becomes more of a hub for global business, the need for office space will increase and that there would be a need for a one-stop platform that featured all types of office spaces, from co-working to whole floors and warehouses.
The aim with www.officespace.lk was to initially be a marketplace for buying or renting officespace, and then to evolve it to become a platform that could offer other services that businesses would require (from cleaning to stationary to insurance).
We also see a future in Sri Lanka where the paperless contracts and leases will become more common, and this is something the OfficeSpace platform could also feature.
Right now, www.officespace.lk is a marketplace – and phase one is probably to become the ‘ikman of officespaces’ – where it is the go-to platform for anyone who wants to look for officespaces and for landlords who want to offer spaces to businesses.
OfficeSpace will require a small team with individuals who have experience in property / real-estate to drive the phase one business model. As described above, the objective of phase one is to own the space. After that – monetising strategies can be put in place and further features and offerings can be implemented.
If you want to discuss either of the above two open startup projects, please send a message to Sam via WhatsApp on +94776965358 or email via email@example.com