Bootstrapping Logo Design

I know this may get me an Inbox full of e-mails from traditional graphic designers out there, but my colleague Robert Dillingham has passed along an article about a great way to bootstrap your logo design using a site called LogoTournament.  From Zack Stern at PC World:

The site inverts the idea of one designer spending a lot of time; here many designers spend a little time, each submitting their ideas. The winner nets my prepaid bounty, and I get full rights to the logo.

I was a little skeptical to turn to the Internet masses versus a single designer. Anyone can upload ideas. But only a few days into my contest so far, I already have a few submissions that could work, among a dozen other attempts. As we get closer to my week-long deadline, I expect more designers to add entries. Other contests paying as little as $250 are getting 100 or more entries, but if you don’t get at least 30, LogoTournament offers a refund.

What a great example of the power of the Internet to connect small businesses to work together more effectively.