crowdfunding for community development finance -- neighbor.ly, the community investment platform
DESCRIPTION
Neighbor.ly is the Community Investment Platform. It combines the strengths of crowdfunding with the latest innovations in community development finance. This presentation was given to a roundtable held at the Federal Reserve Bank Board of Governors on March 24, 2014. More information about that roundtable: http://www.federalreserve.gov/newsevents/conferences/crowdfunding-agenda.htmTRANSCRIPT
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HELLO!
CROWDFUNDING FOR COMMUNITY DEVELOPMENT FINANCE FEDERAL RESERVE BOARD OF GOVERNORS ‒ 24 Mar 2014
@luminopolis
Jase Wilson // CEO
@neighborly
www.neighbor.ly
COMMUNITY INVESTMENT PLATFORM
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WHAT’S CROWDFUNDING?
CROWDFUNDING IS
...PASSING THE HAT AROUND
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CROWDFUNDING COMES IN 3 “FLAVORS”
PERKS DEBT EQUITY
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CROWDFUNDING COMES IN 3 “FLAVORS”
PERKS DEBT EQUITY
“INVESTMENT”
{“DONATION”
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NOT A NEW IDEA
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NOT A NEW IDEA
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NOT A NEW IDEA
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NOT A NEW IDEA
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NOT A NEW IDEA
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$$$
CROWDFUNDING IS WAY MORE THAN $$$!
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$$$
PROJECT AWARENESSINNOVATION SUPPORTSTAKEHOLDER BUY-INCAPACITY BUILDING
CROWDFUNDING IS WAY MORE THAN $$$!
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PROBLEM
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TOO HARD TO INVEST IN COMMUNITIES
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PROBLEM
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PROBLEM
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PROBLEM
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PROBLEM
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PROBLEM
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PROBLEM
“Peter Coffin, a municipal bond manager for wealthy individuals said it is about time the muni market got an overhaul.”
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PROBLEM
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EQUITY V. MUNIS
$40Bn
2012 IPOS
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EQUITY V. MUNIS
$40Bn
2012 IPOS
$400Bn2012 MUNI ISSUANCES
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EQUITY V. MUNIS
$40Bn
2012 IPOS
$400Bn2012 MUNI ISSUANCES
$12Bn
COST
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SOLUTION
!
COMMUNITIES !
CREATE JOBS
!
INVESTORS !
EARN $$$ & PERKS
!
PROJECTS !
GET MONEY
Win !!
CITIZENS !
GET NEW AMENITIES
COMMUNITY INVESTMENT PLATFORM
Win ! Win ! Win !
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SOLUTIONSOLUTION
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SOLUTION
CHALLENGE MATCHES
PILOT
CROWDFUNDINGTAX CREDITS
“BRICK” CAMPAIGNS
NAMING RIGHTS
BONDS
WHAT IF WE MATCH…
WITHIN A MATCH?
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SOLUTIONSOLUTION - CHALLENGE MATCHES?
CROWD
$1
BANKS / CRA
$5x
GOVERNMENT
$25x
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SOLUTIONSOLUTION
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NEIGHBOR.LY !
TO DATE, WE’VE HELPED RAISE $1.45M
FOR 30 PROJECTS IN 24 COMMUNITIES
FROM 2,300 CONTRIBUTORS THROUGH PERKS CROWDFUNDING ALONE
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WE HAVE AWESOME PARTNERS
CivicAccelerator
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AND SOME GREAT MENTIONS
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WE TALK A LOT
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YES WE’RE OPEN
Open CompanyOpen DataOpen Sourcegithub.com/neighborly Work in Progress Work in Progress
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THE RIGHT TEAM TO MAKE IT HAPPENPLANNING GEEKS BOND TRADER FUNDRAISER LOCAL GOV CPA ENGINEERS + ADVISORS
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ROADMAPCURRENTLY RAISING SEED ROUND TO:
1. MAKE KEY HIRES 2. DEVELOP FULL PLATFORM 3. SETUP BROKER DEALER 4. SECURE PARTNERSHIPS / CHANNELS
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3 YEAR IMPACT GOAL
HELP 1,000 COMMUNITIES FUND 10,000 PROJECTS BY HELPING RAISE $1Bn+
