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NOVEL ENTREPRENEURSHIP FACILITIES —
AND HOW THESE MAY RESHAPE THE
PROFESSION OF WEB ENTREPRENEUR

Eric Mousset
T3CON12-Asia, 17th August 2012
Two questions about
web entrepreneurship:


1.  Where are we at?
2.  In which direction are we moving?
WEB ENTERPRISE
— conventional paradigm

1– Human Capital

  HR specialized according to various stages and
   support processes of the web enterprise value chain.

      Value chain’s primary processes: requirement analysis;
       graphic design; web development; quality assurance

      Value chain’s support processes: HR; accounting; business
       development; I.T. support
WEB ENTERPRISE
— novel facilities

1– Human Capital…
… may be outsourced
… even crowdsourced
  Most value chain functions may now be externalized
   … … and sourced through online outsourcing and
   crowdsourcing marketplaces, e.g.

      Freelancer.com; oDesk.com; Elance.com; Guru.com;
       PeoplePerHour.com; Freelance.com; 99designs.com;
       Amazon Mechanical Turk (mturk.com);
       crowdSPRING.com; etc.
WEB ENTERPRISE
— conventional paradigm

2– Innovation Capital

  is an internalized asset

  resulting from an organisational culture fostering
   creativity and knowledge management
WEB ENTERPRISE
— novel facilities

2– Innovation Capital …
… may be crowdsourced
  Innovation becomes an on-demand asset …

  … sourced through crowdsourcing marketplaces

      InnoCentive.com; chaordix.com; kluster.com;
       openinnovation.net; etc.
WEB ENTERPRISE
— conventional paradigm

3– Financial Assets

  raised along traditional entrepreneurial cycle and
   capitalization rounds, turning to financial backers such
   as:
      the founders of the enterprise,

      business angles,

      venture capital funds,

      etc.
WEB ENTERPRISE
— novel facilities

3– Financial Assets…
… through crowdfunding
  Business ideas are submitted to crowdfunding websites
   and reach out to crowds of potential funders.

  Typically used to help early-stage startups access
   finance.

      Examples: Kickstarter.com; AngelList (angel.co);
       Crowdfunder.com; WeFunder.com; Indiegogo.com;
       Kiva.org; etc.
These novel
entrepreneurship facilities:



   hold a “disruptive” power,

   blurring the boundaries of the enterprise

   challenging the theory of the firm and the traditional
    approach of strategic management
Three Case Studies:

1.  Crowdsourcing: Microsoft Security Essentials
   turning to utest for a test campaign
2.  Open innovation — How EnterpriseWorks
   turned to InnoCentive to solve a rainwater
   collection problem
3. Crowdfunding — online advocacy and
   legislative data platform Popvox turned to
   crowdfunding site appback
Microsoft Security Essentials

1.    Test lead for Microsoft Security Essentials turns to
      crowdsourcing service provider utest to help
      implement test cycles.

2.    A sample of testers is selected among utest’s crowd of
      20,000+ testers

3.    Test cycle #1: exploratory testing

4.    Test cycle #2-#3-#4: installation-upgrade-regression
Solving a rainwater
collection problem
1.    EnterpriseWorks turns to InnoCentive

2.    Challenge: Provide a safe, low cost rainwater collection
      and storage system (no more than USD 20)

3.    Challenge award: US$ 15,000 implying transfer of
      intellectual property rights to EnterpriseWorks

4.    1,200 InnoCentive Solvers indicated interest

5.    164 proposals collected, in 60 days

6.    A German inventor, whose company specialises in the
      design of tourist submarines, wins by proposing the
      simplest design: a double plastic bag!
Mobile application for
legislative data
1.    CEO of Popvox Marci Harris, a nonpartisan platform for
      advocacy and legislative data, plans to create a
      mobile version of Popvox for Congress to use.

2.    Popvox turns to appbackr. Within two months of posting
      their app in the appbackr marketplace, Popvox had
      raised $30,000 from 30 different investors.

3.    Investors collected returns through the
      commercialisation revenues of Popvox.
Market Data


1.  Crowdfunding market
2.  Crowdsourcing market
3.  Testing market
Market Data
1.     Crowdfunding market, 2011 estimates (according to
       Crowdsourcing.org Industry Report 2012)”:

          US$M 112.6 equity raised
          82% from within North America
          Funds raised in North America grew by 90% per year

2.     Crowdsourcing market, 2011 estimate (InfoDev/WBG):

          Around US$M 100


3.     Global software testing market, 2011 estimate:

          US$B 20
Which
Opportunities?

1.  For Web entrepreneurs
2.  For Web development professionals
3.  For the Typo3 community
For Web Entrepreneurs:
1.     Develop and operate Cambodia’s premier
       crowdsourcing platform!

          web development
          testing
          localisation

2.     Develop and operate Cambodia’s premier
       software/system requirements engineering
       platform.

3.     Develop and operate Cambodia’s premier
       ideation and challenge platform.
For local Web Developers:


1.    Upgrade and become a web entrepreneur yourself, by
      leveraging crowdfunding, crowdsourcing, and
      ideation!

2.    Choose your preferred lifestyle and environment, i.e.
      company vs freelance.
For the Typo3 Community:

1.     Evolve the Typo3 platform to integrate additional core
       capabilities that are relevant to outsourcing/
       crowdsourcing/crowdfunding business paradigms:
          fund management
          social network management
          accountability and liability management

2.     Build capacity within the Typo3 community to better
       connect with outsourcing/crowdsourcing/
       crowdfunding facilities

3.     Consider developing partnerships with financial
       institutions, in order to combine I.T. and financial
       engineering.
Questions

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T3CON12 Asia – Eric Mousset

  • 1. NOVEL ENTREPRENEURSHIP FACILITIES — AND HOW THESE MAY RESHAPE THE PROFESSION OF WEB ENTREPRENEUR Eric Mousset T3CON12-Asia, 17th August 2012
  • 2. Two questions about web entrepreneurship: 1.  Where are we at? 2.  In which direction are we moving?
  • 3. WEB ENTERPRISE — conventional paradigm 1– Human Capital   HR specialized according to various stages and support processes of the web enterprise value chain.   Value chain’s primary processes: requirement analysis; graphic design; web development; quality assurance   Value chain’s support processes: HR; accounting; business development; I.T. support
  • 4. WEB ENTERPRISE — novel facilities 1– Human Capital… … may be outsourced … even crowdsourced   Most value chain functions may now be externalized … … and sourced through online outsourcing and crowdsourcing marketplaces, e.g.   Freelancer.com; oDesk.com; Elance.com; Guru.com; PeoplePerHour.com; Freelance.com; 99designs.com; Amazon Mechanical Turk (mturk.com); crowdSPRING.com; etc.
  • 5. WEB ENTERPRISE — conventional paradigm 2– Innovation Capital   is an internalized asset   resulting from an organisational culture fostering creativity and knowledge management
  • 6. WEB ENTERPRISE — novel facilities 2– Innovation Capital … … may be crowdsourced   Innovation becomes an on-demand asset …   … sourced through crowdsourcing marketplaces   InnoCentive.com; chaordix.com; kluster.com; openinnovation.net; etc.
  • 7. WEB ENTERPRISE — conventional paradigm 3– Financial Assets   raised along traditional entrepreneurial cycle and capitalization rounds, turning to financial backers such as:   the founders of the enterprise,   business angles,   venture capital funds,   etc.
  • 8. WEB ENTERPRISE — novel facilities 3– Financial Assets… … through crowdfunding   Business ideas are submitted to crowdfunding websites and reach out to crowds of potential funders.   Typically used to help early-stage startups access finance.   Examples: Kickstarter.com; AngelList (angel.co); Crowdfunder.com; WeFunder.com; Indiegogo.com; Kiva.org; etc.
  • 9. These novel entrepreneurship facilities:   hold a “disruptive” power,   blurring the boundaries of the enterprise   challenging the theory of the firm and the traditional approach of strategic management
  • 10. Three Case Studies: 1.  Crowdsourcing: Microsoft Security Essentials turning to utest for a test campaign 2.  Open innovation — How EnterpriseWorks turned to InnoCentive to solve a rainwater collection problem 3. Crowdfunding — online advocacy and legislative data platform Popvox turned to crowdfunding site appback
  • 11. Microsoft Security Essentials 1.  Test lead for Microsoft Security Essentials turns to crowdsourcing service provider utest to help implement test cycles. 2.  A sample of testers is selected among utest’s crowd of 20,000+ testers 3.  Test cycle #1: exploratory testing 4.  Test cycle #2-#3-#4: installation-upgrade-regression
  • 12. Solving a rainwater collection problem 1.  EnterpriseWorks turns to InnoCentive 2.  Challenge: Provide a safe, low cost rainwater collection and storage system (no more than USD 20) 3.  Challenge award: US$ 15,000 implying transfer of intellectual property rights to EnterpriseWorks 4.  1,200 InnoCentive Solvers indicated interest 5.  164 proposals collected, in 60 days 6.  A German inventor, whose company specialises in the design of tourist submarines, wins by proposing the simplest design: a double plastic bag!
  • 13. Mobile application for legislative data 1.  CEO of Popvox Marci Harris, a nonpartisan platform for advocacy and legislative data, plans to create a mobile version of Popvox for Congress to use. 2.  Popvox turns to appbackr. Within two months of posting their app in the appbackr marketplace, Popvox had raised $30,000 from 30 different investors. 3.  Investors collected returns through the commercialisation revenues of Popvox.
  • 14. Market Data 1.  Crowdfunding market 2.  Crowdsourcing market 3.  Testing market
  • 15. Market Data 1.  Crowdfunding market, 2011 estimates (according to Crowdsourcing.org Industry Report 2012)”:   US$M 112.6 equity raised   82% from within North America   Funds raised in North America grew by 90% per year 2.  Crowdsourcing market, 2011 estimate (InfoDev/WBG):   Around US$M 100 3.  Global software testing market, 2011 estimate:   US$B 20
  • 16. Which Opportunities? 1.  For Web entrepreneurs 2.  For Web development professionals 3.  For the Typo3 community
  • 17. For Web Entrepreneurs: 1.  Develop and operate Cambodia’s premier crowdsourcing platform!   web development   testing   localisation 2.  Develop and operate Cambodia’s premier software/system requirements engineering platform. 3.  Develop and operate Cambodia’s premier ideation and challenge platform.
  • 18. For local Web Developers: 1.  Upgrade and become a web entrepreneur yourself, by leveraging crowdfunding, crowdsourcing, and ideation! 2.  Choose your preferred lifestyle and environment, i.e. company vs freelance.
  • 19. For the Typo3 Community: 1.  Evolve the Typo3 platform to integrate additional core capabilities that are relevant to outsourcing/ crowdsourcing/crowdfunding business paradigms:   fund management   social network management   accountability and liability management 2.  Build capacity within the Typo3 community to better connect with outsourcing/crowdsourcing/ crowdfunding facilities 3.  Consider developing partnerships with financial institutions, in order to combine I.T. and financial engineering.