Courtesy of Mish.
Crowdsourcing Hype
Robots and artificial Intelligence will destroy 5.1 million jobs by 2020 says a study on the “Future of Jobs“.
Crowdsourcing was one of the big factors noted in the study.
My comment last Friday was “I suspect crowdsourcing is one of those things with huge potential that never really flies because there is no money in it for anyone.”
More accurately, I should have said “no net money for anyone but the promoters”.
This weekend, readers emailed a series of article on a cwowdsourcing that I had not seen.
Crowdsourced Zano Implodes
Please consider the January 18 Media.Com article How Zano Raised Millions on Kickstarter and Left Most Backers with Nothing.
The gist of the story is one of Zano, a drone-maker that sought to raise $190,000 to put a prototype into production. The company raised millions but the drones could not fly.
Said one person involved: “I unpacked my Zano and tried to fly it indoors, as I guess most people did. It really didn’t go very well at all, banging into the wall. So I took it down to a local park and tried to fly it there. After 10 or 15 seconds, it would just go off and do its own thing, zipping off sideways until it got out of range. Basically, it was just awful. The video was pretty poor quality too.”
The promotional videos displayed smooth, professional shots.
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