Howard E. Aldrich
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Howard E. Aldrich

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Howard E. Aldrich




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Presentation on theme: "Howard E. Aldrich"— Presentation transcript:

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Howard E. AldrichESBRI EstradStockholm, September 30, 2013

Hackers, Makers, and Crowdfunding: Lowering the Barriers to Entrepreneurship

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Two Global Trends

Technological revolutionMicro-everythingIT & Social MediaEnabling scaling down/up

Institutional entrepreneurshipLegacy of 1960’s Localism & communityFacilitating collaboration & cooperation

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Social Innovation & New Institutions: “Hot Causes”

Rebelling against the “closed box”

Promoting local production & controlDoing things for yourselfEarning living from own creativity & labor

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“If You Can Imagine It, You Can Make It”

User-Driven InnovationMedical devicesJuvenile productsExtreme sportsTypesettingTechnology wants to be free!

Enabling technologies

Laser cutters

Computer Numerical Control (CNC) for machines

3D Printers

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Some of The New Tools

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Where Do “Makers” Go to Gain Access to Tools?

Closed Access - $$ drivenIncubatorsAccelerators

Open Access – Cooperative & Collaborative SpacesHackerspacesFab Labs (MIT-sponsored)TechShop1000’s globally

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Hackerspaces in USA

Hoboken: MakerBarSF: NoiseBridgeOakland: LiberatingOurselvesLocallyBrooklyn: NYC ResistorPhiladelphia: The HackToryCulver City: CrashSpace

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Institutional Structures of Cooperation & Collaboration

Education (MOCCs)UdacitySingularityGatherings & CelebrationsMaker FairesMediaMake magazineLegal/regulatoryCreative Commons

Sharing

& diffusion

Maker Shed

Brokers & bridges (crowd-sourced design &

mfg

)

Quirky

Thingiverse

(Makerbot)

100K Garages

Cloudfab

Crowdspring

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Example of Legal framework: @Creative Commons

“Creative Commons develops, supports, and stewards legal and technical infrastructure that maximizes digital

creativity, sharing, and innovation

.”

“Our vision is nothing less than realizing the full potential of the Internet —

universal access

to research and education, full participation in culture — to drive a new era of development, growth, and productivity.”

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Small is the New Big“Punching Above Their Weight”

Marketing & Sales (“community”)EtsyArt FireDawandaFulfillment & ShippingAmazon.comUPSFedEx

Web Hosting & Outsourced Business Services (“the cloud”)GoDaddyOutrightSalesForceWorkday

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Everyone an Investor? Democratizing Ownership

Non-equity crowd funding: “rewards”KickstarterIndiegogoFundable (only biz)FundedByMeNon-equity crowd funding: debt/loans

Equity crowd fundingEquityNetFundable (only biz)FundaGeek (for sale!)FundedByMeNEXT STEP: JOBS Act in the USA

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Example of social Innovation: HarvestBot (Harvest Geek’s Kickstarter Campaign)

Monitoringa garden’svital signs

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Issues Raised by Technological & Institutional Changes

Team composition: how much does it matter now?

Will pursuit of profits corrupt the “community” & collaborative spirit?

Can makers & fabbers remain “small”?

The “Matthew” &

“Sesame

Street” effects: what impact will these changes have on economic inequality?

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