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Scooped by Deb Nystrom, REVELN!

Crowdfunding Phenom: Kickstarter CEO Yancey Strickler on Success, Copycats, and 'Broken Promises'

Crowdfunding Phenom:  Kickstarter CEO Yancey Strickler on Success, Copycats, and 'Broken Promises' | Change Leadership Watch |

The crowdfunding model is now a mini-cottage industry, thanks to Kickstarter, and yes, he's been spoofed by 'South Park.'


...When did the concept of crowdfunding first click for you?

In 2005. I had these artist and musician friends with day jobs that they hated, but they couldn’t afford to just do art or music. There’s a widespread assumption that creative things just magically happen, and they don’t. Creation requires funding.


....(order changed)  Today, millions of people use the site each day, adding up to a daily average of $1 million in pledges (some 70,000 campaigns have launched on the site). 


...Are there plans to grow the staff?

Actually, no. I think we’ll get to 100 people, but not much beyond that in the near future. Being a small company [means we are] light on costs, and I like the scrappiness of trying to accomplish a lot with a little. There’s far more shared ownership with a small team.
...Are you threatened by ...copycat competitors?

I’ve always known others would copy our idea, but to be honest, we’ve always been the strongest product. ....and for most of our measurements -- dollars pledged, site visitors, project supporters -- there’s a huge gulf between us and the rest of the field.


Deb Nystrom, REVELN's insight:

FOR THE WIN:  Spot on great ideas, carried to full implementation and sustained in good faith, with some bumps in the road. Overall good ideas, good will and smart business practices will win the day, says I.   As an consultant, there's a lot to like about Kickstarter, including my favorite value in the work world, "choice."  We have a lot that is industrial age about our still new, burgeoning information age.  Fortunately, Kickstarter the concept, and the reality, is not one of them.

I've also included crowdfunding and crowdsourcing as a community building, ownership trend that field of Organization Development (OD), among others, is ignoring in a digital chapter on its way to publication for Wiley for Practicing OD, 2015 edition.


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Rescooped by Deb Nystrom, REVELN from Crisis, collapse and transition!

Strengths from Chaos, Uncertainty, Resistance & Stress = Antifragile

Strengths from Chaos, Uncertainty, Resistance & Stress = Antifragile | Change Leadership Watch |

"Nassim Taleb's third book argues that we can benefit from chaos, uncertainty, resistance and stress. In an antifragile system, randomness is your best friend."

The Lebanese-American thinker Nassim Taleb argues in his new book Antifragile that there also exist things that are the exact opposite of fragile.

Things that are not merely robust [or resilient], but beyond robustness, such that accidents and chance events tend to make them better and stronger – much like a glass that becomes harder to break every time you drop it on the floor.

You see the same phenomenon in industries where the level of competition and entrepreneurship is high. The nightlife in your city gets better for every restaurant that goes bankrupt. The bankruptcy itself is a sad event, and negative for those concerned, but the overall result of bankruptcies is to improve the quality of those that survive.

Nassim Taleb’s new word for this opposite of fragility is antifragility....

Related posts by Deb:


Via Philippe Vallat
Deb Nystrom, REVELN's insight:

The next post I'll be adding is how Antifragility relates to the ebb and flow in our cities and their leaders, investors in the USA.  ~  Deb

Deb Nystrom, REVELN's comment, April 14, 2013 3:12 PM
Quite intrigued by this concept, as you already know. ~ D