Equity Crowdfunding Brings Greater Equity To Funding - Kendrick Nguyen, Republic - #656
Never miss another interview! Join Devin here: http://bit.ly/joindevin. Women and minorities have traditionally been underfunded in the venture community. Two years since the implementation of the Security and Exchange Commission’s Regulation Crowdfunding, data is beginning to show a shift. Republic CEO and co-founder, Kendrick Nguyen, observes, “If you look at the number of women founders who represent almost 50/50 of entrepreneurs in the U.S. and the venture capital that goes to women founders is in the single digits in certain years and hovering around 10 11 to 14 percent in some other years which reflects a great inequality. And on our platform today as you know some 45 percent of capital invested on Republic has gone to teams with a women founder.” With respect to minorities, he says that 30 percent of the capital raised on the Republic crowdfunding platform goes to founding teams that include an African American or Latino founder. Read the full Forbes article and watch the interview here: http://bit.ly/2IqKeIS. Read the full Forbes article and watch the interview here: http://bit.ly/2IqKeIS. Check out my free webinar where I share the secrets of successful nonprofit crowdfunding at http://crowdfundingforsocialgood.org.