a presentation I delivered at Betaworks, when we first introduced Sublime
In 2014, there was approximately $1.3 trillion of outstanding student loan debt in the U.S. that affected 44 million borrowers who had an average outstanding loan balance of $37,172.
We can imagine an entire ‘stock market’ for a city — not r/wallstreetbets but ‘Main Street Bets’ — asset prices reflecting the growth and success (or failure) of different communal projects and efforts. We can envision how such liquidity dynamics would dramatically reduce the ‘cost of capital’ for any local ‘social’ entrepreneur and venture,... See more