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	<title>Midas Oracle .ORG &#187; improved technology</title>
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		<title>Predictify got funded&#8230; Great for those who will be hired&#8230; But is it a good thing, overall?</title>
		<link>http://www.midasoracle.org/2008/03/27/predictify-2/</link>
		<comments>http://www.midasoracle.org/2008/03/27/predictify-2/#comments</comments>
		<pubDate>Thu, 27 Mar 2008 15:59:02 +0000</pubDate>
		<dc:creator>Chris F. Masse</dc:creator>
				<category><![CDATA[Business Administration]]></category>
		<category><![CDATA[Consulting]]></category>
		<category><![CDATA[Entrepreneurship]]></category>
		<category><![CDATA[Forecasting (Science & Practice)]]></category>
		<category><![CDATA[continually improved technology]]></category>
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		<category><![CDATA[improved technology]]></category>
		<category><![CDATA[Predictify]]></category>
		<category><![CDATA[prediction market software vendors]]></category>
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		<description><![CDATA[Via Nigel Eccles and Mat Fogarty, the Predictify blog, Mashable, and VentureBeat. NewsFutures, Consensus Point and Inkling Markets were self-funded, are now profitable, and are continuing to address their customers&#8217; problems with a continually improved technology. These 3 prediction market &#8230; <a href="http://www.midasoracle.org/2008/03/27/predictify-2/">Continue reading <span class="meta-nav">&#8594;</span></a>]]></description>
			<content:encoded><![CDATA[<p>Via <a href="http://blog.hubdub.com/">Nigel Eccles</a> and <a href="http://www.xpree.com/">Mat Fogarty</a>, the <a href="http://blog.predictify.com/2008/03/liquid-engineer.html">Predictify blog</a>, <a href="http://mashable.com/2008/03/25/predictify-funding/">Mashable</a>, and <a href="http://venturebeat.com/2008/03/25/predictify-for-crowd-sourced-predictions-raises-43m/">VentureBeat</a>.</p>
<p><a href="http://www.newsfutures.com/">NewsFutures</a>, <a href="http://www.consensuspoint.com/">Consensus Point</a> and <a href="http://www.inklingmarkets.com/">Inkling Markets</a> were self-funded, are now profitable, and are continuing to address their customers&#8217; problems with a continually improved technology. These 3 prediction market software vendors are proving that you can create a sustainable business without the need to get &#8220;funded&#8221; by angel investors or VCs. With the money from those guys also comes the pressure to &#8220;monetize&#8221; every thing. It&#8217;s not always a good thing to have the suits running the show. <a href="http://www.newsfutures.com/">NewsFutures</a>, <a href="http://www.consensuspoint.com/">Consensus Point</a> and <a href="http://www.inklingmarkets.com/">Inkling Markets</a> are still in the hands of their founders, and they are still free to execute their vision &#8212;the way they want.</p>
<p>What&#8217;s your view, folks?</p>
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