Business Model Generation: Value network

Bounties

Offer rewards to an unknown crowd for reaching specified outcomes

Illustration of Bounties
Run a Bounties play

How: Offer a lump sum of money to the first person who solves a specified task or problem or makes an important discovery (for instance a software bug).

Why: Engage a crowd of skilled professionals regardless of affiliation to solve specific problems or for making important discoveries that will help your business move forward.

Bounties examples

HackerOne

An army of hackers-for-good help test and secure software through security bounty programs provided by businesses.

Bountysource

Bountysource facilitates funding for Open Source software, setting up bounty program for implemented features or bug fixes.

Trigger Questions

  • How can you leverage the crowd to take part in solving your most critical challenges?
  • Do you need quality control to ensure that bounties are ethical?
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