The Wisdom of the Crowd Makes Better Decision Makers Than Gate Keepers

Jonny Price is VP of Fundraising at WeFunder. WeFunder describes themselves as Robinhood for pre-IPO startups. In May 2016, the Obama administration made it legal for everyday people to invest as little as $100 in startups or other businesses.

On today’s show, Jonny and Marshall talk about how to level the investment playing field. They chat about why it’s a problem that 77% of venture capital has gone to just three states and brainstorm how to build wealth for some of a company's earliest cheerleaders. They also discuss what it means to raise a community round, which is a big part of what On Deck has done for ODX.

As part of this movement to “fix capitalism,” WeFunder has also released an impact report on its website. Jonny talks about it during the episode but you can read the full thing for yourself at https://wefunder.com/pbc.

You can also find Jonny on Twitter @JonnyCPrice

Hosted by Marshall Kosloff and produced by Jackson Steger