Revenue-Based Financing, 3 Can't-Miss Events and Love-in-a-Box
I’m not a financial advisor; nothing I write in Superpowers for Good should be considered investment advice. You should seek appropriate counsel before making investment decisions.
AI Episode Summary
Devin Thorpe hosts the Superpowers for Good Show, and his guest is Justin Renfrow from Wefunder, a crowdfunding platform.
Wefunder is focused on helping impact companies raise funds through innovative financing structures.
The community round, a term coined by Wefunder, allows startups to raise funds from a larger group of people, simplifying the fundraising process.
Wefunder encourages the use of revenue-based financing as a new financial instrument for founders to raise capital.
Revenue-based financing offers flexibility and a variable payment based on the progress of the business, shifting the focus from equity and future exit events.
Wefunder also simplifies the legal and compliance aspects of fundraising, allowing entrepreneurs to focus on growing their businesses.
Debt deals on Wefunder are attractive for impact companies as they do not require revenue or profitability and have tax simplicity.
Investing on Wefunder allows smaller investments and a diverse portfolio of impact startups for individuals who cannot afford large angel investments.
Justin's experience at Kiva, particularly working with microloans in the US, influenced his passion for supporting entrepreneurs.
His superpower is authenticity, showing genuine interest in others and building personal connections, which has positively impacted his personal and professional relationships.
This is an exciting moment for me. Details have gelled for the next several SuperCrowd events. And you’re invited to all of them.
First, don’t miss my SuperCrowdHour webinar on September 20, 2023, at 1:00 Eastern/10:00 Pacific as I walk you through executable strategies for making money with impact crowdfund investments. Everyone can make money.
Register for just $5 with the discount code “SuperCrowd.” Paid subscribers can attend at no charge! We’ll livestream the event here and across the web, but if you want to be in the virtual room to ask questions, you’ll need to register in advance.
In addition, we’re hosting our first live event in the Greater Salt Lake area; SuperCrowdUtah is October 23. Your “SuperCrowd” code saves 30 percent!
The third event is SuperCrowdHour October, with Woodie Neiss of Crowdfund Capital Advisors sharing his take on the importance of crowdfunding recently notching its second billion dollars of financings.
This Social Entrepreneur May Have Found a Way to Package Happiness - s11 ep10
AI Episode Summary
Jean Gregoire is the CEO and co-founder of Lovebox, a technology company focused on spreading love and joy.
Lovebox is a physical box connected to a mobile app that allows loved ones to send messages to each other.
The Lovebox serves as a source of happiness and connection for users.
Users can also subscribe to receive daily content that improves their lives and promotes positivity.
Lovebox has sold over a quarter of a million units and generated $25 million in revenue.
Jean's superpower is resilience, which he developed through his personal experiences and deep connection to his work.
Resilience is essential for entrepreneurs, especially when facing challenges in funding and other aspects of running a business.
Jean advises others to be deeply connected to their work and to have something else in their lives outside of their projects.
Surrounding yourself with people who believe in your mission and support your goals is crucial for maintaining resilience.
To learn more about Lovebox and to support its mission, visit its website and its Wefunder campaign.
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