Season 242 Episode 8218
S1 E9 - Revenue-Based Financing Is Friendly to Both Social Entrepreneurs and Impact Investors
"Wefunder Exec Justin Renfro Shares Some of the Advantages of This Simple Debt Structure for Small Businesses http://230829.s4g.biz 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. http://superpowers4good.com"
