A Mayer Brown team took on an intriguing project for the Financial Times “hackathon,” which encourages innovative solutions to challenges arising from the COVID-19 pandemic. To help local businesses struggling to survive COVID-19, we proposed a Community Business Capital (C2B) Program. Turning a business-to-consumer business model on its head, the C2B Program relies on peer-to-peer lending and crowdfunding to draw the interest of ordinary people looking to preserve cherished local businesses in their communities.
Our hackathon project includes a term sheet that spells out the details of the C2B Program, as well as a press release and short video featuring would-be participants at a cherished local restaurant in Falls Church, Virginia. The team included partners Steve Kaplan, Anna Pinedo, Larry Platt, Lauren Pryor and Jon Van Gorp. View the complete submission.
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