Peter Diamandis explaining X PRIZE economics. (Photo: Hubert Burda)
Dr. Peter H. Diamandis is the Chairman and CEO of the X PRIZE Foundation, and co-Founder and Chairman of the Singularity University, a Silicon Valley based institution partnered with NASA, Google, Autodesk and Nokia. Dr. Diamandis attended MIT, where he received his degrees in molecular genetics and aerospace engineering, as well as Harvard Medical School where he received his M.D.
He’s no underachiever.
I’ve known Peter for several years, both as a friend and as advising faculty at Singularity University. He is known for being incredibly resourceful. And, true as this may be, it’s his ability to teach resourcefulness that impresses me most…
The following guest post offers an optimistic look at the tools and technologies he believes will change this world for the better, which you can harness. If you like this small sample and the resources at the end, I highly encourage you take a look at his new book on this subject, Abundance.
In it, Diamandis and co-author Kotler challenge us all to solve humanity’s grand challenges. The timing is right; innovative small teams are now able to accomplish what only governments and large corporations could once fathom.
I hope this excites you as much as it excites me. With a little planning and a little technology, you–yes, you–can create a domino effect that changes the world.
In 1861 William Russell, one of the biggest investors in the Pony Express, decided to use the previous year’s presidential election for promotional purposes.
His goal was to deliver Abraham Lincoln’s inaugural address from the eastern end of the telegraph line, located in Fort Kearny, Nebraska, to the western end of the telegraph line, in Fort Churchill, Nevada, as fast as possible. To pull this off, he spent a small fortune, hired hundreds of extra men, and positioned fresh relay horses every ten miles. As a result, California read Lincoln’s words a blistering seventeen days and seven hours after he spoke them.
By comparison, in 2008 the entire country learned that Barack Obama had become the forty-fourth president of the United States the instant he was declared the winner. When Obama gave his inaugural address, his words traveled from Washington, DC, to Sacramento, California, 14,939,040 seconds faster than Lincoln’s speech. But his words also hit Ulan Bator, Mongolia, and Karachi, Pakistan, less than a second later. In fact, barring some combination of precognition and global telepathy, this is just about the very fastest such information could possibly travel.
Such rapid progress becomes even more impressive when you consider that our species has been sending messages to one another for 150,000 years. While smoke signals were innovative, and air mail even more so, in the last century, we’ve gotten so good at this game that no matter the distances involved, and with little more than a smart phone and a Twitter account, anyone’s words can reach everyone’s screen in an instant. This can happen without additional expenses, extra employees, or a moment of pre- planning. It can happen whenever we please and why-ever we please. With an upgrade to a webcam and a laptop, it can happen live and in color. Heck, with the right equipment, it can even happen in 3-D.
This is yet another example of the self-amplifying, positive feedback loop that has been the hallmark of life for billions of years. From the mitochondria-enabled eukaryote to the mobile-phone-enabled Masai warrior, improved technology enables increasing specialization that leads to more opportunities for cooperation. It’s a self-amplifying mechanism. In the same way that Moore’s law is the result of faster computers being used to design the next generation of faster computers, the tools of cooperation always beget the next generation of tools of cooperation. Obama’s speech went instantly global because, during the twentieth century, this same positive feedback loop reached an apex of sorts, producing the two most powerful cooperative tools the world has ever seen.
The first of these tools was the transportation revolution that brought us from beasts of burden to planes, trains, and automobiles in less than two hundred years. In that time, we built highways and skyways and, to borrow Thomas Friedman’s phrase, “flattened the world.” When famine struck the Sudan, Americans didn’t hear about it years later. They got real-time reports and immediately decided to lend a hand. And because that hand could be lent via a C-130 Hercules transport plane rather than a guy on a horse, a whole lot of people went a lot less hungry in a hurry.
If you want to measure the change in cooperative capabilities illustrated here, you can start with the 18,800-fold increase in horsepower between a horse and a Hercules. Total carrying capacity over time is perhaps a better metric, and there the gains are larger. A horse can lug two hundred pounds more than thirty miles in a day, but a C-130 carries forty-two thousand pounds over eight thousand miles during those same twenty-four hours. This makes for a 56,000-fold improvement in our ability to cooperate with one another.
The second cooperative tool is the information and communication technology (ICT) revolution we’ve already documented. This has produced even larger gains during this same two-hundred-year period.
ICT’s impact doesn’t end with novel ways to spread information or share material resources. As Rob McEwen discovered when he went looking for gold in the hills of northwestern Ontario, the tools of cooperation can also create new possibilities for sharing mental resources—and this may be a far more significant boost for abundance.
Gold in Dem Hills
A dapper Canadian in his mid-fifties, Rob McEwen bought the disparate collection of gold mining companies known as Goldcorp in 1989. A decade later, he’d unified those companies and was ready for expansion—a process he wanted to start by building a new refinery. To determine exactly what size refinery to build, McEwen took the logical step of asking his geologists and engineers how much gold was hidden in his mine. No one knew. He was employing the very best people he could hire, yet none of them could answer his question.
About the same time, while attending an executive program at MIT’s Sloan School of Management, McEwen heard about Linux. This open- source computer operating system got its start in 1991, when Linus Torvalds, then a twenty-one-year-old student at the University of Helsinki, Finland, posted a short message on Usenet:
I’m doing a (free) operating system (just a hobby, won’t be big and professional like gnu) for 386(486) AT clones. This has been brewing since April, and is starting to get ready. I’d like any feedback on things people like/ dislike in minix…
So many people responded to his post that the first version of that operating system was completed in just three years. Linux 1.0 was made publicly available in March 1994, but this wasn’t the end of the project. Afterward, support kept pouring in. And pouring in. In 2006 a study funded by the European Union put the redevelopment cost of Linux version 2.6.8 at $1.14 billion. By 2008, the revenue of all servers, desktops, and software packages running on Linux was $35.7 billion.
McEwen was astounded by all this. Linux has over ten thousand lines of code. He couldn’t believe that hundreds of programmers could collaborate on a system so complex. He couldn’t believe that most would do it for free. He returned to Goldcorp’s offices with a wild idea: rather than ask his own engineers to estimate the amount of gold he had underground, he would take his company’s most prized asset—the geological data normally locked in the safe—and make it freely available to the public. He also decided to incentivize the effort, trying to see if he could get Torvald’s results in a com- pressed time period. In March 2000 McEwen announced the Goldcorp Challenge: “Show me where I can find the next six million ounces of gold, and I will pay you five hundred thousand dollars.”
Over the next few months, Goldcorp received over 1,400 requests for its 400 megabytes of geological data. Ultimately, 125 teams entered the competition. A year later, it was over. Three teams were declared winners. Two were from New Zealand, one was from Russia. None had ever visited McEwen’s mine. Yet so good had the tools of cooperation become and so ripe was our willingness to use them that by 2001, the gold pinpointed by these teams (at a cost of $500,000) was worth billions of dollars on the open market.
When McEwen couldn’t determine the amount of ore he had under- ground, he was suffering from “knowledge scarcity.” This is not an uncommon problem in our modern world. Yet the tools of cooperation have become so powerful that once properly incentivized, it’s possible to bring the brightest minds to bear on the hardest problems. This is critical, as Sun Microsystems cofounder Bill Joy famously pointed out: “No matter who you are, most of the smartest people work for someone else.”
Our new cooperative capabilities have given individuals the ability to understand and affect global issues as never before, changing both their sphere of caring and their sphere of influence by orders of magnitude. We can now work all day with our hands in California, yet spend our evenings lending our brains to Mongolia. NYU professor of communication Clay Shirky uses the term “cognitive surplus” to describe this process. He defines it as “the ability of the world’s population to volunteer and to contribute and collaborate on large, sometimes global, projects.”
“Wikipedia took one hundred million hours of volunteer time to create,” says Shirky. “How do we measure this relative to other uses of time? Well, TV watching, which is the largest use of time, takes two hundred billion hours every year—in the US alone. To put this in perspective, we spend a Wikipedia worth of time every weekend in the US watching advertisements alone. If we were to forgo our television addiction for just one year, the world would have over a trillion hours of cognitive surplus to commit to share projects.” Imagine what we could do for the world’s grand challenges with a trillion hours of focused attention.
An Affordable Android
Until now, we’ve kept our examination of the tools of cooperation rooted in the past, but what’s already been is no match for what’s soon to arrive. It can be argued that because of the nonzero nature of information, the healthiest global economy is built upon the exchange of information. But this becomes possible only when our best information-sharing devices— specifically devices that are portable, affordable, and hooked up to the Internet—become globally available.
That problem has now been solved.
In early 2011, the Chinese firm Huawei unveiled an affordable $80 Android smart phone through Kenya’s telecom titan Safaricom. In less than six months, sales skyrocketed past 350,000 handsets, an impressive figure for a country where 60 percent of the population lives on less than $2 a day. Even better than the price are the 300,000-plus apps these users can now access. And if that’s not dramatic enough, in the fall of 2011 the Indian government partnered with the Canada-based company Datawind and announced a seven-inch Android tablet with a base cost of $35.
But here’s the bigger kicker. Because information-spreading technology has traditionally been expensive, the ideas that have been quickest to spread have usually emerged from the wealthier, dominant powers—those nations with access to the latest and greatest technology. Yet because of the cost reductions associated with exponential price-performance curves, those rules are changing rapidly. Think about how this shift has impacted Hollywood. For most of the twentieth century, Tinseltown was the nexus of the entertainment world: the best films, the brightest stars, an entertainment hegemony unrivalled in history. But in less than twenty-five years, digital technology has rearranged these facts.
On average, Hollywood produces five hundred films per year and reaches a worldwide audience of 2.6 billion. If the average length of those films is two hours, then Hollywood produces one thousand hours of content per year. YouTube users, on the other hand, upload forty-eight hours’ worth of videos every minute. This means, every twenty-one minutes, YouTube provides more novel entertainment than Hollywood does in twelve months. And the YouTube audience? In 2009 it received 129 million views a day, so in twenty-one days, the site reached more people than Hollywood does in a year. Since content creators in the developing world now outnumber content creators in the developed world, it’s safe to say that the tools of cooperation have enabled the world’s real silent majority to finally find its voice.
And that voice is being heard like never before. “The global deployment of ICT has utterly democratized the tools of cooperation,” says Salim Ismail, SU’s founding executive director and now its global ambassador. “We saw this in sharp relief during the Arab Spring. The aggregated self- publishing capabilities of the everyman enabled radical transparency and transformed the political landscape. As more and more people learn how to use these tools, they’ll quickly start applying them to all sorts of grand challenges.”
Resources and Next Steps
This is where you come in.
All of these cooperative tools and exponential technologies are reshaping our globe. But you no longer have to sit on the sidelines and wait for the future to happen. You are now empowered to get involved. To change the world. If you’re sick of the doom and gloom and ready to get in the game, explore the resources below. If you feel inspired to delve deeper, the Abundance book offers many more options.
Today’s 10 best crowdsourcing and collaboration tools on the web:
So given these powerful tools of collaboration, how do you use them to solve your corporate challenges? Here’s a few of the cutting edge organizations that have been created to help you.
1. X PRIZE Foundation (www.xprize.org): The X PRIZE focuses on designing and running incentive competitions in the $1M – $30M arena focused on solving grand challenges.
2. CoFundos (cofundos.org): cheap and really good platform for the development of open-source software.
3. Genius Rocket (geniusrocket.com): solid crowdsourced creative design agency composed solely of vetted video production professionals producing content as a fraction of the cost of a traditional ad agency.
4. Amazon Mechanical Turk (mturk.com): popular and powerful crowdsourcing platform for simple tasks that computers cannot perform(yet), such as podcasts transcribing or text editing. There are also companies, like CrowdFlower, that leverage Mechanical Turk (and similar tools) for even more elegant solutions.
5. Innocentive (www.innocentive.com): one of today’s best online platform for open innovation, crowdsourcing and innovation contests. This is where organizations access the world’s brightest problem solvers.
6. UTest (http://www.utest.com): the world’s largest marketplace for software testing services.
7. IdeaConnection (www.ideaconnection.com): open innovation challenge site for new inventions, innovations and products.
8. NineSigma (www.ninesigma.com): open innovation service provider, connecting clients with a global innovation network of experts.
9. Ennovent (www.ennovent.com): worldwide expert platform seeking solutions for sustainable development in energy, food, water, health and education in rural India.
10. TopCoder (www.topcoder.com): the world’s largest competitive software development & creative design community, with over 200,000 at your fingertips.
Today’s best crowd-funding tools on the web:
In addition to getting people to help solve your problems, what about getting people to help fund your work? Here’s a few of the key sites that can help you raise money:
1. CrowdRise (www.crowdrise.com): Crowdrise is an innovative, crowd-sourced community of volunteers and online fundraisers that have come together to support online fundraising for charity, events and special projects. It’s a way to raise money in new ways, turning participants and supporters into effective online fundraisers.
2. Kickstarter (www.Kickstarter.com): Kickstarter is the world’s largest funding platform for creative projects. In 2011 the platform raised over $100 million for projects from the worlds of music, film, art, technology, design, food, publishing and other creative fields. Uniquely, on Kickstarter, a project must reach its funding goal before time runs out or no money changes hands, it’s an “all or nothing model”.
3. IndieGoGo (www.indiegogo.com): IndieGoGo you can create a funding campaign to raise money quickly and securely. This trusted platform has helped to raise millions of dollars for over 65,000 campaigns, across 211 countries.
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71 Replies to “Beyond X PRIZE: The 10 Best Crowdsourcing Tools and Technologies”
What a fantastic list! I will be using a couple of these soon.
Great article, Tim!
Great article. Several friends of mine are in the process of getting started on Kickstarter right now. Quirky is an interesting company to check out as well. They are bringing some cool products to market by using what they call “social product development”.
Thanks for the heads up on TopCoder…that looks really cool 🙂
Always loved the idea of crowdsourcing – me and a few friends were chewing over the idea of investment via crowdsourcing. The richest people don’t share their profits and never will. The rest of us who are able though not extraordinary are never supposed to have any way to pull ourselves up.
It’s amazing because it puts a tiny bit of power in many hands – and every bit of power in many hands is power taken away from the few hands.
Kickstarter is a great resource that I have used to fund my own video game project and many others have taken advantage of it. There are some amazing success stories.
If you haven’t seen the Double Fine Adventure game project, you have to check that out. It generated over 1 million dollars on Kickstarter in a single day(!) Right now it still has 22 days left for funding as has almost generated 2 million dollars. http://www.kickstarter.com/projects/66710809/double-fine-adventure
It’s setting basically all of the Kickstarter records right now and has a really funny video to boot. Definitely makes me feel good for the state of independent games and funding.
Sweet list! Tim, you coming to London anytime soon?
I’m at Mardi gras and this article just is way more interesting to me right now.thanks Tim, this is going to be huge for my start up
Thanks for the great list of resources. This gives me a few ideas to try out.
Tim, thank you so much for this post. It came at the perfect time, as my company is currently trying to fund our own film campaign, Wastelander Panda, through http://www.pozible.com (an Australian crowdfunding site). Unfortunately we were unable to use Kickstarter as we don’t have a US social security number, but hopefully this will change in the future, as the Kickstarter platform is huge, and using it would definitely have benefitted us.
I had no idea that there were crowdsourcing platforms based on ideas rather than funding, and can’t wait to check them all out. In the meantime, if anyone is interested in sharing tips on crowdfunding for the creative industries, especially film, or even collaborating on problem-solving ideas, I’d love to hear from you.
Thanks Dr Peter for a great list of tools, and illustrating the power of crowdsourcing.
@TIm, i need to add that the guest post by Dr. Peter H. Diamandis started with a bang but ended a little on the wimp…
The start was almost hypnotic “In 1861…”, but i couldn’t really get what the end was about.
After fully demonstrating the power of crowdsourcing, the end was simply “This is where you come in. ” It seems almost like it was cut and paste from sections of the book…
The list was much appreciated, and thanks Dr Peter for listing it here!
But after stating the list, there probably should be some followup words to wrap it up?
Just my 2 cents,
I have to agree with Henry.
Despite Dr. Peter curriculum, I can’t shake the feeling of a sales pitch: here’s some fascinating facts, my book and finally, the list.
I’m from Portugal, I’ve read all your books (4HWW, 4HWWextended and 4HB) and most of the blog posts. I follow your work form some years now and I imagine you’re is a very busy guy, especialy rigth now, with the new project coming (4H Chef), but we all now you can do better… I guess these is just a case of “I-miss-the-old-Tim-Ferriss-posts”.
Please don’t loose your focus.
Pure inspiration. You owe it to yourself to think, really *think*, about what you could use some of these resources for. Write a chapter and see if you can get funding to finish the book, find a cause dear to your heart and see if you can organize a funding program to do something useful. Or just lend a hand or a dollar yourself – spend some time to find the most inspiring existing project!
Your best article in a long time.
I like Indie Go Go better than Kickstarter for many reasons. However, the projects that have received significantly larger funding all live on Kickstarter.
What are everybody else’s preferences?
How do you ensure funding targets are met using crowdfunding?
The speed of change is amazing. Thanks for putting it all in perspective – I loved the pony express example!
The only one I’ve used is MTurk.com… I recently used it to help choose a domain name (http://adchop.com/case-study-choosing-a-memorable-domain/). Haven’t tried the rest yet, but will definitely look into them!
@Henry: I thought that “this is where you come in” was a great way to end the post… What I wanted to know, after reading about some of the cool results of crowdsourcing, was how I could put some of the coolness into practice myself – and that’s what the list of resources @ the end gave me 🙂
Nice post, thank you!
I’d add a couple more for crowdsourcing:
99designs – logos and web pages. Most probably you don’t get anything stunning, but well worth the price anyway.
Audiodraft – custom tunes, music for computer games et cetera.
MicroTask – MechanicalTurk specialized in form processing.
Sounds like a great book to read, looking forward to it.
As a next step I would see crowd-sourced projects to be added to high schools curriculums to let the students start small, but at early stage already learn the power of global collaboration & crowd sourcing with kids around the globe. This needs to go beyond the science people.
I couldn’t help but say ‘wow’ a few times during this article, I knew a lot of this stuff but didn’t know the scale.
I’ve also started an innovation course at the Open University so this is of particular interest.
One we discussed on the forums recently there is open education. Even MIT is now offering a free online advanced electronics course for everyone, so anyone around the world can get a genuine MIT certificate without any of the costs.
iTunes offer iTunesU which has a whole load of resources too and have just upped their game with recent software like the new iBooks software.
It would be nice to see more people with different skill sets other than working on a computer come together. Imagine the worlds best engineers working on a new concorde or space program, entirely eco-friendly. The best artists combining their abilities to create an entirely new genre, or the best chefs swapping their recipes to create something new together.
All exciting stuff indeed.
I agree and I think it’s only a matter of time before we start seeing crowdsourced innovation in some more surprising fields. I can’t wait to see what’s next!
Im sure that even at the time it came to McEwan’s attention, Linux had a great deal more than 10,000 lines of code, which would be a relatively small project by most standards. The most recent version of the Linux kernel, in fact, has about 13.5 million lines of code.
Fiverr! A crowdsourcing tool and definitely the most fun of all the listed above – a gazillion of things you can get done for exactly five bucks. Check it out, especially if you are thinking of the ways to make promo material for your company.
Is Kickstarter or Indiegogo better for certain niches? I’m considering using one of these to fund a biodegradable packaging upgrade.
We’ve gone the curated-crowd-sourced route with Test My Message (http://www.testmymessage.com)
Do you suppose opening the sourcing to anyone is the best way to go over a selected crowd? I know there will be some self-selection as the subject matter will draw only those with interest in the material. I guess what I’m wondering is will opening up the doors to all result in better outcomes for the users?
Great article. You forgot to mention Recaptcha 2 – which is used to digitize old books. Check out http://www.google.com/recaptcha/learnmore and http://www.ted.com/talks/luis_von_ahn_massive_scale_online_collaboration.html
Awesome post! I’ve got a project on Kickstarter and I think it is a fabulous way to not only fund creative projects but get folks excited about what you’re doing!
Been thinking about getting a project funded on Kickstarter. This blog may have given me the push!
Isn’t it amazing how crowd-funding tools offer the chance to practically anybody with a good idea to get funding. It doesn’t only relieve you of the need to find and convince investors, you just post it to the world and if you find anybody who likes it, you get the funding.
“In early 2011, the Chinese firm Huawei unveiled an affordable $80 Android smart phone through Kenya’s telecom titan Safaricom. In less than six months, sales skyrocketed past 350,000 handsets, an impressive figure for a country where 60 percent of the population lives on less than $2 a day.”
Being an African, this makes my heart smile. I have always know that the key for African progress is to become a hotbed of innovation not simple a mineral whore being pimped for it’s natural resources. The advancement of affordable technology is exponentially increasing knowledge access and making my home a global contender, although still an underdog, in the economic fight.
Aid disappears instantly, but innovation last lifetimes.
great post! Interestingly, this kind of “bottom up” innovation is very prevalent in emerging markets like India, China, Brazil, and Africa where millions of entrepreneurs are innovating “more with less.” They are resourceful in spite of having few resources — and are able to improvise simple but effective solutions to solve major socio-economic issues in energy, healthcare, and education. In my upcoming book “Jugaad Innovation” we profile dozens of such grassroots entrepreneurs who are seeking opportunity in adversity by devising frugal solutions to complex problems. We also show how Western firms can adopt this frugal and flexible mindset to combat growing scarcity/complexity in Western economies.
Coincidentally, Peter Diamandis is endorsing my upcoming book; this is what he says about the book:
“We are entering an age when humanity’s grand challenges are being solved by a new generation of ‘do-it-yourself’ innovators employing jugaad-style thinking. Today the entrepreneurial spirit of your very own employees, customers, and partners—empowered by new technologies—can literally change the world. XPRIZE has proven the value of jugaad by leveraging this bottom-up approach of ‘better, faster, cheaper’ to the point of sending a man into space for a fraction of what NASA spends. This compelling new book, Jugaad Innovation, articulates how you can start to accomplish amazing things on a shoestring. It is a vital read.’’
Great post! It’s so easy to forget that we live in a world and era of opportunity. Posts like this are a great reminder and motivator. Definitely will check out Abundance, seems like a very thought provoking book.
Keep the good posts coming Tim!
Great list of crowdsourcing tools!
A programmer’s focused attention on a development is not of equal value to a guy vegging out in front of a TV, likewise your Youtube birthday videos are not equivalent to professional cinematography.
Those false equivalencies mar an otherwise interesting article
Great Article Time. Crowd Sourcing is great for all industry it is generating whole new ways to get things done.
Love your work!
Great read. Great list. Looking at TopCoder as I type this. Thanks!
Really fantastic Tim & Peter. Pre-ordered the book as well.
Awesome, links! I love the link references.
Some pretty good ones too.
Good article, tim.
Many of your recent posts weren’t that good, but this one is great.
It actually helps the readers without having to hear a plug about another book or service which really only benefits marketers/promoters.
Yay, I don’t have to sacrifice another email account to be filled with follow up email offers that nobody wants.
Crowdsourcing is the way to go. It’s always been there but there are better tools now. The crowd actually has a voice now. It’s about time. 🙂
Thanks for the comment and glad you liked the post. As you are probably aware, but just want to make clear to new readers, I have NEVER once shared email addresses on this blog with anyone and would never. There is no benefit to me compared to the violation of trust and headache that would cause.
Hey Tim, you rock for putting this list together! Each year I learn about more companies that are succeeding in this space. Thanks for keeping us all up to date!
How amazing is the future going to be in 50 years? I love INNOVATION!
Amazing stuff Tim,
You are right on. We all have amazing tools at our disposal. We each have our own TV station in our pockets now. 🙂
Love this! So nice to see people talking about how to use all the amazing tools at our disposal not just to make our own lives easier, but to help others too. Cheers for helping to make the world a much better place 🙂
I loved the article. The anticipation of innovation from small groups or individuals ignites a spark in me to do more myself. I would love to see competition between rival inventors like Tesla and Edison produce equally amazing results. I just get confused with what goals people are working toward.
Youtube is great, but is more content really better? Anyone can become a star, but everyone must also know that anything and everything they do can be recorded and posted for everyone to see. In addition, the use of new communication is a double edged sword that could also be used to push forward goals in the wrong direction as evidenced by different crimes coordinated through twitter.
I’m not implying to stifle ICT, but I believe certain ways to channel the energy for good projects like those you listed are important and should be supported. Also the argument against too much TV gets my support, but no one can focus all the time. Thanks again Tim for another great read.
A comment about the horse – Hercules comparison. A horse carries 6.6 lbs/mile day (200/30). A Hercules carries 5.25 lbs per mile day (42000/8000).
Horses are powered by the sun through photosynthesis and can be managed to regenerate ecosystems. Hercules are also powered by photosynthesis though of a much older vintage whose ecological and social costs we all know.
Indeed the flattened world has many benifits. The real challenge is when to use what tool with full knowledge of the environmental financial and social impacts.
It’s a shame that such a huge part of the most talantet people are working at the entertainment. As the content will become even more appealing even those that avoid tv will start to spend their hours watching sitcoms.
Tim, it would be great to read about ways you use these tools in day-to-day life. A topic for separate post probably? 😉
I agree with Maxim – it would be fantastic to read about how Tim – and people in Tim’s sphere – use these tools.
Let’s take it out of abstraction and show people how it can really benefit from them.
Once we get above the level of Mechanical Turk level automated brainless repetitive activity, what are the practical, repeatable methods that generate success? What can the rest of us model?
Thanks for the great post, Tim. Unfortunately for me, my 80/20 abilities thus far have proven that building a 4HWK Muse is not in my 20 percent of talents, but building a non-profit for kids on an Indian Reservation is. I’m really fascinated with kickstarter.com and different ways to use crowd sourcing to forward that project. I’m looking forward to reading “Abundance” because it is so nice to hear amid the grim outlooks for the future.
I agree with Maxim. It would be great to get a walk-through from you and more descriptive examples from people out there who have been successful with crowd sourcing. Thanks.
Some really cool tools and resources here that I’ll see about implementing!
And THREE of the most prestigious degrees you can attain at two of the country’s most well respected schools? AMAZING.
…But the better question is, how did Dr. Diamandis pay for his education and basic needs at the same time he was enrolled in these very difficult classes?
As a student and business owner, THAT is a much more impressive feat.
All the best,
Crowd sourcing is great, but it does help to have a lot of friends and followers – as well as an outstanding idea!
Great tools, I got inspired to try some of those….Oh, and I agree with you guys crowdsourcing is the present and the future!
Cheers from Brazil!
Great post as always, Tim… and a great list as well. I co-founded an innovation business based on a twist to crowd sourcing. We focus on that spark of innovation that comes to people throughout their lives. In the past, people just filed their idea away and when they saw it on a store shelf years later, they’d say, “That was my idea. I should have done something with it.”
With our platform, creative individuals now have an outlet where they can take those sparks and have an expert team turn them into real-world products (if they’re good enough). I think it’s a very different take on crowd sourcing. The problem with most crowd sourcing platforms is that at some point, the experts really should get involved – the genius of the crowd can only go so far until individual perspectives start to steer the project off-track.
Please forgive me for self-promoting this link (and feel free to block my comment from being posted, edit the link out, or remove the post as you see fit): [URL Removed] We’re an offshoot of our Emmy award-winning television series, Everyday Edisons, which is essentially an “Orange Country Choppers” of innovation. Yesterday, we kicked off our casting calls for Season 5 – they’re taking place, of course, on Edison Nation.
Dr. Diamandis and Tim,
Great article. I like the points you raised about the increased flow of travel and of information. It seems that this relentless amplification of mobility, cooperation and productivity is rendering everything a commodity; this includes information and ideas.
So what’s left? Communication and initiative. Those that can get their points across clearly and those that take action and inspire action.
Great post, Hows the hurling going?
Great resource on one of the most exciting categories of companies these days. Speaking of which, I’ve just left a start up that had great products/ poor management. How do you vet the management team before agreeing to get involved? It seems like the amount of exposure one might need to see their true colors is more than one has when deciding whether to come aboard.
Love the robots! Nice article!
Great read and I definitely plan on adding this book to the stack.
Interestingly, I just launched my first project on Kickstarter — kolstom carbon fiber sunglasses — rather than the usual lengthy (and risky) development of products that go straight to the store shelf.
We’ll see how it goes!!! 🙂
Crowdrise.com looks awesome. We need more and more companies that are involved in volunteering and fundraising. I feel like things such as this are our best chance of saving the planet and the other species that live on Earth. I’m a big animal rights guy and the rhino story on their front page sold me.
Wow, Tim, this IS pure inspiration!.. Neat and motivating – resonates with my long term values and goals so deeply that I already arranged the meeting for tomorrow with few brilliant guys from one startup: to brainstorm actions on the “evil plan that will save the earth”.
I’ve been carrrying this plan for a year or so and also shared it with others on occasion (and the feedback was fantastic) but now I’m ready to kick it to another level – and your post was a tipping impuls for me.
Thanks and good luck as always!
Great article Tim. We’ve been doing a lot with crowdsourcing (White House, VA, Wired, etc) and its great to see an article from you about it.
We actually just released a crowd funding module in Beta on IdeaScale (uses PayPal). Ping me if any of your readers would like a demo and free pilot license.
Great list of sources. I’ve used a couple of these over the years. Topcoder is unique compared to some of the companies out there. They have some very strict rules on documentation which allows them to maintain a high degree of control with a large virtual workforce.
Thanks for the great links. Very useful for my purposes. Btw, is there a next random show coming up?
Awesome, I use a lot of outsourcing in my business, but have read a lot about crwodsourcing lately, and think I’ll have to give it a shot. Seems it could be the way to go with design work.
There also is RocketHub, it works great and you can promote your idea no matter where you live, with Kickstarter you need to be US resident because of Amazon Payments requirements.
A note on the “Linux has over ten thousand lines of code” stat. That’s a pretty big underestimate.
According to wikipedia: http://en.wikipedia.org/wiki/Linux_kernel
“On 14 March 1994, Linux 1.0.0 was released, with 176,250 lines of code. In March 1995, Linux 1.2.0 was released (310,950 lines of code).”
Thanks to Tim and Peter. We’re definitely in an era where negativity is fed to us on a consistent basis and hearing ‘good news’ about the future is reassuring. Peter co-hosted a webinar with Jonathan Budd that was pretty fantastic and gives a little more insight into his teachings from his new book. Google ‘budd abundance’ to get to his page where it is posted (I’m not spamming this guy so I won’t insert his link in the post). I’m curious to know which sites Tim would add to this list.
Hey Tim and Dr. Diamandis,
Thanks for an insightful and inspirational article that challenges the reader to dream big and make the most of the power of collaborative creative problem solving.
Truly mindblowing. This blog is a continuous source of inspiration for me, really thanks!
PS Got the kindle version of the extended 4hww recently (had already read the original one), it´s pretty amazing! I´m working on my muse, making it happen. It will be showcased in your blog soon, it´s a dream of mine and it will come true.
I would like to know if anyone knows about Appsumo.
Did you try it? Did it help?
Whenever you are on HCG, you should drink a minimum of 2.
There had to be a reason and this is when HCG was discovered.
The purpose of this shake is to drink it 4 times per day in-between meals and to provide micro nutrients lost during dieting.
The success comes not from fad diets, or even from non-fad diets.
You will find that with h – CG on board, you will burn fat very easily.
I want to share some of idea related to empower children to study.