Sometimes, Automatic Scripting Errs

One of the many problems plaguing crowdsourced traffic data are the errors. Part of this is due to Google partnering with Waze, a mobile app that crowdsources traffic data from users on the road. Sure, Interstate 5 is a very long freeway and it spans across the western US coast. Given the masses of regional data that Google has at its disposal, one would think that having a traffic incident related to the King County metro area wouldn't show up in the Portland/Clark County metro area, 170 miles away. Why this incident shows up at the Washington/Oregon border is anyone's guess.

In the Waze smartphone app, users can indicate the speed and flow of the route they are currently on. An incident happening on I-5, might not actually be in Seattle but be somewhere on the Portland portion of I-5. For example:

2015-01-20, a Seattle incident reported in Portland

Book Review: The Crowdfunding Bible

Crowdfunding is a popular means of starting up a business or funding a project. In 2011, $1.5 B was raised through crowdfunding and $2.8 B was projected to be raised in 2012. Equity-based crowdfunding, where a portion of the company's future profits are up for grabs, is becoming more prolific. The question that remains to be answered is how much funding can be raised without registered brokerage firms before the SEC steps in and regulates this type of financing activity.

This free ebook comes from Scott Steinberg, who is the author of "Crowdfunding Businesses and Startups: The Ultimate Guide", a Huffington Post article which is a harmless plug for the book. There's also an accompanying video.

Crowdfunding and crowdsourcing are not new models; but I have taken an added interest in it because there is quite a lack of business and marketing support for those who do get their projects or startups funded this way. I like how this book is structured and it has a whole section dedicated to questions that entrepreneurs need to be asking of not just their own projects but also the ones that were successfully funded. Even if you get funded it doesn't mean that your project will succeed with its deliverables.

It was also interesting to see how quickly funding can be eaten away by unforseen risks. The example posed in the book is of Warballoon Studios that raised $37k to make iOS and Android game Star Command.

What's good about the book is that it offers solid pre- and post-funding project planning ideas and tips for each stage of crowdfunding, from creating an effective video pitch to building effective rewards. The best part was the Q&A section of the entrepreneurs who got funded.

Read more?
VentureBeat's Kickstarter failures infographic (41% of projects fail, even when funded)