>when all they did is provide the platform, and store the data.
Is there not significant innovation and benefit that was designed and implemented in the first place that caused users to contribute their time, thought and energy?
I think the real problem here is when organizations that rely on a crowd-sourced business models decide they just have to be billionaires or solve all the worlds problems with their platforms, instead of just staying true to their model. I don't see what's wrong with just running a highly successful business that makes money for it's founders and doesn't have to go out and strive every day to be the next Facebook or Google.
Make no mistake. Platforms like Reddit and Stackoverflow are real, serious businesses. But why can't they exist and be a general successful business like your local mom and pop restaurant or toy store or whatever?
I run RadioReference.com and Broadcastify, both which are significant businesses but also rely almost solely on crowd sourced data and content. We're wildly successful - but I've never seen the need to hire 3,000 people, or IPO, or do series raises to expand into solving world peace. Our premium subscription pricing has been the same for 15 years. I completely eliminated advertising on one of the platforms last year. We make a lot of money. We provide a lot of value to our communities, and we carefully innovate and expand to provide value. It's a nice happy life for everyone involved, and I don't have to deal with a VC who will be determined to either make a trillion dollars or torpedo my business.
Is there not significant innovation and benefit that was designed and implemented in the first place that caused users to contribute their time, thought and energy?
I think the real problem here is when organizations that rely on a crowd-sourced business models decide they just have to be billionaires or solve all the worlds problems with their platforms, instead of just staying true to their model. I don't see what's wrong with just running a highly successful business that makes money for it's founders and doesn't have to go out and strive every day to be the next Facebook or Google.
Make no mistake. Platforms like Reddit and Stackoverflow are real, serious businesses. But why can't they exist and be a general successful business like your local mom and pop restaurant or toy store or whatever?
I run RadioReference.com and Broadcastify, both which are significant businesses but also rely almost solely on crowd sourced data and content. We're wildly successful - but I've never seen the need to hire 3,000 people, or IPO, or do series raises to expand into solving world peace. Our premium subscription pricing has been the same for 15 years. I completely eliminated advertising on one of the platforms last year. We make a lot of money. We provide a lot of value to our communities, and we carefully innovate and expand to provide value. It's a nice happy life for everyone involved, and I don't have to deal with a VC who will be determined to either make a trillion dollars or torpedo my business.