How Crowds Are Enabling a Golden Age of Innovation Shaun Abrahamson @shaunabe

@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

First, lets go back to 1999

Corp Dev Why was the 50k great? Founders Investors Customers

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

Whats new in 2013?

also new, better organized crowds Crowdfunding Accelerators Crowdstorming

Source: Crowdsourcing.org

Angel.co More Connections, Better Signals

Kickstarter Customers + Investors + Partners

Corporates Venturing Funding + Expertise + Customer Acquisition

Source: f6s.com

YCombinator Customers + Investors + Partners

Corporate Accelerator

2009 Spend Explosion in Open Innovation Spending 2015 Spend (Projected) Source: OIA Survey 2013

GE Ecomagination Identify Specific Types of Opportunities

Amazon Studios Make Use of Open City Data

Corp Dev Better organization and alignment FoundersInvestors Customers

Whats 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)

Whats Next?

Fund + Accelerator + Crowdstorm ++

Crowdstorm + Accelerator ++

Crowdstorm + Accelerator ++

Corp Dev Ever better crowd alignment FoundersInvestors Customers

Aligning crowds is very, very powerful.

Its never been easier to make innovation happen.

How Crowds Are Enabling a Golden Age of Innovation Shaun Abrahamson @shaunabe