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Dreaming whilst shaving of a network of knowledge merchants.
Back in 1992, I had an idea to create a company called Knowledge
Merchants International. This company was to be a network of
individuals buying and selling knowledge. I would own a 'gateway' that
would levy a small charge on the knowledge transaction - a toll-booth
on an information dual-carriageway (as opposed to the information
superhighway that was yet to be built - email, mobile, SMS and Skype).
As you may imagine, in the paper-based world of the early 90's it was
difficult (ok, impossible!) to get the idea going, let alone funded.
However, I had already printed the letterhead with the logo 'KMI'. In
addition, I had also discovered that to have 'International' in the
company name, you had to be international! “So”, I mused “what do I do
business-wise, and what do I do with the ($750 worth of) letterhead?” I
always wanted my company to have 'American Level Service Values' so the
'I' would be short for Inc. (an American limited company). I wanted to
keep the 'K' for Knowledge (not King!) and the 'M' would stand for
Merchandising rather than Merchants. Thus Knowledge & Merchandising
Inc. Ltd. was born, and that company's first product was called King of
Shaves Original Shaving oil - the shaving product, that became a global
brand and challenger to Gillette (www.shave.com).
2006: Web 2.0 and an individual discovers 'crowdsourcing'.
Fast forward 14 years. In June 2006, I was at my brother Doug's (Doug
is a successful hedge-fund founder). He had a friend over - a senior
executive at Dell Computer, and we were talking about business. I
happened to also be reading The Times and chanced upon an article
called 'crowdsourcing'.
Now, I suck up knowledge and words like no one else but I hadn't come across the term "crowdsourcing" before.
If you haven't either here is the etymology courtesy of two chaps at Wired.com (or google 'crowdsourcing'):
"Thus the term crowdsourcing (a term, for the record, coined jointly by
Mark and myself that day, in a fit of back-and-forth wordplay). Simply
defined, crowdsourcing represents the act of a company or institution
taking a function once performed by employees and outsourcing it to an
undefined (and generally large) network of people in the form of an
open call. This can take the form of peer-production (when the job is
performed collaboratively), but is also often undertaken by sole
individuals. The crucial prerequisite is the use of the open call
format and the large network of potential laborers (sic)."
I
quickly realised that this means of solving a problem - or getting a
job done - was only being used in a very limited way: for creating
internet software applications and, I later found out, by large
corporations like drug companies to solve major league problems. It
wasn't about getting any Job Done or any question Answered.
This
was exactly what Knowledge Merchants International was about! An 'Open
Call' to a group of 'Knowledge Merchants' (now I call them JoDo'ers) to
see if they (or someone they knew) could answer a question, any
question at all! Now all I needed to create was that toll-booth for
transactions and then to build the communities.
I've
always enjoyed making up new languages, logo's and business models, and
JoDo is no exception! I could have called it Knowmer.com - short for
Knowledge Merchants - indeed, maybe this is a good name for it. But, as
the design team at Kempt were keen for it to have a strong identitiy -
I came up with JoDo.biz, JoDo being nothing more sophisticated than an
abbreviation of 'Job Done' (it also happens to be a Japanese martial
art which I quite liked!). The team at Kempt then came up with our
logo, along with the phrase 'Light Work, Many Hands Make' which I
thought was entirely descriptive of the site and so trademarked it. It
has a certain Yoda-ness to it.
I hope you find Jodo useful, if you don't - it simply won't exist - if you do, spread the word!
Enthuse, Exceed, but above all - Enjoy!
Will King
Founder, Jodo.biz
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