From Social Contaks:

SocialContaks.com is a free-trade, Web-based Social Network that allows registered Users the opportunity to form entrepreneurial ventures online via bartering the services of unrestricted professionals – services that would otherwise cost the User tens of thousands of dollars in startup expenses.

Membership on this site is in the form of a Community made up of two kinds of registered users: Submitting Users (Entrepreneurs who wish to submit an Internet / Tech Startup idea or concept in search of development); and Joining Users (Qualified personnel who seek to render their professional expertise and services to aid these up-and-coming entrepreneurs in exchange for an executive title, and equity stake in the concept once developed).

Equity percentages for Joining Users start out at around 49 percent, and is allocated equally among the number of qualified personnel the Submitting User deems necessary to complete the concept (hence “Project”). Submitting Users retain the remaining 51 percent, thus preserving inclusive control over the startup.

Joining Users consist of a team of qualified Community Member professionals made up of: (Designers, COOs; Programmers, CTOs; Writers, CDOs; Marketers, CMOs; Administrators, CAOs; Consultants, CIOs or CNOs; Financiers, CFOs; and Legal Counselors, CLOs). Submitting Users are regarded as the Team Leader of their Projects, therefore giving them the exclusive title of Chief Visionary Officer or Chief Executive Officer, whichever he/she asserts.

All Community Members who agree to “team-up” on a Project are considered to be Co-founders.

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Tyler Seamons

barter, Startup