ESBRI Estrad. Stockholm, September 30, 2013. Hackers, Makers, and Crowdfunding: Lowering the Barriers to Entrepreneurship . Two Global Trends . Technological revolution. Micro-everything. IT & Social Media. ID: 489121
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Howard E. AldrichESBRI EstradStockholm, September 30, 2013
Hackers, Makers, and Crowdfunding: Lowering the Barriers to EntrepreneurshipSlide2
Two Global Trends
Technological revolutionMicro-everythingIT & Social MediaEnabling scaling down/up
Institutional entrepreneurshipLegacy of 1960’s Localism & communityFacilitating collaboration & cooperationSlide3
Social Innovation & New Institutions: “Hot Causes”
Rebelling against the “closed box”
Promoting local production & controlDoing things for yourselfEarning living from own creativity & laborSlide4
“If You Can Imagine It, You Can Make It”
User-Driven InnovationMedical devicesJuvenile productsExtreme sportsTypesettingTechnology wants to be free!
Computer Numerical Control (CNC) for machines
Some of The New ToolsSlide6
Where Do “Makers” Go to Gain Access to Tools?
Closed Access - $$ drivenIncubatorsAccelerators
Open Access – Cooperative & Collaborative SpacesHackerspacesFab Labs (MIT-sponsored)TechShop1000’s globallySlide7
Hackerspaces in USA
Hoboken: MakerBarSF: NoiseBridgeOakland: LiberatingOurselvesLocallyBrooklyn: NYC ResistorPhiladelphia: The HackToryCulver City: CrashSpaceSlide8Slide9
Institutional Structures of Cooperation & Collaboration
Education (MOCCs)UdacitySingularityGatherings & CelebrationsMaker FairesMediaMake magazineLegal/regulatoryCreative Commons
Brokers & bridges (crowd-sourced design &
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 —
to research and education, full participation in culture — to drive a new era of development, growth, and productivity.”Slide11
Small is the New Big“Punching Above Their Weight”
Marketing & Sales (“community”)EtsyArt FireDawandaFulfillment & ShippingAmazon.comUPSFedEx
Web Hosting & Outsourced Business Services (“the cloud”)GoDaddyOutrightSalesForceWorkdaySlide12
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 USASlide13
Example of social Innovation: HarvestBot (Harvest Geek’s Kickstarter Campaign)
Monitoringa garden’svital signsSlide14
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” &
Street” effects: what impact will these changes have on economic inequality?Slide15Slide16Slide17Slide18