Sam Bogoch, Founder of Axle.ai - Four Secrets of Crowdfunding

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Genius founder Sam Bogoch of Axle.ai returns to the podcast to tells us the secrets of equity crowdfunding. Axle.ai helps enterprises with massive video files make them usable. The startup has found great success on Republic and Sam has wisdom to share.

Highlights:

• Sal Daher Introduces Sam Bogoch Founder of Axle.ai Who Is a Returning Guest
• Sam Bogoch’s Back Story Is on Another Episode Titled “Boy Genius, MD & Founder”
• Axle.ai addresses the accumulation of video content in enterprises
• What Axle.ai Does for Its Customers Such as Sports Venues
• Enables Remote Work & Finding Relevant Parts on Massive Video Files
• It’s a Big Problem and Companies Are Getting Acquired – Adobe Bought Frame.io for $1.3 billion
• Video Files Grow Faster than Bandwidth, So Most of Them Are Still on Disk Drives, Not the Cloud
• “...Amazon Web Services, when they're collecting very, very large data sets, they actually send out a tractor trailer-“
• How Do Crowdfunding Investors Get Paid Out?
• “We probably couldn't have gotten to where we are today had we not done that equity crowdfunding.”
• Sam Bogoch and Axle.ai Had a Great Experience at Republic
• Axle.ai Went Live Just Before the COVID Lockdown – Maybe It Helped Because a Lot of People Were on Their Screens
• The Joy of Watching the Investments Come In on Real Time
• Axle.ai Is Growing Fast But Not Fast Enough for VCs
• “Today we have over 1,000 investors in our company.”
• How Much You Can Raise on Republic?
• Sal Daher Pitches Sponsors Purdue University Entrepreneurship and Peter Fasse Patent Attorney
• Secret #1: Be a Business that’s “Crowdfunding-Ready”
• Secret #2: Your Business Has to Be Easily Understood by People
• Secret #3: Be Radically Committed to Communicating with Potential Investors
• Republic Vets Startups Closely Which Leads to a Success Rate of 90%
• Could a Life Science Company Succeed in Crowdfunding?
• “You want to know what it takes to be successful, but you also want to see what flopped and understand what it was about the intersection of the platform, the audience, and the company itself that did not click.”
• “...I do think that taken broadly, that this trend is going to change the way investing happens over the next 5 to 10 years.”
• Relatable Companies Like Nanno (Uber for Nannies) Have Investors Who Use Their Services and Refer Their Friends – They Go Viral
• “It's like Stone Soup at scale.”
• Contact Sam Bogoch at sam@axle.ai to Get His Advice
• Sam’s Company Axle.ai Is Raising Right Now So Check Them Out on Republic
• Secret #4: Have a Really Catchy Video
• Sal Daher Lost 70 Pounds Thanks to Plenity and the HMR Program

Topics: fundraising, Robotics / AI, software