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Sophia Amoruso on branding, raising a fund, portfolio construction & more | E1684
This Week in Startups
How Can You Rake in Public?
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Jason Priestley is raising a new fund called 506 C or community raise. It's something that allows you to raise in public, which the SEC won't let you do. You can use it as a way to amplify the fact that you're fundraising and get million dollar checks. But also give access to people who wouldn't otherwise have the opportunity. The first one was 10, the next one was 11, the third one was 44 and the fourth one. We had 52 million in demand already. And we got in a few weeks, not a million in applications, but $6.1 million in applications for checks between two and 20k.
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