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.

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Crowds and the golden age of innovation

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

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