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Janine Shea

Q&A, Jay Lee, founder and CEO, Smallknot | JWT Intelligence - 0 views

www.jwtintelligence.com/...-jay-lee-founder-ceo-smallknot

shared by Janine Shea on 24 Jan 13 - No Cached
  • We think a lot of great real relationships are being built through the platform, something that we always hoped would happen, and now we’re actually seeing it happen.
    • Janine Shea
      Janine Shea on 24 Jan 13
       
      Social "community" benefits as a byproduct of the investing platform, rather than an explicit strategy in the business model 
  • You get to choose directly where your money goes.
  • I think other people are starting to have the same feeling that they want to have more autonomy about their community or about the businesses they support or just about most things.
  • ...4 more annotations...
  • other local crowdfunding platforms, such as Lucky Ant
  • Our focus is really building a local ecosystem for finance
  • Structurally the platforms all look similar, the mechanics are often very similar, but our focus is really our mission
    • Janine Shea
      Janine Shea on 24 Jan 13
       
      Exactly! The transaction technology in and of itself is not distinct enough to serve as a sustainable competitive advantage. It must be in the mission
  • At its core the local movement is going to get a lot stronger
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