S3E31 - Justin Renfro - A better option than Venture Capital

My next guest has worked in the startup funding industry for over 12 years. In this episode, we talk about the challenges of raising venture capital including the time and the unfortunate number of “no’s” you get before you maybe get one “yes”. If you can’t raise funds from a bank, venture capital, or private equity, then what options remain? We answer that question in this episode. Please welcome Justin Renfro. Key Timecodes (00:43) - Show intro and background history (02:45) - Deeper into his business model (08:12) - Understanding the Wefunder platform (11:50) - Few comments about startup funders' options (14:47) - How to facilitate access to funding and investing in potential business (16:19) - How does the platform make money? (18:36) - Deeper into the platform model (20:24) - How founders can raise capital from the investors in the platform (23:44) - Does the platform actively promote the businesses' campaign pages? (24:45) - What kind of risks do the investors face (25:58) - How the platform brings founders and investors together (29:03) - A key takeaway from the guest (34:07) - What is the worst advice he ever received (35:52) - What is the best advice he ever received (38:56) - Guest contacts Payback Time Podcast A Podcast on Financial Independence. Hosted by Sean Tepper. If you want to learn how to escape the rat race, create passive income, or achieve financial freedom, you came to the right place.