Comments on: Crowds are stupid – I am sick of the "Wisdom of Crowds" ideas and Web 4.48 funding continues unabated. http://howardlindzon.com/crowds-are-stupid-i-am-sick-of-the-wisdom-of-crowds-ideas-and-web-448-funding-continues-unabated/ Just another WordPress site Mon, 13 Feb 2012 02:08:00 +0000 hourly 1 http://wordpress.org/?v=3.2.1 By: Andre Ribeirinho http://howardlindzon.com/crowds-are-stupid-i-am-sick-of-the-wisdom-of-crowds-ideas-and-web-448-funding-continues-unabated/#comments-5675 Andre Ribeirinho Sun, 24 Sep 2006 13:49:26 +0000 http://howardlindzon.com/?p=1057#comment-5675 TechCrunch has exactly the Wisdom of Crowds problem. Sometimes it does not apply. Each post and it's comments at TechCrunch are a quick and dirty summary trial of an online service. Based on a set of rules that the community has defined has "good", each website is quickly analysed. It gets more points for having RSS but it gets less points for not having a nice Web2.0 design. Users prove a business, not TechCrunch. TechCrunch has exactly the Wisdom of Crowds problem. Sometimes it does not apply.

Each post and it’s comments at TechCrunch are a quick and dirty summary trial of an online service.

Based on a set of rules that the community has defined has “good”, each website is quickly analysed. It gets more points for having RSS but it gets less points for not having a nice Web2.0 design.

Users prove a business, not TechCrunch.

]]> By: BDG123 http://howardlindzon.com/crowds-are-stupid-i-am-sick-of-the-wisdom-of-crowds-ideas-and-web-448-funding-continues-unabated/#comments-5674 BDG123 Wed, 20 Sep 2006 15:57:08 +0000 http://howardlindzon.com/?p=1057#comment-5674 Crowds and mass movements are really no different. It's the same psychology. http://tinyurl.com/fslmy Crowds and mass movements are really no different. It’s the same psychology.

http://tinyurl.com/fslmy

]]> By: Howard Lindzon http://howardlindzon.com/crowds-are-stupid-i-am-sick-of-the-wisdom-of-crowds-ideas-and-web-448-funding-continues-unabated/#comments-5673 Howard Lindzon Wed, 20 Sep 2006 12:43:41 +0000 http://howardlindzon.com/?p=1057#comment-5673 It is a lot of money. It is a lot of money.

]]> By: Jordan Glasner http://howardlindzon.com/crowds-are-stupid-i-am-sick-of-the-wisdom-of-crowds-ideas-and-web-448-funding-continues-unabated/#comments-5672 Jordan Glasner Wed, 20 Sep 2006 12:26:46 +0000 http://howardlindzon.com/?p=1057#comment-5672 Spot on wrt to ridiculous amounts of funding. I'd put that $7.5 mil into an incubator and crush most of these web 2.0 dreams. How did we end up back to where revenue doesn't matter? Spot on wrt to ridiculous amounts of funding. I’d put that $7.5 mil into an incubator and crush most of these web 2.0 dreams.

How did we end up back to where revenue doesn’t matter?

]]> By: Eddie Daroza http://howardlindzon.com/crowds-are-stupid-i-am-sick-of-the-wisdom-of-crowds-ideas-and-web-448-funding-continues-unabated/#comments-5671 Eddie Daroza Wed, 20 Sep 2006 05:32:13 +0000 http://howardlindzon.com/?p=1057#comment-5671 Sooo right on! When was the last time you found an investment on CNBC? Crowds are RETARDED, with a huge tarded. Best post I have read in a few days at HL.com. Sooo right on! When was the last time you found an investment on CNBC? Crowds are RETARDED, with a huge tarded. Best post I have read in a few days at HL.com.

]]> By: Andy http://howardlindzon.com/crowds-are-stupid-i-am-sick-of-the-wisdom-of-crowds-ideas-and-web-448-funding-continues-unabated/#comments-5670 Andy Wed, 20 Sep 2006 01:48:13 +0000 http://howardlindzon.com/?p=1057#comment-5670 Good post. I disagree a little bit, only because I think there is validity in the wisdom of PROVEN crowds. Hopefully they are using statistical techniques (like BETA) to determine that the "genius" group is indeed more than lucky. It's something us stock guys are fairly obsessed with :) Personally, I would think that when it comes to sports betting, the better approach might be to find the exact opposite....the ones that never win. I have a friend like that, and I'll often bet the opposite of his "locks". It works. Good post. I disagree a little bit, only because I think there is validity in the wisdom of PROVEN crowds. Hopefully they are using statistical techniques (like BETA) to determine that the “genius” group is indeed more than lucky. It’s something us stock guys are fairly obsessed with :)

Personally, I would think that when it comes to sports betting, the better approach might be to find the exact opposite….the ones that never win. I have a friend like that, and I’ll often bet the opposite of his “locks”. It works.

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