Method and system for web-based idea prediction market investment
View Patent ↗A method for idea prediction market investment is provided. In an idea management system, a network server advertises to a user, via a network and a client device, a first idea that the user can invest an amount of virtual money X during an investment period in an idea prediction market. The advertising indicates to the user how much virtual money Y the user will receive if the user holds the investment until the first idea gets selected at the close of the investment period. The return of investment (ROI) Y over X is based at least on a second idea in the idea prediction market. In one embodiment, the user may divest the investment X prior to the close of the investment period. In another embodiment, the user is prevented from divest the investment X prior to the close of the investment period.
1. A computer-implemented method, comprising:
presenting, via a network and a client device, a plurality of innovative ideas for investment in an idea prediction market, wherein each innovative idea has an initial value in the idea prediction market;
advertising to a user, via the network and the client device, a first idea that the user can invest an amount of virtual money X during an investment period in the idea prediction market, wherein the advertising indicates to the user how much virtual money Y the user will receive if the user holds the investment until the first idea gets selected at the close of the investment period, wherein Y over X is based at least on an amount of investment of a second idea in the idea prediction market, and wherein the user cannot receive more than X virtual money prior to the close; and
selecting the first idea for implementation at the close of the investment period, wherein a final payout of virtual money Y over X is contingent upon the selection of the first idea.
2. The method of claim 1 , further comprising:
providing the user an opportunity to divest the investment X prior to the close of the investment period.
3. The method of claim 1 , wherein the user is prevented from divesting the investment X prior to the close of the investment period.
4. The method of claim 1 , wherein Y over X is based at least on the total amount of investment for the first idea and a total amount of investment for all ideas in the idea prediction market.
5. The method of claim 1 , wherein the first idea is associated with a value in the idea prediction market, and wherein the first idea is selected based on a selection mechanism independent from the value.
6. The method of claim 5 , wherein the first idea is ranked in an idea collaboration market, and wherein the initial value of the first idea in the idea prediction market is determined based on the ranking.
7. The method of claim 5 , wherein the first idea is ranked in an idea collaboration market, and wherein the initial value of the first idea in the idea prediction market is determined based on a predefined value.
8. A network server computer, comprising:
a processor;
a database;
a user interface that presents a plurality of innovative ideas for investment in an idea prediction market, wherein each innovative idea has an initial value in the idea prediction market; and
an idea prediction module that advertises to a user, via the user interface, a first idea that the user can invest an amount of virtual money X during an investment period in the idea prediction market, wherein the advertising indicates to the user how much virtual money Y the user will receive if the user holds the investment until the first idea gets selected at the close of the investment period, wherein Y over X is based at least on an amount of investment of a second idea in the idea prediction market, wherein the user cannot receive more than X virtual money prior to the close, wherein the first idea is selected for implementation at the close of the investment period, and wherein a final payout of virtual money Y over X is contingent upon the selection of the first idea.
9. The network server computer of claim 8 , wherein the idea prediction module provides the user an opportunity to divest the investment X prior to the close of the investment period.
10. The network server computer of claim 8 , wherein the user is prevented from divesting the investment X prior to the close of the investment period.
11. The network server computer of claim 8 , wherein Y over X is based at least on the total amount of investment for the first idea and a total amount of investment for all ideas in the idea prediction market.
12. The network server computer 8 , wherein the first idea is associated with a value in the idea prediction market, and wherein the first idea is selected based on a selection mechanism independent from the value.
13. The network server computer of claim 12 , further comprising:
an idea collaboration module that ranks the first idea, and wherein the initial value of the first idea in the idea prediction market is determined based on the ranking.
14. The network server computer of claim 12 , further comprising:
an idea collaboration module that ranks the first idea, and wherein the initial value of the first idea in the idea prediction market is determined based on a predefined value.
15. A non-transitory computer-readable medium storing instructions that, when executed by a processor, cause the processor to perform a method, the method comprising:
presenting, via a network and a client device, a plurality of innovative ideas for investment in an idea prediction market, wherein each innovative idea has an initial value in the idea prediction market;
advertising to a user, via the network and the client device, a first idea that the user can invest an amount of virtual money X during an investment period in the idea prediction market, wherein the advertising indicates to the user how much virtual money Y the user will receive if the user holds the investment until the first idea gets selected at the close of the investment period, wherein Y over X is based at least on an amount of investment of a second idea in the idea prediction market, and wherein the user cannot receive more than X virtual money prior to the close; and
selecting the first idea for implementation at the close of the investment period, wherein a final payout of virtual money Y over X is contingent upon the selection of the first idea.
16. The computer-readable medium of claim 15 , the method further comprising:
providing the user an opportunity to divest the investment X prior to the close of the investment period.
17. The computer-readable medium of claim 15 , wherein the user is prevented from divesting the investment X prior to the close of the investment period.
18. The computer-readable medium of claim 15 , wherein Y over X is based at least on the total amount of investment for the first idea and a total amount of investment for all ideas in the idea prediction market.
19. The computer-readable medium of claim 15 , wherein the first idea is associated with a value in the idea prediction market, and wherein the first idea is selected based on a selection mechanism independent from the value.
20. The computer-readable medium of claim 19 , wherein the first idea is ranked in an idea collaboration market, and wherein the initial value of the first idea in the idea prediction market is determined based on the ranking.
21. The computer-readable medium of claim 19 , wherein the first idea is ranked in an idea collaboration market, and wherein the initial value of the first idea in the idea prediction market is determined based on a predefined value.