Overview
Favorang is a social networking platform built on the concept of indirect reciprocity: I help you and somebody else helps me. Favorang helps users quickly build reputations for giving and then leverage that reputation to get the help they need.

There are many services that focus on helping users build and maintain social networks. Our objective is different. Our goal is help people quickly access resources outside of their established reationships. Our focus is on networking actions and delivering a faster Return on Involvement (ROI).

You can learn more about the business and concept on our blog.

Our Premise

• Building and maintaining traditional relationships is the best route to networking success.
•  
• However, despite the best of intentions, most of us don't always have the relationships we need to get the help we desire.
•  
• Absent an existing relationship, professionals are generally happy to help when one has a good reputation and there are established norms of reciprocity.

How it Works
It is a simple two step process.

1. Build relationship capital by doing favors for others.
   
2. Use your capital to get help and reach your networking goals.

Using Favorang
Members build professional profiles illustrating their professional experience and networking goals. They can then exchange favors with other members either by requesting help from the broader community or a specific person. After favors are exchanged, each member leaves feedback on the other, further helping members build a reputation.

Members can use Favorang for a range of activities including:

• Career development and job searches
  • Learning about new industries
  • Getting information on target companies and their hiring needs
  • Finding hiring mangers and preparing for job interviews
• Business development
  • Understanding the needs of target clients
  • Identifying key influencers and decision makers
  • Researching procurement processes
• Market research
  • Developing insight into unfamiliar industries and issues
  • Building a comprehensive view on partners, suppliers and competitors

Favorang is based in Washington DC.