As both crowdsourcing and crowdfunding gather momentum in the architecture world, they also gather criticism. The crowdsourcing design website Arcbazar, for example, has recently attracted critics who label it as “the worst thing to happen to architecture since the internet started.” A few months ago, I myself strongly criticized the 17John apartment-hotel in New York for stretching the definition of “crowdfunding” to the point where it lost validity, essentially becoming a meaningless buzzword.
In response to this criticism, I spoke to Rodrigo Nino, the founder of Prodigy Network, the company behind 17 John, who offered to counter my argument. Read on after the break for his take on the benefits of tapping into the ‘wisdom of crowds.’
I’ve been critical of your project 17John, so to begin with I wanted to offer you the opportunity to put in your own words what you’re trying to achieve with 17John.
17John is available to any investor outside of
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