Thursday, May 25, 2006
Crowdsourcing
"Goodbye, experts. Your services are no longer required." That's the basic gist of this Wired article that explores the concept of crowdsourcing. What is crowdsourcing?
- When a movie shot by 50 fans of a rock group with 50 Hi-8 video cameras makes it to the box office. (I won't give a link--the name of the movie is objectionable, to say the least.)
- When SportingNews.com made its reader blog community--not articles written by its own staff--the heart and soul of its Web site.
- When Threadless.com solicits t-shirt designs from its customers--and makes $20 million selling the t-shirts.
- When financial services company Marketocracy, a community of 60,000 online stock traders, tracks the decisions of its top 100 portfolios to set the investment strategy for its mutual fund. (Its index has outperformed the S&P 500 in 11 of the past 17 quarters.)





