Web 2.0 trends: startups will rely more and more on crowdsourcing

Posted on August 5, 2007
Filed Under web 2.0 news |

In the last few months I have observed few interesting tendencies that seem to characterize Web 2.0. First of all the number of applications that are launched every day seems to have tripled since the beginning of the century. Second, only 20% of all of them are able to generate 80% of profits (and maybe even more than 80%). Third, thekey to develop succesfull startups is: crowdsourcing.

It is out of the scope of this blog to describe what crowsourcing is so let me provide a standard definition of it:

Crowdsourcing is a neologism for the act of taking a job traditionally performed by an employee or contractor, and outsourcing it to an undefined, generally large group of people, in the form of an open call. For example, the public may be invited to develop a new technology, carry out a design task, refine an algorithm or help analyze large amounts of data.

I believe that startups will rely more and more on clients/users to develop new business.

Social applications are the first step towards new business models. What I can’t still understand about the stage of the Web we are in, is why so few people are able to develop profitable business models. It seems that there is a gap between engineers and economists, which we have discussed some time ago on businesshackers.

My prediction for the nearest future is that only 2-3% of startups will succeed. I hope you guys will be in charge of some of them.

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Comments

4 Responses to “Web 2.0 trends: startups will rely more and more on crowdsourcing”

  1. Lena on August 5th, 2007 10:20 pm

    You should read Wire to have an idea about it. It’s definitely something to read about.

  2. Daniel Cussen on August 6th, 2007 9:50 am

    I believe 2-3% is pessimistic. That’s probably the percentage of startups that will ultimately make their founders rich and famous. I figure a lot of startups will exit modestly and make their founders more money than they would have made working for big companies.

  3. Francesc on August 6th, 2007 11:19 am

    Hi

    Congratulations for you interesting posts and information.

    I think you’d be interested in knowing that we have just created and building a social news site focused on business innovation issues ( Innovation News ), where I have just submitted the reference to one of your posts. You can now participate, submit and promote your or others posts and news to our community or let your readers submit them, achieving a higher exposure.

    If you have any doubt or suggestion, do not hesitate to contact me

    Thanks and regards

    Francesc

  4. Stalkk.ed Bookmarks del 9 Agosto 2007 [del.icio.us] | Stalkk.ed on August 9th, 2007 10:10 am

    [...] Web 2.0 trends: startups will rely more and more on crowdsourcing - Il numero di applicazioni che ogni giorno vengono lanciate sul Web sembrano triplicate rispetto all’inizio del secolo. Solo il 20% di esse generano l’80% dei profitti. Il crowdsourcing è uno dei sottostanti trends in essere. [...]

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