Spark Latest Ideas

georgefletcher
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I’ve been thinking about a new way to create an online peer-to-peer lending site. I’m thinking of creating a platform that would match people who have money to lend (in the form of personal checking or savings deposits) with people who need a loan. This would be a win-win for everyone. Individuals would be able to take advantage of opportunities traditionally only available to banks, e.g., earning revenue by lending out money sitting in your account. Borrowers would benefit from a lower interest rate than they would get from a credit card. My idea for this new company is to help borrowers get out of debt by enabling them to use peer-to-peer loans to get a lower-interest loan. My idea is ...Read more

I’ve been thinking about a new way to create an online peer-to-peer lending site. I’m thinking of creating a platform that would match people who have money to lend (in the form of personal checking or savings deposits) with people who need a loan. This would be a win-win for everyone. Individuals would be able to take advantage of opportunities traditionally only available to banks, e.g., earning revenue by lending out money sitting in your account. Borrowers would benefit from a lower interest rate than they would get from a credit card.

My idea for this new company is to help borrowers get out of debt by enabling them to use peer-to-peer loans to get a lower-interest loan. My idea is that people could use this new platform to negotiate an interest rate between 4% and 6%.

I’ve been in talks with a few people in the industry about starting this company and I’d love to get feedback on my idea to get a better idea of whether this is a viable business idea.

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Anonymous
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I’ve been thinking about how to make it easier for people to give money to charity. I’m thinking about creating an app that allows people to indicate the charity they want to support. The app then tracks what they buy, and every time they use their debit card for a purchase, the app takes a small percentage of the cost and donates it to the charity of their choice. This would make it easier for people to donate to charity and make it easier for charities to collect donations. What do you think? Is this something you would use?

Ive been thinking about how to make it easier for people to give money to charity. Im thinking about creating an app that allows people to indicate the charity they want to support. The app then tracks what they buy, and every time they use their debit card for a purchase, the app takes a small percentage of the cost and donates it to the charity of their choice. This would make it easier for people to donate to charity and make it easier for charities to collect donations. What do you think? Is this something you would use?

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shoon
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If you: Enjoy trading stocks and making money Are hypercompetitive Like to be recognized for your achievements Then you may like my app idea! +++++++++++++++++++++++++++++++++++++ Idea: A hybrid of a social media site (think Facebook, Twitter, Insta) and a stock trading platform (think Charles Schwab, TD Ameritrade, Fidelity).   Why: Retail investors are taking the investing world by storm but there’s no platform that services them. Instead, these traders have self-organized into disparate, informal groups through online forums and message boards. With the right marketing and messaging, a site that helps bring these individuals together and facilitates the online trading culture may become the hub for retail traders.   Where I Could Use Help & Advice – Are there legal risks to brining together non-accredited, individual investors to share trading advice with each ...Read more

If you:
  1. Enjoy trading stocks and making money
  2. Are hypercompetitive
  3. Like to be recognized for your achievements
Then you may like my app idea!

+++++++++++++++++++++++++++++++++++++

Idea:

A hybrid of a social media site (think Facebook, Twitter, Insta) and a stock trading platform (think Charles Schwab, TD Ameritrade, Fidelity).

 

Why:

Retail investors are taking the investing world by storm but there’s no platform that services them. Instead, these traders have self-organized into disparate, informal groups through online forums and message boards. With the right marketing and messaging, a site that helps bring these individuals together and facilitates the online trading culture may become the hub for retail traders.

 

Where I Could Use Help & Advice

– Are there legal risks to brining together non-accredited, individual investors to share trading advice with each other (beyond obvious prohibited acts like insider trading etc.)

– What are the challenges in registering/creating a brokerage. Can anyone create one? What would be the investment required?

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augusttanner
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As an average investor, you don’t have access to the wealth of information financial advisors and banks have. You can read a prospectus, Google a stock, or ask those in your circle, but often times, the information is heavily-quantitative, dense, and impersonal. I want to create a values-based investing app that analyzes your interests and values and recommends portfolios accordingly. My target market is millennial investors, as research has shown that they are more likely to be interested in social impact investing and ESG investing. I anticipate that by offering values-based portfolios, and not the traditional portfolios that are based on risk profiles, we will be able to attract market share and hopefully those who haven’t previously ...Read more

As an average investor, you don’t have access to the wealth of information financial advisors and banks have. You can read a prospectus, Google a stock, or ask those in your circle, but often times, the information is heavily-quantitative, dense, and impersonal. I want to create a values-based investing app that analyzes your interests and values and recommends portfolios accordingly.

My target market is millennial investors, as research has shown that they are more likely to be interested in social impact investing and ESG investing. I anticipate that by offering values-based portfolios, and not the traditional portfolios that are based on risk profiles, we will be able to attract market share and hopefully those who haven’t previously invested because the barrier to entry was too high. Additionally, this hyper-personalized investing experience can help people feel more connected to their investments and hopefully encourage them to invest more and more frequently. 

What do you think? What are some of the risks I’m not thinking of? Would you invest in an app like this?

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