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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
Janine Shea

Crowdfunding Efforts Draw Suspicion - WSJ.com - 0 views

online.wsj.com/...3783704578247380848394600.html

GroundUp Crowdfunding Market_Size_Growth

shared by Janine Shea on 22 Jan 13 - No Cached
  • Janine Shea on 22 Jan 13
     
    "the crowdfunding market could be worth $4.6 billion annually within five years"
ccfath

Public housing looks for outside investors | Marketplace.org - 0 views

www.marketplace.org/...ousing-looks-outside-investors

public housing investors Community-Level Urbanism Socially_Responsible_Investing

shared by ccfath on 10 Jan 13 - No Cached
  • Thursday afternoon in Savannah, Ga., the head of the Department of Housing and Urban Development will unveil a pilot program meant to address poor maintenance conditions at public housing developments across the nation. HUD’s idea?  Let outside investors fix them up.
  • The problem: Like tens of thousands of other subsidized developments, Tobie Grant Manor falls under Section 9 of the federal housing act. Any money to fix it up has to come from the government, and HUD says it’s about $26 billion short.
  • That’s why HUD Secretary Shaun Donovan says shifting properties like Tobie Grant Manor from Section 9 to Section 8 gives more options.  
  • ...2 more annotations...
  • Section 8 is different because it allows for private investors to front money for repairs and redevelopment. HUD then pays those developers back under a long-term contract. Donovan says the shift doesn’t cost taxpayers a penny extra.
  • In the first thirty days of the national pilot program, HUD has raised $650-million in private investments for housing authorities in 22 states.
  • ccfath on 10 Jan 13
     
    HUD looks to private investors for renovation and redevelopment of public housing projects.
ccfath

BlueKite Raises $1.5 Million To Help U.S. Immigrants Pay Bills Abroad - 0 views

techcrunch.com/...-s-immigrants-pay-bills-abroad

VC Venture Capital Funded

shared by ccfath on 10 Jan 13 - No Cached
  • BlueKite, a Miami-based platform for cross-border bill payments, is today announcing $1.5 million in new funding, led by PeopleFund, which contributed $1.3 million of the total raise.
  • The process for receiving approval is not simple, so Florida has served as a battleground for dealing with the regulatory and legal issues surrounding the set up of these cross-border payments. In Florida, the service has only be up-and-running for three weeks so far, but has already processed around 1,000 payments, averaging around $18.00 each, or around $20,000 in total transactions.
  • But for now, the company is targeting mom-and-pop shop cash stores, including Save Mart, Cash First (Naples) Agente, Atlantida, TipTopCashing, and others in Tampa and Miami.
ccfath

Crowdfunding for Small Business Is Still an Unclear Path - NYTimes.com - 0 views

www.nytimes.com/...-is-still-an-unclear-path.html

CircleUp SoMoLend crowdfunding small business

shared by ccfath on 08 Jan 13 - No Cached
  • That big issue caused Mr. Caldbeck to leave his job to start CircleUp, a company that aims to connect up-and-coming consumer products companies with investors.
  • crowdfunding is a way for capital-starved entrepreneurs to receive financing that neither big investors nor lenders are willing or able to provide. To others, it represents a potential minefield that could help bad businesses get off the ground before they eventually fail, and in some cases could even ensnare unsophisticated investors in outright fraud.
  • SoMoLend, which lends money to small, Main Street-type businesses that typically wouldn’t interest private investors.
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