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An alternative finance method for entrepreneurs that requires 1) the cooperation of investors and stakeholders (i.e. the community), and 2) competition among peers
Black Girl Ventures bases their funding model on coopetition; entrepreneurs are invited to present their pitches in front of an audience who then votes on the winner.
When the defining factor in an individual's social status is the leverage that he/she holds in high-profile connections, the quality of his/her personal brand, and the degree to which he/she adheres to social norms.
Due to the prevalence of social media and the minimal value that physical proximity now plays in fostering and maintaining relationships, it is clear that the 21st century is deep into the Age of Influence.
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Genuine relationships that can be leveraged for either personal or professional gains.
Carly has a high level of social capital distribution because she is related to Instagram's top Influencer and dates a backup dancer for Beyoncé