Gold from Crowdsourcing
I come from a large family. I have seven siblings and by the time I was a teenager the idea of a family vacation where all ten of us flew to Disneyland was very much out of the family budget.
My father, being the smart guy that he is – did something one year that I’ll remember as one of my first real introductions to the capital markets. He taught my brother and I about the junior resource exploration market, and we saved all the money we made doing household chores and invested together in a gold company. (I still remember the name, Pundata Gold Resources – my $200 investment would later return $1200 so he didn’t steer me wrong). I was maybe 11 years old at this time, and the only kid on my school bus checking my stock prices.
That summer our family vacation consisted of a great motorhome trip to the area near where the gold exploration was occurring in British Columbia. We rode some trail bikes, attempted our luck at gold panning and played poker while camping out in the family motorhome, the only real way to travel with a family of 10. No Partridge family jokes please : )
I was reminded of this story as I read an interesting story about Rob McEwen, then CEO & Chairman of Goldcorp and the Goldcorp Challenge in the book Mavericks at Work.
I’m interested in the different models of architectures of participation, including community production. My previous posts on the topic of crowdsourcing can be found here. In my interview with Hugh from Librivox, I found a great example of community production. In this post I wanted to explore a different model.
In the book the authors describe how Rob McEwen and Goldcorp tried a new method of exploration that was inspired by the open source software communities.
Posted by austin under Community the full article can be read here
