The Wisdom of Crowds
22 Jun 2010
I wonder if James Surowiecki thought that crowdsourcing was poised to become an internet hot topic when he wrote The Wisdom of Crowds. Whether or not he knew, his book certainly got to the strategic core of the why’s and how’s of the power of the crowd. I read that book in 2004 and I was simply passionate about it. I wanted to understand how to better harness the concept of aggregate thinking (not crowd thinking) to make better decisions.
Throwing money into the abyss?
I was quite excited when Kiva first opened its (virtual) doors. Kiva harnessed the power of storytelling, as well as ease of online payment, to help online individuals make a difference they felt connected to. I was equally excited when I watched the rise of crowdsourced funding in the startup world. I believe there is value in this. I know some people who argue that it’s just…
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