RBFN Podcast
Learn from the best alternative capital investors in the world. Revenue-based financing investor and thought leader, Keith Harrington, conducts in-depth interviews with other investors who are disrupting the capital markets by offering alternative capital solutions to the traditional VC equity fundraising path. Successful entrepreneurs are demanding more innovation from investors, and Keith’s goal is to bring these investors together to share what they’ve learned, why it’s important to them, and how they apply it to what they do. The Revenue-Based Financing Network Podcast aims to quickly expand this growing industry to support more entrepreneurs and build awareness around the revenue-based financing ecosystem. Learn more and join our community at www.rbfn.org.
RBFN Podcast
#21 - From Boat Mogul to Startup Funder with Justin Renfro of Wefunder
It’s a fun conversation this week with Justin Renfro, Director of Revenue-Based Financing at Wefunder. Justin shares his journey from a boat mogul with his company Chill Charters to working with thousands of entrepreneurs at Wefunder. Justin discusses his passion for building a diverse range of mission-driven companies, Wefunder’s community-based approach to drive value for founders and capital into businesses, and iterating the platform experience. He shares optimism for the next generation of impact investors and also touches upon the challenges of educating founders about alternative financing.
Key Takeaways
[2:29] Justin’s trajectory
[6:15] Wefunder overview and Justin’s role.
[12:10] Wefunder’s guidance to entrepreneurs.
[15:23] The challenge of explaining alternative finance to founders.
[18:17] The Wefunder founder experience.
[28:12] Overcoming educational challenges in alternative financing.
[33:20] The importance of patience and consistency.
[41:24] Mission-focused investing.
[44:11] Justin’s biggest takeaways from Wefunder.
Resources:
RBF Network
Keith’s Twitter
Keith’s Linkedin
Justin: Wefunder | LinkedIn | Chill Carters
Other links: Elephants, Not Unicorns | Peter Harris