The Growing Influence of Crowdsourcing on Electronic Components Production

RE: The Growing Influence of Crowdsourcing on Electronic Components Production

julian.higginson — Fri, 19 Aug 2016 23:04:14 GMT

crowdsourcing is a collaborative activity where someone seeks to get people to do or supply things or information for a particular purpose... crowdfunding is probably the more correct term to use in this article.

as for the future and viability of crowdfunding, I've paid for and received a couple of things I wanted that wouldn't exist if they weren't funded by customers. they all had some risk involved, but for me they have all worked out so far... I always think about what I'm buying and try to understand what's needed to be done for delivery vs what they are asking for...

I don't see a lot of change needed with the current platforms, but the platforms really do need to step up and deliver a more open and honest and specific understanding that "buying a crowd funded item" isn't something you do, and the two parts of funding a venture and receiving a reward for that are not necessarily linked...

RE: The Growing Influence of Crowdsourcing on Electronic Components Production

kellyhensen — Tue, 09 Aug 2016 15:09:45 GMT

I'm wondering if anyone still does good old fashioned funding - anyone have any experience with getting money to start up a business/idea?

RE: The Growing Influence of Crowdsourcing on Electronic Components Production

DAB — Mon, 08 Aug 2016 19:12:40 GMT

I am not sure about game changer ideas, but I see the new crowd sourcing of funding very useful in establishing niche market devices for specific audiences.

If you truly have enough people interested in a device, then you will get the funds you need to develop it.

Over the years, there have been many great ideas, but only limited interest due to many reasons.

Crowd sourcing opens up new opportunity.

That does not mean that you cannot create the next great device this way, I just see it as a total long shot.

Still, you can dream.

DAB