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Monthly Archives: March 2011

Could Affiliate Crowdfunding Be an Alternate Model for Online Advertising?

29 Tuesday Mar 2011

Posted by Venessa Miemis in Uncategorized

≈ 41 Comments

Tags

money + currency

The other day, I noticed that fundraising platform Kickstarter introduced ‘Curated Pages,’ a way for arts and cultural institutions to feature projects they like on the site. As you know, we’re doing our Future of Facebook Project on Kickstarter, and the ability to showcase other projects you think are cool is a neat feature.

The timing this feature rollout was interesting to me, because I had just been thinking it would be fun to be able to be able to highlight projects that resonate with me on my own website. And perhaps receive a small percentage for every transaction that occurred via my site.

Affiliate programs of all stripes exist around the web – I see them a lot for ebooks (zenhabits offers 50% commission to sell his digital products), and then there’s the Amazon Associates program, which lets you earn up to 15% in referrals if you advertise their products.

But here’s an idea I haven’t seen yet – affiliate crowdfunding.

But what if you could support the fundraising efforts for creative projects and initiatives for social good by posting a widget to your site, and earn a small percentage when a donation was made?

Of course, most crowdfunding platforms currently charge between 8 – 10% to use their service already. Kickstarter, for example, charges a 5% fee, plus it passes on the transaction fees charges by Amazon Payments, their payment service of choice. So tacking on an affiliate fee onto that structure may not make sense for the individual or group trying to raise funds. On the other hand, some would argue that every little bit helps.

What would be interesting is a platform that doesn’t automatically charge that 5% flat fee, combined with a transaction platform that doesn’t gouge you for another 3-5%.

I took a look around, and there actually are a few examples of crowdfunding platforms that take no fees. One is Beex.org, an open source challenge based fundraising platform created in PHP/MySQL by a nonprofit, the Sarapis Foundation. They charge no fees for transactions, and the tool works with Paypal. Another service that takes no fees is Kapipal.

I wonder if a service like Beex.org could be modified to allow a user to enter in a % they would take for promoting a crowdfunding campaign on their site. To keep things from getting exploitative, that % would have to be transparent to the public, and would be based on an agreement made by the fundraisers and the affiliate. Then combine that with a payment service, either online or mobile, that charges a very small fee for transactions.

I can think of a lot of projects I would love to see get off the ground – from open source projects to sustainability initiatives to social enterprise and business ideas – all things I believe in. This would be a mechanism that would help get those things funded, while also supporting an affiliate’s effort to promote them. On a larger scale, it would be cool to see this kind of thing appear on huge sites with massive traffic.

Perhaps it would create a category of advertising that directs people’s attention (and microdonations!) in a socially useful way, verse just encouraging people to consume more stuff. 🙂

10 Projects Moving Us Towards a Superfluid Economy

22 Tuesday Mar 2011

Posted by Venessa Miemis in Uncategorized

≈ 31 Comments

Tags

money + currency

Over the upcoming months leading up to the Contact Summit in October, I’ll be highlighting various projects and initiatives working to construct a globally networked society. As humanity and technology co-evolve into higher orders of complexity, it can be said that social media is now facilitating the emergence of new forms of culture, commerce, and governance. We want to bring attention to the great and liberating stuff that’s happening, and encourage connections, conversation, and collaboration.

The past few weeks have been focused on technology infrastructure, starting with the Towards A Distributed Internet post and the resource list of mesh networks, and continuing on with the formation of a Next Net google group that’s thriving with over 90 members already!

We’ll continue to circle back and revisit conversations and progress, but for now I’ll move on to another hot topic: money and value exchange.

What is the future of money? And not just money, but currencies in general – from virtual currencies to timebanks to social currencies based around trust, identity, reputation, expertise and relationships. And not just currencies, a.k.a. tools that are supposed to represent a unit of measurement in order to transact, but also value exchange in general and the social behaviors that precede them.

So we’re really talking about The Superfluid Economy, the set of tools and behaviors that are developing to make economic exchange, transactions, payments, commerce, distributed collaboration, resource allocation, and social enterprise formation as frictionless and fluid as possible.

To kick off the conversation, I pulled up 10 projects that are innovating in this space which are either developing new products and services, or raising awareness through art and media. We’re excited to know that some of the initiatives below will be represented at Contact!

1. The Metacurrency Project


“We will not have an equitable nor a healthy economy in an information age, until we have information technology which empowers us equitably — that is decentralized, peer-to-peer and operates by mutual agreement.”

This project gives a broad definition of currency as “a formal system used to shape, enable or measure currents.” Beyond money, they describe currency as a form of social DNA which shapes flows of attention, trust, participation and value. They seek to build the technology platforms and protocols that would allow people to transact directly with each other with no segment of that interaction relying on a centrally controlled system.

Here’s a nice prezi they created to create a framework for this thinking: Continue reading →

Announcing: Contact Summit Oct 20 in NYC

19 Saturday Mar 2011

Posted by Venessa Miemis in Uncategorized

≈ 6 Comments

Tags

social innovation

“Social media has come to be understood as little more than a marketing opportunity. However, we see it as quite possibly the catalyst for the next stage of human evolution and, at the very least, a way to restore bottom-up participation, p2p value exchange and decentralized innovation to the realms of culture, commerce and government.” – Douglas Rushkoff Continue reading →

Future of Facebook & Open Foresight on FastForward Radio

19 Saturday Mar 2011

Posted by Venessa Miemis in Uncategorized

≈ 1 Comment

Tags

interview, projects

2nd radio interview for the Future of Facebook Project! My partner Alvis Brigis and I got a chance to chat with Phil Bowermaster and Stephen Gordon of FastForward Radio about our project and the Open Foresight process.

Check out the podcast here: http://blog.speculist.com/2011/03/fastforward-radio—-the-future-of-facebook.html

What is the Biggest Threat to Facebook?

16 Wednesday Mar 2011

Posted by Venessa Miemis in Uncategorized

≈ 18 Comments

Tags

projects

As part of The Future of Facebook Project, we’ve been tapping the wisdom of crowds to explore the opportunities and pitfalls for this company and its userbase. We asked the experts 15 questions, and have posted those same questions for the public to answer on Quora.

A few days ago I posted some answers that were given for the question “What are some key issues that could impact the future of Facebook?” Today’s post is on ‘the biggest threat.’

Feel free to post your response here in the comments or on Quora at ‘What is the biggest threat to Facebook?’ We’ll be keeping tabs on the most provocative responses, and inviting those folks to be included in our final video series for the project!

The themes that have been arising through the interview process regarding the biggest threat to Facebook have been varied – some said it could be a major privacy breach, others cited user boredom as the main risk as people search for ‘the next big thing,’ while others said the biggest threat to Facebook is Facebook itself.

Here’s a few of the responses you’ve given so far: Continue reading →

Open Foresight on BBC Radio!

14 Monday Mar 2011

Posted by Venessa Miemis in Uncategorized

≈ 1 Comment

Tags

interview

I had my first radio interview last week, thanks to Jamillah Knowles of the BBC show Outriders! I gave her a little background about Open Foresight and the Future of Facebook Project. The segment is on her Girl Tech page, or you can go straight to the podcast here. (Fast forward to around 14:55).

What is Open Foresight?

07 Monday Mar 2011

Posted by Venessa Miemis in Uncategorized

≈ 19 Comments

Tags

Design

We recently introduced the concept of ‘Open Foresight’ as a process we’re developing to analyze complex issues in an open and collaborative way, and to raise the bar on public discourse and forward-focused critical thinking. It’s a work in progress and constantly evolving, but here are some of the basic principles we’ve developed so far.1) What is Open Foresight?

In simple terms, open foresight is a process for building visions of the future together.

2) The Big Picture Context

If you look around, it’s undeniable that there’s a new global narrative emerging in the way we fundamentally understand ourselves as humanity – how we do business, how we learn, how we generate value together, how we interact. This transformation is being driven both by new communication technologies, and by the emergent behaviors these tools enable. The context of our relationships is shifting, and we still don’t know exactly what that means for us as a species. We’re asking ourselves questions like:

  • What happens when social networks connect us on a global scale?
  • How do new social and virtual currencies challenge our ideas about what money is and how value can be created and exchanged?
  • How can we form globally distributed enterprises and collaborative teams?
  • What do these emerging business models look like?
  • How do we build knowledge together and become more effective learners?
  • How are our notions of democracy and governance evolving?
  • What role do social technologies play in the evolution of human consciousness?

These are all challenging questions, and we don’t know the solutions because we haven’t yet created them.

That may sound terrifying and disruptive, or like an incredible opportunity to shape and bring about the future we deserve. Or, most likely, a bit of both. Continue reading →

5 Key Issues Impacting the Future of Facebook

04 Friday Mar 2011

Posted by Venessa Miemis in Uncategorized

≈ 6 Comments

Tags

Social Media

As part of the Future of Facebook Project and Open Foresight process, we’re asking the crowd for their opinions and forecasts on the same 15 questions we’ve asked our interviewees. Questions are posted on Quora, but can also be answered here on the blog or on our Facebook Page.

Here are some interesting and thought-provoking answers we’ve seen so far. We’ll be integrating our favorites into the final video series, so add your thoughts and join us as producers of the future!

1. Social Graph & Sentiment Data Usage


I believe the biggest issue facing Facebook is how it chooses to use the massive amounts of data it collects on everyone of us. Facebook is a unique window into our minds and has the potential to know what we want even before we do. How it chooses to capitalize on this fact and the tools it builds could propel commerce, content and communication for the next 5 to 10 years.

– John Hazard

2. Partnerships with Brands


Let’s face it – brands are the ones who are bringing the revenue. But as of today, Facebook has a very closed-in environment with very limited support for brands and limited consideration for brands’ needs. They have also been missing some key things brands are looking for (like capability to easily segment audience within one fan page for the brand to avoid defragmented fans base/presence across Facebook, etc).

– Ekaterina Walter

3. Higher Education

The London School of Business is already offering an International MBA delivered via a Facebook App…. The quality of Facebook Higher Education delivery will be no better or worse than current online and blended online and face-to-face courses already being offered by universities. The difference is that instead of using walled off course management tools offered by universities and publishers, Facebook will deliver an open and transparent education that allows more real time interaction and collaboration with experts in the outside world. Students will not be limited by location and will shift to educational brands that deliver quality social experiences online forcing many local and regional Higher Education institutions out of business in the next five years. The world will truly be the classroom.

– Dr. William J. Ward

4. Signal to Noise Ratio

I think a major issue going forward for Facebook, and other social sites, will be finding a better way to sift out relevant posts from noise. We’re all guilty of following / friending more people than we actually care about. Social graphs contain invaluable personal data; being able to analyze that data and make content more meaningful, contextual and separate value from the noise will be critical as social networks continue to explode .

– Mike Beauchamp

5. How We See Ourselves and the World

…my focus tends to be on the utility of FB and its popularity as a vehicle for emergent properties… it will be interesting to not only see how social media continues to play a part in physical protests against oppressive governments worldwide, but how that same spirit of revolution loops back into the virtual world and online psyche – a place where we are only beginning to understand the implications of global connectivity (i.e. virtual cities of thought/memes that supercede physical city, national, corporate and cultural boundaries; open source educational models and the reframing of “learning”; speculative gaming as a means for simulation/big picture solutions; etc.).

– Frank W. Spencer IV

—-

Add your views to the Future of Facebook Project topic on Quora!

Check out our kickstarter video here

Thanks to Producers Sean Park, Dr. William Ward, and Debra Farber, and to all supporters of the Future of Facebook Project!

Announcing: Open Foresight & The Future of Facebook Project

01 Tuesday Mar 2011

Posted by Venessa Miemis in Uncategorized

≈ 80 Comments

Tags

projects, Video

In a world characterized by increasing complexity and accelerating change, we need tools that help us understand future possibilities in order to make more informed decisions today. The field of Futures Studies, or Strategic Foresight, has already developed many such tools, but they are still not commonly utilized by the general public.

So, I’ve partnered up with a colleague, Alvis Brigis, to help elevate the ‘futures thinking’ meme. We’re developing a process called Open Foresight, which aims to serve as an updated model for harvesting collective insight, generating scenarios, and creating strategic roadmaps into the future.

By combining available data, opinions from the experts, and the conventional wisdom of the crowds, we’ll be able to analyze a topic from a wide range of perspectives and viewpoints. We’ll then distill that down into a series of animation-rich videos that summarize these insights. The methodologies used will help us all gain a better understanding of the risks, opportunities, and implications surrounding the issues important to us. All of the content we collect will be made available via Creative Commons SA by-cc so that it can be reused, remixed, and built upon by others.

The first project to employ this framework was launched on Kickstarter today – The Future of Facebook video series.  (video above) Using the STEEP forecasting methodology, we’ll be viewing the challenges and opportunities for this company through the lenses of Society, Technology, Environment, Economics, and Politics. Each of these five categories will become a short focus video that fleshes out that topic area. The final video will be a big picture overview of the potential pathways for the evolution of Facebook.

by @EricaGlasier

Interviews are still underway, but here’s a look at who we’ve talked to so far:

  • David Armano – SVP, Edelman Digital
  • Stowe Boyd – futurist, social technologies blogger
  • Jamais Cascio – ethical futurist, Senior Fellow of the IEET
  • Amber Case – co-founder Geoloqi
  • Suzanne Fischer – Curator of Technology, The Henry Ford
  • Garry Golden – energy and emerging markets futurist
  • Alex Howard – Government 2.0 Correspondent for O’Reilly Media
  • Kevin Kelly – author, What Technology Wants; founding editor, Wired Magazine
  • Brett King – author, BANK 2.0
  • Rita J King – Innovator-in-Residence IBM Analytics Virtual Center
  • David Kirkpatrick – author, The Facebook Effect
  • Valdis Krebs – founder, Orgnet; network analysis expert
  • Richard MacManus – founder, ReadWriteWeb
  • Om Malik – founder, Giga Omni Media
  • Eghosa Omoigui – Venture Capital & Private Equity
  • Howard Rheingold – author, Smart Mobs
  • Douglas Rushkoff – author, Program or Be Programmed
  • Doc Searls – author, Cluetrain Manifesto
  • David Siegel – author, Pull
  • John Smart – President, Accelerating Studies Foundation
  • Scott Smith – founder, Changeist
  • Nova Spivack – founder, Lucid Ventures
  • Sibley Verbeck – founder, The Electric Sheep Company

by @gavinkeech

To launch the public arm of the project, we’ve posted the same 15 questions we asked all interviewees onto Quora. We’ll be monitoring the topic for the most insightful and provocative answers you’ve got. The people with our favorite answers will be invited to participate in an interview with us for inclusion in one of the final videos. You can add your visions to “The Future of Facebook Project” topic here.

We’ve also created a Facebook page, aptly named “Future of This Social Network.” 😉 Please follow our developments, video releases, and conversations there as well as on Twitter with the hashtag #fofb.

We hope this will be the first of many upcoming foresight projects that teach us to better harness our collective intelligence to understand complex issues in a way that’s open, collaborative, and fun.

Please help us develop this initiative by supporting the Future of Facebook project on Kickstarter and contributing your thoughts and insights through the various channels listed above.

We’re looking forward to developing Open Foresight with you!

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