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Improving Cities Through Crowdfunding

Crowdfunding — where capital is raised online by many “micro-philanthropists” rather than a few big investors — is leveling the playing field for start-ups and investors alike. We speak to Jordan Raynor, co-founder of Citizinvestor, a crowdfunding platform for civic projects, about his venture and whether crowdfunding is the future for revenue raising.

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  • http://twitter.com/stannenb Saul Tannenbaum

    We already have crowdfunding for the public sphere. It’s called taxes. Citizinvestor lets those with disposable income fund things that are of use to them, leaving others to fend for themselves. This isn’t what democracy is supposed to be.

  • J__o__h__n

    Menino should provide Boston with municipal internet instead of charity funding internet for a few communities. 

  • Jpx

    I second Saul Tannenbaums fears.  The possibility exists to better fund education, infrastructure and any number of other issues with rich communities leaving further the poorer ones in the dust heap

  • http://twitter.com/stannenb Saul Tannenbaum

    “Government should be more like a vending machine”. Um, no. Government is not a marketplace, nor is the marketplace the answer to every problem.

    There is a strong, valid case to make government more nimble, transparent, and accountable and to use technology to do it. This isn’t the solution to this problem.

  • http://twitter.com/RealEstateCafe Bill Wendel

    Over the past two decades, critics of the real estate industry — both in the public and private sector — have argued that the “real estate cartel” overcharges consumer by billions of dollars annually, see http://bit.ly/RGWHc9

    New money-saving real estate business models are rebating parts of those bloated commissions to clients who could voluntarily use those savings to crowdfund projects, through @Citizinvestor:disqus 
    and other iniatives, that would improve their community.  

    For industry critics who argue that the typical 5-6% real estate commission is the private sector’s version of a real estate transfer tax, this could be an opportunity to redistribute savings from obsolete  commission to benefit the community.  Participation would be voluntary for any home buyer or seller using participating companies.
     
    Think of it as an opportunity to crowdfund “Commonwealth.”  Could there be a better place to test than right here in the Commonwealth of Massachusetts where property, at least in some communities in Greater Boston, sell themselves?

Hosts Meghna Chakrabarti and Anthony Brooks introduce us to newsmakers, big thinkers and artists and bring us stories of relevance to Bostonians here and around the region. Live every weekday at 3.

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