Crowdsourcing and Crowdfunding Explained

The smart folks at Crowdsourcing.org have produced a short animated film narrated by Founder, Carl Esposti that describes the four different ways Crowdsourcing works and the five different categories of things you can do with crowdsourcing.   It’s an enjoyable overview that starts in the 1700’s.  Enjoy…

 

Here are the crib notes from the video.   It breaks crowdsourcing into the following 5 categories:  Tap the crowd for:

1. Crowd Creativity - creative projects
2. Distributed Knowledge - collect and organize knowledge
3. Open Innovation - use the crowd to develop and test new ideas
4. Cloud Labor - access an on-demand scalable workforce
5. Crowdfunding - use the crowd to raise capital

The Crowdsourcing.org site and team are doing a very nice job of reporting on, and promoting the crowdsourcing industry.

- Brent Frei