Banking on Status

Creator centric platforms are at an advantage to beat traditional finance to adapting to the capital needs of creators. They have unique insight into the pipeline and revenue data that traditional financial institutions don’t have and don’t understand.

The key insight here is that the "regular" experience is a form of capital – social capital , to be precise. It's valuable to both the restaurant (which benefits from repeat business and word-of-mouth marketing) and the customer (who enjoys better service and status). However, this capital has traditionally been illiquid and non-transferable. You c... See more