B Corp Wefunder Creates Coronavirus Crisis Loan Program for Businesses
Jonny Price is the director of fundraising at Wefunder, which helps startups and small businesses raise capital through investment crowdfunding. Wefunder is a public benefit corporation and Certified B Corporation that employs a democratic approach to channel capital to more women, founders of color, and other underfunded entrepreneurs. The company also enables anyone to benefit from the wealth created by growing businesses.
Before Wefunder, Price founded and led the Kiva U.S. team from 2011 to 2018. He previously worked in strategy consulting for Oliver Wyman for six years. He serves on the Federal Reserve Board’s Community Advisory Council, has a degree in history from the University of Cambridge, and hails from London.
Here are some highlights from the LIFT Economy interview with Price:
- The significance of democratizing investing and capital raising through equity crowdfunding (aka “regulation crowdfunding”).
- Unique opportunities to access capital through Wefunder’s coronavirus crisis loan.
- A breakdown of Wefunder’s fee structure and a comparison with other fundraising platforms.
- The ideal conditions for running a Wefunder campaign.
LIFT Economy is an impact consulting firm with a mission is to create, model, and share a locally self-reliant economy that works for the benefit of all life.
B the Change gathers and shares the voices from within the movement of people using business as a force for good and the community of Certified B Corporations. The opinions expressed do not necessarily reflect those of the nonprofit B Lab.
Raising Funds from the Crowd and Democratizing Investment was originally published in B The Change on Medium, where people are continuing the conversation by highlighting and responding to this story.
