Crowds and the golden age of innovation
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How Crowds Are Enabling a Golden Age of Innovation Shaun Abrahamson @shaunabe
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How crowds are enabling a golden age of innovation via crowdfunding, accelerators and crowdstorming.
Transcript of Crowds and the golden age of innovation
- How Crowds Are Enabling a Golden Age of Innovation Shaun Abrahamson @shaunabe
- @shaunabe startup life Investor: ZocDoc, Trialpay, Refinery29, Retrofit, Crowdtwist, Sense Networks, Tonx, Jovoto, Modria, Mealku, Stylyt, Everest, Minbox, Care at Hand, Workana, Social Amp, SOMA, Spuni... Builder: (good, bad + ugly) including: Oculus, govWorks(Startup.com), Starmedia, MediaSentry 2
- First, lets go back to 1999
- Corp Dev Why was the 50k great? Founders Investors Customers
- BUT For Founders -> Finding Customers, Finding Investors, Limited Media For Investors -> Complex evaluation of Opportunities (Team, Idea) For Corp Dev -> No real structures to work with startups
- Whats new in 2013?
- also new, better organized crowds Crowdfunding Accelerators Crowdstorming
- Source: Crowdsourcing.org
- Angel.co More Connections, Better Signals
- Kickstarter Customers + Investors + Partners
- Corporates Venturing Funding + Expertise + Customer Acquisition
- Source: f6s.com
- YCombinator Customers + Investors + Partners
- Corporate Accelerator
- 2009 Spend Explosion in Open Innovation Spending 2015 Spend (Projected) Source: OIA Survey 2013
- GE Ecomagination Identify Specific Types of Opportunities
- Amazon Studios Make Use of Open City Data
- Corp Dev Better organization and alignment FoundersInvestors Customers
- Whats still hard? For Founders -> Acquiring Customers (Feedback, Testing, Sales), Funding For Investors -> Offering More Than Money (Expertise, Customers) For Corp R&D -> Assuring That Ideas Succeed (Money, Expertise, Customers)
- Whats Next?
- Fund + Accelerator + Crowdstorm ++
- Crowdstorm + Accelerator ++
- Crowdstorm + Accelerator ++
- Corp Dev Ever better crowd alignment FoundersInvestors Customers
- Aligning crowds is very, very powerful.
- Its never been easier to make innovation happen.
- How Crowds Are Enabling a Golden Age of Innovation Shaun Abrahamson @shaunabe