On Tuesday, January 10, 2012, the Financial Bin’s David Domzalski interviewed Dana Severson, CEO of Wahooly.

As their website explains, “Wahooly.com [is] a group of socially-connected individuals that together, help launch startups. As a member of Wahooly, you’ll be presented with up to 200 startups over the next 12 months. If you like what they do and if you think that they have the potential to be the next big thing, you become a user.

Your compensation: A piece of the action.

By signing up as a user to one of the startups that Wahooly presents to you, you become an instant shareholder in that startup. If you signup for all 200 startups that Wahooly presents over the next 12 months, you’ll be a shareholder in 200 startups.”

Questions Posed To Dana:

1. Can you give the listeners a brief background of your experience prior to starting Wahooly?

2. Why did you start Wahooly? Can you tell us a little information about the Wahooly concept and its formation?

3. Can you walk us through an example of a startup company being launched on Wahooly? How does the company get involved? How do users get involved? What’s in it for the users of these companies? How are they compensated or rewarded?

4. If you could offer the members of Generation Y one piece of advice, what would it be?

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Make sure to pick up your copy of Entrepreneur Intervention: Triumphs & Failures of Entrepreneurs today. Let these 28 individuals share their trials and tribulations with you as they embarked on starting and growing their own companies. It is available on Amazon in paperback and for your Kindle, Nook, iPad, or Sony Reader.