Alice Schroeder: Hollywood Model Could Create New Stars in R&D
As usual, Alice’s Bloomberg column is a good read. Check out her new article, “Hollywood Model Could Create New Stars in R&D“.
This entry was posted on Wednesday, June 29th, 2011 at 10:33 AM and is filed under community production, crowdsourcing, people, Science & Technology. You can follow any responses to this entry through the RSS 2.0 feed.
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What this actually means is the “research” which does not produce a product goes unpaid. Whereas in the past, all work was paid whether it wons the “flyoff” or not – which is more fair.
Crowd sourcing is not the silver bullet nor it works 100% of the time. But It is also not as simplen or one sided as you presented. Many good have come out of crowd source or the open source, etc movements.
Let’s hear you say that as one of the many engineers whose hard work goes un-remunerated. The ratio of a traditional “Hollywood” model ranges from 5-to-1 to 11-to-1, typically around 10-to-1. Only works out well for the “1”.
btw, the “Hollywood model” is a fancy VC euphemism for a gamble.
I personally don’t enjoy replying to anonymous comment from people who won’t even give their first name. I have a thing with people who can’t and won’t stand behind their own comments.
Now, I hate to sound rude but have you followed the crowdsourcing advancement and success stories at all or are you commenting from your gut?
Have a read of this four years old 2007 example.
I believe informed discussion add insights. Unfortunately, I am not seeing much insight here. Please read more first before rushing to judgement.