Spolu 10: The First Spolu

In the previous section, I introduced the most likely first entrants into the spolu network as “the second and subsequent” spolus.

What about the first spolu?

The first spolu will be the spolu network itself. It will take a significant investment to set up this spolu. Here are some of the tasks:

1) Set up the legal rules for spolus (the spolu articles).

2) Set up the accounting rules for spolus.

3) Set up the mechanism for spolu customers to record their spolu purchases.

4) Set up the mechanism for auditing spolus to ensure they abide by the spolu rules. If there are violations, there needs to be investigations and possible removal of businesses from the spolu network.

5) Set up the Spolu Exchange, where investors can sell and buy spolu shares. The Exchange could even be the second spolu, being fairly independent from the first spolu.

I will talk about all these features in later sections. But all this framework will need to be in place before the second spolu business can be accepted.

I’m estimating the first spolu will need $20,000,000 to launch. So many investors are required. Some of these investors will be altruistic; they will contribute funds to bring this new business model to the world…