MI005: Using Equity Crowdfunding to Fund Your Startup with Ryan Vet (Entrepreneurship Podcast)
The Intrinsic Value Podcast - The Investor’s Podcast Network
The Investor's Podcast Network
4.6 • 592 Ratings
🗓️ 11 September 2019
⏱️ 47 minutes
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| 0:00.0 | You're listening to TIP. On today's show, I talk with Ryan Vett about the biggest challenges |
| 0:05.8 | you'll face when founding a startup, what equity crowdfunding is, how to use it to fund your startup, |
| 0:11.8 | how to launch and manage a successful equity crowdfunding campaign, and much, much more. |
| 0:17.0 | For those who don't know who Ryan is, he is a successful entrepreneur, startup advisor, |
| 0:22.2 | investor, and speaker. |
| 0:24.3 | As a millennial himself, Ryan has reached a high level of success and looks to share what he's |
| 0:29.2 | learned along the way to help others achieve their goals as well. |
| 0:33.6 | You're listening to Millennial Investing by the Investors Podcast Network, where your host, Robert |
| 0:39.3 | Leonard, interview successful entrepreneurs, business leaders and investors to help educate |
| 0:44.3 | and inspire the millennial generation. |
| 0:47.3 | Hey everyone, welcome to the show. I'm your host, Robert Leonard. And with me today, I have |
| 1:01.0 | Ryan Vett from Boone. Welcome to the show, Ryan. Thanks for having me, Robert. Excited to be here. |
| 1:06.4 | Let's start today by talking about your story. Walk us through from the very beginning to where you are today. |
| 1:13.2 | Absolutely. In the very beginning, it goes back pretty far. It starts with the quintessential lemonade |
| 1:17.4 | stand, actually. And as cliche as that sounds, it really is where I first learned business. I learned |
| 1:22.5 | that if I could add Kool-Aid to the mix and I could add like slushies and things like that. I could get more of an audience. And then I figured, how could I keep someone captive so I could sell them my drinks? Because in the suburbs of Chicago, you had people walking and running by, but you had to captivate them to actually stop and pay attention to the little car table I had down at the sidewalk. And so I started doing car washes and bike washes. I figured |
| 1:44.6 | if I could get them to either wash their car or their bike, that I would be able to kind of |
| 1:50.5 | captivate them a little bit longer and sell them my candy bars and Kool-Aid and all that. |
| 1:55.8 | In that lemonade stand budget, I tried to call the Chicago Tribune. And when I picked up the phone, |
| 2:01.7 | they said, yes, ma'am. And I was devastated. And that's what you get for being eight or nine |
| 2:06.8 | when you call them. And it was tens of thousands of dollars just for a day. And I knew that wasn't |
| 2:11.2 | going to work out well. So I did what any entrepreneur does. I start my own business that does a |
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