GoDaddy Ventures Into Business Idea Sharing With Flare

GoDaddy Inc. (NYSE:GDDY) has just given future entrepreneurs an interactive platform for sharing their business ideas and also getting feedback on them.

Flare, the company’s latest app, is a remarkable example of how the concept of idea generation, sharing and feedback can be commercialized and used for generating revenues.

Last week, the company launched this community-based app that helps people share business ideas and exchange feedback. The app was immediately made available for iOS and extended to Android two days later.

Huge Response

The app has received an encouraging response within a short time period. The user interaction is turning out to be very engaging with innovative ideas and honest feedbacks.

Ideas like "Children's Fever Band", "Sports Rental Place" and "Date Ideas on Demand" took less than a day to receive hundreds of “loves”.

The app creates a big pool of business ideas and puts them under one umbrella. Users can pick up ideas they like and work on them. They can also post ideas to get their share of followers and advisors.

We believe that in the long run, Flare may evolve as a good platform for getting business partners, financers, sponsors and even clients. It could contribute significantly toward converting more business ideas into practice.

About Flare

Flare, a first-of-its-kind app, is a strong example of GoDaddy’s continuous focus on innovation and its commitment to empower entrepreneurs.

Upon opening the app, one can come across new business ideas from the community. A left swipe can enable them to skip the page. With a right swipe, they can snooze it while a tap would indicate if they “love” the idea.

The app also enables users to comment, question and make updates so as to make the interaction far more engaging and collaborative. It also has an easy-to-use interface and a social media sharing option.

At present, GoDaddy has a Zacks Rank #3 (Hold).

Some better-ranked stocks in the wider technology sector include PetMed Express, Inc. (NASDAQ:PETS) , Exa Corporation (NASDAQ:EXA) and Box, Inc. (NYSE:BOX) , each sporting a Zacks Rank #1 (Strong Buy).