Neighborly

The easiest way to invest in your community

#2 Product of the DayJune 24, 2015

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ashton kutcher
Hunter
@aplusk · founder Sound Ventures, Aplus
Excited to hunt Neighborly today. They're making it easy to invest in community projects that matter. I believe platforms like this will provide a better way forward for America. It's also one of our first investments at Sound Ventures. We're excited for what's to come. Hit up @jase their CEO with any questions or ideas.
Jase Wilson
Maker
Hiring
@jase · CEO, Neighborly
Thank you @aplusk! Honored to be part of the Product Hunt community. Our cities borrow over $1 billion each day to build and maintain schools, parks, and other important civic projects, through a process that's been taken over by middlemen and global banks. Neighborly lets you invest directly in those projects, so you can do well financially by doing good for your community. We'd love to hear more about what projects you want to see built in your community! This marketplace is being built for civic visionaries like you and we're working nonstop to curate projects that people care about most. Also, a little more about why this matters for anyone interested.
Miles Matthias@miles_matthias · CTO @EquityEats
@jase This is a greet idea as P3's become more popular and more troublesome. We're doing something slightly similar but strictly for restaurants. (@aplusk we should talk ;) ). Infrastructure (including schools, etc.) is something that people who live in the community should be able to have a stake in, with more than just tax dollars.
Miles Matthias@miles_matthias · CTO @EquityEats
@jase and by the way, I tried to sign up and got a 500 :(
Jase Wilson
Maker
Hiring
@jase · CEO, Neighborly
@miles_matthias Thanks for the heads up Miles! Lots of traffic at the moment, we're looking in to it now
Jeff NeedlesHiring@jsneedles · Data @ Houseparty & Maker of Things
@aplusk Nice hunt! Seems like a really nice interface & solution to a traditionally complex problem.
Jase Wilson
Maker
Hiring
@jase · CEO, Neighborly
Thanks again @miles_matthias, should be all set now :)
Joseph Hsieh@webjoe · Growth.
@aplusk Very cool first hunt! Glad to see you here. @jase Besides being just a broker, I'm hoping the platform will also be a place for discussion and transparency on how the money is being utilized and provide reporting on the results or progress. Will there be ways to involve the stakeholders (city officials) with the benefactors or citizens?
Jase Wilson
Maker
Hiring
@jase · CEO, Neighborly
@webjoe yes! Full project life cycle reporting is part of the long term vision.
Rodrigo Prior@rodrigoprior · CEO @ Welearn
@aplusk any plans to landing in Brazil?
Bo Fishback@bowman · CEO, Zaarly
I've known these guys for a long time and have been super impressed at how they've grown and executed over time. Really exciting opportunity to crack this market open and Jase and his team are the only people I've seen who have a real shot at it. Much love gentlemen.
Jase Wilson
Maker
Hiring
@jase · CEO, Neighborly
@bowman thank you that means the world coming from you. We're huge, huge fans of @Zaarly and you personally
Ryan Hoover@rrhoover · Founder, Product Hunt
Crowdfunding platforms like Patreon and Tilt have been used for community-based initiatives like this, some with great success (this self-funded private police force in Lower Rockridge dramatically reduced crime according to my conversations with @jjbeshara). What common use cases have you seen (or expect) to emerge through Neighborly, @jase?
Jase Wilson
Maker
Hiring
@jase · CEO, Neighborly
@rrhoover thank you for reaching out. Donation-based platforms like Tilt are very powerful for funding all kinds of change in communities especially at the prototype stage. Neighborly started out as a donation-based platform to get started, and helped dozens of communities raise millions of dollars for things like playgrounds and low-cost wireless broadband for low income communities. During that time we learned worlds about the potential and also the limitations of the donation model in funding public goods. We're bringing some of the power of crowdfunding to the $3.6 Trillion municipal securities market. As a scale reference, people (who Wall Street call "retail") buy more municipal bonds every week than Kickstarter has raised in its entire history. Use cases we're already seeing include new types of schools (some charter, others not), municipal wireless mesh networks, low income housing in high-priced markets, skate parks, community solar infrastructure and more. Our hope in the long term is to make the giant, murky market that funds civic projects more accessible to both sides of the table, starting with investors, but eventually making it possible for civic visionaries to do nearly turnkey capital formation for civic projects we're not even thinking about today.
Rodrigo Davies
Maker
Hiring
@rodrigodavies · Head of Product, Neighborly
@jase @rrhoover I spent a couple of years looking at donation-based models for civic projects, and while I think they're awesome at solving, small-scale, uncontroversial issues, they haven't proven they can solve big, hard problems. That's the main reason I decided to join Neighborly last year. The long version: http://rodrigodavies.com/blog/20...
Huge fan of this ... improving your local community while earning a return! Nice work @jase
Jase Wilson
Maker
Hiring
@jase · CEO, Neighborly
@vladtenev wow that means the world coming from you! @robinhoodapp is a massive inspiration, in our minds the strongest example of how to #fintech. Appreciate the mention!
Phil Scarfi@philscarfi · Founder @Pioneer Mobile Applications
This is an awesome concept for those looking for ways to not only learn about investing, but also those who want there community to grow! Truly a win win situation @aplusk @jase