Why I spend €50 on Outvesting

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A question was asked by omgtbh on twitter on why anyone would give €50 to Outvesting with no sense of return.

The questions specifcally were
"I don't understand #outvesting nonsense. Why would you give money to a business and expect nothing back? "

Brief background to what Outvesting is
Outvesting was largely inspired by the IQ Prize and the conversation around two blog posts, by Pat Phelan and Joe Drumgoole. While lots of figures were bandied about throughout the discussions the sum of €5,000 kept coming up as a baseline figure that a bootstrapping startup could do something useful with. It’s also the amount of funding received by Level 1 awardees at Social Entrepreneurs Ireland.
So why?  I tweeted twice on this

"We can either moan about the darkness or light some candles. This is lighting a small candle"
"with a smart person like @eirepreneur giving a lot more than €50 in terms of time it didn't seem too much"

Is that it? Well yes and no. There is an element of social responsibility, mixed with curiousity mixed with experimentation going on here as well.

I'm serious about the lighting a candle v's cursing the Darkness piece. My Dad was a founder of the Carrick-on-Suir Credit Union many decades ago. Their motto was (and is) "for people not for profit or for charity". It was about bootstrapping a community through small savings and loans. Did it fix all the problems? No. Did it make a significance difference to the community, absolutely.

I'm also curious. I saw some of the twitter chat that started it so when James started the whole thing my thought was. "That is a great idea. And the cost isn't too much. Yeah lets give it a go"

I'm also interested to see if this will work. Its an experiment and it could be amazing or it could be an abject failure.  Who knows. We'll learn from the experiment though. Ideally it'll lead to something else. What else might that be? I don't know. There is only one way to find out.

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