Open Source Capital
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Open Source Capital - we define it as million dollar and up capitalization that allows seed funding of distributied enterprise, with a goal of Distributed Market Substitution. Unlike traditional finance capital (banks, VCs), open source capital is a mixture of elements that provide capital, but not in direct-and-simple financial instruments such as promissory notes or venture capital agreements, but instead in a more distributed and diversified fashion, where open source collaboration is invoked as the foundation of the open source capital. Open source cap is a combination of:
- Swarming capital - sweat equity of many people engaged in Extreme Manufacturing or Extreme Enterprise events
- Direct, distributed stakeholdership - the customers are also, even if indirectly, responsible for product delivery in a collaborative arrangement. Customers bootstrap-fund the development.
- Heavyweight open source product management - to deliver the product, a large-scale, collaborative process is invoked.
- Open source machines - to reduce capitalization 10x, open source machinery is used, such as open source tractors, open source 3D printers, and Power Cubes
- Collaborative, open source design - the source of any capital-intensive operation is design. We make the design open source, to eliminate competitive waste.
- Distributed funding - the enterprise is funded by the customer, not financier