4.6 • 631 Ratings
🗓️ 23 January 2017
⏱️ 26 minutes
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0:00.0 | Hey, I'm Sean a Compton Game. This is Millennium Money and today we're talking investing in |
0:05.5 | startups just like the big sharks do on Shark Tank. I have Travis and Ryan from New Chip and it is an |
0:13.1 | awesome new company where you can now invest in startups for as low as $100 a month. And they have a really cool concept. It's a new company. |
0:23.3 | They're just launching. And I thought it was awesome to give you this story because a lot of people, |
0:28.1 | you know, are super into Shark Tank and a lot of these different investing shows and want to know, |
0:32.4 | hey, if I find a cool idea, how can I actually invest in that startup and new chip has the answer. Millennial Money with Shawna Compton Game. |
0:59.7 | It will expand your brain. |
1:10.0 | All right. |
1:10.6 | Well, I'm so excited to have Ryan and Chavez from New Chip join me on the podcast. Thank you guys so much for being with me today. |
1:18.3 | Thank you very much for having us. Great to be here. |
1:20.9 | So tell me, Ryan, a little bit about New Chip and kind of how you came up with the concept for the company. |
1:27.9 | Sure. So it goes a long time back, and I'll make it pretty quick. But really, I've been in |
1:32.6 | crowdfunding for years, and I've been putting money to Kickstarter or any go-go all over the place. |
1:37.0 | And I've been burned several times. But I've always had high ideals and ambitions for the future |
1:41.7 | of it. People being able to invest in things they believe in. So it's a core component of being an American. We want to help other people that are |
1:48.0 | entrepreneurs. We want to be entrepreneurs ourselves. And so when I heard these new laws and |
1:53.2 | regulations were changing in 2016 that allowed non-accredited investors, basically the 99% of |
1:58.8 | the population, to actually start investing in the same deals as |
2:02.1 | all the big sharks are. So instead of just watching Shark Tank, you actually get to be in Shark Tank |
2:07.7 | and you get to actually invest your little bit of capital along with some of these big investors. |
2:11.9 | I found to be really, really exciting. And so I decided to build a platform. I started contacting |
2:16.8 | all the platforms in the space. I was about two years behind a lot of them. And I realized, okay, this is not going to work. And I realized that there's a lot of platforms. I said, how can we deal with this issue? Because investors are not going to run a register for 50, 100, or 2,000 platforms just because of the email overload. |
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