Masterful analysis of the democratiztion of impact capital. The four-pillar framework for identifying authentic SIOs is something I wish more platforms would adopt upfront instead of just letting anything through. What really grabbed me was the debt dominance statistic (42%) showing how hyperlocal models on Honeycomb fundamentaly changed community funding dynamics. I worked with a co-op bakery last year that tried traditional financing first, got nowhere, then raised $80k from neighbors in 3 weeks on a similar model.
That's so cool. I think you're experience--and that of hundreds of small businesses raising on Honeycomb Credit, SMBX and a few other small-business focused platforms--is proving the essential, fundamental value of local investing. Personally, I think the returns to investors are fabulous and on terms that are great for the borrowers, too.
Masterful analysis of the democratiztion of impact capital. The four-pillar framework for identifying authentic SIOs is something I wish more platforms would adopt upfront instead of just letting anything through. What really grabbed me was the debt dominance statistic (42%) showing how hyperlocal models on Honeycomb fundamentaly changed community funding dynamics. I worked with a co-op bakery last year that tried traditional financing first, got nowhere, then raised $80k from neighbors in 3 weeks on a similar model.
That's so cool. I think you're experience--and that of hundreds of small businesses raising on Honeycomb Credit, SMBX and a few other small-business focused platforms--is proving the essential, fundamental value of local investing. Personally, I think the returns to investors are fabulous and on terms that are great for the borrowers, too.