Details

Last Funding Type

Seed

Industries

Blockchain,Collaboration,Enterprise Software,Ethereum,SaaS,Social,Software

Founded date

Jan 1, 2014

Number Of Employee

1 - 10

Operating Status

Active

Colony is a social collaboration platform that makes it easy for people all over the world to build companies together online.

Many people would like to start or work in a startup, and even though it’s easier than ever, there are still significant barriers to doing so. The problem is that although talent is highly distributed, opportunity is highly centralised.

In Colony, users can contribute their skills to projects they find exciting, and earn equity in those projects in proportion to the value of their contribution.

The traditional company model where hierarchical management ensures productivity wouldn’t work online, so Colony provides a structure which enables the workforce to self organise. It incentivises users to suggest things which need doing, and aggregates the wisdom of the crowd to make decisions, assign tasks to the best candidates, and pay them.

Colony’s mission is to make it faster and easier than ever for people to build companies.