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Facebook is a destructive force in our society. We'll invest $100,000 to help you build something better.

Finalists Announced: Mid-July

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About

We are looking to fund seven purpose-driven teams that want to build a billion-user social network to replace Facebook -- while protecting consumer privacy.

We want to invest in replacements that don’t manipulate people and that protect our democracy from bad actors looking to spread misinformation.

Join the mailing list to receive regular updates and sign-up for the discussion group on... Facebook!

 
 

Competition

This is not an idea or business plan competition. We are looking for teams that can actually build a replacement, and we will be judging teams primarily based on their ability to execute.

The competition will occur in three stages:

  1. Apply to the competition by June 15, 2018 with your mission statement, strategy, and team members.  

  2. We pick 20 teams in mid-July as finalists and communicate with them regularly for 90 days.

  3. At the end of 90 days, we will offer seven teams to join our Incubator, invest $100,000 in each and host them for our 12-week incubator, which will start on October 12th.

Ideas matter, but as Zuckerberg has shown us, execution matters more for this competition -- and in the marketplace.

Don’t be too proud to copy.
— Mark Zuckerberg
 

Timeline

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FAQ

1. Is this a competition to see who can simply copy Facebook’s current product or a competition to come up with a new, novel way to beat Facebook in the market?

Yes, to both! In order to beat Facebook, we believe the winning team will have to not only build a base functionality that is familiar to users looking to switch, but also provide new experiences that will make users passionate about the new product. It’s not going to be easy, but startups never are.  

2. What business model are you looking for?

We are looking for a sustainable business model. Subscriptions, reasonable advertising, cryptocurrency, etc. 

3. Who will Invest?

Angel investor Jason Calacanis will be making the investments and will syndicate these investments to JasonsSyndicate.com at the founder’s discretion.

4. What are the Investment terms?

Our incubator terms are at the industry standard of $100,000 for six percent.

5. Can existing projects apply?

Yes.

6. How will you pick the 20 finalists?

Ability to execute.

7. How will you pick the seven winners?

Ability to execute.