In the Internet era we all live in, the power of virtual crowd increase everyday. We are eyewitnessing social movements, that are changing the so called real world. No one can deny, that business is moving to the internet, providing convenient and cheaper services, mostly easy to access. This trends are not arguable, but the future of real business in the internet belongs to communities, virtual communities.
Although there are some services and financial products available for banks only (as credits and deposits), there are more and more examples of virtual communities taking advantage of financial institiutions.
At first there is a huge market of social lending, estimated by Gartner for 5 000 000 000 USD in 2013. Since a few years everyone can become a small business angel or a philantropist like W. Buffent and B. Gates. While using crowdfunding platforms it is easy to donate (donation based crowdfunding) or invest (equity or debt based crowdfunding), becoming not only a supporter of creative business idea, but also a shareholder of one. There are also virtual platforms, in which everyone can exchange currencies avoiding brokers (eg. banks and cantors) and sharing one another commission. This examples of microfinance becoming the important part of global economy, can be also supported by crowdsourcing sites, in which wisdom of crowd can serve as a source of financial and investment advisor.
Allowing everyone access the finance market currently isn’t dangerous for „to big to fail” institutions. Though, I suggest you observe, put some efforts to prepare and take part in social finance as an investor or enterpreneur. It really makes sense!
Originally posted on fundcrowd.eu