Comments on: The Business Experiment: What I Learned About the Limits of Peer Production, Wisdom of Crowds, and Other Web2.0 Philosophies http://www.businesspundit.com/the-business-experiment-what-i-learned-about-the-limits-of-peer-production-wisdom-of-crowds-and-other-web20-philosophies/ Entrepreneurship, Startup Companies and Business Philosophy Fri, 03 Feb 2012 07:09:48 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: Adele http://www.businesspundit.com/the-business-experiment-what-i-learned-about-the-limits-of-peer-production-wisdom-of-crowds-and-other-web20-philosophies/comment-page-1/#comment-27620 Adele Wed, 03 Nov 2010 23:47:26 +0000 http://www.businesspundit.com.php5-6.websitetestlink.com/?p=2790#comment-27620 I find this post fascinating, because we are trying to do something similar with Bettermeans, but I'm hoping that we have made some incremental changes that will allow a team just like the one you are describing to work better. In our webapp that we are launching next week, we are excited about transparency and allowing the crowd to have a voice, but what is different is that ultimately the team members (elected in by the group) are the ones that make the decision. I would be fascinated to speak with you more about this topic and some of the things you learned and what you think would have made it better. I find this post fascinating, because we are trying to do something similar with Bettermeans, but I’m hoping that we have made some incremental changes that will allow a team just like the one you are describing to work better. In our webapp that we are launching next week, we are excited about transparency and allowing the crowd to have a voice, but what is different is that ultimately the team members (elected in by the group) are the ones that make the decision.

I would be fascinated to speak with you more about this topic and some of the things you learned and what you think would have made it better.

]]> By: Mr Bomb http://www.businesspundit.com/the-business-experiment-what-i-learned-about-the-limits-of-peer-production-wisdom-of-crowds-and-other-web20-philosophies/comment-page-1/#comment-27552 Mr Bomb Sun, 31 Oct 2010 15:58:27 +0000 http://www.businesspundit.com.php5-6.websitetestlink.com/?p=2790#comment-27552 http://thepoorman.net/2008/09/30/mysteries-of-the-wingnut-mind/http://pixelithaca.com/2008/07/24/fistful-of-grappa/trackback/ http://thepoorman.net/2008/09/30/mysteries-of-the-wingnut-mind/http://pixelithaca.com/2008/07/24/fistful-of-grappa/trackback/

]]> By: Rich http://www.businesspundit.com/the-business-experiment-what-i-learned-about-the-limits-of-peer-production-wisdom-of-crowds-and-other-web20-philosophies/comment-page-1/#comment-15387 Rich Wed, 01 Jul 2009 08:27:21 +0000 http://www.businesspundit.com.php5-6.websitetestlink.com/?p=2790#comment-15387 You're dead right that crowds can be stupid. No further proof needed than the date of the economy, and the "failure" of the efficient market. In the boom, everyone in the markets believed - house prices could continue rising indefinitely - cheap credit was indefinitely sustainable - financial innovation had brought about an end to boom'n'bust The investor community put its money where its mouth was, and lost $$$$$ - a collectively wise crowd? I think not. You’re dead right that crowds can be stupid. No further proof needed than the date of the economy, and the “failure” of the efficient market. In the boom, everyone in the markets believed
– house prices could continue rising indefinitely
– cheap credit was indefinitely sustainable
– financial innovation had brought about an end to boom’n'bust

The investor community put its money where its mouth was, and lost $$$$$ – a collectively wise crowd? I think not.

]]> By: Steve http://www.businesspundit.com/the-business-experiment-what-i-learned-about-the-limits-of-peer-production-wisdom-of-crowds-and-other-web20-philosophies/comment-page-1/#comment-13125 Steve Sun, 29 Mar 2009 23:26:27 +0000 http://www.businesspundit.com.php5-6.websitetestlink.com/?p=2790#comment-13125 Great insights and just so you know, some of us former TBE'ers are still around. Keep in touch. Great insights and just so you know, some of us former TBE’ers are still around. Keep in touch.

]]> By: Meri Lähteenmäki http://www.businesspundit.com/the-business-experiment-what-i-learned-about-the-limits-of-peer-production-wisdom-of-crowds-and-other-web20-philosophies/comment-page-1/#comment-8057 Meri Lähteenmäki Tue, 19 Aug 2008 21:19:30 +0000 http://www.businesspundit.com.php5-6.websitetestlink.com/?p=2790#comment-8057 Thank you, Rob, for my part, too. It's very valuable that people take the time to share this kind of experiences. I'm doing a pretty TBEish project in http://beachange.org/. It's also a site where people discuss business ideas. Difference is that all the ideas are socially relevant and people are also invited to an event which enables them make their own favorite ideas happen. Now I learned new risks I didn't think about before, e.g. the site attracting just people who like to discuss ideas, not to execute them, or busy people not contributing because of not enough incentive. Now starting to think about how to avoid those..! -Meri Thank you, Rob, for my part, too. It’s very valuable that people take the time to share this kind of experiences. I’m doing a pretty TBEish project in http://beachange.org/. It’s also a site where people discuss business ideas. Difference is that all the ideas are socially relevant and people are also invited to an event which enables them make their own favorite ideas happen.
Now I learned new risks I didn’t think about before, e.g. the site attracting just people who like to discuss ideas, not to execute them, or busy people not contributing because of not enough incentive. Now starting to think about how to avoid those..!
-Meri

]]> By: kyle http://www.businesspundit.com/the-business-experiment-what-i-learned-about-the-limits-of-peer-production-wisdom-of-crowds-and-other-web20-philosophies/comment-page-1/#comment-1268 kyle Mon, 27 Aug 2007 22:05:56 +0000 http://www.businesspundit.com.php5-6.websitetestlink.com/?p=2790#comment-1268 I am a member of a new start up that is a co-operative site. This article is a great study and will be forwarding this to all our members. Currently the site is not considered live and we are in development. We are looking for a Director of IT...please email if anyone is interested...kyleglobal@gmail.com I am a member of a new start up that is a co-operative site. This article is a great study and will be forwarding this to all our members. Currently the site is not considered live and we are in development. We are looking for a Director of IT…please email if anyone is interested…kyleglobal@gmail.com

]]> By: Harm Joosse http://www.businesspundit.com/the-business-experiment-what-i-learned-about-the-limits-of-peer-production-wisdom-of-crowds-and-other-web20-philosophies/comment-page-1/#comment-1267 Harm Joosse Tue, 08 Aug 2006 14:08:04 +0000 http://www.businesspundit.com.php5-6.websitetestlink.com/?p=2790#comment-1267 interesting insights. The wisdom of crowds do not really exist, better talk of the Wisdom of wise crowds. Furthermore i agree on you that collective wisdom often leads to collective stupidity when there is no expert input. See more on this in two recent posts on my blog: <a href="http://www.harmjoosse.nl/km" rel="nofollow">http://www.harmjoosse.nl/km</a> interesting insights. The wisdom of crowds do not really exist, better talk of the Wisdom of wise crowds. Furthermore i agree on you that collective wisdom often leads to collective stupidity when there is no expert input. See more on this in two recent posts on my blog: http://www.harmjoosse.nl/km

]]> By: Carolyn L Burke http://www.businesspundit.com/the-business-experiment-what-i-learned-about-the-limits-of-peer-production-wisdom-of-crowds-and-other-web20-philosophies/comment-page-1/#comment-1266 Carolyn L Burke Thu, 03 Aug 2006 17:45:24 +0000 http://www.businesspundit.com.php5-6.websitetestlink.com/?p=2790#comment-1266 Hey all - My experience with TBE and AskSpace was invaluable. For me, it was a personal success, working with a distributed and self-selecting team, and in a volunteer capacity. Lots of good lessons. I followed up that success by immediately volunteering for a non-profit, which immediately signed a contratc with me. Here's my most recent picture as Communications Director of the Singularity Institute for Artifical Intelligence: <a href="http://www.singinst.org/burke.html" rel="nofollow">http://www.singinst.org/burke.html</a> So Rob, Sean, Ignat, Jonathan, et al - Thanks! Carolyn ps.. Here's a cool new toy at linkedin: <a href="http://www.linkedin.com/in/clburke" rel="nofollow">http://www.linkedin.com/in/clburke</a> Hey all – My experience with TBE and AskSpace was invaluable. For me, it was a personal success, working with a distributed and self-selecting team, and in a volunteer capacity. Lots of good lessons. I followed up that success by immediately volunteering for a non-profit, which immediately signed a contratc with me. Here’s my most recent picture as Communications Director of the Singularity Institute for Artifical Intelligence: http://www.singinst.org/burke.html

So Rob, Sean, Ignat, Jonathan, et al – Thanks!

Carolyn
ps.. Here’s a cool new toy at linkedin: http://www.linkedin.com/in/clburke

]]> By: ken http://www.businesspundit.com/the-business-experiment-what-i-learned-about-the-limits-of-peer-production-wisdom-of-crowds-and-other-web20-philosophies/comment-page-1/#comment-1265 ken Mon, 31 Jul 2006 19:43:17 +0000 http://www.businesspundit.com.php5-6.websitetestlink.com/?p=2790#comment-1265 Absolutely wisdom of crows is B.S. The world has always and will progress because of elites, whatever the shape and form of those elites (even in democracies) for the very simple reason that the average I.Q. in the West is 100 (90% of the population). Starting at 110 you get into the trully intelligent band. That 10% creates the system/establishment. Besides, by definition, the minority is right and the majority is wrong. Perhaps this also explains why Western democracies are grinding to a halt. Too many special interests to accomodate. my two cents from someone who seldom posts comments :) Absolutely wisdom of crows is B.S.

The world has always and will progress because of elites, whatever the shape and form of those elites (even in democracies) for the very simple reason that the average I.Q. in the West is 100 (90% of the population). Starting at 110 you get into the trully intelligent band. That 10% creates the system/establishment.

Besides, by definition, the minority is right and the majority is wrong. Perhaps this also explains why Western democracies are grinding to a halt. Too many special interests to accomodate.

my two cents from someone who seldom posts comments :)

]]> By: ken http://www.businesspundit.com/the-business-experiment-what-i-learned-about-the-limits-of-peer-production-wisdom-of-crowds-and-other-web20-philosophies/comment-page-1/#comment-1264 ken Mon, 31 Jul 2006 19:40:58 +0000 http://www.businesspundit.com.php5-6.websitetestlink.com/?p=2790#comment-1264 Absolutely wisdom of crows is B.S. The world has always been and will progress because of elites, whatever the shape and form of those elites (even in democracies) for the very simple reason that the average I.Q. in the West is 100. Starting at 110 you get into the trully intelligent band. Besides, by definition, a minority is right and the majority is wrong. Perhaps this also explains why Western democracies are grinding to a halt. Too many special interests to accomodate. my two cents from someone who seldom posts comments :) Absolutely wisdom of crows is B.S.

The world has always been and will progress because of elites, whatever the shape and form of those elites (even in democracies) for the very simple reason that the average I.Q. in the West is 100. Starting at 110 you get into the trully intelligent band.

Besides, by definition, a minority is right and the majority is wrong. Perhaps this also explains why Western democracies are grinding to a halt. Too many special interests to accomodate.

my two cents from someone who seldom posts comments :)

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