Since our inception The 405 Club has heavily promoted entrepreneurial thinking.  In an earlier post we’ve humorously documented how “Unemployment Breeds Entrepreneurship” by posting a picture of a man selling snowballs for a dollar, but in reality it is true.  Many successful businesses have started during times of unemployment, ie. FedEx.

A recent New York Times article highlighted a new kind of social network for entrepreneurs, helping to promote sharing and development of small-business ideas, called Idea Blob.  The posted idea that gets the most public votes wins $10,000.

Ideablob is owned by the Advanta Corporation, which spun off the unit in 2007 as a project of Mr. Kassar’s innovation department. Yes, that Advanta: the big issuer of credit cards to small businesses, based outside Philadelphia in Spring House, Pa., that recently entered lockdown mode.

As self-proclaimed entrepreneurs at The 405 Club, we decided to go for a test run on Ideablob where we’ve submitted an idea entry for “The Twanket”, a blanket sized towel.  It seems like a pretty simple idea, but so is the Snuggie and they’re swimming in cash now. I mean really, the Snuggie is a backwards robe!

May this post serve 2 purposes.

1. A reminder to think like an entrepreneur.  Maybe it’s time to start your own business? You can then share and have your ideas critiqued by your peers on Ideablob.
2. Please appease my shameful plug by taking a moment to vote for The Twanket by clicking [here]. Perhaps a little Digg/Reddit/Retweet below? You are the best.

-The 405 Club