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Lessons From Failure: Borrowing Tools From Your Neighbors

Adam Berk had a vision of creating an online library where neighbors could borrow tools and electronics from one another. Why buy a fancy camera you only needed to use once for a big trip? Why invest the money in physical tools for a home remodeling project if you are never going to need them again? Adam and his best friend Dave spent 5 years creating this utopian community, neighborrow, powered by a new form of currency. Their business model was to eventually white label the product and sell it to large apartment buildings and others who wanted to facilitate a borrowing community. But they never achieved their vision. 

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Posted by: Diana Kander
on August 12, 2013
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  • Public Venture Funds -- and other tactics to avoid in "A Quick Guide to Smart Entrepreneurship Policymaking" http://t.co/wl3xSP0DHV
  • Why Startups Need a Narrow Focus to Successfully Scale http://t.co/TDhOZVXtJu via @eMedCommunity
  • Reinvent Incubators -- and other tips in "A Quick Guide to Smart Entrepreneurship Policymaking" http://t.co/z5AgoprXvA by @MarkMarich
  • @pkennedy5 We don't know of one as of now (although sounds like a great idea). Might check out http://t.co/dSLdQTuCGJ as a resource.
  • New Policy Digest says traditional approach of investments/incubators is ineffective in promoting entrepreneurship http://t.co/JHIjzPsO0K