In week 6 we learned about crowdsourcing/founding.
Crowdfunding sounds like a new way to raise money for any projects, and it is so it is just not new. The precursor of crowdfunding was founded in between the 17th and 18th century and it was called Subscription business model the term crowdfunding became known in the year 2006.
I think crowdfunding is great because there are so many people outside who have great ideas to improve our world, they just don´t have the financial power to support their own idea.
But there are also risks!
For example when you start up a crowdfunding project at first you have to publish a lot of intern information like a business model, ideas or funding which you make accessible for a mostly unknown crowed.
How can you protect your project when you are publishing it on a crowdfunding website, so that nobody can copy it?
One person can´t know everything, that’s why crowdsourcing.
If you launch an undetermined project as a designer and get stuck in a point where you can´t come further and you are looking for some help from people who believe in that what you believe or just see the potential of your plan, than you should use crowdsourcing.
Crowdsourcing is awesome like crowdfunding it allows you to use the knowledge of interested people around the world with different cultural background who have different sights on your project.
Crowdsourcing is based on volunteer workers who just want to help to create a great future, but some crowdsourcing platforms (innocentive.com) offers a reward for the best idea which helps to bring the project further.
But also crowdsourcing has a dark side.
And it is hard to work with so many people together, who have different opinions an ideas so crowdsourcing has a high dispute potential.
Or if a project is finished some people may feel a bit disadvantaged because not everybody can get a price for the project they worked together for a long time.
What to do against crowd resistance?
Whose intellectual property is the idea in the end?
But these negative points is in my opinion something small if you see on the other hand what crowdsourcing and crowdfunding can produce.
Thanks for reading