"No less tangible are the business lessons Jain can witness. He has started a crowdfunding platform of his own called Clovest, which helps D.C. businesses raise capital."
Karan Jain, co-founder of Clovest, a Washington, D.C. based crowd funding platform, talks with host Sheila Martel.
"In business, entrepreneur Karan Jain wanted to strengthen local communities, but instead of starting an advocacy organization or community association, he decided to give people a way to literally invest in local businesses through a crowdfunding site."
“Clovest allows people to invest in and support the local businesses that mean the most to them,” says Fundrise’s Miller. “The platform helps to build the same kind of direct ties we are trying to establish between communities and their built and commercial environments.”
"Karan Jain, Clovest CEO, recognized that it was hard for small businesses to obtain loans of less than $100,000, and decided to make it easier by raising funds from communities in the form of zero interest loans."
"Just a little more than one week remains for Carpenter to reach her goal of raising $15,000 through Clovest, a D.C.-based crowd-funding site in which people provide microloans that will eventually be repaid."
"The project is trying to find legs by raising money through Clovest, a Kickstarter-esque fundraising program that requires more involvement from the community and works as a loan rather than seed funding."
"The WJF engages a mentor network of more than 800 individuals who have built, managed or invested in impact entrepreneurs to discover, invest in, connect and educate impact entrepreneurs who are building companies that are making our world a better place."
"What crowdfunding is all about is connecting businesses to their customers and forming a sense of community between them by allowing the customers to feel that they have participated in the development of the business."
"Clovest is meant to connect local businesses with their customers and patrons, and create a deeper connection between their products and the people who use them."
"Clovest is a new funding platform designed to help small businesses raise capital for small to medium-sized projects."