emerging backyard markets
An interesting idea -- local, not completely appetitive capitalism.
via jefftrexler, a reader of Gifthub. Do not know if Jeff is somehow related to W. Trexler Proffit in the story.
LanX would be for small- and medium-sized companies — like restaurants and clothing stores, for example — that aren't large enough to use venture capital or angel investors, let alone make it on the New York Stock Exchange or Nasdaq, Proffitt said.
As an investor, "you get a say but you don't get a controlling say," he said. more