US 7,610,235 B2 · Incentive based vertical market

Abstract

A vertical market is provided in which members of the market are incentivized to exchange goods and services within the market. The members of the market may enter into an agreement. The participants of the agreement are incentivized to generate revenue within the market. These incentives may include the option to convert warrants at the full conversion rate into ownership shares of the goods and services owned by the participants of the agreement. Warrants may be converted into shares when a pre-determined amount of gross revenue is achieved within a certain amount of time (success incentive), or based on the ratio of gross revenue generated within a certain amount of time over the target amount of gross revenue to be generated within the term of the agreement (growth incentive). Participants may also be entitled to fees for services provided.

Claims23

Dependent claims

A method for incentivizing a plurality of participants to exchange goods or services of a vertical market on a marketplace, comprising:

based on an agreement among the plurality of participants, issuing with a processor at least one warrant to a participant who trades on the marketplace, in which the warrant provides a right to the participant for converting the warrant into at least one ownership share of the marketplace, and in which the right is conditioned on the participant's performance on the marketplace;
determining via the processor the participant's performance on the marketplace;
determining via the processor, based on the participant's performance, a quantity of warrants that may be converted into the at least one ownership share of the marketplace;
and
transmitting to a remote device a notification of the quantity of warrants to the participant, in which the remote device and the processor are in communication over a network.

2 more elements

An apparatus comprising:

a processor;
and
a memory, in which the memory stores instructions which, when executed by the processor, direct the processor to perform the steps of:
issuing, based on an agreement among the plurality of participants, at least one warrant to a participant who trades on the marketplace, in which the warrant provides a right to the participant for converting the warrant into at least one ownership share of the marketplace, and in which the right is conditioned on the participant's performance on the marketplace;
determining the participant's performance on the marketplace;
determining, based on the participant's performance, a quantity of warrants that may be converted into the at least one ownership share of the marketplace;
and
transmitting a notification of the quantity of warrants to the participant.

5 more elements

Dependencies are inferred from the claim text.

Incentive based vertical market

Life of this patent

Incentive based vertical market

Life of this patent

Abstract

Claims23