Jonny Price on LinkedIn: 15 Epic Wefunder Community Rounds | 28 comments (2024)

Jonny Price

VP of Banter at Wefunder

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Here are 15 of my favorite Wefunder community rounds.From a YC startup curing cancer in dogs, to a brewery in Appalachia, to a soccer team in Oakland, it's inspiring to look back on some of the stories we've helped write over the last few years.Here's to the democratization of angel investing!

15 Epic Wefunder Community Rounds Jonny Price on LinkedIn

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Alex Bayer

Managing Partner/Founder at Genius Dreams LLC (Crowdfunding & CPG Consulting) / Co-Founder at Genius Juice / Shark Tank Alumni / CPG Vibes Co-Host (#1 Rated CPG Podcast)

1w

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here's my favorite list of Wefunder people1. Jonny Price2. Jonny Price3. Jonny Price

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Brad Vaccaro

Ask me how we can help your business benefit more.

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Jonny Price love Fathom and should have realized they raised a community round since I got turned on to them when I saw Suzanna Rush's meeting summary (thanks for the discount code!) I then set out to determine if they were better than Otter, Fireflies, Zoom, tl;dv and others. No question Fathom crushes the competition on the single most important function: accurate AI notes. Rolling it out to the rest of our team next month....

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William McGuire

vb Multipotentialite. Father of 3. Founder. Investor. Building the Future with Founders, Creators, and Allies

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Well I'm in 6 of those 😁

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Silvia Mah PhD, MBA

Published Author | Igniting Innovation, Impact & Investing through Action & Intentionality | VC | Keynote Speaker | Advocate 4 Diverse Founders | Investor | Servant Leader

1w

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I invested in Lil' Libros on Wefunder - loved being able to do so on such a powerful platform - thank you - and LEAH labs - I did their due diligence through San Diego Angel Conference !! #startupecosystem

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Elliot Grossbard

Stop Selling; Start Helping | Seasoned Sales Leader| Player-Coach | Founder Ally | Relationship Builder | Consultative Sales | Life Long Learner | Scaling founder-led sales into high-performing teams

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Thanks for a fun down memory lane Jonny. As Head of Sales at Arora Project, I had the opportunity to work with a few of the founders you listed here. Tyler Hayes was one of my favorite companies and people to work with and it was an honor to have helped in their raise. As a proud shareholder of Wefunder (f not capitalized) keep up the great work you and Justin are doing!

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Josh Furstoss

Incued | CEO & Founder | Illinois Innovator of the year 2023 | Alchemist Accelerator

1w

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Beehiv is fantastic

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Renuka Apte

Founder & CEO at Clockwork | ex-Dropbox | ex-Nvidia.

1w

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Aww... humbled to be included in this list among these absolute A-listers!

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Jose Ruiz

2x Founder / 1 Exit | Democratizing the Private Markets | Fundraising and Crowdfunding Expert | Angel Investor

1w

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Happy that I found Wefunder 🙌

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Bikash Das Nayon

SEO Optimizer at Upwork and Fiverr.

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That's an impressive list of Wefunder community rounds! From curing cancer in dogs to supporting a brewery in Appalachia, it's heartwarming to be part of these stories. Kudos to > for championing the democratization of angel investing.

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  • Jonny Price

    VP of Banter at Wefunder

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    Starting on July 4th, our entire Wefunder team is riding Amtrak across America. To meet with founders throughout the country, and spread the good word about community rounds.77% of VC dollars go to three states today (California, New York and Massachusetts). But we believe that the democratization of angel investing can fix that. Our full itinerary is as follows: — San Francisco (July 4th)— Portland (July 7th) — Glacier (July 9th)— Grand Forks (July 12th)— Minneapolis (July 13th)— Milwaukee (July 14th)— Chicago (July 15th)— Toledo (July 17th)— Cleveland (July 17th) — Pittsburgh (July 18th)— Philadelphia (July 19th)— New York (July 20th)— Washington, DC (July 21st)If you know any founders in these cities, who are interested in the idea of letting their customers and community invest in their startup, as well as rich people and VCs, then we would love to meet them while we're in town. Feel free to tag them in the comments below, and we'll reach out to connect.wefunder.com/train

    • Jonny Price on LinkedIn: 15 Epic Wefunder Community Rounds | 28 comments (20)

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  • Jonny Price

    VP of Banter at Wefunder

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    I wanted to give a big congratulations to the team at StartEngine for winning the "Best Equity Crowdfunding Site of 2024" award. (As decided by StartEngine).Everyone on our WeFunder [sic] team worked really hard this year, but alas we were pipped at the post by both StartEngine and Republic. (According to StartEngine). In Wefunder's own ranking (which spelled Wefunder with a lower case f), Wefunder was actually only ranked 5th on the list. Being also beaten out by Silicon Prairie and Mr. Crowd.But hey, there's always 2025!

    • Jonny Price on LinkedIn: 15 Epic Wefunder Community Rounds | 28 comments (25)

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  • Jonny Price

    VP of Banter at Wefunder

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    100%. If you let your customers invest, they will love you more, and you will grow faster.

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  • Jonny Price

    VP of Banter at Wefunder

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    Product-market fit is usually spoken of as binary. "You either have it or you don't". But in my experience, it's more of a spectrum. When I joined Wefunder in 2018, my job -- persuading founders that it's cool to let their customers invest in their startup, as well as VCs and angels -- was really hard. Startups could only raise $1M on Wefunder. And we couldn't roll investors up to a single line on their cap table. Ouch.But every year, things have gotten easier and easier.In 2018, we had 140K users on the platform to put founders in front of. Now we have over 2 million.In 2019, we didn't have ApplePay to allow investors to checkout on mobile with the click of a button. Now we do.In 2020, our operational processes, and founder-facing tools were rudimentary at best, and completely broken at worst! Now processes are a lot smoother, and our product is a lot more sophisticated.In 2021, the SEC rolled out significant improvements to the Regulation Crowdfunding laws. Instead of $1M, startups can now raise $5M per year on Wefunder. And we can now roll up investors to 1 SPV on the cap table. Thanks to "Testing The Waters", companies can launch on Wefunder in a couple of hours vs. a couple of weeks, or validate investor demand before committing to launch publicly.In 2022, we rolled out the term Community Round (and the website communityround.com). Hat tip to Andres Kupervaser Gould for coming up with the phrase! We've always hated the term "equity crowdfunding". Firstly, it sounds like Kickstarter. And secondly, "crowd" funding sounds un-prestigious. Raising from your community sounds cool. Who doesn't want to build stronger community among their users? Over the last few years, more and more venture-backed startups have started to run community rounds on Wefunder, as part of larger, VC-led rounds. Companies like Arrived, beehiiv, Levels, Mercury, Replit, Substack. Not because they needed the money. But because they saw the value in letting their customers invest. That it would delight their users, strengthen their community, and accelerate their growth.Perhaps most importantly of all, our Wefunder team is stronger now than at any point in our history. In our NPS survey responses, where founders articulate what they liked about their experience, so many of them reference Suzanna Rush, Jake Suggs, Justin Renfro, Katie Kobetsky (Powers), Frances MacKethan. Wefunder's product is its people. So if our people have more experience and expertise now than they did 5 years ago, Wefunder's product is better too. These are a few examples. But there are hundreds more. Since 2018, when I joined Wefunder, our product has improved every year. It will continue to do so going forward.My job is still hard. Community rounds remain a small percentage of the total (VC and angel) market. But it’s so much easier than it was in 2018. In 2030, it will be so much easier again.

    • Jonny Price on LinkedIn: 15 Epic Wefunder Community Rounds | 28 comments (32)

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  • Jonny Price

    VP of Banter at Wefunder

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    There should be an Effectiveness Quotient (FQ). We have Intelligence Quotients (IQs) and Emotional Quotients (EQs). But there are people who are high IQ and high EQ, but actually relatively low FQ.

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  • Jonny Price

    VP of Banter at Wefunder

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    I was sad to see the news today that Mainvest will be ceasing operations in the next couple of months. Their founder Nick Mathews is awesome. An outstanding operator and leader, deeply committed to the mission of helping more entrepreneurs throughout America raise capital from their customers and community.In his email this morning, he mentioned that Mainvest have enabled over 30,000 investors to invest over $30 million into 450+ small businesses. An incredible impact, which Nick and his team are rightly proud of. Startups are hard. Crossing the chasm is hard. Massive respect for the entire Mainvest team for everything you did to support founders up and down America over the last few years, and blaze a trail for the democratization of angel investing in community-loved businesses.

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  • Jonny Price

    VP of Banter at Wefunder

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    My colleague Serg Rodenzuela just said his founder friend was “Wefunder curious”. Love it 🤣🤣🤣

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  • Jonny Price

    VP of Banter at Wefunder

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    So many NPS survey responses reference "the Wefunder people" and specific people. It's really fun to read 🙂 The feeling is mutual Anna Gudmundson ❤️

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