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From my network comes a question to LinkedIn Answers, a new feature inspired by Yahoo Answers, but where you limit your respondents to your network with closed questions, or the whole LI Community through open questions.
Ronald Woepereis was asking today:
"How will you spend 3.5 million dollars?
My first question on linkedin was "how can i promote doing nothing?". My former collegue Sandeep Kundra said:
'Hi Ron:
I think I am with David Keim on the answer to your question. When there are no other obvious answers, show how large amounts of money can be made doing nothing. That should be a sufficient push for more creative answers on how to promote doing nothing.
Best regards
Sandeep'This was such an inspiration, that i decided to create my first multi-million dollar deal this summer 2007. I read the story of YouTube, and decided 3.5 million dollars is a wonderful amount of money.
So now i am looking for an outlet. I have all the contacts. Now it is up to you.
What will you do with 3.5 million dollars? Remember, money must flow.
First there is an outlet. Next there is a need for the money. Third is where the money flows in.
How will you spend 3.5 your million dollars?"
Since the links supporting your "expertise answer" is three in the form there, and since the answer is limited to 4 000 characters, I repost the answer here, with link references directly attached!
Peace,
Anders
Reposting and addendum with links:
"Spending corresponds to consumption.
Investing corresponds to production.
Is there a conceputal fusion luring in the Spending vs Investing?
Invending?
Sevesting?
Without falling deeper into the trap of neologisms, it's better to go from esoteric to exoteric:
Downright Practical!
Channeling in eight spots (there might be five or three as top X, but definitely not top ten since that is outmoded as a brand and also is not a Fibonacci Number :). And the dendrites in our nervous cells gives inputs, but there is only one output to the Axon, so you should limit yourself for every roadblock to maximum eight, otherwise you get a information traffic jam :).
You communicate to my intuition, Ron, so now I just call attention from it all the way and make a further Top Of Mind flow.
Focus: Institutional Transformation and Creating Arenas for Dialogue - especially offline. Online is a bliss, but offline really makes it go Deep in change!
So:
Investing in the World Citizen Investors that focus Creating Global Prosperity would be best use!1. Scholarship foundation to get start capital for those who want to start a local Muhammad Yunus Support Association/Ashoka chapter to spread further inter-action for micro-entrepreneurship wherever applicable!
2. Campaigning !!Google+Skype+Fon+FirstMileSolutions+Ebay!! to make every hundredth of the Google share of the daily commercial sponsor clicks move towards a new joint investment fund where the investment in Local Communities - 2 million villages/parts of towns comes of maybe 3 000+ people each in average - goes towards micro-entrepreneur/education/health hot-spots empowered with Wireless Internet!
- http://www.google.org
- http://accessories.skype.com/landingpage?p=4570&page=wifi
- http://www.fon.com
- http://www.firstmilesolutions.com
- http://pages.ebay.com/storefronts/seller-landing.html
3. Innovating a system add-on to make a good leverage of Wikipedia as the global free textbook for teacher's everywhere, by have a new Wikipedia platform for teacher's guides and pupil's exercises given away for free!
- http://en.wikipedia.org/wiki/Education
- http://www.ted.com/tedtalks/tedtalksplayer.cfm?key=n_negroponte&gclid=CNyls8Xum4kCFSc7MAodLWNcPQ
- http://laptop.media.mit.edu/
4. Investing in E+Co to have their fund recruiting managers increasing capacity to generate more financial capital for their Solar Home System's/Micro-Hydro/whatever small-scale distributed renewable energy everywhere mission and self-committed assignment!
5. Campaigning Virgin new franchise on new climate investment fund to invest in susainable biodiesel flight fuel!
- http://www.virgin.com/news/default.asp?sy=2003&ey=2006&sm=6&em=9&cid=0&nr=12&p=1&kwd=-&newsId=786
- http://www.worldchanging.com/archives/004164.html
- http://www.changethis.com/9.Biodiesel
6. Campaigning RED team to not only invest in Global Fund for AIDS, tubercolosis and Malaria, but also to increase capacity with fund recruitment managers with the International Aids Vaccine Institute to get a Long-term, sustaining, solution to the HIV/AIDS catastrophic and devastating range of implosion of the whole African Continent!
7. Investing in innovative solutions for manufacturing, distribution and marketing of the agricultural modernization tool step One - the Pickaxe - going together with small-scale water innovation cleaning, desinfection and distribution - micro watershed and UV radiation through Soda Pop Pet Bottles lying on the ground water-filled in eight hours!
- http://en.wikipedia.org/wiki/Pickaxe
- http://www.sodis.ch
- http://www.irn.org/index.php?id=basics/reports/WaterWealth/main.html
- http://www.gramvikas.org
- http://www.gramvikas.org/lfs.php#mnr
8. Increase the purchasing power of the Bottom of the Pyramid of 4 billion poeple living below $4 a day, to create and spread the word of Sustainable Trade Everywhere to cut all the agricultural subsidies in OECD and all the trade barriers in these countries for agri- and forestry products, value-added in the long run by reinvesting in the supply chains to impose local job creation, through the national organizations associated to IFAT and FLO!
With a general demand that the secondary increase of money flows should be at least hundred times the original capital in three-to-five years! And the primary demand that the financial capital should be returning to the original fund 7 to 10 years from the original investment - i. e. patient capital, a little more enduring capital than the Venture Capital demand - i. e. Sustainability Venture Capital. Along the road you can increase the speed of the exit also for SVC to move towards "VC-as-usual".
Why this? /.../"
Because - it is with Prosperity omni-present as it is with Peace everywhere: Everybody gains from it!
Peace & Prosperity,
Anders
You, Me, Hemingway, Van Gogh?: Moleskine Plain Notebook Classic
Reading? Naaah ;). But maybe this is one of the best books related to "creativity"? Well the "story" - or the myth? - of it still, "Hemingway and those guys used it", turns it to something more than a notebook and a rubber strap. (storytelling at http://www.moleskine.com/)
Need proof? See here http://www.squidoo.com/moleskines/ - at the time of writing at #10 in the 10 000+ collection of Lenses.
Still. I want one. And yes, I am buying the "story" too, but that is not the same as "believing it"...
Albert-Laszlo Barabasi: Linked: How Everything Is Connected to Everything Else and What It Means for Business, Science, and Everyday Life
Maybe the strongest insight rush from the past year 2005 came from this volume, where the "new science of networks" have emerged further. See my dedicated "Books for 2006" blogpost for the book scheduled for release this year on the same topic.
I believe Innovative approaches in networking holds a strong promise to speed up the world to be a sustainable place, and Barabasi is helping to give a general framework of insights. Exciting!
Stuart L. Hart: Capitalism at the Crossroads: The Unlimited Business Opportunities in Solving the World's Most Difficult Problems
Poverty, climate change, disconnectivity. All sustainability related problems - where entrepreneurship viewed as solving problems generates business opportunities. Includes a thoughtful "sustainability strategy mapping" matrix for transforming corporates to include sustainability as a core part of their strategy.
A must read.
C.K. Prahalad: The Fortune at the Bottom of the Pyramid: Eradicating Poverty Through Profits
A groundbreaking book to kill myths and unfold the unlimited opportunities to create win-win-win with the "Bottom of the Pyramid", the 4 and a half billion people living below $3 a day - viewed as a brand-sensitive and conscious strong consumer group with a lot of entrepreneurial and creative drive - and not helpless victims. Helps to break barriers created by institutionalized thinking for a truly learning dialogue getting to action.
In short - a market is open for win-win-win chains!
Ernst U.von Weizsacker: Factor Four: Doubling Wealth, Halving Resource Use - A Report to the Club of Rome
This was pioneering to show some cases how business and innovation could contribute to "factor four" - halving resource use and doubling wealth, published by the Club of Rome.
Albert-Laszlo Barabasi, Mark Newman, Duncan Watts: The Structure and Dynamics of Networks (Princeton Studies in Complexity)
If "Linked" above presented an easily accessed introduction, still with quite intricate underlying mathematics making it easy to grasp, this volume seems to take it quite a bit further, to say the least!
Still, given the reading experience from last summer, I expect nothing less than astounding when this lies in my lap, replacing the laptop :).
--
Synopsis Quote;
"From the Internet to networks of friendship, disease transmission, and even terrorism, the concept--and the reality--of networks has come to pervade modern society. But what exactly is a network? What different types of networks are there? Why are they interesting, and what can they tell us? In recent years, scientists from a range of fields--including mathematics, physics, computer science, sociology, and biology--have been pursuing these questions and building a new "science of networks." This book brings together for the first time a set of seminal articles representing research from across these disciplines."
Chris Anderson: The Long Tail
If Barabasi et al takes the concept of networks to its "abstractions" and the most far-spread cross/multi/many-disciplinary applications, Chris Anderson delivers a truly groundbreaking approach to its application in two dimensions: How to make use of the "small worlds" to generate "new business opportunities and to tap into formerly 'impossible' markets" of the niches of the millions of dozens.
Read it in the crude states as a "on its way to a book-diary" at http://www.thelongtail.com and check the Long Tail basics at the "Lens" http://www.squidoo.com/longtail!
Kai Hockerts et al: Social Entrepreneurship
Pending is the book coming from Kai Hockerts et al. (ed.), one of my greatest "linkedin's", former head of CMER of Insead and now associated to "Center for Corporate Values and Responsibilities", is here on his way with a volume bringing the field forward. He was the first to have a PhD connecting the concepts "sustainable development" with "entrepreneurship", see my "theory/references" first blogpost.
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