A really marvelous example of financial engineering, via email: https://inkind.com/ It's "0%* interest loans for restaurants" and all of the magic is in the asterisk.
-
-
We will then sell those securitized pizzas to the happy customers your effective pizza-producing operation is sure to generate, at a smaller discount to pizza par than we bought from you. Some of them will be redeemed for actual pizza.
Show this thread -
I have no idea whether this will actually work or not, but the person who emailed it to me said "This seems like very your sort of thing" and, Internets, this is very my sort of thing.
Show this thread -
I particularly like their packaging for House Accounts, which feel to me like something basically every restauraunt with regulars should have available in some form or another. https://www.inkind.com/house-accounts
Show this thread -
House accounts, broadly, enable the transaction "You could pay me $10 for a burger or you could pay me $1,000 for 100 burgers. What do I need to do to get you to pick option #2?" I've only ever had one at a tiny bar in Gifu but they're such a magic UX.
Show this thread -
(For folks who have never had this interaction before: "Your total for today is $56.80, Patrick. Should I charge your account?" "Yes." "OK see you next time!" (plus optionally a reminder of what the remaining balance is) )
Show this thread -
("Why would a tiny bar in Japan offer that and what do their clients get from it?" Because businesses broadly benefit from having cash flow earlier, because that bar expects to be in business for 40+ years, and because it announces to client's table "He's a regular here.")
Show this thread -
("Why would a client want you to announce to their table that you were a regular at the hip bar?" Well you might have a date or business partner at the table who you were trying to impress and, prior to Instagram, this was a useful way to have hip waitstaff say "He's got taste")
Show this thread
End of conversation
New conversation -
-
-
This is great. Was just thinking about such a model (where banks with their capital leveraging can lead but don't) and how small businesses can benefit from Cashflow. Rating creditworth & repayability becomes the important thing.
Thanks. Twitter will use this to make your timeline better. UndoUndo
-
-
-
This is a perfect illustration of how inKind works and why we have funded over 350 restaurants in the past 3 years ($10k - $1.2m). Just depends on how many future pizzas we can sell
Thanks. Twitter will use this to make your timeline better. UndoUndo
-
Loading seems to be taking a while.
Twitter may be over capacity or experiencing a momentary hiccup. Try again or visit Twitter Status for more information.