Recent technological development which allows collaboration among large groups of individuals helps advance entrepreneurial activity (Murugesan, 2007; O’reilly, 2007). One new form of collaboration that helps advance entrepreneurship concerns platforms to advance product development, product launch and to share revenue. Conceptualizations of entrepreneurship typically focus on the ability of individuals to recognize opportunities and then to act on these opportunities by starting a new venture (Shane & Venkataraman, 2010). New Internet platforms challenges such conceptualizations by allowing individuals who have discovered entrepreneurial opportunities to let the online community exploit them and to do so without starting businesses. Informed by Human Capital Theory, we explore how prior experience and education influence the quality of ideas generated and the probability of bringing ideas into fruition. We focus on the formation, development and realization of an entrepreneurial idea regardless of organizational form used.