Via Springwise
Launched just before the holidays, Los Angeles-based nvohk aims to
create the first community-managed, environmentally conscious,
surf-inspired clothing company. It is currently recruiting a minimum of
20,000 members (capped at 40,000), each of whom will contribute USD 50
in exchange for the chance to co-develop the nvohk brand. Members will
make major business decisions including logo, web and product design
along with advertising; they'll also receive 35 percent of nvohk's net
profits in the form of points that can be redeemed to purchase
products, as well as 25 percent off all nvohk goods. nvohk, meanwhile,
will donate another 10 percent of its net profits to environmental
organizations selected by its members.
Brendan Lynch, nvohk's president, explains: "Consumers are concerned
with the environment and want to be associated with brands that are
too. With nvohk, members have the opportunity to make critical
decisions that not only affect the direction of the brand, but also
make a positive impact on the world around them."
nvohk has just started to recruit members, with only 400 or so
signed up by early January, so it's still too early to tell whether it
will meet its target number. Assuming it does, however, this will test
the power of the crowds on a new level. Joint corporate decision-making
by tens of thousands of people should make for an interesting ride; on
the other hand, with a common interest in surfing and a shared concern
for the environment, they just may have what it takes to make it fly.
One to watch!
I'm very curious to see how this will work out. It's a great business idea. 20,000 x 50 USD = 1 million USD...that is definitely enough money to start an eco-conscious clothing line.
www.projectnvohk.com