Community-sourced loans for SMEs, with George Cook (Honeycomb Credit)

How to Lend Money to Strangers

Brendan le Grange

Credit, Fintech, Management, Lending, Banking, Business, Careers

5 • 2.6K Ratings

🗓️ 13 April 2023

⏱️ 27 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

I scheduled this episode to follow the Honey Badger episode because I liked the alignment of their names, but I could just as easily have linked it to the Wine Funding episode, because we're once again turning engaged fans into even more engaged financiers! Only this time, we're taking all comers.

So when George says Honeycomb is "helping business owners really activate this community of customers and fans and neighbours that they already have, and to level up those customers and turn them into evangelists for their business by getting them on board and then literally invested in the long term success of those businesses" we hear echoes of Maxime, who described his lenders as "the most sincere and genuine ambassadors you can dream of as a wine estate, because they're part of the adventure, and they share that with their friends."

You can find Honeycomb Credit and all their projects over at https://www.honeycombcredit.com/ Twisted's artisanal egg roll project is already funded in Chicago, but maybe check out InBox Beverage in Chestertown (MD) with their turnkey micro-brewing system; or Bless Thy Skin in Riverview (FL), a black-owned, woman-owned, family-owned business that specializes in skincare products and treatments; or even the Rockfish Oyster Bar, a new seafood restaurant coming to Cleveland’s Chagrin Falls neighborhood... there really are so many great options.

They're on LinkedIn, too, where they publish wonderful little glimpses into those projects and the impact that capitalised small businesses are making to their communities.

You can learn more about me on my LinkedIn page, my action-adventure novels are on Amazon, some versions even for free, and my work with ConfirmU and our gamified psychometric scores is at https://confirmu.com/ and on episode 24 of this very show https://www.howtolendmoneytostrangers.show/episodes/episode-24

Oh, and I'll announce it properly, but I'll be recording an episode of this show at Money2020 Europe in June so if you're going to be there, too, let's meet up. And if you're not, but you would still like to participate in the show, reach out to me at https://www.howtolendmoneytostrangers.show/contact-us

Regards, Brendan

Hosted on Acast. See acast.com/privacy for more information.

Transcript

Click on a timestamp to play from that location

0:00.0	Diversify your investments, they say.
0:02.0	Know your unicorns from your zabras, your Nasdaq, from your Nikke.
0:05.5	Thankfully, diversity doesn't have to be difficult.
0:08.3	With one simple investment, F&C Investment Trust gives you access to 400 of the world's best companies
0:13.9	and a dividend that's grown for 50 years.
0:16.2	Visit fnc.com.
0:17.8	It's smart to start with F&C.
0:19.9	Capital is at risk and you may not get back the amount invested.
0:22.4	A group by Columbia 3D Management Ltd. on the 1st of the 2nd, 23,
0:25.5	although rising regulated by the financial conduct authority,
0:28.0	there is no guarantee that dividends will continue to grow.
0:32.9	Now, I've got to start today's episode a little bit differently on a personal whim.
0:37.8	Last week's episode, I was speaking to a company named after the Honey Bedcher,
0:42.4	which is an animal that is always out there in the wild looking for Honeycomb.
0:46.4	So, before we actually get into the meat of our discussion,
0:49.2	George Cook, what inspired the Honeycomb credit name?
0:52.6	So, without giving too much away about the business model,
0:55.2	we have a community-sourced capital model for small businesses.
0:59.2	And so, in grad school, when one of my co-founders and I were brainstorming on how to put a name to this concept,
1:06.7	we kept coming back to B's building a hive together.
1:11.2	And so, we were workshopping all sort of B-themed names.
1:14.9	And our classmates told us, well, B's are scary.
	...

Please login to see the full transcript.

Previous episode | Next episode

Disclaimer: The podcast and artwork embedded on this page are from Brendan le Grange, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of Brendan le Grange and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.