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Even though I seriously question whether or not the "wisdom of the crowds" is capable of creating and developing truly innovative and groundbreaking ideas - Kluster is a pretty exciting attempt at just that (and more).
"kluster is a place to harness the power of community collaboration to get stuff done. everyone has ideas, we provide a platform to get them out of heads and into the world…where they belong..." - kluster
Michael Simonsen, cofounder and CEO of Altos Research explains why he believes that taking venture capital actually reduces your odds of success.
http://foundread.com/2008/02/22/my-case-against-venture-capital/
Another insightful post by Kevin Kelly.
http://www.kk.org/thetechnium/archives/2008/03/1000_true_fans.php
"But the long tail is a decidedly mixed blessing for creators. Individual artists, producers, inventors and makers are overlooked in the equation. The long tail does not raise the sales of creators much, but it does add massive competition and endless downward pressure on prices. Unless artists become a large aggregator of other artist's works, the long tail offers no path out of the quiet doldrums of minuscule sales." - Kevin Kelly
The ability to create your own "X Prize" on a smaller scale.
"The site allows people with a common interest to come together and pool their contributions to create an inducement prize. Anyone can start a prize on any topic—from large social issues to smaller personal pursuits—and anyone with the ability to claim the prize can submit a solution. It’s the best way to achieve real results." -- BigCarrot
