King  Gary 

70 people who have never met each other before have discussed online to build a startup over this weekend. It’s called Startup Weekend. TechCrunch mentions it here. The product that they are building is called VoSnap, and it’s supposed to help a large group of people agree on decisions quickly. I’m guessing that this was partly inspired by the situation that they themselves are currently in.

Every person there will have equal equity in the company that they build. This is absolutely insane – 70 equal founders of this one company where they just decided on the company’s first product in one meeting? This is going to be one heck of an interesting experiment to keep an eye on!Personally, I don’t think that anything great will come out of this group. No matter how great every one of them are as developers, it is near impossible to co-ordinate well with that many people.

I predict that people in the group will end up befriending only a handful of people – maybe 3-4 – and then code a small module of the final product together. If they do work like this, then they have a chance of building something that’s more useful than what a thousand monkeys could produce if they jammed out on keyboards!

One thing that I can picture, though, is that many of them will build startups of their own with new people that they meet from the experience, which I would imagine will be the most valuable thing to come out of the whole event.

You can see them working, live, at Ustream.