This Week in Startups - Jessica Jackley, CEO of Profounder, Robert Wolfe, founder of CrowdRise

TL;DR

Crowdfunding platforms like Crowdrise and Profounder are changing the way people raise money for various causes and start-ups, making it more accessible and efficient.

Transcript

today on this week in startups a special founders roundtable edition with guest Jessica Jackley the founder and CEO of pro founder Robert wolf the founder of Crowl Rises also with us and business development girl Kathy Choi will join us for the news all that and more Plus maybe a Tyler insider - on this big like equals until we get the money spendi... Read More

Key Insights

• 💄 Crowdfunding platforms like Crowdrise and Profounder are revolutionizing fundraising by making it more accessible and efficient.
• 🤨 These platforms provide opportunities for individuals to raise money for causes they care about and for entrepreneurs to raise investment capital for their start-ups.
• 👻 Crowdfunding allows individuals to leverage their networks and reach a broader audience, making it easier to attract support and funding.
• 👮 However, there are legal and regulatory considerations that need to be addressed when using crowdfunding platforms, such as securities laws and tax implications.

Questions & Answers

Q: How does Crowdrise work?

Crowdrise allows individuals to raise money for various causes by creating a profile and sharing their stories. People can donate to these campaigns, and the funds raised go towards the cause the individual is supporting.

Q: How does Profounder differ from other crowdfunding platforms?

Profounder focuses on helping entrepreneurs raise investment capital for their start-ups. It allows entrepreneurs to create profiles and attract investors by sharing their business plans and offering equity in return for investments.

Q: What are the benefits of using crowdfunding platforms like Crowdrise and Profounder?

These platforms provide a more accessible and efficient way for individuals and start-ups to raise money. They eliminate the need for traditional fundraising methods and allow people to leverage their networks to attract support and funding.

Q: What are the risks associated with crowdfunding?

One of the risks is that not all campaigns will be successful in raising the desired funds. Additionally, there may be legal and regulatory issues to consider, such as securities laws and tax implications.

Summary & Key Takeaways

• Crowdrise was inspired by Obama's successful fundraising campaign and aims to make giving back fun by allowing individuals to raise money for causes they care about.

• Profounder focuses on helping entrepreneurs raise investment capital through crowdfunding, allowing them to create profiles and share their stories to attract investors.

• Both platforms are focused on democratizing fundraising and providing opportunities for individuals and companies to easily raise money.