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A Brief Company History
The Infomediary
In February 1999, four of us sat around in the backyard of a house on the Stanford campus (we were either current or former Stanford students) and created a new concept – the online infomediary. We realized that individual users of the Internet, by their actions and the information they were providing (both willingly and not), were creating tremendous value. Yet none of this value was accruing back to the individual users.
We also realized that individuals held much more information about themselves which they might be willing to share if they would share in the profits from this information, and if other conditions - such as privacy and security - were satisfied. We knew that companies were willing to "pay" for increased information about users. But no system existed to bridge the gap between these two parties.
AllAdvantage.com
So, we launched AllAdvantage.com in the spring of 1999 in an attempt to bridge this gap. By downloading and using the AllAdvantage.com Viewbar, members were effectively "renting" some of their computer screen and their clickstream data for hourly cash payments.
This "get paid to the surf the web" concept proved wildly successful with consumers. Tens of millions of people are happy to share some non-personal information and share in the profits that are being made on the Web, even though this was being questioned in the business press. The concept also proved to be highly successful in generating revenues, as most people agree that AllAdvantage.com generated more revenue in its first 12 months of operations than any online consumer/advertising company in history.
Ultimately – and unfortunately rather quickly – AllAdvantage.com failed as a company because we relied too heavily on venture capital financing and our growth in members far outstripped our growth in revenues early on. Put simply, we signed up members in Internet time and sold ads (our primary form of revenue) in old-fashioned media time. The AllAdvantage.com model started paying members as soon as they downloaded and started using the Viewbar, but it took time to monetize these incremental hours.
As the online ad market and the Internet financing markets crashed in 2000-01, the revenues from the business could not keep up with the rapid growth in members (and their associated fixed hourly costs). We unfortunately had to close the business, even though new members were continuing to join the network.
While we had no choice but to shut down the business, AllAdvantage.com did deliver everything it promised to members: We mailed out over $100 million in checks to members, and advertisers delivered the most targeted, information-rich advertising opportunity on the Web.
The company maybe failed, but the ideas behind it never did…
Where are we today?
Online advertising, after stalling in 2001-02, is bigger than ever (Google, of course, has changed everything). Targeted search and contextual text ads – almost non-existent in 1999 – are now everywhere. Companies – Google and Yahoo, for example – are trying to convince users to download "toolbars" (sound familiar?) to gather more information from their members. All this information – and the companies that gather it – is worth more than ever. Yet the individual users still do not have an effective way to get their share back.
YouTube was acquired for $1.65 billion by Google in October 2006. The story of how three guys made hundreds of millions of dollars in one year is a great tale of entrepreneurial success. But what happened to the first users who posted their videos on the site and told their friends to do the same? We don't hear about them, because they did not get anything (other than free video hosting). Wasn't it really these users that helped turn YouTube into a multi-billion dollar company? Sure the site is great and the founders deserve all the credit they get, but it is the users who ultimately made it valuable. There are plenty of video sites, and if it wasn't YouTube, another site could have filled the space, become a household name and been acquired for an amazing price.
We are not trying to pick on YouTube (which we happen to love using). How about the early users of Skype? What about those who first downloaded the software, made calls to their friends in different countries and told their parents to use it as well? They did not see a penny of the $2.6 billion that eBay paid for the company in September 2005. And MySpace? How about the millions of members there? How did they do when News Corp. bought the company for almost $600 million? After all, it was the members that Rupert Murdoch was after when he purchased the site.
The point we are trying to make here is that there are plenty of social networking sites out there, but it is the members that make these sites and services valuable. Yet, they get no monetary value from it.
We could go on. But the story is always the same: users (and the information they bring with them) are valuable. Creating a system that enables users to share in all these profits is the next big thing. We call it an economic network. Others call it a global online community co-op. Or "Linux for consumers." It's a big idea. And it's happening now.
AGLOCO
We started AGLOCO at a coffee shop near the Stanford campus. We sat down with a group of Stanford graduate students to design the next generation of the Internet enterprise using the infomediary as one of the foundation blocks.
We decided we wanted to build the economic network that enables individuals on the Web to share in the profits that their data and their actions help create. AGLOCO is more than a Web site and it is more than a Viewbar company. It is a network that links people, their information and their friends together to form something bigger.
Like all networks that have come before (from the Internet itself to MySpace), this one gets stronger as it gets bigger. AGLOCO with 1,000 or 10,000 members is not much more than the sum of its parts. But AGLOCO with 1 million or 10 million members starts to become important. It's important because it changes the consumer-company relationship online and changes the way everyone thinks about their online experience.
Why It Works.
AGLOCO works because the network effects are self perpetuating. It gets stronger as it gets bigger. With more members and stronger cash flows, the profits that the members share in increase – and this draws in more users and hence stronger cash flows. The incentive to join early and tell many friends is big, as early members who help build the network stand to benefit the most (similar to nearly all start-ups, where the early employees tend to share disproportionately in the success of the company).
As AGLOCO grows, the economic incentive continues to grow as it is able to offer more and more value for its members. Unlike AllAdvantage.com which incurred incremental costs for each additional member-hour, AGLOCO generates positive free cash flow from each additional member-hour and has virtually no incremental cash expenses for additional use of the Viewbar. AGLOCO will have standard operating costs (site maintenance, bandwidth, insurance, telephones, office space, sales and administration etc.), but like Google these costs should be very low compared to the revenue Members generate.
The Members Own the Company.
That's right – 100% of the company is member-owned. Users make good ideas valuable. Good ideas are great, but without members, they are just that – ideas. Every decision is made by asking what is best for the members over the long-term. It's a new way of thinking, but it works because we are all in it together. So how do we make money?
We Own the Management Company.
The employees and investors own the management company. The management company collects 10% of the revenues of AGLOCO (like Tom Cruise pays his agent 10%). This should be enough incentive to continue to attract a great team of highly talented people that AGLOCO needs to maximize the value to its Member/shareholders.
Trust is Everything.
We lose your trust, and the network fails. We work on behalf of the members and everything we do must keep that in mind. Our members know what we are doing with their data and how we are using it for their benefit. Do you know how other Web sites are collecting your data or how they are using it? Chances are, you don't. Think about it.
No cost to a Member – Ever.
AGLOCO never costs anything for Members. Ask former AllAdvantage.com members what it cost them to join and most will try to remember how much they were receiving in monthly checks (that's right – receiving).
Privacy is paramount.
No spam, no pop-ups, no selling information, no emails from people you don't know, no emails to people you don't know, and no tricks. Period. Our track record is public – there are no hidden costs. The upside for members is potentially very large and the sky is the limit. The downside is essentially nil.
Be Patient.
People always want everything right away. We do too. But things take time, so stick with us. It takes time, money and people to build everything, and we'll get there. Members at AllAdvantage.com complained that we were moving too slow, and then after the company was gone they realized how good it had been and complained that it had gone away! It takes time to be able to send checks for over $100 million to members. And so it will take time to set up an economic network to share the wealth of the Internet with millions of online users. However, you have a role to play and can help us speed up the process, even making some money along the way. Here's how:
Get Involved.
Pitch in.Tell your friends and build your referral network. Design a Web site explaining the economic network (you can probably do it better than us). Email us your ideas. Design a cool Viewbar. Tell your company they should partner with us. Write about us on your blog. Ask yourself how you want to share in the value of the Internet. Think big. It's your company. Have fun.
In February 1999, four of us sat around in the backyard of a house on the Stanford campus (we were either current or former Stanford students) and created a new concept – the online infomediary. We realized that individual users of the Internet, by their actions and the information they were providing (both willingly and not), were creating tremendous value. Yet none of this value was accruing back to the individual users.
We also realized that individuals held much more information about themselves which they might be willing to share if they would share in the profits from this information, and if other conditions - such as privacy and security - were satisfied. We knew that companies were willing to "pay" for increased information about users. But no system existed to bridge the gap between these two parties.
AllAdvantage.com
So, we launched AllAdvantage.com in the spring of 1999 in an attempt to bridge this gap. By downloading and using the AllAdvantage.com Viewbar, members were effectively "renting" some of their computer screen and their clickstream data for hourly cash payments.
This "get paid to the surf the web" concept proved wildly successful with consumers. Tens of millions of people are happy to share some non-personal information and share in the profits that are being made on the Web, even though this was being questioned in the business press. The concept also proved to be highly successful in generating revenues, as most people agree that AllAdvantage.com generated more revenue in its first 12 months of operations than any online consumer/advertising company in history.
Ultimately – and unfortunately rather quickly – AllAdvantage.com failed as a company because we relied too heavily on venture capital financing and our growth in members far outstripped our growth in revenues early on. Put simply, we signed up members in Internet time and sold ads (our primary form of revenue) in old-fashioned media time. The AllAdvantage.com model started paying members as soon as they downloaded and started using the Viewbar, but it took time to monetize these incremental hours.
As the online ad market and the Internet financing markets crashed in 2000-01, the revenues from the business could not keep up with the rapid growth in members (and their associated fixed hourly costs). We unfortunately had to close the business, even though new members were continuing to join the network.
While we had no choice but to shut down the business, AllAdvantage.com did deliver everything it promised to members: We mailed out over $100 million in checks to members, and advertisers delivered the most targeted, information-rich advertising opportunity on the Web.
The company maybe failed, but the ideas behind it never did…
Where are we today?
Online advertising, after stalling in 2001-02, is bigger than ever (Google, of course, has changed everything). Targeted search and contextual text ads – almost non-existent in 1999 – are now everywhere. Companies – Google and Yahoo, for example – are trying to convince users to download "toolbars" (sound familiar?) to gather more information from their members. All this information – and the companies that gather it – is worth more than ever. Yet the individual users still do not have an effective way to get their share back.
YouTube was acquired for $1.65 billion by Google in October 2006. The story of how three guys made hundreds of millions of dollars in one year is a great tale of entrepreneurial success. But what happened to the first users who posted their videos on the site and told their friends to do the same? We don't hear about them, because they did not get anything (other than free video hosting). Wasn't it really these users that helped turn YouTube into a multi-billion dollar company? Sure the site is great and the founders deserve all the credit they get, but it is the users who ultimately made it valuable. There are plenty of video sites, and if it wasn't YouTube, another site could have filled the space, become a household name and been acquired for an amazing price.
We are not trying to pick on YouTube (which we happen to love using). How about the early users of Skype? What about those who first downloaded the software, made calls to their friends in different countries and told their parents to use it as well? They did not see a penny of the $2.6 billion that eBay paid for the company in September 2005. And MySpace? How about the millions of members there? How did they do when News Corp. bought the company for almost $600 million? After all, it was the members that Rupert Murdoch was after when he purchased the site.
The point we are trying to make here is that there are plenty of social networking sites out there, but it is the members that make these sites and services valuable. Yet, they get no monetary value from it.
We could go on. But the story is always the same: users (and the information they bring with them) are valuable. Creating a system that enables users to share in all these profits is the next big thing. We call it an economic network. Others call it a global online community co-op. Or "Linux for consumers." It's a big idea. And it's happening now.
AGLOCO
We started AGLOCO at a coffee shop near the Stanford campus. We sat down with a group of Stanford graduate students to design the next generation of the Internet enterprise using the infomediary as one of the foundation blocks.
We decided we wanted to build the economic network that enables individuals on the Web to share in the profits that their data and their actions help create. AGLOCO is more than a Web site and it is more than a Viewbar company. It is a network that links people, their information and their friends together to form something bigger.
Like all networks that have come before (from the Internet itself to MySpace), this one gets stronger as it gets bigger. AGLOCO with 1,000 or 10,000 members is not much more than the sum of its parts. But AGLOCO with 1 million or 10 million members starts to become important. It's important because it changes the consumer-company relationship online and changes the way everyone thinks about their online experience.
Why It Works.
AGLOCO works because the network effects are self perpetuating. It gets stronger as it gets bigger. With more members and stronger cash flows, the profits that the members share in increase – and this draws in more users and hence stronger cash flows. The incentive to join early and tell many friends is big, as early members who help build the network stand to benefit the most (similar to nearly all start-ups, where the early employees tend to share disproportionately in the success of the company).
As AGLOCO grows, the economic incentive continues to grow as it is able to offer more and more value for its members. Unlike AllAdvantage.com which incurred incremental costs for each additional member-hour, AGLOCO generates positive free cash flow from each additional member-hour and has virtually no incremental cash expenses for additional use of the Viewbar. AGLOCO will have standard operating costs (site maintenance, bandwidth, insurance, telephones, office space, sales and administration etc.), but like Google these costs should be very low compared to the revenue Members generate.
The Members Own the Company.
That's right – 100% of the company is member-owned. Users make good ideas valuable. Good ideas are great, but without members, they are just that – ideas. Every decision is made by asking what is best for the members over the long-term. It's a new way of thinking, but it works because we are all in it together. So how do we make money?
We Own the Management Company.
The employees and investors own the management company. The management company collects 10% of the revenues of AGLOCO (like Tom Cruise pays his agent 10%). This should be enough incentive to continue to attract a great team of highly talented people that AGLOCO needs to maximize the value to its Member/shareholders.
Trust is Everything.
We lose your trust, and the network fails. We work on behalf of the members and everything we do must keep that in mind. Our members know what we are doing with their data and how we are using it for their benefit. Do you know how other Web sites are collecting your data or how they are using it? Chances are, you don't. Think about it.
No cost to a Member – Ever.
AGLOCO never costs anything for Members. Ask former AllAdvantage.com members what it cost them to join and most will try to remember how much they were receiving in monthly checks (that's right – receiving).
Privacy is paramount.
No spam, no pop-ups, no selling information, no emails from people you don't know, no emails to people you don't know, and no tricks. Period. Our track record is public – there are no hidden costs. The upside for members is potentially very large and the sky is the limit. The downside is essentially nil.
Be Patient.
People always want everything right away. We do too. But things take time, so stick with us. It takes time, money and people to build everything, and we'll get there. Members at AllAdvantage.com complained that we were moving too slow, and then after the company was gone they realized how good it had been and complained that it had gone away! It takes time to be able to send checks for over $100 million to members. And so it will take time to set up an economic network to share the wealth of the Internet with millions of online users. However, you have a role to play and can help us speed up the process, even making some money along the way. Here's how:
Get Involved.
Pitch in.Tell your friends and build your referral network. Design a Web site explaining the economic network (you can probably do it better than us). Email us your ideas. Design a cool Viewbar. Tell your company they should partner with us. Write about us on your blog. Ask yourself how you want to share in the value of the Internet. Think big. It's your company. Have fun.
Meet The Agloco Team
Akshay Mavani
A.K. coordinates strategy and represents AGLOCO's Indian Members. He brings experience as an electronic engineer, and worked in sales and strategy in China and Hong Kong before attending Stanford's Graduate School of Business.
Alex Tsai
Alex is AGLOCO's resident product management guru. An economist and business major by training, he brings over eight years of experience in database marketing, ad-serving and rich media, distributed computing, client software as well as consulting.
Allison Cui
Allison is AGLOCO's China specialist and represents our Chinese Members. She worked as a software engineer in Shanghai, China before attending the Stanford Graduate School of Business.
Anne Sophie Mayos
Anne-Sophie handles AGLOCO's website and her sense of style makes sure it is always up to date. Originally from Paris, she designed media information sites for millions of online users at France's leading television channel.
Brian Greenwald
Brian works in business development at AGLOCO. A scientist by education, he worked in marketing and development for several biotech companies before attending Stanford's Graduate School of Business.
Cannon Bonar
Cannon is AGLOCO's ambassador within the teenage community. Currently a student at Central Middle School, he will represent AGLOCO's teen Members (and he tried hard to think of a cool-looking name for AGLOCO's).
Dan Jorgensen
Dan is AGLOCO's Member recruiting coordinator. He worked in sports marketing and online advertising before helping AGLOCO create its network.
Javier Alvira
Javier is AGLOCO's in-house blogger expert. A native of Spain, he worked as an engineer in telecommunications around Europe before joining Stanford's Graduate School of Business.
Jim Jorgensen
Founder of AllAdvantage and Discovery Zone. Jim's experience of paying $100 million to members in 1999 and pioneering the “returning value to Internet users” idea, is an invaluable source in guiding AGLOCO's new Development Team members.
Moshe Pinto
Moshe is AGLOCO's resident lawyer, he negotiates and executes contracts. Prior to joining Stanford's Graduate School of Business, Moshe worked as a corporate lawyer and political strategist in Israel and the US.
Nick Punt
Nick advises AGLOCO's technological and community development. He worked as a video game designer and online communities' product manager prior to attending Stanford's Graduate School of Business.
Ray Everett-Church
Ray was the world's first corporate Chief Privacy Officer, pioneering the field of corporate privacy professionals. An attorney and technology expert, he is responsible for ensuring the privacy and security of AGLOCO's Member information and providing guidance on privacy and anti-spam issues.
Sam Flax
Sam is AGLOCO's Chief Architect for the design of our economic network. Sam's 30 years in Russia and then 20 years in the US give to AGLOCO a unique perspective on managing and implementing our database.
Steve de Bonvoisin
Steve coordinates AGLOCO's communication and strategy implementation. Originally from Belgium, he has lived and worked on four continents and brings experience in economic consulting and as a reporter for a leading economic newspaper. He is attending Stanford's Graduate School of Business.
Trey Reasonover
Trey is our in-house community dynamics specialist. He became a Web 2.0 addict after working as a strategy consultant, and attends Stanford's Graduate School of Business..On top of that, there are other contributors which are also contributing to the AGLOCO effort to make normal people like you and me to own the internet
A.K. coordinates strategy and represents AGLOCO's Indian Members. He brings experience as an electronic engineer, and worked in sales and strategy in China and Hong Kong before attending Stanford's Graduate School of Business.
Alex Tsai
Alex is AGLOCO's resident product management guru. An economist and business major by training, he brings over eight years of experience in database marketing, ad-serving and rich media, distributed computing, client software as well as consulting.
Allison Cui
Allison is AGLOCO's China specialist and represents our Chinese Members. She worked as a software engineer in Shanghai, China before attending the Stanford Graduate School of Business.
Anne Sophie Mayos
Anne-Sophie handles AGLOCO's website and her sense of style makes sure it is always up to date. Originally from Paris, she designed media information sites for millions of online users at France's leading television channel.
Brian Greenwald
Brian works in business development at AGLOCO. A scientist by education, he worked in marketing and development for several biotech companies before attending Stanford's Graduate School of Business.
Cannon Bonar
Cannon is AGLOCO's ambassador within the teenage community. Currently a student at Central Middle School, he will represent AGLOCO's teen Members (and he tried hard to think of a cool-looking name for AGLOCO's).
Dan Jorgensen
Dan is AGLOCO's Member recruiting coordinator. He worked in sports marketing and online advertising before helping AGLOCO create its network.
Javier Alvira
Javier is AGLOCO's in-house blogger expert. A native of Spain, he worked as an engineer in telecommunications around Europe before joining Stanford's Graduate School of Business.
Jim Jorgensen
Founder of AllAdvantage and Discovery Zone. Jim's experience of paying $100 million to members in 1999 and pioneering the “returning value to Internet users” idea, is an invaluable source in guiding AGLOCO's new Development Team members.
Moshe Pinto
Moshe is AGLOCO's resident lawyer, he negotiates and executes contracts. Prior to joining Stanford's Graduate School of Business, Moshe worked as a corporate lawyer and political strategist in Israel and the US.
Nick Punt
Nick advises AGLOCO's technological and community development. He worked as a video game designer and online communities' product manager prior to attending Stanford's Graduate School of Business.
Ray Everett-Church
Ray was the world's first corporate Chief Privacy Officer, pioneering the field of corporate privacy professionals. An attorney and technology expert, he is responsible for ensuring the privacy and security of AGLOCO's Member information and providing guidance on privacy and anti-spam issues.
Sam Flax
Sam is AGLOCO's Chief Architect for the design of our economic network. Sam's 30 years in Russia and then 20 years in the US give to AGLOCO a unique perspective on managing and implementing our database.
Steve de Bonvoisin
Steve coordinates AGLOCO's communication and strategy implementation. Originally from Belgium, he has lived and worked on four continents and brings experience in economic consulting and as a reporter for a leading economic newspaper. He is attending Stanford's Graduate School of Business.
Trey Reasonover
Trey is our in-house community dynamics specialist. He became a Web 2.0 addict after working as a strategy consultant, and attends Stanford's Graduate School of Business..On top of that, there are other contributors which are also contributing to the AGLOCO effort to make normal people like you and me to own the internet
A Chat With Akshay Mavani
AGLOCO Is 100% Member-Owned
This is stated on the AGLOCO website but what you may not realize is how true it is. When AGLOCO says the company is 100% member-owned, it means management owns zero. Management’s sole source of income from AGLOCO will come from taking 10% of Viewbar revenue. If the Viewbar makes no money, a bunch of Stanford graduates is going to be living on the street. This is management’s way of showing faith in the AGLOCO concept. If the only way you can make money is by the Viewbar, then you’re going to do whatever it take to make sure the Viewbar makes money.
Management is definitely taking a lot more risk than members. For us, this is a zero money and time commitment venture. For AK and his group, this is their future on the line.
What Happens If Someone Signs Up Without A Referral?
If someone sign ups directly to AGLOCO without a referral, then the referral goes to charity. Likewise, referrals from management also go to charity. By giving direct and management referrals to charity, management can keep their promise that their only source of income will be from the Viewbar.
I like to recommend that direct sign ups without a referral should go to me!
The above article is taken from http://www.johnchow.com/ 'A chat with Akshay Mavani' , December 12, 2006
This is stated on the AGLOCO website but what you may not realize is how true it is. When AGLOCO says the company is 100% member-owned, it means management owns zero. Management’s sole source of income from AGLOCO will come from taking 10% of Viewbar revenue. If the Viewbar makes no money, a bunch of Stanford graduates is going to be living on the street. This is management’s way of showing faith in the AGLOCO concept. If the only way you can make money is by the Viewbar, then you’re going to do whatever it take to make sure the Viewbar makes money.
Management is definitely taking a lot more risk than members. For us, this is a zero money and time commitment venture. For AK and his group, this is their future on the line.
What Happens If Someone Signs Up Without A Referral?
If someone sign ups directly to AGLOCO without a referral, then the referral goes to charity. Likewise, referrals from management also go to charity. By giving direct and management referrals to charity, management can keep their promise that their only source of income will be from the Viewbar.
I like to recommend that direct sign ups without a referral should go to me!
The above article is taken from http://www.johnchow.com/ 'A chat with Akshay Mavani' , December 12, 2006
AGLOCO Crossed Half a Million Hits on Google
AGLOCO crossed half a million hits on google recently. In three weeks that is a lot of people talking about a new topic – AGLOCO.
We are excited by the attention and now with tens of thousands of new Members we hope to fulfill the promise of the company.
While over 95% of the pages about AGLOCO are supportive there are a number of claims about us that are not true.
• AGLOCO is not a get rich quick site (it will take a long time and hard work to make AGLOCO as valuable as it should be – there are over 50 people listed on the AGLOCO team page as people who have been working on AGLOCO, some for over a year). See http://www.agloco.com/web/guest/aboutus
• AGLOCO is not a new search engine nor is it a new ad network (the company will try hard to leverage existing companies whenever possible and not create new software or new communities for Members to use – Members should continue to use the Internet as they normally would.)
• AGLOCO is not creating spyware nor an intrusion on Members privacy (Member data is only looked at with informed permission of each individual Member; data is used by AGLOCO only to provide services to Members and is not disclosed; and Member data is destroyed if a Member ever chooses to leave AGLOCO). Privacy pages http://www.agloco.com/web/guest/privacy
But what we do stand for is a revolution in favor of the Internet user.
We put ten points about our Vision on the AGLOCO site on launch day. We think they all can be helpful in understanding what AGLOCO is trying to achieve. Here is one of them.
The AGLOCO Vision #1: Free is too Expensive
Much of Web 2.0 has been about Internet companies building a simple service and then getting users to do much of the work on it (including telling all their friends about it). Once the service is popular, the founders and venture capitalists make a deal to sell it for millions (and billions) of dollars. The users who helped build it (especially the early users who often put up with clunky software and weak websites) just watch.
When we looked at this system, we saw a bad price. Sometimes free is not enough.
We designed AGLOCO to reward all Members who join and with the referral system we designed it to give an extra reward to the Members who help build it.
In designing what AGLOCO would be, we felt starting just a specific service (like videos or music or blogging) would not go far enough. So we designed AGLOCO to be a platform for many kinds of services. On our website we cite easy examples of services to monetize for Members like search and advertising, many more exist.
Global companies start with a grand vision, but they start small. We first started working on AGLOCO out of our houses and apartments…We know our Members are keen to learn more about AGLOCO and we shall endeavor to communicate as soon as we strategically are able.
Posted by AGLOCO Official at 4:55 PM
The above article is taken from The AGLOCO Official blog.
Please visit AGLOCO Official at http://aglocoblog.blogspot.com
We are excited by the attention and now with tens of thousands of new Members we hope to fulfill the promise of the company.
While over 95% of the pages about AGLOCO are supportive there are a number of claims about us that are not true.
• AGLOCO is not a get rich quick site (it will take a long time and hard work to make AGLOCO as valuable as it should be – there are over 50 people listed on the AGLOCO team page as people who have been working on AGLOCO, some for over a year). See http://www.agloco.com/web/guest/aboutus
• AGLOCO is not a new search engine nor is it a new ad network (the company will try hard to leverage existing companies whenever possible and not create new software or new communities for Members to use – Members should continue to use the Internet as they normally would.)
• AGLOCO is not creating spyware nor an intrusion on Members privacy (Member data is only looked at with informed permission of each individual Member; data is used by AGLOCO only to provide services to Members and is not disclosed; and Member data is destroyed if a Member ever chooses to leave AGLOCO). Privacy pages http://www.agloco.com/web/guest/privacy
But what we do stand for is a revolution in favor of the Internet user.
We put ten points about our Vision on the AGLOCO site on launch day. We think they all can be helpful in understanding what AGLOCO is trying to achieve. Here is one of them.
The AGLOCO Vision #1: Free is too Expensive
Much of Web 2.0 has been about Internet companies building a simple service and then getting users to do much of the work on it (including telling all their friends about it). Once the service is popular, the founders and venture capitalists make a deal to sell it for millions (and billions) of dollars. The users who helped build it (especially the early users who often put up with clunky software and weak websites) just watch.
When we looked at this system, we saw a bad price. Sometimes free is not enough.
We designed AGLOCO to reward all Members who join and with the referral system we designed it to give an extra reward to the Members who help build it.
In designing what AGLOCO would be, we felt starting just a specific service (like videos or music or blogging) would not go far enough. So we designed AGLOCO to be a platform for many kinds of services. On our website we cite easy examples of services to monetize for Members like search and advertising, many more exist.
Global companies start with a grand vision, but they start small. We first started working on AGLOCO out of our houses and apartments…We know our Members are keen to learn more about AGLOCO and we shall endeavor to communicate as soon as we strategically are able.
Posted by AGLOCO Official at 4:55 PM
The above article is taken from The AGLOCO Official blog.
Please visit AGLOCO Official at http://aglocoblog.blogspot.com
F A Q
1. What is AGLOCO™ all about?
AGLOCO™is the first Internet based economic network, which enables you as a Member to ‘Get your share of the internet.’ Advertisers, search companies, online merchants and other businesses currently pay lots of companies to deliver people like you to them to get your attention and sell goods. With AGLOCO™they will be paying YOU.
AGLOCO™ is also a global community of Internet users whose active Members can be paid for all their online activity. By downloading our proprietary Viewbar™ technology, members benefit from engaging yet unobtrusive content tailored to their interests. AGLOCO™ also pays its members to refer their friends to the community (and for those friends to refer more friends through four levels of extended referrals.)
2. How do I earn cash and shares?
Sign up, use the web as usual and earn cash and shares - it really is that simple. Once you install the Viewbar™ software it automatically records the time you're actively online, and we pay you for it. But the first step is to sign up and become a member. It's fast and it's free. If you refer your friends and family we'll pay you even more cash and shares.
3. How do referrals work?
AGLOCO™ pays you an hourly rate when the friends and family you recruit (called “direct referrals”) use the web with the Viewbar™ running, as well as for people your referrals recruit (called “extended referrals”). Extended referrals continue for four levels past your original referral, and there is no limit to the number of referrals you can accumulate. Check out our Referral Page for more information.
4. Are there rules or restrictions?
There are some rules, and all are intended for the benefit of AGLOCO™ members:
Sign Up Only Once: Each person can only sign up once, creating an account for him or herself, and may not establish an account on behalf of anyone else. Accounts cannot be transferred between people, and each account must be for a physical person.
No spamming: AGLOCO™ strictly forbids spamming to get referrals. This means you can only tell people you know or who explicitly agree to receive your invitation to be referred. If you use spam to try to get referrals, your account will be terminated. For more information, see our Anti-Spam Policy
Number of Internet Hours: The maximum number of payable hours per month is currently 5. Over time, depending on several variables that number may change at AGLOCO™ ’s discretion. The reason we implemented this limit is to prevent hacking software from continuously clicking and thereby generating online search. Remember you can still increase your profits by referring more people to AGLOCO™.
Active Surfing: You have to actively surf to earn cash for your online usage. Just keeping a website up does not constitute active surfing. If you use a software piracy device that constantly clicks through websites, AGLOCO™ ’s anti-hacking instruments will detect and – after investigation – disconnect your account. In addition, you have to be an active online Member in order to get the benefit of your referrals' surfing. If you surf only 50% of the maximum payable hours a month, and your referrals each surf 100%, you will be credited with only 50% of the payable surfing time for each referral. See our Global Payments Table for details of payable hours by country.
Accuracy of Information: All information submitted during signup must be accurate; members who deal with AGLOCO™ in a fraudulent fashion will forfeit their memberships, their account balance, and their referrals. You will have to accept these terms before signing up and being able to download the Viewbare. See our Membership Agreement for more information.
5. Do I need to buy anything?
No, AGLOCO™ Membership is absolutely free. You will never have to buy or sell anything. Simply sign up, download your free copy of the Viewbar™ software, refer your friends and family, and get your share of the Internet!
6. Why is AGLOCO™ giving 100% of its stock to its Members?
We believe the internet should be a platform for users to benefit from, and if anyone generates money from users’ normal online activities, it should be the users themselves.
7. How will you (the Development Team) make money if all the AGLOCO™ shares are given to Members?
AGLOCO™ pays a 10% fee to its management company, much like Tom Cruise has an agent that he pays 10%. In order to make and keep AGLOCO™ a vibrant community it needs to attract the best management it can. Since no stock is given to managers or founders (only Members are issued stock). This fee serves as an incentive to attract the best talent to help run AGLOCO™.
8. What is AGLOCO™ ’s Privacy Policy?
AGLOCO™ is totally committed to your privacy. We do not sell, rent or give away your personally identifiable personal information to any marketer or advertiser. We have a detailed Privacy Policy which explains in plain language how we protect your privacy.
9. What will my shares be worth?
As a profit-seeking venture, the value of the shares will be directly related to the value of the company. Since AGLOCO™ ’s profitability is dependent upon its Members’ internet usage, the greater the number of AGLOCO™ Members the more the shares will be worth. We are currently in the process of listing the company on the London Stock Exchange (AIM). As with any public company, the market will decide what is the fair value of the share.
10. How do I change my personal information?
Go to your profile section to change your information. Don't forget to click on "Save" to upload your profile
AGLOCO™is the first Internet based economic network, which enables you as a Member to ‘Get your share of the internet.’ Advertisers, search companies, online merchants and other businesses currently pay lots of companies to deliver people like you to them to get your attention and sell goods. With AGLOCO™they will be paying YOU.
AGLOCO™ is also a global community of Internet users whose active Members can be paid for all their online activity. By downloading our proprietary Viewbar™ technology, members benefit from engaging yet unobtrusive content tailored to their interests. AGLOCO™ also pays its members to refer their friends to the community (and for those friends to refer more friends through four levels of extended referrals.)
2. How do I earn cash and shares?
Sign up, use the web as usual and earn cash and shares - it really is that simple. Once you install the Viewbar™ software it automatically records the time you're actively online, and we pay you for it. But the first step is to sign up and become a member. It's fast and it's free. If you refer your friends and family we'll pay you even more cash and shares.
3. How do referrals work?
AGLOCO™ pays you an hourly rate when the friends and family you recruit (called “direct referrals”) use the web with the Viewbar™ running, as well as for people your referrals recruit (called “extended referrals”). Extended referrals continue for four levels past your original referral, and there is no limit to the number of referrals you can accumulate. Check out our Referral Page for more information.
4. Are there rules or restrictions?
There are some rules, and all are intended for the benefit of AGLOCO™ members:
Sign Up Only Once: Each person can only sign up once, creating an account for him or herself, and may not establish an account on behalf of anyone else. Accounts cannot be transferred between people, and each account must be for a physical person.
No spamming: AGLOCO™ strictly forbids spamming to get referrals. This means you can only tell people you know or who explicitly agree to receive your invitation to be referred. If you use spam to try to get referrals, your account will be terminated. For more information, see our Anti-Spam Policy
Number of Internet Hours: The maximum number of payable hours per month is currently 5. Over time, depending on several variables that number may change at AGLOCO™ ’s discretion. The reason we implemented this limit is to prevent hacking software from continuously clicking and thereby generating online search. Remember you can still increase your profits by referring more people to AGLOCO™.
Active Surfing: You have to actively surf to earn cash for your online usage. Just keeping a website up does not constitute active surfing. If you use a software piracy device that constantly clicks through websites, AGLOCO™ ’s anti-hacking instruments will detect and – after investigation – disconnect your account. In addition, you have to be an active online Member in order to get the benefit of your referrals' surfing. If you surf only 50% of the maximum payable hours a month, and your referrals each surf 100%, you will be credited with only 50% of the payable surfing time for each referral. See our Global Payments Table for details of payable hours by country.
Accuracy of Information: All information submitted during signup must be accurate; members who deal with AGLOCO™ in a fraudulent fashion will forfeit their memberships, their account balance, and their referrals. You will have to accept these terms before signing up and being able to download the Viewbare. See our Membership Agreement for more information.
5. Do I need to buy anything?
No, AGLOCO™ Membership is absolutely free. You will never have to buy or sell anything. Simply sign up, download your free copy of the Viewbar™ software, refer your friends and family, and get your share of the Internet!
6. Why is AGLOCO™ giving 100% of its stock to its Members?
We believe the internet should be a platform for users to benefit from, and if anyone generates money from users’ normal online activities, it should be the users themselves.
7. How will you (the Development Team) make money if all the AGLOCO™ shares are given to Members?
AGLOCO™ pays a 10% fee to its management company, much like Tom Cruise has an agent that he pays 10%. In order to make and keep AGLOCO™ a vibrant community it needs to attract the best management it can. Since no stock is given to managers or founders (only Members are issued stock). This fee serves as an incentive to attract the best talent to help run AGLOCO™.
8. What is AGLOCO™ ’s Privacy Policy?
AGLOCO™ is totally committed to your privacy. We do not sell, rent or give away your personally identifiable personal information to any marketer or advertiser. We have a detailed Privacy Policy which explains in plain language how we protect your privacy.
9. What will my shares be worth?
As a profit-seeking venture, the value of the shares will be directly related to the value of the company. Since AGLOCO™ ’s profitability is dependent upon its Members’ internet usage, the greater the number of AGLOCO™ Members the more the shares will be worth. We are currently in the process of listing the company on the London Stock Exchange (AIM). As with any public company, the market will decide what is the fair value of the share.
10. How do I change my personal information?
Go to your profile section to change your information. Don't forget to click on "Save" to upload your profile
HOW MUCH MONEY CAN I EARN??? IS IT A PYRAMID TYPE OF SYSTEM??
Here are some points that I want to cover in reply to some emails I had received so far.
How much will I earn? Is it in Dollar or what?
Suppose you are able to recruit 12 people (direct referals) and each of those people can recruite 5 people (extended referals) and all of them spend 5 hours on the net in a certain month. Therefore, according to the calculator, you will earn 11,720. At first, I thought it is $11,720. Wow..this is great. However, after some clarification, it is NOT in fact in DOLLAR. It is 11,720 shares and that's not tied up yet to any value. 1 share could worth 1 cent, or 30 cents, or 90 cents.
Online Advertising is a staggering USD$15.9 Billion and Agloco will earn part of it from the advertisers. Therefore, it is very promising.
Is it a Pyramid system?
NO. It is not a pyramid system. In a Pyramid system, you are required to pay a certain amount of money. Becoming an Agloco member is completly FREE. The money and shares that the members will earn comes from the top (Agloco) down to the bottom (members). In Pyramid system, the Boss at the top will earn the most! But not Agloco.
Is there a catch?
No, there is no catch. You will not be required to pay anything later.Have you ever joined Online Dating? Free to sign up but you MUST pay to upgrade your membership so that you can actively contact other members or use their facilities. Agloco is NOT the same as Online Dating method of attracting people.
What to do after I sign up?
Signing up is easy and it only takes a few minutes. The hard part is recruiting people as your direct and extended referals. The more people you recruite, the more you will earn.So, if you are convinced, you can sign up by clicking the link below, and start getting busy :)
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