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	<title>The 5th Estate: Citizen News &#187; crowdsourcing</title>
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	<description>How economics, open source, digitization, and the 21st century are transforming journalism by Barbara K. Iverson</description>
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		<title>In The New York Times Magazine: Quirky.com</title>
		<link>http://www.biverson.com/5th-estate/2009/09/in-the-new-york-times-magazine-quirky-com/</link>
		<comments>http://www.biverson.com/5th-estate/2009/09/in-the-new-york-times-magazine-quirky-com/#comments</comments>
		<pubDate>Fri, 11 Sep 2009 14:03:30 +0000</pubDate>
		<dc:creator>Barbara Iverson</dc:creator>
				<category><![CDATA[Examples]]></category>
		<category><![CDATA[New business models]]></category>
		<category><![CDATA[Open Source v. Proprietary]]></category>
		<category><![CDATA[collectives]]></category>
		<category><![CDATA[crowdsourcing]]></category>
		<category><![CDATA[manufacturing]]></category>

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		<description><![CDATA[In The New York Times Magazine: Quirky.com. Quirky.com lets inventors put out an idea. The &#8220;drawing board&#8221; is crowd sourced. Anyone can comment on ideas. For $99 you can submit an idea which is then honed through iterations. When the production deals are worked out with manufacturers and suppliers, the idea goes &#8220;public&#8221; and it [...]]]></description>
			<content:encoded><![CDATA[<p><a href="http://www.murketing.com/journal/?p=3962">In The New York Times Magazine: Quirky.com</a>.</p>
<p>Quirky.com lets inventors put out an idea. The &#8220;drawing board&#8221; is crowd sourced. Anyone can comment on ideas. For $99 you can submit an idea which is then honed through iterations. When the production deals are worked out with manufacturers and suppliers, the idea goes &#8220;public&#8221; and it must receive enough &#8220;pre-orders&#8221; to be put into production.</p>
<p>Quirky puts 30% into the community. The rest goes to the originator, except for a &#8220;sliver&#8221; of the pie that goes to influencers. You can get a cut of the pie by building up sales of a product, too.</p>
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