The Future of Community Investment with Wefunder

Forward

Humanity Forward Productions

Society & Culture

4.8 • 3.2K Ratings

🗓️ 29 July 2024

⏱️ 40 minutes

🔗️ Recording | iTunes | RSS

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Summary

Meet Nick Tommarello, the visionary founder and CEO of Wefunder, to explore the world of community investment and equity crowdfunding. Wefunder empowers startups by allowing everyday people to invest as little as $100 in high-growth businesses, breaking down traditional barriers and democratizing access to entrepreneurial success. In this conversation, you'll learn about the regulatory challenges and triumphs, and the inspiring success stories of startups that have flourished thanks to community support. Nick shares the importance of compliance, the role of the community in investment decisions, and the future of democratized entrepreneurship. Whether you're an aspiring entrepreneur or an investor looking for new opportunities, Wefunder is transforming the way we think about investment, community, and the future of startups. Watch this episode on YouTube: https://youtu.be/vWYn_C9PuGw Follow Nick Tommarello: https://twitter.com/nicktommarello | https://wefunder.com/ Follow Andrew Yang: https://andrewyang.com | https://twitter.com/andrewyang Get 50% off Factor at https://factormeals.com/yang50 Get an extra 3 months free at https://expressvpn.com/yang Get 20% off + 2 free pillows at https://helixsleep.com/yang code helixpartner20 ---- Subscribe to Forward: Apple — https://podcasts.apple.com/podcast/id1508035243 Spotify — https://open.spotify.com/show/25cFfnG3lGuypTerKDxKia To learn more about listener data and our privacy practices visit: https://www.audacyinc.com/privacy-policy Learn more about your ad choices. Visit https://podcastchoices.com/adchoices

Transcript

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0:00.0	This week on forward.
0:04.0	And what got me so interested in the beginning was it has seemed fundamentally unfair that the wealthy effectively had a government-protected monopoly on investing in some of the highest growth businesses.
0:16.0	And, you know, I can go to Vegas and gamble money with no regulations.
0:21.0	So why can't I just put like a thousand dollars into my friend's company
0:24.4	what I want to support? For me it's all about the relationship between the
0:27.9	founder and investors. That's what drives the platform. That's what I actually care
0:31.3	about. It is my pleasure to welcome to the podcast the founder and CEO of a startup that helps startups.
0:49.0	One of my favorite companies, We Funder, Nick Tomorello, welcome Nick.
0:53.4	Great to be here.
0:54.6	So you are kind of a Johnny apple seed of startups
0:59.4	around the country.
1:01.3	How many companies has we Funder helped to date?
1:05.0	Over a thousand.
1:06.4	Actually, don't know the exact number.
1:08.0	And so for those people listening who've never heard of WeFunder. What the heck is We Funder?
1:13.0	Basically it helps startups raise community rounds, letting their customers and users
1:17.6	invest as little as a hundred bucks alongside the venture capitalists.
1:21.2	And if people listen to the podcast a lot, we had an entrepreneur on who was using we funder
1:30.3	for his healthy cookie company, which is a good fun, it was super wholesome.
1:35.0	And it seems like you were an entrepreneur well, well before we funder kicked off.
1:42.0	Yep, I have not yet had a real job.
1:44.0	Yeah, you're dressed accordingly.
	...

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