Ep. 204 | Crowdsourcing Genius: How to Ditch Bad Ideas and Win Big
What if the best idea for your business isn’t coming from your C-suite, but from the intern who barely speaks in meetings?
In this episode of The Liquid Lunch Project, hosts Matthew R. Meehan and Luigi “The Professor” Rosabianca sit down with Nick Jain, CEO of IdeaScale, to talk about shaking up the way businesses innovate. Nick drops no-BS insights on how small businesses can harness the power of crowdsourcing ideas, why financial fluency is non-negotiable, and how poker skills can make you a better entrepreneur.
Oh, and he’s got a free tool for you small business owners that’ll change how you brainstorm—stick around for that.
Episode Highlights:
IdeaScale 101: Learn how this “social network for ideas” lets businesses crowdsource game-changing ideas from employees, customers, and beyond.
Real-World Win: A global restaurant chain used IdeaScale to crowdsource their next big menu item—and it wasn’t just a PR stunt.
Big Company vs. Small Company Life: Nick spills the tea on why running a smaller company is like driving a speedboat—faster, riskier, and way more fun.
Idea Meritocracy: Why the best ideas should win, not the loudest voice or the highest-paid suit.
Financial Fluency: Nick explains why every entrepreneur needs to master financial statements—or risk driving blind.
Poker and Business: How calculated risks at the poker table mirror smart business moves.
Free Tool Alert: IdeaScale is free for businesses under 100 people—zero strings attached.
Who is Nick?
Nick Jain is the CEO of IdeaScale, a social network for ideas that helps businesses crowdsource innovation. A Harvard Business School grad and former Bain Capital hotshot, Nick’s now running a midsize software company while juggling fatherhood, a computer science degree, and fixing electrical outlets at his rental properties.
Take Action:
Want to stop chasing your tail and start innovating like a badass? Tune in to hear Nick Jain drop knowledge bombs that’ll make you rethink how you run your business. Plus, snag a free tool that’ll have your team’s best ideas bubbling up faster than a cold beer on a hot day. Listen now—you’ll thank us later.
Favorite Quote:
“If you can’t read financial statements, you have no idea how your business is doing. It’s like driving with covers on your windshield. You’d never do it.”
Connect with Nick:
LinkedIn: https://www.linkedin.com/in/nickjain/
Website: https://ideascale.com
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