Kiva’s Secret Project To Let You Give Peer-To-Peer Loans Microlending website Kiva’s original proposition was simple: Make an interest-free loan to someone who no bank will touch. The site, which launched in 2005, became wildly popular, as people gleefully gave a few dollars to struggling businesspeople in the developing world, and then saw that business grow and had their money repaid. But many lenders assumed--not surprisingly, given Kiva’s marketing and web design--that the smiling face on the other end of the PayPal transaction got the exact cash they lent out. A minor kerfuffle ensued in 2009 when a blogger broadcast the fine print of Kiva’s website, revealing the nuance that a donation actually goes to take on the risk of a loan already made to that person by a microfinance institution. In other words, the person you chose to fund already had his loan. You just make it possible, retroactively.
ProFounder, the blog: Shutting Down We started ProFounder in August 2009 with the mission of ensuring that all entrepreneurs have access to the resources they need to succeed through the engagement of robust, supportive communities. We created a platform and set of tools that made the process of raising investment capital from friends, family and community more efficient, inexpensive, straightforward and legally compliant. We’re proud of both the impact we’ve had on individual entrepreneurs who have accessed capital and grown their businesses using ProFounder’s platform, as well as our influence on crowdfunding regulatory reform in Washington. Despite our progress, the current regulatory environment prevents us from pursuing the innovations we feel would be most valuable to our customers, and we’ve made the decision to shut down the company. While this means the entity will be officially closing, we are still committed to our vision.
As Banks Start Nosing Around Facebook and Twitter, the Wrong Friends Might Just Sink Your Credit Pay up, or we'll spam your newsfeed! By Adrianne Jeffries 12/13/11 7:39pm Share this: Crowdfunding Getting started Meet Sponsume :) Sponsume offers a new way of exploring innovative ideas and helping turn them into reality. We are a crowdfunding platform where creative people sell perks and rewards to fans in order to fund their project.
Bank on Dave: one man's crusade to help small businesses raise finance The banks are "shit". According to Dave Fishwick, a Burnley businessman who has made millions as the biggest minibus supplier in Britain, "all they have done is shit on people". It's a crude assessment, but it's one probably now shared by millions as the Barclays scandal unfolds and NatWest picks up the pieces from its service meltdown.
Kickstarter breaks £22.5m for UK crowdsourced funding It has funded everything from a film by Belle and Sebastian's Stuart Murdoch to an easy way to learn Chinese and could yet bring about the return of Morph. One year after launching in the UK the crowdfunding website Kickstarter will announce on Monday that more than £22.5m has so far been pledged to UK-based projects. Kickstarter began in the US in 2009 with a simple aim. Anyone with a creative project idea can pitch their idea to the world offering rewards to thank backers for their support. The pitcher sets a funding goal and people pledge money.
Is P2P Lending the next frontier for covesting platforms? An interesting tweet from @giyom is at the origin of this post: If we look at what is happening in the investment management sector, perhaps we can extrapolate a possible evolution in P2P Lending. The development of electronic trading and discount electronic brokers such as E*Trade, have granted a better access to the stock markets. People are now able to trade most products and markets, without having to use a broker, financial advisor, or other intermediary.
Crowdfunding Secrets: 10 Tips for Highly Successful Campaigns As crowdfunding makes gains in popularity, the battle for pageviews and pledges has become increasingly competitive, especially on portal sites that feature thousands of live projects at once. If you’re depending on a Kickstarter feature to kickstart your campaign, then you could be in trouble. So how do you ensure that you’ve optimized your campaign for success? We’ve taken a look at a number of recently funded projects in order to identify some of the techniques, strategies, and crowdfunding secrets that will give you the best chance of meeting your goals.
Paolo blog: Ramblings on Web2.0, Trust, Reputation, Recommender Today I presented to the other SoNetters a wonderful paper titled “Feedback Effects between Similarity and Social Influence in Online Communities” by David Crandall, Dan Cosley, Daniel Huttenlocher, Jon Kleinberg, Siddharth Suri of Cornell University, presented at the 2008 KDD conference on Knowledge discovery and data mining. My review just under the slides I used for the presentation. Besides the points already presented in the slides, here I add few points relevant for our research on Wikipedia. Social influence: People become similar to those they interact with Interaction ?