We got more than one email this week asking us to join the rebirth of AllAdvantage, the bubble-era pyramid scheme. The new company is called AGLOCO, and it is pre-launch, but the idea is the same — get paid to surf the web. This time, the motto is “own the internet.” To all those saying today is different than the last bubble…well, not anymore.
Though advertising and analytics techniques have improved a bit since 1999, it seems that AGLOCO (created by a couple of the AllAdvantage founders) is going with the tried and true banner at the bottom of the browser, called the “Viewbar.” Members will join the cooperative for free and take a stake in the company as well as a share of its revenues. AGLOCO promises to pay out an hourly rate for using the web while running the Viewbar, plus extra for the people you recruit to the system and the people they recruit to the system (up to four levels down).
From the FAQ on the password-protected demo site:
What is AGLOCO™ all about?
AGLOCO™ is the first Internet based economic network, which enables you as a Member to Get your share of the Internet. Advertiser’s, search companies, online merchants and other businesses currently pay lots of companies to deliver people like you to them for attention and commerce. With AGLOCO™ they will be paying YOUR company. AGLOCO™ is also a global community of Internet users whose active Members can paid for all their online activity. By downloading our proprietary Viewbar™TM technology, members benefit from engaging content tailored to their interests. AGLOCO™ also pays its members to refer their friends to the community (and for those friends to refer more friends through four levels of extended referrals.)
Bubble, bubble, toil and trouble! But in this day and age of cheap entrepreneurship, AGLOCO won’t have to raise hundreds of millions, right? We are going to try to sign up so we can tell you more (hey, why not?).