It was in the air since 2006. But I just heard about it through a forwarded mail that was no different from the normal spamming mails that tell you about making money from internet. But I was curious to know what that word meant (coz it sounded funny?!) and followed the link. I had to do a lot of googling to see that it meant 'A GLobal COmpany'. And their logo looked pretty cool and the motto was also interesting. "Own the Internet".
There were lots of such scams like this including the offer to own a piece of land in moon. I was always against these ideas and used to delete such mails just by getting an hint from the subject line.
Just in case, if you want to know more about what I found out by spending (or wasting) more than an hour on this, read on...
AGLOCO is a new internet startup promising its users to pay money for the time they spend surfing the net. It works on building up on the pyramid model where one user refers another one and benefits from the referral. You also need to install a browser toolbar which will be available later.
I always believed that there is no such thing as free money from internet. But further reading on AGLOCO showed that there was a similar venture named AllAdvantage and it actually paid its users, though ultimately it fell victim to the dot-com bubble burst.
Considering that Ad-words model from Google is now a successful model (and one of my close friends confirmed that he started getting money from Google by having Google Ad-words advertisements on his site) and the same Stanford MBAs behind AllAdvantage are the leaders of this startup, there is a chance that this could take off well.
If you google for AGLOCO you will find lots of sites and blogs, some supporting it and some against it. But nobody is saying that it is not worth trying.
So for the first time in the history of my internet usage :) , I decided to try it out and signed up using an email id I rarely use and using a referral code I got. If you also want to try this out use my referral code link by clicking at http://www.agloco.com/r/BBCQ8478
I also would like to hear what you think of this.... :)
Some links for your reference:
AGLOCO site: http://www.agloco.com
Venture Beat comment > http://venturebeat.com/2006/11/20/agloco-luanches-wants-to-pay-you-to-surf-the-internet/
Wikipedia about AllAdvantage: http://en.wikipedia.org/wiki/AllAdvantage