These days, we’re hyper-focused on marketplaces, communities and social platforms. We love these platforms for…
Marketplaces / Social / Collaboration / Network Effects
We at Version One are becoming increasingly convinced that stronger local communities can help solve many of the problems we are currently facing. When you think about it, most things that people truly care about are local issues. Do we have access to good schools? Is our neighbourhood safe? Do we have access to good […]
These days, we’re hyper-focused on marketplaces, communities and social platforms. We love these platforms for…
One of the first blog posts that Boris shared with me when I was starting…
We at Version One are becoming increasingly convinced that stronger local communities can help solve many of the problems we are currently facing.
When you think about it, most things that people truly care about are local issues. Do we have access to good schools? Is our neighbourhood safe? Do we have access to good stores nearby to do our daily shopping? Are there any facilities, sports clubs, not-for-profit organizations where our kids can go after school?
Making progress toward addressing these issues usually requires a combination of factors. First, some of the local projects need funding. Second, they need a community leader who will take the initiative to find a solution. And they need awareness within the community (you need to know that somebody is working on it and needs your input).
Several tools already exist to help local communities become stronger. Current examples are Nextdoor and Facebook Groups on the social networking side and GoFundMe on the fundraising side. We wonder if there is an opportunity for a product that combines a few of the features that these platforms offer into a powerful tool to build, manage and fund local communities.
While we don’t have an exact product in mind, we think that the tool should have a few characteristics:
Those are our initial thoughts, and we’d love to get any feedback. Who else has been thinking about this? What tools already exist out there (besides the ones I mentioned)? Do you agree or disagree that slicing and dicing the product around local communities makes sense (vs. using more horizontal products like GoFundMe)?
Looking forward to hearing what everyone thinks. And for more thoughts on social platforms in general, here is our book: https://versionone.vc/social-handbook/
Portfolio
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