An interview with the founder of 'Agora'- The business run by an online community
by Startacus Admin
Allan Szymczyk is the founder of Agora Food & Beverages - nothing revolutionary about a Food and Beverages Company perhaps. However the idea behind Agora is to create a business that is completely run by an online community so that it benefits society & its business stakeholders as much as it benefits its shareholders.
Fab idea and whilst there's some way to go to make it a fully fledged business, a couple of weeks ago we awarded Allan, with our acclaimed Self Starter of the Week title - offering a big high five to Agora’s efforts to date. We invited Allan to self interview to explain all, and without further ado, here’s what he said:
What is Agora?
Agora is a beverage business that is run by an online community through a website. Community members decide on all aspects of the business, starting from what kind of drink to produce, how it should look, how to market it to end consumers, and ultimately what to do with the profits. Basically, we put the online community in the shoes of the CEO.
Where are you in the process?
The community has decided to create a flavoured water with a raspberry & mint flavour. The name that was selected for it is 99% Guiltless which refers to it being 99% water and 1% of natural flavour. Our line is that “1% natural flavour is guilty of making this drink taste amazing”. We are currently testing the various samples that we received with our target audience and once we arrive at a flavour that meets the expectations of the end consumers, than we will launch it on the market.
How can I get involved?
You can get involved by just joining the website and submitting your ideas to the current questions that the business is facing. You also might be able to become a spokesperson of the business, which means that you can go to local independent retailers and convince them on behalf of the community to stock our product. Should you be successful in doing so, than you receive a share of the profits generated in all the locations you were able to get us into.
What do community members get out of participating?
Community members receive points for most actions on the website. Should the company become profitable than the community is allowed to decide what to do with the profits. Should they decide to pay out a share to community members than that amount will be allocated according to the points earned. (That decision was made by the community as well.)
Why are you doing Agora?
Agora is an attempt to create a fairer business that benefits all people who are involved in it. We had the idea while studying for our Master’s degree where we realized that the current corporate design has major problems. It benefits basically only the shareholders and top management while forgetting that it really exists because all the people involved (customers, employees, society in general) support it. So we thought in order to make a business really beneficial for everyone, the decisions need to be made by everyone, & the idea for Agora was born.
Why do you think this kind of model could work?
We actually are not sure it will work. But we are giving it a shot. There are many reasons why it could work, one of the most important ones is collective intelligence which basically suggests that a group is most probably better at finding the right solution than the individual. An example that I personally like is when a French philosopher visited a farmers’ market. One of the main attractions was to estimate the weight of an ox. The estimates of individuals ranged from ridiculously little to extremely high weight to very accurate. However, what was really interesting was the mean of all estimates, which was only 3 kg off the real weight of the ox. The story for me suggests that of course individuals get it right every now and then, but in general, the crowd is a more stable, reliable source of good decision making.
If you are interested in having a go yourself, then why not pay a little visit to the Agora website? Or take a look at Allan's Startacus profile.
If you like what you see here on Startacus, why not become a member of our growing community? It's free! And you'll get all this - exclusive access to our Business Toolkit, discounts and offers galore for your business via our member only business deals, the chance to network and connect with loads of fellow self-starters, and maybe even become our celebrated 'Self-Starter of the Week' and tell the world your startup tale! Join right here for free...
Subscribe to our newsletter
If you would like to receive our startup themed newsletter, full of the latest startup opportunities, events, news, stories, tips and advice, then sign up here.
The impact of standards, ethics and conduct on business success and profits - Work.Life has some interesting insights...
.png)
The lowdown on Space32 - the startup that wants to help hybrid-working businesses find the working space and solution that's right for them.
.png)
Global Tech for Good initiative seeks innovative startups and scaleups that are creating positive social impact and enhancing people's lives through tech.
The lowdown on Bidnamic, the startup that's combining advance machine learning with human expertise to help retailers to maximise revenue and profitability from Google Shopping.
Innovative Czech fintech startup 4Trans raises investment to expand first of its type AI driven factoring services across Europe.
Edinburgh-based life science company Cytomos secures funding to support further development of its innovative cell analysis tech.
Ethical Equity and Streets Consulting join forces to deliver Founder Workshop to help close the inequality gap in startup to scaleup funding.
Fancy being featured in this year’s SmallBiz100, which showcases the best of Britain’s vibrant small business community? There's just a couple of days left to do just that!
Screenloop secures major investment to support further development of its AI-driven recruitment platform that helps companies build the best teams and removes unconscious bias.
New research from School of Marketing reveals the impact that Covid-19 has had on key business sectors in the UK.
Published on: 19th May 2014
If you would like to enable commenting via your Startacus account, please enable Disqus functionality in your Account Settings.
- How the pandemic affected each industry 27th Jun 2022 New research from School of Marketing reveals the impact that Covid-19 has had on key business sectors in the UK.
- The Finalists of DBACE 2022 are revealed 21st Jun 2022 The lowdown on the innovative young visionaries that are in the running for this year's Deutsche Bank Awards for Creative Entrepreneurs.
- OKAPI: Orbits raises €5.5m for Breakthrough Space Traffic Management Software 13th Jun 2022 Innovative German SaaS startup OKAPI:Orbits secures investment to support its mission of securing efficient and safe operations in space.
- Kita, the world's first carbon insurer, raises £350k in pre-seed round 9th Jun 2022 Innovative startup, Kita secures investment to support build and launch of its essential carbon insurance products.
