Learn how we democratize investing, By the people, To the people
Details
There are structural issues in the market for early stage equity investing. Price, VP of Banter at WeFunder comments, "On the founder side you have a situation today where 3% of venture capital goes to female-only founding teams; 1% of venture capital goes to Black founders; and 77% of venture capital goes to just three states: California, New York and Massachusetts."
The push to democratize and diversify equity investing has included regulatory changes, such as the advent of Regulation Crowdfunding (Reg CF), which allows entrepreneurs to raise awareness and investment from the communities they touch. In fact, they can now raise up to $5 million through the process. This broadens the pool of individuals from whom founders can raise money, and it allows more people to profit from their growth.
Price explains, "I always come back to the story of Jason Calacanis who invested $25,000 in Uber and made $125 million. This is a guy who was already a millionaire, and now he has $125 million more. What we're excited about is, imagine if that initial $25,000 investment had been spread around 125 people making $200 investments each. That's 125 new millionaires, from Uber drivers to middle-class folks and customers, rather than just one existing millionaire making $125 million more. (Source: Forbes)
At this week's 1 Million Cups, Jonny Price will join Dale Fickett and discuss WeFunder's approach to Reg CF, and how their firm is democratizing and diversifying capital access.
Jonny Price leads the fundraising team at WeFunder, serves as a member of the Community Advisory Board at the Federal Reserve System, and is a former Director & Founder of Kiva, a debt based crowdfunding platform for microlending.
WeFunder is a crowdfunding service that connects startup founders with individual investors online. Wefunder uses a provision in the 2012 JOBS Act which allows entrepreneurs to raise capital from unaccredited investors, and which allows those investors to purchase equity in early stage private companies.
- Invest as Little as $100
- 1 Million Angel Investors are Paying it Forward
- 2,282 Founders Funded
- $574 Million Invested
- 35,316 Jobs Created
- $5 Billion Invested After WeFunder
Learn about the challenges in the private equity market, how Reg CF promises to democratize access, decide if you'd like to be a investor, and how WeFunder could assist your team in your next raise.
The Discussion. 1 Million Cups is a national entrepreneurship program of the Ewing Marion Kauffman Foundation, which promotes peer learning and professional connections that assist entrepreneurs. Since 2014, 1 Million Cups - Richmond has been pioneered by RVA Works, a local nonprofit providing educational and financial services for new business owners. At each 1 Million Cups, business founders as guest speakers share about their ventures and discuss the challenges they face.
Participants leverage their entrepreneurial background, learn from the speakers’ experiences, contribute valuable insights, and share professional connections.
Logistics. Meet entrepreneurs, learn from peers, contribute to the conversation:
- Wednesday, January 18th
- 8:30am EST - Coffee & Connection
- 9–10am EST - Presentation & Discussion
No pre-registration is required. Join us:
Robins School of Business,
102 UR Drive, iLab Room 123
University of Richmond, VA 23173
Parking. Free parking is available in the U5 and U6 lots immediately adjacent to the Robins School. Please enter the main foyer, turn to the left and proceed to room 123 (iLab) on the ground floor.
Please sign in when you enter the room, providing your license plate number.
Or, Join on Zoom Webinar
https://us02web.zoom.us/j/81959079470?pwd=SVpWV0puaFpncXNXeENSQU1JV0Iydz09

