Introducing the Cofound.it evaluator beta program

Jan Isakovic Blocked Unblock Follow Following Oct 29, 2017

The goal of Cofound.it is to build a distributed platform to replace the VC ecosystem. In our business plan, we defined the first platform feature to be implemented: crowdsourced evaluations. Today, we’re starting with a call for community evaluators that will help us test the existing evaluation process. We’ll select up to 50 beta Cofound.it evaluators that will be paid for their evaluations in CFI tokens.

Crowdsourcing the evaluation process

The evaluation process is a critical and resource intensive part of the Cofound.it crowdsale process, with dozens of teams applying every week. After initial filtering, the remaining projects are subject to basic evaluation using the criteria our projects team developed based on hundreds of hours spent on calls and thousands of emails. The best ones are then selected for in-depth evaluation, a process typically requiring several calls with the team and taking days to complete.

In the first phase, we will start crowdsourcing basic evaluation. Selected evaluators will start building their track record on the platform, which will form the basis for the selection of in-depth evaluators in upcoming months. In the testing period, our projects team will still fully support and verify the process to ensure the quality of both the process and the evaluations.

Rewarding the evaluators in CFI tokens

Initially, the evaluations will be judged by our projects team. Each good evaluation will be rewarded by $100 in CFI tokens, locked for three months. 10% of Cofound.it profits from Q3 (appx. $125,000) will be used to reward the evaluators during the next three months. The CFI tokens used to reward the evaluators will be purchased on the open market as needed.

Become an evaluator!

We will be selecting up to 50 evaluators as part of our Cofound.it evaluator beta program. All Priority Pass™ members are eligible to apply for the Cofound.it evaluator position. Note that final acceptance depends on undergoing a KYC process and signing an NDA with Cofound.it.

In order to apply, you will have to review up to three projects among the ones currently announced by Cofound.it. If you feel that the publicly published information by the projects does not allow you to accurately evaluate any of the criteria listed below, please feel free to join their Telegram group or other channels and ask the team directly!

We’ll publish the evaluation templates and questionnaires on the Cofound.it platform, available only to Priority Pass™ members, soon; but you can start researching the projects today!

Key Cofound.it project evaluation criteria