The JESS3 Start-Up Challenge
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The JESS3 Start-Up Challenge is a new type of reality game where groups are assembled virtually to start a business quickly using a $10,000 investment, with the goal of selling the business for more than the startup cost. Participants vote on leadership and compensation, and work together remotely to hire talent, resources, and sell the business for profit within a limited time frame.
The JESS3 Start-Up Challenge
- 1. The JESS3 Start-Up Challenge a new kind of reality game ©2010 JESS3, LLC. JESS3™ is a trademark of JESS3, LLC. All rights reserved.
- 2. The challenge is to create a business quickly, and sell it for more than the startup investment. ©2010 JESS3, LLC. JESS3™ is a trademark of JESS3, LLC. All rights reserved.
- 3. A group is assembled virtually. A home base is the focus, but anyone can participate from anywhere. ©2010 JESS3, LLC. JESS3™ is a trademark of JESS3, LLC. All rights reserved.
- 4. Shares cost $10,000. ©2010 JESS3, LLC. JESS3™ is a trademark of JESS3, LLC. All rights reserved.
- 5. Shares equate to votes. ©2010 JESS3, LLC. JESS3™ is a trademark of JESS3, LLC. All rights reserved.
- 6. The roles in the team are assigned and the money from the pooled 10k startup seeds are used to hire outside talent, and any resources the start-up would need. ©2010 JESS3, LLC. JESS3™ is a trademark of JESS3, LLC. All rights reserved.
- 7. Leadership is voted on. The Team can be made of people outside of the investors. Compensation must be agreed on by the group. ©2010 JESS3, LLC. JESS3™ is a trademark of JESS3, LLC. All rights reserved.
- 8. This is kind of like playing monopoly for real money. ©2010 JESS3, LLC. JESS3™ is a trademark of JESS3, LLC. All rights reserved.
- 9. This is kind of like playing Trump’s The Apprentice? ©2010 JESS3, LLC. JESS3™ is a trademark of JESS3, LLC. All rights reserved.
- 10. You are in control of your investment. ©2010 JESS3, LLC. JESS3™ is a trademark of JESS3, LLC. All rights reserved.
- 11. It’s not a competition. It’s about selling the business and making money ©2010 JESS3, LLC. JESS3™ is a trademark of JESS3, LLC. All rights reserved.
- 12. The group dynamics will empower success. It is important to start with a balanced group. ©2010 JESS3, LLC. JESS3™ is a trademark of JESS3, LLC. All rights reserved.