Tuesday, December 05, 2006

Hope everyone had a great Thanksgiving.

During my travels I carried along some Entrepreneur and Inc. magazines I'd been meaning to read. I found one really interesting article for a startup company called Prosper.com. Like IdeaTango.com, it's a user-driven, collaborative community. But instead of ideas, the site is a peer-to-peer lending website. It's a pretty cool concept that can allow many cash-strapped entrepreneurs to get loans from essentially, next door neighbors. Here's the catch, you have to have good credit to get a decent interest rate. But the rates are lower than most credit cards, so if you're looking for some quick cash flow and have not been able to get a line of credit from the bank, then this would be a good source for you.

On the flipside, if you are looking to get more bang for your buck than a 5% interest savings account can give you, check out the site. Of course remember that with higher reward, comes higher risk.

We're prepping for our presentation tomorrow, and we'll let you know how it goes.

Bryan

IdeaTango.com - A user-driven, collaborative community where creative members provide businesses with innovative ideas for product and services, where both parties financially benefit.

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