The Power of Community as Financier: Welcome to the World Bank of We

This is the eBook version of the printed book.

This Element is an excerpt from We Are Smarter Than Me: How to Unleash the Power of Crowds in Your Business (9780132244794) by Barry Libert and Jon Spector. Available in print and digital formats.

 

How the Internet is revitalizing the tradition of “people-to-people” lending – and how entrepreneurs can take advantage of it!

 

Lyn Townshend needed a business loan. But she had no income, having quit her job at IBM. She had a record of credit card delinquencies and had never run a company. Not surprisingly, she was turned down by her bank and the SBA. She joined Prosper.com’s cooperative of past and would-be borrowers, posted her loan request, and was funded by 77 people.

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The Power of Community as Financier: Welcome to the World Bank of We

This is the eBook version of the printed book.

This Element is an excerpt from We Are Smarter Than Me: How to Unleash the Power of Crowds in Your Business (9780132244794) by Barry Libert and Jon Spector. Available in print and digital formats.

 

How the Internet is revitalizing the tradition of “people-to-people” lending – and how entrepreneurs can take advantage of it!

 

Lyn Townshend needed a business loan. But she had no income, having quit her job at IBM. She had a record of credit card delinquencies and had never run a company. Not surprisingly, she was turned down by her bank and the SBA. She joined Prosper.com’s cooperative of past and would-be borrowers, posted her loan request, and was funded by 77 people.

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The Power of Community as Financier: Welcome to the World Bank of We

The Power of Community as Financier: Welcome to the World Bank of We

The Power of Community as Financier: Welcome to the World Bank of We

The Power of Community as Financier: Welcome to the World Bank of We

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Overview

This is the eBook version of the printed book.

This Element is an excerpt from We Are Smarter Than Me: How to Unleash the Power of Crowds in Your Business (9780132244794) by Barry Libert and Jon Spector. Available in print and digital formats.

 

How the Internet is revitalizing the tradition of “people-to-people” lending – and how entrepreneurs can take advantage of it!

 

Lyn Townshend needed a business loan. But she had no income, having quit her job at IBM. She had a record of credit card delinquencies and had never run a company. Not surprisingly, she was turned down by her bank and the SBA. She joined Prosper.com’s cooperative of past and would-be borrowers, posted her loan request, and was funded by 77 people.


Product Details

ISBN-13: 9780137083169
Publisher: Pearson Education
Publication date: 03/02/2010
Series: FT Press Delivers Elements
Sold by: Barnes & Noble
Format: eBook
Pages: 10
File size: 345 KB
Age Range: 18 Years

About the Author

Barry Libert is chairman of Mzinga, a leading enterprise social technology and services provider. The company manages over 14,000 online communities, which draws more than 60 million total online visitors every month. Libert is a recognized authority on entrepreneurial leadership strategies and a pioneer in the business use of social technologies. A one-time McKinsey & Company consultant, he has coauthored highly-regarded books, including Cracking the Value Code and Value RX. Jon Spector is President and CEO of The Conference Board, the world's preeminent business membership and research organization. He previously served as Vice Dean and Director of Wharton's Aresty Institute of Executive Education; as CEO of several venture-backed startup companies; and as Principal in 1986 and Director in 1992 at McKinsey & Company.

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