Trust Labs company logo
reinventing personal credit, one community at a time1-10 Employees
  • Early Stage
    Startup in initial stages
Website
Company size
1-10 people
Total raised
$5K
Company type
Startup
Markets
LocalCreditTrusted NetworksVirtual Currency
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Trust Labs careers

reinventing personal credit, one community at a time
Everyone who's ever wondered whether to charge a friend for their specialized time faces the same realization: everything about the way money affects personal relationships really sucks.

We are solving this fundamental problem in human relationships by introducing time-denominated virtual currencies for people who know each other IRL, to finally make social capital work the way it could: so generosity translates to relatively tangible wealth.

mCred.org is Trust Labs' first experiment: a web app that lets people trade, store, & use their time as informal currency within their own networks or communities, denominated in groups of minutes, but without attaching that time to a dollar value. Basically, it's just tracking the favors we do for each other & quantifying the social capital created as a result of this generosity.

We've just soft-launched our friends-only alpha in Vegas, which has seen a great response so far.

This is just the first step toward reinventing personal credit.
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Founders
David Ryal Anderson
Avatar for David Ryal Anderson
prev: founded @GreenOptions, @ImportantMedia (both acq.), @openfire, @Trust Labs; Ops @Virgance ->1BOG ->Pure->NRG; @UCSD sociology. scalable tech, social good
Total raised

$5K

Funded over

1 round

Latest round

Feb 2014

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