A perfect storm of social change, globalization, technological advancement, and changing values is brewing… and alt-capitalism is coming.
The Human IPO
Mike Merrill launched KMikeyM in 2008 which is him. He is the company and you can buy shares in his decisions. Now, around 1,500 people hold shares in Mike. They vote on things like whether or not he should be a vegetarian, whether he should change jobs, and more. This shows us that many people in the next generation of investors… don’t want to be investors. Not in the traditional sense anyway. They want to own things that give them meaning and Coke and McDonalds aren’t it. Check out Vice’s profile of Mike Merrill here.
Meanwhile, the market for crowdfunded securities is developing. In the last year, around $40m worth of crowdfunded securities have been purchased in the US alone. See a report by Sherwood Neiss and Crowdfund Capital Advisors here.
The Shareholder Advantage
Having more than 1,000 shareholders in any business–a local café, a retailer, a web-business, a small service business–is a big deal. This is a huge group of people incentivized to economically support the growth of the business… and it’s already happening.
Take Eazl’s free Investment Crowdfunding 101 course to learn more about this technology/social movement. Stay tuned to this space…!