- Anything (ideas, money, time, voting on book cover ideas) can be crowdsourced with the right marketing.
- Experiment early and iterate. As soon as you have an idea, try it out. 20 minutes of effort/writing might have a huge ROI.
- Split large teams up. Swarms of bees are more mobile than eagles. (Jim Collins uses Fire Bullets, Then Cannonballs to explain a similar concept.)
…five more technologies also ripe for entrepreneurial exploitation: networks and sensors, infinite computing, artificial intelligence, robotics, and synthetic biology. [P. 41]
Good entrepreneurs don’t like risk. They seek to reduce risk. — Jeff Bezos Studies have found that in professions with less direct feedback loops — stock analysis, psychiatry, medicine — even the best get worse over time. [P. 91]
…the exponentially exploding world of crowdsourcing, today’s poor man’s version of artificial intelligence. [P. 167]
Would I re-read this?
Only if I was about to launch a crowd-funding campaign. I might skim through the first 100 pages as a refresher. It’s obvious that the authors have an insiders grasp of some current exponential technologies.
This is a must-read to understand the process and background of crowdfunding. I enjoyed the first 139 of 317 pages. The authors do a phenomenal job of describing how to think in a world of technology. After page 139, the book does a deep dive into crowdfunding & building online communities with related case studies, which was not of interest to me at the time I read it.
What did I implement?
I started to see exponents in a new light. I now can see exponents far more clearly in the real world than I was taught to do in math class. I also pay far more atttention to the sensors market. What is the next sensor that I (or the world) can use for my clothes, phone, or house?
In Summary...This is a business style book towards technology and looking at the future.