Finance 2.0
Microloans (Like Kiva) are good and all, but the charity bent of the current generation of peer to peer microloans limits the groundbreaking role the idea can play in the world.
Where is the network where individuals can invest small sums in start up companies?
Here’s how it could look: Keep the 1:1 ratio. Micro venture capitalists would emerge in a competitive environment for the benefit in reputation of seeding a working company. Think of it as platform for circumventing the current nearly obsolete VC model, building resumes and bringing about a new breed of entrepreneurs building lean firms for more ROI in a flattening world.
Update: Rajesh is thinking along the same lines but advocates an entrepreneurial stock exchange.
-Shlok
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