The Dutch start up Fracaz has a unique business proposition, whereby contributed trivia questions are rewarded with company shares. With a database of more than one million questions the Dutch-French entrepreneur team wants to launch their global app in the course of 2018. At a later stage the question database will be made available for education purposes.
‘Fracaz will be a trivia and knowledge quiz with a completely new and challenging format,’ said Fracaz-CEO Martin Dieleman. ‘Fracaz will be fun but also informative.’
Large potential
Before the app launch, the start up asks its target audience for support. Today Fracaz starts crowd funding action, opposed to other start-ups Fracaz is not looking for money, but knowledge. The founders want to build a database of a million questions and answers. ‘We want to tap the knowledge of different kind of people,’ Dieleman explained.
As of today the global community can upload an unlimited number of questions and answers. The entries will be checked and for every ten approved Q&A’s a share with a value of one euro in Fracaz Holding is awarded. ‘The database and the app that we will build in this manner will represent a great value,’ according to Dieleman. ‘By co-operating with the company, the contributors become the co-owners of a start up with large potential. Furthermore, a knowledge community will be formed, which will have many supplementary applications in the longer term.’
Sharities
Not only contributors but also sharities will profit from the company’s activities. When the threshold of one million questions is reached, relevant questions will be made available for education purposes. Pupils can then use the questions to rehearse course material for tests and exams. Also the contributors can elect to donate their shares to a foundation that supports non profit organisations like Wikipedia and Unicef. Dieleman: ‘Fracaz will be an app that will give its users a lot of enjoyment and at the same time propels the distribution of knowledge throughout society.’
The app distinguishes eight categories of questions, among which are entertainment, media, sport, science and culture. There is an alternative in buying questions on the open market but this is not something Fracaz wants to do. ‘It would compromise the originality and quality. We are building a trivia quiz of a high standard that is not a fad that passes in a week but will be a mainstay on your smartphone and fascinate you for many years.’
