Venture - Revision history

TiberiusB at 18:22, 25 September 2026

2026-09-25T18:22:05Z

TiberiusB: /* The open venture */

2026-09-23T03:01:17Z

The open venture

TiberiusB at 21:07, 7 August 2024

2024-08-07T21:07:14Z

TiberiusB: /* Service-based ventures */

2024-05-26T19:17:30Z

Service-based ventures

TiberiusB: /* Service-based ventures */

2024-05-26T19:15:35Z

Service-based ventures

TiberiusB: /* Service-based ventures */

2024-05-26T19:05:39Z

Service-based ventures

TiberiusB: /* Economic model */

2024-05-26T19:03:58Z

Economic model

Sensorica-wiki at 14:26, 7 March 2023

2023-03-07T14:26:04Z

TiberiusB: /* The open venture */

2022-12-28T17:25:01Z

The open venture

TiberiusB: /* Organizational structure */

2022-12-28T17:23:34Z

Organizational structure

@@ Line 97: / Line 97: @@
 ** [[Open source]]: deliverables of ventures are published as Commons Attribution-ShareAlike 3.0 Unported License or some other open source license that grants commercial use rights.
 * Relation to governance: meritocratic and / or democratic, great place for individual initiatives framed by a set of rules / standards.
-* Relations to risk: we can see the contributors to collaborative initiatives as entrepreneurs ([[collaborative entrepreneurs]]) who invest in the venture in order to obtain different forms of benefits in the future (financial remuneration, networking, learning, visibility, ...) , sharing the risk. If the successful initiative everyone wins, if no, no one wins, everyone gets away with a good experience and let them go.
+* Relations to risk: we can see the contributors to collaborative initiatives as entrepreneurs ([[collaborative entrepreneurs]]) who engage in the venture in order to obtain different forms of benefits in the future (financial remuneration, networking, learning, visibility, ...), sharing the risk. If the successful initiative everyone wins, if no, no one wins, everyone gets away with a good experience and let them go.
 Relations to ownership: The initiative's assets usually take the form of shared resources (even nondominium type) and commons. Nobody has an absolute right over the fruits of the initiative (unlike private enterprise).
 * Internal relations:

@@ Line 81: / Line 81: @@
 Advantages:
-* compatible with [[longtail production]], can be swarm-like ventures, based on stigmergy
+* compatible with [[longtail production]], can be swarm-like ventures, based on [[stigmergy]]
 Disadvantages:
-* still purely understood by the general public
+* still poorly understood by the general public
 * doesn't inspire trust to institutions
-* suffers from lack of legitimacy
+* suffers from lack of [[legitimacy]]
-* the openness and transparency is often incompatible with processes of traditional firms and other type of institutions, which prefer to work in silo, being competitive.
+* the [[openness]] and [[transparency]] is often incompatible with processes of traditional firms and other type of institutions, which prefer to work in silo, being competitive.
 '''Main characteristics'''

@@ Line 120: / Line 120: @@
 :''We are moving forward with the project at HEC (see below). The University asks us to sign a document of non-disclosure, to make sure that all the participants (grad students) in case competition don't get access to the info in advance. Moreover, the University wants to establish 3 individuals as primary resources in this project, who commit time to the project. Mai (the HEC prof in charge) suggested myself, Francois and Ivan.''
-:''1 Before we move forward we need to sign the non disclosure document, which also establishes that we can represent Sensorica in this case ONLY. We need you to grant us that power of representation, for this case ONLY.''
+:''1 Before we move forward we need to sign the non disclosure document, which also establishes that we can represent Sensorica in this case ONLY. We need you to grant us that power of [[representation]], for this case ONLY.''
 :''NOTE1: We are using Sensorica logo/brand in this case, which is part of our commons, therefore you all have a say in it. Granting us the power to represent Sensorica in this particular case basically means trusting us that we will work in favor of our value network, that we will serve the network well, that we will only add value to the brand, not damage it.''

@@ Line 159: / Line 159: @@
 See the evolution of service-based ''ventures'' in [https://docs.google.com/document/d/1ABmC6YJsszlIPoL-YXU3GF-PLHY0tmQdocBExswh7Lw/edit Interfaces between open organizations and classical institutions - the Sensorica experience].
+==Service vs Support ventures==
 [[Sensorica]] has distinguished between Support and Service ''ventures'':

@@ Line 158: / Line 158: @@
 In 2015, [[Sensorica]] established service-based ''ventures'' and this experience sparked new discussions about [[contribution]] accounting. Service-based ''ventures'' are, in general, less resource-intensive. Therefore the initial costs (initiation [[contributions]]) are lower. Most important are ''rolling'' and ''support'' [[contributions]]. The first prototype of a [[contribution accounting system]] with a [[benefit redistribution algorithm]] was implemented by [[Tibi]] and Daniel for the [http://www.sensorica.co/home/what-we-do/working-space/labonline-network/mobile-fab-lab/mobile-lab-vas FabMobile project]. A better version was created for the [http://www.sensorica.co/home/education/course-3d-design-and-digital-fabrication/3d-course-vas 3D course project].
 See the evolution of service-based ''ventures'' in [https://docs.google.com/document/d/1ABmC6YJsszlIPoL-YXU3GF-PLHY0tmQdocBExswh7Lw/edit Interfaces between open organizations and classical institutions - the Sensorica experience].
 ==Infrastructure ventures==

@@ Line 156: / Line 156: @@
 ==Service-based ventures==
-In 2015, [[Sensorica]] established service-based ventures and this experience sparked new discussions about contribution accounting. Service-based ventures are, in general, less resource-intensive. Therefore the initial costs (initiation [[contributions]]) are lower. Most important are rolling and support [[contributions]]. The first prototype of a [[contribution accounting system]] with a [[benefit redistribution algorithm]] was implemented by [[Tibi]] and Daniel for the [http://www.sensorica.co/home/what-we-do/working-space/labonline-network/mobile-fab-lab/mobile-lab-vas FabMobile project]. A better version was created for the [http://www.sensorica.co/home/education/course-3d-design-and-digital-fabrication/3d-course-vas 3D course project].
+In 2015, [[Sensorica]] established service-based ''ventures'' and this experience sparked new discussions about [[contribution]] accounting. Service-based ''ventures'' are, in general, less resource-intensive. Therefore the initial costs (initiation [[contributions]]) are lower. Most important are ''rolling'' and ''support'' [[contributions]]. The first prototype of a [[contribution accounting system]] with a [[benefit redistribution algorithm]] was implemented by [[Tibi]] and Daniel for the [http://www.sensorica.co/home/what-we-do/working-space/labonline-network/mobile-fab-lab/mobile-lab-vas FabMobile project]. A better version was created for the [http://www.sensorica.co/home/education/course-3d-design-and-digital-fabrication/3d-course-vas 3D course project].
-See the ecolution of service-based ventures in [https://docs.google.com/document/d/1ABmC6YJsszlIPoL-YXU3GF-PLHY0tmQdocBExswh7Lw/edit Interfaces between open organizations and classical institutions - the Sensorica experience].
+See the evolution of service-based ''ventures'' in [https://docs.google.com/document/d/1ABmC6YJsszlIPoL-YXU3GF-PLHY0tmQdocBExswh7Lw/edit Interfaces between open organizations and classical institutions - the Sensorica experience].
 ==Infrastructure ventures==

@@ Line 38: / Line 38: @@
 =Economic model=
-A ''venture'' is a self-sustaining economic operation that clusters mature open [[projects]] (the ones that have generated [http://en.wikipedia.org/wiki/Exchange_value exchange value]) into for-benefit operations. As an economic enterprise it has [[accumulation mechanisms]], some of which can operate through exchanges (offering services) to generate [[revenue]], which is redistributed back to all [[contributors]].
+A ''venture'' is a self-sustaining economic operation that clusters [[projects]] into for-benefit operations. As an economic enterprise, it has [[capturing mechanisms]], some of which can operate through exchanges (offering services) to generate [[revenue]], which is redistributed back to all [[contributors]].
-A ''venture'' is driven by [[collaborative entrepreneurs]], see more on [[collaborative entrepreneurship]]. Note its ability to bypasses traditional centralized and controlled processes, scarce monetary currency, and the labor market.
+A ''venture'' is driven by [[collaborative entrepreneurs]], using various mechanisms to bypasses traditional centralized and controlled processes, scarce monetary currency, and the labour market.
-A ''venture'' in a for-benefit, open enterprise that relies on all tangible and intangible [[resources]] provided by the network. It carries the OVN brand, which is subject to network-level [[governance]]. Among other things, this implies that the ''venture'' must be set up in accordance with the general mission and vision of the [[OVN]], respect its [[culture]], use the network's IT infrastructure, employ the network's methodologies,...
+Within an [[OVN]] structure, a ''venture'' in a for-benefit, open enterprise that relies on all tangible and intangible [[resources]] provided by the network. It carries the [[OVN]] [[brand]], which is subject to network-level [[governance]]. Among other things, this implies that the ''venture'' must be set up in accordance with the general mission and vision of the [[OVN]], respect its [[culture]], use the network's IT [[infrastructure]], employ the network's methodologies,...
-''Ventures'' have [[accumulation mechanisms]]: the design process is recorded, technical documents are stored, experiments are presented, etc. The accumulation serves the venture but is also made available to other ventures within the OVN - ecosystem.
+''Ventures'' have [[accumulation mechanisms]]: design and development processes is recorded, technical documents are produced, experiments are documented, etc. The accumulation serves the ''venture'' but it is also made available to other ''ventures'' within the [[OVN]] - ecosystem.
 ''Ventures'' reply on [[planning]] and [[stigmergy]] for [[production]] and [[dissemination]].
-A venture comes with a more or less defined objective/goal/mission (which can be a [[product]] or a service), has more or less defined deliverables, and comes with a set of '''incentives''' (intrinsic or extrinsic), related to the [[benefits]] that result from the [[resources]] that are created.
+A ''venture'' comes with a more or less defined objective/goal/mission, has more or less defined [[deliverables]] (which can be a [[product]] or a service, or simply a commons), and comes with a set of '''incentives''' (intrinsic or extrinsic), related to the [[benefits]] that result from the [[resources]] that are created.
-Ventures that generate tangible [[benefits]] must contribute to the OVN's [[infrastructure]] (physical and virtual) maintenance and development. [[Sensorica]] employs the [[5% rule]].
+''Ventures'' that generate tangible [[benefits]] (can be [[revenue]] in some sort of [[currency]]) must contribute to the [[OVN]]'s [[infrastructure]] (physical and virtual) maintenance and development. [[Sensorica]] employs the [[5% rule]].
-A venture is a context for a set of [[activities]] that produce [[resources]] and [[benefits]]. We can say that a venture is a locus of activity where [[agents]] use [[resources]] to achieve a desired goal. See [[REA ontology]]
+A ''venture'' is a context for a set of [[activities]] that produce [[resources]] and [[benefits]] for [[affiliates]] and at the same time that produce [[commons]]. We can say that a ''venture'' is a locus of activity where [[agents]] use [[resources]] to achieve a desired goal. See [[REA ontology]]
-Venture share their accumulations, i.e. all [[resources]] that flow through the OVN, created internaly or acquired, can be used by any venture, under certain rules.
+''Ventures'' share their accumulations, i.e. all [[resources]] that flow through the [[OVN]], created or acquired, can be used by any [[venture]], under certain [[rules]].
-Ventures may have different relationships with each other. For example, one venture might create [[resources]] that are used in another venture. Some ventures can be seen as parents or children of other ventures.
+''Ventures'' may have different relationships with each other. For example, one ''venture'' might create [[resources]] that are used in another ''venture''. Some ''ventures'' can be seen as parents or children of other ''ventures''.
-Within a venture all [[benefits]] flow back to [[contributors]]. If a [[product]] (see [[exchange value]]) is made it can be exchanged with someone that needs it ([[a market]]) for money ([[revenue]]). If a venture that produces [[social value]] is sponsored (funded by someone or some [[organization]]) those who [[contribute]] share rewards.
+Within a ''venture'', all [[benefits]] flow back to [[contributors]]. If a [[product]] (see [[exchange value]]) is made it can be exchanged with someone that needs it ([[a market]]) for money ([[revenue]]). If a ''venture'' that produces [[social value]] is sponsored (funded by someone or some [[organization]]) those who [[contribute]] share rewards.
-A venture is the lowest level where the notion of [[revenue]] enters the system. Therefore, the [[benefit redistribution algorithm]] is applied at the venture level. The [[contribution accounting system]] is applied at the [[resource]] level, because [[resources]] are used as [[contributions]] to economic processes and the system must see them as individual units.
+A ''venture'' is the lowest level where the notion of [[revenue]] enters the system. Therefore, the [[benefit redistribution algorithm]] is applied at the ''venture'' level. The [[contribution accounting system]] is applied at the [[resource]] level, because [[resources]] are used as [[contributions]] to economic processes and the system must see them as individual units.
 =With respect to the origin of the venture=

@@ Line 124: / Line 124: @@
 :''NOTE1: We are using Sensorica logo/brand in this case, which is part of our commons, therefore you all have a say in it. Granting us the power to represent Sensorica in this particular case basically means trusting us that we will work in favor of our value network, that we will serve the network well, that we will only add value to the brand, not damage it.''
-:''NOTE2: The non-disclosure agreement ends on 15th of May 2013, the date of the case competition. Until then, the process is non-transparent, BUT OPEN to all members of Sensorica: any member of Sensorica can decide to get access to the entire process by signing the same document (see attachment) we are signing. A member of Sensorica is defined in this case as an individual who has access to this mailing list. Those who don't sign will not have access to all the information. All the information will be released after the 15th of May 2013.''
+:''NOTE2: The non-disclosure agreement ends on 15th of May 2013, the date of the case competition. Until then, the process is non-transparent, BUT OPEN to all [[affiliates]] of Sensorica: any [[affiliate]] of Sensorica can decide to get access to the entire process by signing the same document (see attachment) we are signing. An [[affiliate]] of Sensorica is defined in this case as an individual who has access to this mailing list. Those who don't sign will not have access to all the information. All the information will be released after the 15th of May 2013.''
 :''NOTE3: We are struggling to build an interface between an open and transparent structure like Sensorica and a classical institution, HEC. This is the best we could do after a week-long negotiation with Mai (the HEC prof in charge). In the end, this is part of the bureaucracy of HEC, because Mai is using some grants for this case competition, which takes months to setup, and many people involved.''

@@ Line 95: / Line 95: @@
 ** What can be [[crowdsourced]] will be crowdsourced - these initiatives use [[crowdfunding]] and collaborative platforms for the acquisition of monetary resources and for talent acquisition.
 ** What can be shared will be shared - use shared platforms for access to physical spaces (operate in [[makerspaces]]), equipment (use tool libraries)
-** [[Open Source]]: deliverables of ventures are published as Commons Attribution-ShareAlike 3.0 Unported License or some other open source license that grants commercial use rights.
+** [[Open source]]: deliverables of ventures are published as Commons Attribution-ShareAlike 3.0 Unported License or some other open source license that grants commercial use rights.
 * Relation to governance: meritocratic and / or democratic, great place for individual initiatives framed by a set of rules / standards.
 * Relations to risk: we can see the contributors to collaborative initiatives as entrepreneurs ([[collaborative entrepreneurs]]) who invest in the venture in order to obtain different forms of benefits in the future (financial remuneration, networking, learning, visibility, ...) , sharing the risk. If the successful initiative everyone wins, if no, no one wins, everyone gets away with a good experience and let them go.

@@ Line 35: / Line 35: @@
 =Organizational structure=
-Within the [[OVN]] model, a ''venture'' is a new form of enterprise that adopts a network structure, i.e it is ''open'' to participation (permissionless), fully ''transparent'' and highly collaborative. Examples: all [https://www.sensorica.co/ventures ventures incubated within the Sensorica OVN], Bitcoin, etc. Open ''ventures'' are modeled based on [[open source]] projects, anyone who can/wants to contribute can join. Calls for participation are usually broadcast through social media channels. Documentation is very prolific and it is published with public access. An open ''ventures'' can be forked and remixed (like [[open source]]).
+Within the [[OVN]] model, a ''venture'' is a new form of enterprise that adopts a network structure, i.e it is ''open'' to participation (permissionless), fully ''transparent'' and highly collaborative. Examples: all [https://www.sensorica.co/ventures ventures incubated within the Sensorica OVN], Bitcoin, etc. Open ''ventures'' are modeled based on [[open source]] projects, anyone who can/wants to contribute can join. Calls for participation are usually broadcast through social media channels. Documentation is very prolific and it is published with public access. An open ''ventures'' can be [[forked]] and [[remixed]] (like [[open source]]).
 =Economic model=