Can crowdfunding cure cancer?

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Despite remarkable scientific progress in recent decades, current funding models for projects in early-stage drug development and climate change have failed. These projects tend to be expensive, risky, and lengthy. Andrew Lo and his colleagues at MIT suggest that crowdfunding and financial engineering can provide the solution to this funding problem.

giffgaff – the mobile network run by you

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giffgaff’s model is so customer centric, the customers do most of the work. So far this seems to be working, but is it enough? Can the company withstand change that is not predicted by its customers? Is it just a marketing ploy to differentiate itself in an increasingly competitive and commoditized market? Does it truly generate value for its customers?