Fake news, like corruption is an externality of capitalism and innovation hubris worked for Steve Jobs. wishing you all the best. On Sat, 16 Feb 2019, 21:34 Patrick A. M. Maina via kictanet, < kictanet@lists.kictanet.or.ke> wrote:
Greetings Listers,
I have a technical concept that could *solve *the *online fake news & content integrity riddles at scale* - via a* completely new way of thinking *about *social media platforms *and *their business models. *
I'd like to partner with a credible *private-sector* *institution* to refine and bring this concept to life (through PoC / MVP / MMP to full launch and beyond).
*Decision makers* from interested institutions can reach out to me in confidence via the following email [pmaina2000_at_yahoo_do_t co_m]. This call will remain open until a deal is signed. I will reply to all inquiries that I receive, but will not provide any pre-NDA disclosures.
*Examples of an ideal partner:*
1. A large media house that is looking to get into the digital ads platform space as a platform owner; or
2. A large / well resourced internet-space player with aligned values (pls see below); or
3. A reputable private university; or
4. A large advertising agency; or
5. An institutional investor (e.g. reputable NGO / Impact Fund / Socially Conscious VC).
*Why it's worth it:*
1. Any innovation that *significantly reduces or nullifies* the impact of fake news and disinformation in the digital realm will help promote peaceful democracy and save lives by preventing socially engineered conflict;
2. Internet and media freedoms will be enhanced (governments will have fewer, if any, legitimate reasons to shut down the internet);
3. Unlike existing solutions, we'll be building with content integrity in mind - *from the ground up.*
4. Stronger value proposition to advertisers, businesses and society with stronger societal values alignment
5. Milestone linked seed-funding structure. Initial commitment levels directly and incrementally linked to deliverables.
6. Potential for very high (financial and social impact) ROI. Key hypothesis being that there is a high and growing demand globally for a socially responsible alternative to status quo.
*The partner must:*
1. Have a reasonably sophisticated risk appetite (aware that the bet might not pay off, but can afford to run a potentially high-payoff experiment to find out);
2.Be able and willing to self-fund the entire *seed round* up to MMP launch (*~$250,000* USD total). Demonstrate ability to easily raise / provide follow-on funds for *rapid* continent-wide scaling (*>$2M* USD) if/when necessary;
3. Have an official business presence in East Africa - preferably in Kenya (or be willing to set up a physical office in Kenya);
4. Be willing to sign a fair and balanced NDA, accept closed-source implementation approach and fund IP protection where strategically relevant and necessary;
5. Be capable of funding the project as an *equity investment* (no debt or convertibles); and does not have material conflict(s) of interest.
6. Able to fund *rapid* continent-wide scaling at agreed milestones;
7. Will allow monetization features for commercial self-sustainability.
8. Be willing to consent to a deal that accords me full creative, technical, executive and strategic freedom (+ authority) on the project as CEO;
9. Moves fast, has simple approach, minimal or nil hoops and commits to targets / schedules.
10. Ready to commit long-term (>10 years) if project is viable, hopefully until IPO (i.e. not a venture flipper);
11. Commit to building Africa and Kenya by incorporating the startup's HQ base in Kenya (under Kenyan legal/dispute resolution system).
12. Be willing to accept a conscious capitalism model for the startup.
(Conscious Capitalism <https://www.investopedia.com/terms/c/conscious-capitalism.asp>)
Conscious Capitalism
Conscious Capitalism is a philosophy with a central premise that businesses should serve all major stakeholders,... <https://www.investopedia.com/terms/c/conscious-capitalism.asp>
Looking forward to your inquiries. Thank you!
Best Regards,
Patrick A. M. Maina. [Cross-domain Innovator / Independent Public Policy Analyst - Indigenous Innovations]
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