Returning the Favor: Micro-Crowdfunding Our Loved Ones
By joining together in micro-groups we can create recurring funding to support and enhance the lives of our 50+ loved ones.
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Idea
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50pt
By joining together in micro-groups we can create recurring funding to support and enhance the lives of our 50+ loved ones.
This is an excellent concept. To Kate Rushton's point, and concerns about users on one account -- I don't think we'll want to restrict participation to only people you know. I think that's a great option to have - but like a local softball league, you're not playing ball with a team of three! I think there's space for an algorithm here to compile random investments together (similar to robo-investing platforms like Ellevest) and move them into investment portfolios grouped by desired risk profiles. There are a lot of financial regulations out there that may throw a wrench in the original concept or any modified model that collects money from multiple parties and invests it. Though, this is something that brokerages like Fidelity Investments do, inherently.
Thanks, Lillian J Warner. I commented on your idea - - happy to chat further.
Lateef commented on Returning the Favor: Micro-Crowdfunding Our Loved Ones