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

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

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Crowds and the golden age of innovation Presentation Transcript

  • 1. How Crowds Are Enabling a Golden Age of Innovation Shaun Abrahamson @shaunabe
  • 2. @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
  • 3. First, lets go back to 1999
  • 4. Corp Dev Why was the 50k great? Founders Investors Customers
  • 5. 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
  • 6. What’s new in 2013?
  • 7. also new, better organized crowds Crowdfunding Accelerators Crowdstorming
  • 8. Source: Crowdsourcing.org
  • 9. Angel.co More Connections, Better Signals
  • 10. Kickstarter Customers + Investors + Partners
  • 11. Corporates Venturing Funding + Expertise + Customer Acquisition
  • 12. Source: f6s.com
  • 13. YCombinator Customers + Investors + Partners
  • 14. Corporate Accelerator
  • 15. 2009 Spend Explosion in Open Innovation Spending 2015 Spend (Projected) Source: OIA Survey 2013
  • 16. GE Ecomagination Identify Specific Types of Opportunities
  • 17. Amazon Studios Make Use of Open City Data
  • 18. Corp Dev Better organization and alignment FoundersInvestors Customers
  • 19. What’s 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)
  • 20. What’s Next?
  • 21. Fund + Accelerator + Crowdstorm ++
  • 22. Crowdstorm + Accelerator ++
  • 23. Crowdstorm + Accelerator ++
  • 24. Corp Dev Ever better crowd alignment FoundersInvestors Customers
  • 25. Aligning crowds is very, very powerful.
  • 26. It’s never been easier to make innovation happen.
  • 27. How Crowds Are Enabling a Golden Age of Innovation Shaun Abrahamson @shaunabe