Ash Kumra, an award-winning entrepreneur, author, public speaker, and talk show host recognized twice by the White House as an entrepreneur making an impact. Listen as Ash shares how he runs Youngry, a media company he co-founded that informs, inspires, and elevates young and hungry minded entrepreneurs to thrive.

Famous Five:

• Favorite Book? – Inside Steve’s Brain
• What CEO do you follow? –  Mark Benioff

• Favorite online tool? — Lead.com
• Do you get 8 hours of sleep?— Yes
• If you could let your 20-year old self know one thing, what would it be? – “To not be worried about other people’s things”

 

Time Stamped Show Notes:

• 01:44 – Nathan introduces Ash to the show
• 02:10 – Youngry is an entrepreneur media company
• • 02:27 – Youngry provides helpful information from successful entrepreneurs
  • 02:38 – Youngry’s business model provides e-commerce product
  • 03:40 – Youngry provides a community for early stage entrepreneurs to get the best content to help them thrive
• 05:04 – Ash and his team decided to launch Youngry with an equity crowd funding
• • 05:12 – The new law stating that both credited and uncredited can invest in a deal
  • • 05:27 – Difference of credited and uncredited
  • 05:48 – Worked with AngelList
  • • 05:53 – AngelList launched an equity crowd funding called Republic
• 06:15 – Republic.co
• • 06:40 – Minimum amount to invest is $ 10
  • 06:50 – Minimum goal to hit is $ 50,000
  • 06:55 – Youngry hits $ 65,920
• 07:00 – Crowd safe is a form of a safe note
• 08:25 – What if people want to donate but think that valuation is crap?
• • 08:30 – “It is not a donation but an actual investment”
  • 08:45 – Questions about crowd funding should go to the crowd forum
  • 09:08 – Youngry made a $ 2 million value
• 10:00 – Ash and his partner had $ 50,000 as a side money
• 10:30 – Youngry already made $ 65,000 revenue
• 11:00 – Youngry is various focus
• • 11:23 – Influence remarking as an e-commerce marking
  • 11:28 – Bigger brands see the value of audience that Youngry is generating
  • 11:32 – In 60 days, Youngry generated 50,000-75,000 audience
  • 12:05 – The crowd funding campaign helped Youngry get fraction from the larger brands
• 12:28 – Youngry’s event sponsorship
• 13:15 – Launch date of Youngry is December 1 2016
• 13:30 – Connect with Ash through [email protected]
• 15:38 – The Famous Five

 

3 Key Points:

• Equity crowdfunding can be beneficial to both startups and investors.
• Study and learn the process before investing – even the legal matters.
• Mind your own business. Don’t worry too much about other people’s problems.

 

Resources Mentioned:

• Toptal – Nathan found his development team using Toptal  for his new business Send Later. He was able to keep 100% equity and didn’t have to hire a co-founder due to quality of Toptal  developers.
• Host Gator – The site Nathan uses to buy his domain names and hosting for the cheapest price possible.
• Freshbooks – The site Nathan uses to manage his invoices and accounts.
• Leadpages  – The drag and drop tool Nathan uses to quickly create his webinar landing pages which convert at 35%+
• Audible – Nathan uses Audible when he’s driving from Austin to San Antonio (1.5 hour drive) to listen to audio books.
• Assistant.to – The site Nathan uses to book meetings with one email.
• Acuity Scheduling – Nathan uses Acuity to schedule his podcast interviews and appointments
• Drip – Nathan uses Drip’s email automation platform and visual campaign builder to build his sales funnel.
• [email protected] – Ash’s email address
• Show Notes provided by Mallard Creatives