"Share, share, share"- a parent's admonition to a child
Awhile back, I read an article about a company which allowed people to make a micro loan to a needy third world business person. The interest was agreed on and exchange occurred. The repayment was in the high 90+ percent. This is the giving side. A small loan to a person that needs it.
What about the receiving side? I recently read an Entrepreneur article which talked about making a short video presentation and hoping to raise funding for an idea. Micro-investments that give you access to the product and you receive recognition for your loan.
I guess what makes both of these examples work is the smallness of the investments made. If you ask many folks for a very small investment they are less likely to turn you down. Micro angel investing.
Today's question is:
"What else could be cut up into small manageable chunks that people would be willing to fund?"
Awhile back, I read an article about a company which allowed people to make a micro loan to a needy third world business person. The interest was agreed on and exchange occurred. The repayment was in the high 90+ percent. This is the giving side. A small loan to a person that needs it.
What about the receiving side? I recently read an Entrepreneur article which talked about making a short video presentation and hoping to raise funding for an idea. Micro-investments that give you access to the product and you receive recognition for your loan.
I guess what makes both of these examples work is the smallness of the investments made. If you ask many folks for a very small investment they are less likely to turn you down. Micro angel investing.
Today's question is:
"What else could be cut up into small manageable chunks that people would be willing to fund?"
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