presenting askmarkets at the techcrunch/opencoffee event in athens

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The keynote file of my presentation at the "TechCrunch goes OpenCoffee Greece" event, hope you'll like it. The videos are missing though, slideshare does not support such a feature. But you can find the embedded videos here: http://opencoffee.gr/2008/08/01/tc-oc-askmarkets-video/

TRANSCRIPT

Page 1: Presenting AskMarkets at the TechCrunch/OpenCoffee event in Athens

Hello

Page 2: Presenting AskMarkets at the TechCrunch/OpenCoffee event in Athens

I have a lot to tell you

Page 3: Presenting AskMarkets at the TechCrunch/OpenCoffee event in Athens

but I do need to hurry,so I’d stick to just one thing:

Page 4: Presenting AskMarkets at the TechCrunch/OpenCoffee event in Athens

markets

...”markets”You probably know a lot of them...

Page 5: Presenting AskMarkets at the TechCrunch/OpenCoffee event in Athens

there are stock markets,

Page 6: Presenting AskMarkets at the TechCrunch/OpenCoffee event in Athens

betting markets,

Page 7: Presenting AskMarkets at the TechCrunch/OpenCoffee event in Athens

street markets.And they all seem to be so different,

Page 8: Presenting AskMarkets at the TechCrunch/OpenCoffee event in Athens

they look like apples and oranges somehow, right?Well, I'd say not. All markets, whether they concern

Page 9: Presenting AskMarkets at the TechCrunch/OpenCoffee event in Athens

stocks or...

Page 10: Presenting AskMarkets at the TechCrunch/OpenCoffee event in Athens

fish,they are essentially the same, at least to the extent that they...

Page 11: Presenting AskMarkets at the TechCrunch/OpenCoffee event in Athens

bring people together

Page 12: Presenting AskMarkets at the TechCrunch/OpenCoffee event in Athens

bring people together

Page 13: Presenting AskMarkets at the TechCrunch/OpenCoffee event in Athens

bring people together

trigger conversations

Page 14: Presenting AskMarkets at the TechCrunch/OpenCoffee event in Athens

trigger conversations

Page 15: Presenting AskMarkets at the TechCrunch/OpenCoffee event in Athens

bring people together

trigger conversations

sum up information

Page 16: Presenting AskMarkets at the TechCrunch/OpenCoffee event in Athens

sum up information

Page 17: Presenting AskMarkets at the TechCrunch/OpenCoffee event in Athens

bring people together

trigger conversations

sum up information

transmits it through prices

Page 18: Presenting AskMarkets at the TechCrunch/OpenCoffee event in Athens

transmits it through prices(so, just by looking at the prices, you can get a true feel of the situation..)

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markets

After all, we do believe that these 4 features and the mechanism of...

Page 20: Presenting AskMarkets at the TechCrunch/OpenCoffee event in Athens

useful

are useful

Page 21: Presenting AskMarkets at the TechCrunch/OpenCoffee event in Athens

not just to

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sell / bet / allocatemoney

Page 23: Presenting AskMarkets at the TechCrunch/OpenCoffee event in Athens

but also to

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exchangeinformation

.

Page 25: Presenting AskMarkets at the TechCrunch/OpenCoffee event in Athens

built askmarkets

And we built askmarkets with the vision to

Page 26: Presenting AskMarkets at the TechCrunch/OpenCoffee event in Athens

bring this functionality to the masses

Page 27: Presenting AskMarkets at the TechCrunch/OpenCoffee event in Athens

marketplace

So, you may call it a marketplace for information or predictions or events or whatever,but, no matter how you call it, it actually works like this:

Page 28: Presenting AskMarkets at the TechCrunch/OpenCoffee event in Athens

you sign up and get some play money to spend...

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¥€$

YES, that’s our play-currency

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There are already some markets, you may navigate to ‘trade’...

Page 31: Presenting AskMarkets at the TechCrunch/OpenCoffee event in Athens

or search for the ones which interest you, let's just pick on for now this one...

Page 32: Presenting AskMarkets at the TechCrunch/OpenCoffee event in Athens

it’s a market about britneyand the two possible outcomes of this question are represented by the stocks traded on this market.

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¥€$ = %

Each stock gets a price from 0 to 1 and its current priceequals the probability of the outcome coming true

Page 34: Presenting AskMarkets at the TechCrunch/OpenCoffee event in Athens

disagree? go trade and make money!

the lower the price, the more you gain

Page 35: Presenting AskMarkets at the TechCrunch/OpenCoffee event in Athens

let’s take a look at the actual trading process, you can see the evolution of prices in the graph and if you disagree with the current prices, you may change them, just enter an amount of money to invest, press buy and here you go, you just changed the market prices

Page 36: Presenting AskMarkets at the TechCrunch/OpenCoffee event in Athens

your opinion has impact

So, ...

Page 37: Presenting AskMarkets at the TechCrunch/OpenCoffee event in Athens

market aggregates information

while market aggregates information,

Page 38: Presenting AskMarkets at the TechCrunch/OpenCoffee event in Athens

finally, market closes and money is redistributed

among the owners of the winning stock

Page 39: Presenting AskMarkets at the TechCrunch/OpenCoffee event in Athens

and you watch yourself climbing up or falling in the traders’ ranking (thereby building your reputation)

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create your own market

You can also

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it’s equally simple, a 2-step process, you just enter the market’s title

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and the potential outcomes on the market question as stocks

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So, this is askmarkets.

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several years of PhD research on the field

we have invested ...

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the most intuitivemarket algorithm

we have developed ..

Page 46: Presenting AskMarkets at the TechCrunch/OpenCoffee event in Athens

the simplest market UIever created

and ...

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we r here 2 stay.

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yet in private beta

we are yet..

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but you may get in

...by just entering your

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email: {...}password: opencoffee

...starting from now on

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askmarkets.com

So, this is askmarkets.com,It's easy and it's free, we've been working really hard on it, we hope you'll like it :)But we are here tonight to announce one more thing:

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acme.askmarkets.com

and this is it.your very own marketplaces in separate subdomains for your enterprise or your community only

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and this is a paid service, giving you all these rights

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✓ separate marketplaces

✓ empty database to build on

✓ public / private

✓ customizable

acme.askmarkets.com

an empty database to build on, either public or private and fully customizable to your wants and needs

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acme.askmarkets.com

✓ bring people together

✓ trigger conversations

✓ sum up information

✓ transmits it through prices

...this is the vision, these are the tools, this is askmarkets, thank you very much!

Page 56: Presenting AskMarkets at the TechCrunch/OpenCoffee event in Athens

photos from under