The Currency of Social Capital
The Currency of Social Capital [Pt. 1]
A Report on Real Estate Crowdfunding
Today, entrepreneurs can crowdfund practically anything. From agriculture and design to the arts and technology, crowdfunding and its success stories have been all over the internet. Recently, real estate has become an adopter of the online world of crowdfunding. With its origins deeply rooted in both crowdsourcing and syndication, real estate crowdfunding is a popular tool to generate large sums of capital. Additionally, with the popularity of social web based fundraising, real estate crowdfunding has become a viable tool for investment seekers.
While most research has focused on the overall broad strokes of crowdfunding, little is known regarding the social science of crowdfunding and its “currency” in social capital. This report is aimed at opening a discussion regarding the sociology of real estate crowdfunding and its impact on the real estate community.
Similar to crowdfunding, within real estate crowdfunding, there is a strong correlation between a project and its social ties. [READ MORE]