"The next big thing? D2D's R-bond proposal", Oxford University Case Study

Tufano, Peter (2011) "The next big thing? D2D's R-bond proposal", Oxford University Case Study. [Case]

Abstract

On a wintery day in early 2011, the small team at Doorways to Dreams Fund (D2D) finished up one of their many conference calls, beeps announcing as each person hung up. The ten-yearold organization based in Roxbury, Massachusetts, drew upon a broad range of volunteers including students, business executives, and lawyers to carry out its mission: to use financial innovation to drive improvements in the delivery of financial services to low to moderate income (LMI) households. This virtual team was working on an engaging new product idea—a new retirement product that might simultaneously address the twin problems of households not saving enough for retirement and then arriving at retirement faced with the daunting challenging of turning their savings into an income stream for future years. While the leadership at D2D had long declined to work on retirement issues, claiming that the space was too crowded for the small organization to make a meaningful contribution, D2D found itself dragged into the project by its Chairman. The team had come to see the potential of the particular R-Bond product idea, but they had a much greater challenge ahead: how to finalize the terms of the product and then convince either the Federal government or the private sector to test and launch it.

Item Type: Case
Keywords: finance
Subject(s): Finance
Date Deposited: 01 Apr 2016 14:09
Last Modified: 01 Mar 2017 15:22
Funders: n/a
URI: http://eureka.sbs.ox.ac.uk/id/eprint/5995

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