User Patronage: the Return of the Gift in the “Crowd Society”
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ROADS and BRIDGES: the UNSEEN LABOR BEHIND OUR DIGITAL INFRASTRUCTURE Preface
Roads and Bridges:The Unseen Labor Behind Our Digital Infrastructure WRITTEN BY Nadia Eghbal 2 Open up your phone. Your social media, your news, your medical records, your bank: they are all using free and public code. Contents 3 Table of Contents 4 Preface 58 Challenges Facing Digital Infrastructure 5 Foreword 59 Open source’s complicated relationship with money 8 Executive Summary 66 Why digital infrastructure support 11 Introduction problems are accelerating 77 The hidden costs of ignoring infrastructure 18 History and Background of Digital Infrastructure 89 Sustaining Digital Infrastructure 19 How software gets built 90 Business models for digital infrastructure 23 How not charging for software transformed society 97 Finding a sponsor or donor for an infrastructure project 29 A brief history of free and public software and the people who made it 106 Why is it so hard to fund these projects? 109 Institutional efforts to support digital infrastructure 37 How The Current System Works 38 What is digital infrastructure, and how 124 Opportunities Ahead does it get built? 125 Developing effective support strategies 46 How are digital infrastructure projects managed and supported? 127 Priming the landscape 136 The crossroads we face 53 Why do people keep contributing to these projects, when they’re not getting paid for it? 139 Appendix 140 Glossary 142 Acknowledgements ROADS AND BRIDGES: THE UNSEEN LABOR BEHIND OUR DIGITAL INFRASTRUCTURE Preface Our modern society—everything from hospitals to stock markets to newspapers to social media—runs on software. But take a closer look, and you’ll find that the tools we use to build software are buckling under demand. -
RAO-DISSERTATION-2015.Pdf (3.367Mb)
Incentives Design in the Presence of Externalities The Harvard community has made this article openly available. Please share how this access benefits you. Your story matters Citation Rao, Malvika. 2015. Incentives Design in the Presence of Externalities. Doctoral dissertation, Harvard University, Graduate School of Arts & Sciences. Citable link http://nrs.harvard.edu/urn-3:HUL.InstRepos:23845457 Terms of Use This article was downloaded from Harvard University’s DASH repository, and is made available under the terms and conditions applicable to Other Posted Material, as set forth at http:// nrs.harvard.edu/urn-3:HUL.InstRepos:dash.current.terms-of- use#LAA Incentives Design in the Presence of Externalities A dissertation presented by Malvika Rao to The School of Engineering and Applied Sciences in partial fulfillment of the requirements for the degree of Doctor of Philosophy in the subject of Computer Science Harvard University Cambridge, Massachusetts September 2015 c 2015 Malvika Rao All rights reserved. Dissertation Advisor: Author: Professor David C. Parkes Malvika Rao Incentives Design in the Presence of Externalities Abstract The design of incentives becomes challenging when faced with externalities. In this thesis I resolve this difficulty in two settings: position auctions and software economies. The first part of the thesis studies value externalities in position auctions. I develop a constraint-based model that allows an advertiser to submit, along with its bid, additional constraints to state how its value for clicks depends on the positions of the other ads with which it is allocated. I establish complexity results for winner determination and prove the existence of Nash and envy-free equilibria under certain conditions. -
Powering the Crowd Into the Future
POWERING THE CROWD INTO THE FUTURE KEY LEARNINGS & RECOMMENDATIONS Davinia Cogan, Peter Weston POWERING THE CROWD INTO THE FUTURE KEY LEARNINGS & RECOMMENDATIONS FOR ENERGY ACCESS CROWDFUNDING AND P2P LENDING CONTENTS BIOS 3 EXECUTIVE SUMMARY 4 INTRODUCTION 6 1 STATE OF THE MARKET 8 2 THE 6 CAMPAIGN ARCHETYPES 12 1. PARTNERSHIP MODELS 15 CASE STUDY: TAHUDE FOUNDATION 16 2. ONE-OFF FUNDRAISERS 17 CASE STUDY: RAFODE 19 CASE STUDY: SOLARIS OFFGRID 20 3. MEGA-CAMPAIGNS 22 4. P2P MICROLENDING 23 CASE STUDY: EMERGING COOKING SOLUTIONS 24 5. ONLINE DEBT-BASED SECURITIES 26 CASE STUDY: SIMUSOLAR 27 CASE STUDY: AZURI TECHNOLOGIES 29 5.EQUITY CROWDFUNDING 31 CASE STUDY: TRINE 32 3 INTERVENTIONS TO CATALYSE FUNDING 34 4 CROWD POWER UPDATE 37 CONCLUSION 39 REFERENCES 41 This material has been funded by UK aid from the UK government; however the views expressed do not necessarily reflect the UK government’s official policies. Published December 2018 Design: www.dougdawson.co.uk Front cover by C.Schubert BIOS Davinia Cogan Peter Weston Davinia Cogan is the Programme Peter Weston is the Director of Manager of Crowd Power at Energy Advisory Services at Energy 4 Impact. 4 Impact. She runs the UK aid He manages a team of consultants funded programme, which explores that advises off-grid SMEs in Sub the role of incentives to stimulate Saharan Africa and helps them to donation, reward, debt and equity implement new business models crowdfunding in the off-grid energy and technologies. He is an expert sector in Sub- Saharan Africa and in power, renewables and off- South Asia. -
Jun Zhang (10742239) Msc
To Which Extend Do Material Incentives Matter? A Study on Backers’ Motivation behind Crowdfunding Behaviour Master Thesis Student: Jun Zhang (10742239) MSc. in Business Administration - Entrepreneurship and Innovation Faculty of Business and Economics of UvA Supervisor: First Supervisor: Dr. G.T. Vinig Second Supervisor: Dr. W. van der Aa Date: 26 Jun 2015 (Final Version) Statement of Originality This document is written by Student Jun Zhang, who declares to take full responsibility for the contents of this document. I declare that the text and the work presented in this document is original and that no sources other than those mentioned in the text and its references have been used in creating it. The Faculty of Economics and Business is responsible solely for the supervision of completion of the work, not for the contents. Page 2 of 91 Contents Acknowledgement ..................................................................................................................... 5 Abstract ...................................................................................................................................... 6 1. Introduction ........................................................................................................................ 7 1.1 Academic Relevance ................................................................................................. 10 1.2 Managerial Relevance ............................................................................................... 11 1.3 Thesis Outline .......................................................................................................... -
The Crowdfunding Book
Praise for The Crowdfunding Book: If you have a business dream and need a little (or a lot) of cash to get it going, Patty Lennon's insights will be invaluable. - Shawn Hull, Successful Crowdfunder and Owner, Hull’s Happiest Days Designs Until I read Patty Lennon's book, I always thought of crowdfunding as a way to raise money. Once I understood her approach I saw the tremendous marketing potential of crowdfunding. I can't think of a better or more cost-effective way to build a community of people who support you and your message. - Angela Lauria, President, The Author Incubator Patricia Lennon is the source for the crowdfunding industry. This book will help explore the topic and give a better understanding to all who are interested in learning more. - Amanda L. Barbara, Vice President, Pubslush Patty Lennon takes the mystery out of crowdfunding in The Crowdfunding Book. Her practical and engaging approach will help thousands of people launch successful campaigns and raise the funds to realize their dreams. - Brenda Bazan and Nancy Hayes, CoFounders, MoolaHoop THE CROWDFUNDING BOOK: A How-to Book for Entrepreneurs, Writers, and Inventors Patty Lennon The Crowdfunding Book: A How-to Book for Entrepreneurs, Writers, and Inventors Patty Lennon © 2014 Patty Lennon All rights reserved. No part of this book may be reproduced or transmitted in any form or by any means, electronic or mechanical, including photocopying, recording, or any information storage and retrieval system, without permission in writing from the publisher and author. Reviewers may quote brief passages in reviews. Published by Difference Press, Washington DC Difference Press, and the Difference Press wax seal design are registered trademarks of Becoming Journey LLC. -
Crowd Power – Success & Failure, the Key to a Winning Campaign
CROWD POWER Success & Failure: The Key to a Winning Campaign Davinia Cogan and Simon Collings 1 CONTENTS 1.0 Executive Summary ...................................................................................................................................3 2.0 Introduction ....................................................................................................................................................5 3.0 The Layers of Success ..............................................................................................................................7 3.1 Donation .........................................................................................................................................................11 3.1.1 Choosing the Right Platform....................................................................................................................................................................11 3.1.2 The Campaign Period ..................................................................................................................................................................................13 3.1.3 Implementing Campaign Goals & Success into the Future .......................................................................................16 3.1.4 Q&A – Kenya Green Supply ..............................................................................................................................................18 3.2 Reward .......................................................................................................................................................... -
Crowd Funding Summary
Crowd Funding Crowd Funding | Definition : According to the Oxford Dictionary, crowd funding is defined as “the process of funding a project or venture by raising monetary contributions from a large number of people typically via the internet.” Crowd Funding | Background: The first instance of crowd funding occurred in 1997 when a British rock band funded its reunion tour through online donations from fans. Due to this band’s success, a website called ArtistShare became the first crowd funding website. Since crowd funding’s inception, crowd funding has grown at a 74% compounded annual growth rate and as of 2013, receives about 2 billion dollars of funding annually. In the United States, President Barrack Obama signed the Jumpstart Our Business Startups (JOBS) Act into law and in the US, this has legalized and equity crowd funding. In practice, new ventures typically offer different perks and products from the company in return for donations. These perks and products could be merchandize, equity, publicity, and other types of rewards and recognition. Crowd funding is one of the most powerful ways for entrepreneurs to earn funding for their ventures by having access to investors without extreme dilution of their company ownership. (Information retrieved from fundable.com) Crowd Funding | Controversy : Since crowd funding’s genesis, the programs, businesses, and ventures that have sought funding have begun to morph. More recently, people and organizations have sought to fund ventures such as supporting a private invasion to take Fallujah, Iraq back from Isis—and also another venture to support the police officer who shot Michael Brown in Ferguson, Missouri. -
The Sharing Economy: Disrupting the Business and Legal Landscape
THE SHARING ECONOMY: DISRUPTING THE BUSINESS AND LEGAL LANDSCAPE Panel 402 NAPABA Annual Conference Saturday, November 5, 2016 9:15 a.m. 1. Program Description Tech companies are revolutionizing the economy by creating marketplaces that connect individuals who “share” their services with consumers who want those services. This “sharing economy” is changing the way Americans rent housing (Airbnb), commute (Lyft, Uber), and contract for personal services (Thumbtack, Taskrabbit). For every billion-dollar unicorn, there are hundreds more startups hoping to become the “next big thing,” and APAs play a prominent role in this tech boom. As sharing economy companies disrupt traditional businesses, however, they face increasing regulatory and litigation challenges. Should on-demand workers be classified as independent contractors or employees? Should older regulations (e.g., rental laws, taxi ordinances) be applied to new technologies? What consumer and privacy protections can users expect with individuals offering their own services? Join us for a lively panel discussion with in-house counsel and law firm attorneys from the tech sector. 2. Panelists Albert Giang Shareholder, Caldwell Leslie & Proctor, PC Albert Giang is a Shareholder at the litigation boutique Caldwell Leslie & Proctor. His practice focuses on technology companies and startups, from advising clients on cutting-edge regulatory issues to defending them in class actions and complex commercial disputes. He is the rare litigator with in-house counsel experience: he has served two secondments with the in-house legal department at Lyft, the groundbreaking peer-to-peer ridesharing company, where he advised on a broad range of regulatory, compliance, and litigation issues. Albert also specializes in appellate litigation, having represented clients in numerous cases in the United States Supreme Court, the United States Court of Appeals for the Ninth Circuit, and California appellate courts. -
Emerging Technologies and the Democratisation of Financial Services: a Metatriangulation of Crowdfunding Research
Information and Organization 26 (2016) 101–115 Contents lists available at ScienceDirect Information and Organization journal homepage: www.elsevier.com/locate/infoandorg Emerging technologies and the democratisation of financial services: A metatriangulation of crowdfunding research Rob Gleasure ⁎, Joseph Feller Cork University Business School, University College Cork, Ireland article info abstract Article history: Crowdfunding has grown quickly and attracted significant scholarly attention. However, the di- Received 28 January 2016 verse approaches to crowdfunding that have emerged, as well as the uncertain relationship of Received in revised form 7 September 2016 these approaches to the umbrella concept of crowdsourcing, means it is not clear to what ex- Accepted 7 September 2016 tent crowdfunding presents theoretically novel behaviours, nor what those behaviours may be. Available online xxxx This study addresses this lack of clarity through a metatriangulation of 120 peer-reviewed studies on crowdfunding. These studies are distributed across the four dominant categories Keywords: of crowdfunding, namely crowd lending, crowd equity, crowd patronage, and crowd charity. Crowdfunding Research for each category is analysed separately to determine the topics of interest, the dom- Crowdsourcing inant theoretical perspectives, the methods employed, and the typical focus of analysis. We Metatriangulation Financial services bridge these categories to identify three common variables relating to funding behaviours and three relating to impact. Of these, we argue that two are fundamentally novel and under-researched, namely the ‘erosion of organisations' financial boundaries’ and ‘paying to participate’. The implications of these findings are discussed for crowdfunding and crowdsourcing. © 2016 Elsevier Ltd. All rights reserved. 1. Introduction The nature of work, creativity, and innovation has been challenged in recent years with the arrival of the related concepts of peer production (cf. -
Implementing Equity Crowdfunding in the Record
Marketing madness or financial folly? Implementing equity crowdfunding in the record industry Purpose The purpose of this paper is to explore the implementation of equity crowdfunding within the record industry in terms of challenges and opportunities, in addition to the marketing and financial implications for independent music artists and major record labels. Design/methodology/approach This study adopted a qualitative methodology consisting of a two-stage interview-based research methods. A total of 44 semi-structured in-depth interviews were conducted with the CEOs of equity crowdfunding platforms in the record industry, other related record industry informants, independent artist managers and senior executives from major record labels. Findings The loyalty aspect of ECF may have significant marketing potential in terms of inconspicuously using the equity platform as a ‘prosumer’ identification mechanism. As this early career stage of artists is delicate in terms of establishing trust and patronage from their fans, these early marketing and ECF ventures should be implemented directly from the artist without external third-party involvement. Research limitations/implications The implications of this paper’s findings and theoretical model are not limited to the two studied stakeholder groups of the record industry. The insights in relation to the obstinate lack of understanding and clarity (particularly for independent artists) which surround Equity crowdfunding are likely to influence short-term strategic approaches by other players throughout the wider music industry. Practical implications The insights regarding negative approaches towards ECF by the labels may influence future ‘coopetition strategies’ for independent labels as they seek to navigate the changing industry dynamics. Originality/value This paper is the first study to empirically explore the predominantly under-researched area of ECF implementation in the record industry in terms of marketing and financial consequences for artists and labels. -
Crowdfunding Activities by Australian University Staff Jonathan O’Donnell, RMIT University 11 February 2016
Crowdfunding activities by Australian university staff Jonathan O’Donnell, RMIT University 11 February 2016 Table of contents So many numbers! ......................................................................................................................................... 2 Introduction ..................................................................................................................................................... 3 EnGaGement with the public ...................................................................................................................... 4 The importance of the crowd ................................................................................................................... 5 General information on the projects ..................................................................................................... 6 Implications for university fundinG ....................................................................................................... 8 Implications for academics ........................................................................................................................ 9 Conclusion ...................................................................................................................................................... 10 References ...................................................................................................................................................... 11 Attachment 1: CrowdfundinG campaiGns involvinG Australian -
Electronic Funds Writeup
The following information applies to Nevada System of Higher Education and University of Nevada, Reno policy regarding fundraising via sales through credit card apps and website donations: Definitions- Mobile Card Reader: A mobile card reader is a small hardware device that connects to a tablet or smartphone to accept payment from debit or credit cards, essentially turning the device into a mobile point of sale. Credit Card apps include: Square, ROAMpay, PayAnywhere, Intuit GoPayment, PayPal Here and Flint Mobile Reader Crowd funding: The practice of funding a project or venture by raising many small amounts of money from a large number of people, typically via the Internet: Donation websites include: Kickstarter.com, gofundme.com, indiegogo.com, youcaring.com, fundanything.com, pozible.com, and tilt.com Soliciting for donations under the Nevada System of Higher Education – University of Nevada, Reno’s tax exempt status must be tightly controlled in order to ensure compliance with federal laws, including but not limited to, the Internal Revenue Code and Payment Card Industry Data Security Standard (PCI DSS). “All university or university-related funds must be maintained in bank accounts approved by the Board of Regents. Bank accounts outside the university are NOT permitted for any funds relating to university or university-related activities.” University Administrative Manual p. 47 The University provides an option for online donations at: Giving to Nevada will accept all credit or debit card donation for your club account. Please make