Season 242 Episode 8238
S1 E30 - Wefunder’s Jonny Price Explains the $5M-in-a-Day Substack Offering
"Jonny Helps Us Understand How Substack Could Raise $5 Million in One Day on Wefunder While Others Don’t http://09nov23.s4g.biz AI Episode Summary Devin Thorpe interviews Jonny Price, VP of Wefunder, on the topic of investment crowdfunding. Jonny has been with Wefunder since 2018 and has witnessed the growth of the company and the industry. Jonny reflects on the progress made in the industry, citing the increase in the cap, new SEC regulations, and the rise of community rounds. Although investment volume in the market has decreased, Wefunder has remained steady and continues to grow, contributing to the vision of expanding the market for crowdfunding. Jonny acknowledges that while the potential for market growth is significant, it may not reach a thousand-fold increase, but a hundred-fold increase is achievable. Jonny emphasizes the importance of crowdfunding for small businesses and Main Street SMEs, as they often have limited access to capital and can benefit from raising funds from their community. Substack's success in raising $5 million in 24 hours on Wefunder is attributed to the company's large and passionate user base. Jonny suggests that building an incredible product and company with a loyal customer base is the key to successful crowdfunding campaigns. Jonny believes his superpower is his relentless positive energy and resilience, which has helped him overcome challenges in his career and personal life. He suggests practicing gratitude and focusing on one's zone of genius to maintain a positive mindset and achieve success. http://superpowers4good.com"
