Village Capital: Entrepreneurs Choosing Who To Fund
The typical start-up team with a great idea needs relatively small (
Village Capital's Solution:
Create a cohort of entrepreneurs, a 12 week combined education, collaboration and competition, and let the entrepreneurs pick the best.
16 For-Profit Social Ventures go in, 3 get $75k selected by their peers. Basically the entrepreneurs who generate the most respect within the team get funded.
It's a bit like the developing world investment circles that work on a much smaller scale, deciding whose small business get funded.
PS. Would this work for single-bottom-line, non-social-venture efforts? Or is it another place where giving a damn will mean more success?