TSP042 | Jason Best – Crowdfunding at The Rose Garden
Posted by John Livesay in podcast | 0 comments
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Episode Summary
Jason Best is one of the three people responsible for creating the CrowdFund Investment Framework used by President Barrack Obama in the Jobs Act. These important law reforms are what made crowdfund investing legal in the US. Jason talks about his experience with President Obama signing new legislation, as well as on how international companies like Asian raised funds.
Key Takeaways
- 02:00 – What’s Jason’s background and how did he get into crowdfunding?
- 06:50 – Jason talks about his experience at the White House Rose Garden.
- 12:05 – How has the new Jobs Act Obama signed into law affected crowdfunding?
- 14:00 – Raising money for a business is always difficult.
- 18:45 – Jason talks on being a general partner at Crowd Capital Venture Fund.
- 21:20 – How do companies in Asia raise capital?
- 28:20 – You can fund a deal faster by using crowdfunding – saving time for the entrepreneurs.
- 29:10 – New angel investors can make smaller investments through the use of crowdfunding platforms to test the waters and gain experience in the industry.
- 31:55 – Jason recommends How to Be a Power Connector by Judy Robinett.
Tweetables
[Tweet “Crowdfunding is a new way to do a difficult thing.”]
[Tweet “Crowdfunding now is only at page 60 of a 1000 page novel.”]
[Tweet “Give a founder an opportunity and they will find a way.”]
[Tweet “Power of saying yes.”]
Links Mentioned
Crowdfund Capital Advisors
Crowdfund Investing for Dummies by Jason Best
How to Be a Power Connector by Judy Robinett
Jason Best Twitter
Crack The Funding Code!
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TSP031 | Mike Edelhart – Hunting beyond the Unicorn
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Episode Summary
Mike Edelhart is the lead partner for the Social Starts moment-of-inception investment fund and CEO of the Tomorrow Project.
Key Takeaways
-
- 02:30 – How did Mike become an angel investor?
- 07:40 – The team is incredibly important. This can not be emphasized enough.
- 10:00 – Mike believes a good team understands clearly what the company’s mission is.
- 11:46 – Great teams follow their leader with discipline, but not with rigidity.
- 13:25 – Becoming a unicorn is an outcome, not a cause.
- 14:40 – Having the desire to become an entrepreneur isn’t normal.
- 17:00 – Leaders who believe in themselves, their team, and can remain calm when everything goes wrong instills confidence in their team.
- 18:20 – How did Pinterest get started?
- 24:55 – Why did Mike and his team invest in Pinterest in the beginning?
- 27:45 – Entrepreneurs make the common mistake in thinking all investors are the same and they don’t do their homework.
- 30:00 – Mike talks about the rabbit archetype in business.
- 30:50 – Mike breaks down the tortoise archetype.
- 32:45 – What’s the idea behind the bear archetype?
- 36:15 – The final power animal in business is the hawk. Mike explains further.
- 40:00 – Mike recommends the book Extraordinary Popular Delusions and The Madness of Crowds
Tweetables
[Tweet “Entrepreneurship is a socially accepted form of mania”]
[Tweet “What you think is true will probably not turn out to be true”]
[Tweet “Clarity is key trait to get funding”]
[Tweet “Be obsessive about your customers”]
Links Mentioned
SocialStarts – The Venture Bestiary: Hunting Beyond The Unicorn
Extraordinary Popular Delusions and The Madness of Crowds by Charle Mackay
SocialStarts
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TSP030 | Michael Walsh – Slack for Senior Care
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Episode Summary
Michael Walsh is the co-founder of Cariloop and runs the Health 2.0 Dallas chapter. Cariloop is a program that allows people to help manage their older loved ones’ healthcare and needs from start to finish. Michael has raised $500,000 in funding during his first seed round and has some valuable insights to share on what truly makes a successful pitch.
Key Takeaways
- 01:40 – Who is Michael?
- 04:45 – Why was Cariloop founded?
- 10:15 – How/why did Michael pick his accelerator?
- 12:10 – The knowledge and the contacts Michael made at the accelerator were priceless.
- 16:05 – How can entrepreneurs figure out how much their company is worth?
- 20:25 – How has Michael spent the $500k he’s raised?
- 23:10 – How does Michael handle the competitor question with investors?
- 25:45 – Michael believes telling stories is better than pitching.
- 28:00 – Michael recommends the book Delivering Happiness by Tony Hsieh.
Tweetables
[Tweet “A pitch should be a story that you tell investors.”]
[Tweet “What are pain points of your customer that you solve?”]
[Tweet “When you give a customers control during chaos they buy.”]
Links Mentioned
Delivering Happiness by Tony Hsieh
Michael Walsh LinkedIn
Michael Walsh Twitter
Cariloop Website
Cariloop Twitter
Want the Transcription?
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- Click this link
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