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"Rodrigo Davies has thought a lot about civic crowdfunding, first as an adviser to Spacehive, then as an MS student at MIT and, now, as a PhD student in the Work, Technology and Organizations group at Stanford University. Davies is currently on leave from his doctoral research and working as Head of Product at Neighbor.ly, where he is helping build a platform that will allow community members to invest in their cities by purchasing municipal bonds." (http://www.shareable.net/blog/civic-crowdfunding-and-the-public-good)
