Kickstarter capitalism

Screen shot 2013-01-10 at 11.16.57 PM

Extract of screenshot from Kickstarter project “CST-01: The World’s Thinnest Watch” by Central Standard Timing [screenshot taken on January 10, 2013]

Crowdfunding‘ (or crowdsourced funding) isn’t new, but it took a leap forward in 2012 as people became more familiar with websites like Kickstarter (possibly the most well known crowdfunding site), Indiegogo, Pozible, Rockethub, Sponsume, and others.

The pure concept of crowdfunding is very interesting. In some ways it goes right to the the very core of capitalism, using the internet to apply specific marketing concepts. In other ways it raises ethical questions about financing of projects. On the face of it, it’s a huge opportunity for entrepreneurs, artists, individuals, and dreamers.

I’ve recently ‘invested’ in a number of crowdfunding projects, and have for a while wanted to note down some of my thoughts about the emotions that it evokes.

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Links to “Everything is a remix”, by Kirby Ferguson

For a while I’ve been following Kirby Ferguson’s excellent short, 4-part series Everything is a remix. The first part (above) is over two years old now; the last part was completed earlier this year (Kirby’s now moved onto other topics, including “This is not a conspiracy theory“). “Everything is a remix” is beautifully curated/produced, and I wanted to share that further. See below for parts 2 to 4.

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Where do ideas come from?

Photo courtesy of ©iStockphoto.com/Tommydickson

I’ve been thinking about this quite a lot recently. In a way, it is the ‘holy grail’ of innovation, one that many innovation books are trying to answer, or help you with – if you can understand where ideas come from, and refine that, so you get better ideas more often, then one can win notoriety/fame and fortune.

As with many things however, it’s just not that easy. Coming up with ‘good ideas’ is an art. Sometimes we think they ‘pop’ into our heads, and we don’t quite know how one minute we had no idea, and the next we are empowered by a thought that we want to develop and share with others.

From reading around on this, and thinking about it, one clear message appears to come out – ideas are often (but not exclusively) not things that come quickly, from a single person in a single moment (as many people believe, in a sudden ‘Eureka’ moment, or having an apple fall on your head), but rather ‘grow’ over a period of time from a network (it’s only the ‘realization/awareness’ of the idea, the ‘connecting of the dots’, that appears sudden).

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Why everyone needs to consider becoming an early adopter (or at least in the “early majority”)

Source: http://upload.wikimedia.org/wikipedia/commons/0/0f/Diffusionofideas.PNG

As I mentioned also in a previous post (‘Thoughts on the accelerating evolution of business models’), the world seems to be changing fast (and accelerating in the pace of change). I believe this could require a change in how Everett M. Rogers’ “Diffusion of innovations” should be perceived (he was the creator of the concepts set out in the chart above).

In particular, due to the pace of change, I consider that it is today even more important to be on the left side of the curve, than on the right, and as such, instead of a ‘normal distribution‘, the distribution should be skewed to the left (an example, hypothetical chart for this follows below).

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Current interests

Photo courtesy of ©iStockphoto.com/DrAfter123

Beyond work related topics, there are a number of other topics that also interest me at the moment, including:

  1. Ideas, innovation and creativity, both individually and collectively, including crowdsourcing
  2. Disruptive technology and disruptive business strategies
  3. Social media developments, and how they impact communication and collaboration
  4. Globalisation and Capitalism 2.0 (or 3.0, etc. – whatever you want to call it …)
  5. ‘Popular sociology/psychology’ (eg, topics raised by Malcolm Gladwell and others)

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