On the TechTO stage ×1
Mircea Baldean of MeetVibe When and why to trust the widsom of the crowd
Watch on YouTube ↗First seen on the TechTO stage in 2016. Every talk is searchable — ask the archive about Mircea ↗
In their words
the actual number 137 the group average 129 so as a group you are off by only six percent individually the average error was forty-nine percent
when we have to make decisions and as businesses we have to make lots of decisions there is a pretty high chance that if we do not consult with each other we're going to make the wrong decision
this is what we've done when we had to determine the pricing entry point for our product we decided to ask the internet how much are you willing to pay for an app that makes scheduling easier
Quick answers
What was the jellybean experiment?
Rather than pitch the product, Baldean passed a jar of jellybeans around the June 2016 TechTO room and collected guesses through a Twitter bot. The true count was 137; the crowd's average was 129, an error of six percent, against forty-nine percent for the average individual. One person guessed 138, which he told them was luck.
What was MeetVibe?
A scheduling app he founded in 2015 that shared real availability across calendar platforms so a meeting could be booked without the back-and-forth, with a location-aware layer for meeting people nearby. It priced itself the same way he ran the jellybean test — by asking the internet — and landed near twenty dollars. The company has since closed and meetvibe.com no longer resolves.
What is Mircea Baldean doing now?
Not established. This page does not publish from LinkedIn or contact-data aggregators. He came to MeetVibe after more than fifteen years in Toronto's financial sector and holds an MBA from Cardiff University.