Big Changes In Small Finance

Law360, New York (March 2, 2011, 3:00 PM EST) -- Trying to make a movie? Want to enable a third-world entrepreneur? How about helping finance a soldier trying to rebuild his home after a natural disaster? The spirit of altruism has always spurred us to do our best to reach out and help others.

But geographic distance, transaction costs and risk aversion always seem to conspire against funding of small, but otherwise worthwhile projects. The solution, some say, is developing as a result of new Web-based facilities that use micro-payment technology and social media applications to...
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