How crowds are enabling a golden age of innovation via crowdfunding, accelerators and crowdstorming.
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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
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