Smart Humans: Wefunder's Nick Tommarello

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"What really matters is building a long-term, sustainable business." - Nick Tommarello

Takeaways

  • Community investing fosters a pay-it-forward culture in the startup ecosystem.
  • Investment strategies should focus on the people behind the startups rather than just the industries.
  • Investors should approach private market investments with caution and due diligence.
  • Community rounds allow companies to engage their customers as investors.
  • The future of crowdfunding looks promising with potential regulatory changes.

Nicholas Tommarello is the Founder and CEO of Wefunder, a pioneering crowdfunding platform that allows individuals to invest in startups. He co-founded Wefunder in 2012, leveraging provisions from the 2012 JOBS Act to enable unaccredited investors to purchase equity in early-stage companies, thereby democratizing access to investment opportunities that were traditionally available only to wealthy individuals.

Tommarello holds an MBA in Entrepreneurship from Babson College and participated in the prestigious startup accelerator Y Combinator in 2013.

FULL TRANSCRIPT

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