#21 - From Boat Mogul to Startup Funder with Justin Renfro of Wefunder

RBFN Podcast

It’s a fun conversation this week with Justin Renfro, Director of Revenue-Based Financing at Wefunder. Justin shares his journey from a boat mogul with his company Chill Charters to working with thousands of entrepreneurs at Wefunder. Justin discusses his passion for building a diverse range of mission-driven companies, Wefunder’s community-based approach to drive value for founders and capital into businesses, and iterating the platform experience. He shares optimism for the next generation of impact investors and also touches upon the challenges of educating founders about alternative financing.

Key Takeaways

[2:29] Justin’s trajectory

[6:15] Wefunder overview and Justin’s role.

[12:10] Wefunder’s guidance to entrepreneurs.

[15:23] The challenge of explaining alternative finance to founders.

[18:17] The Wefunder founder experience.

[28:12] Overcoming educational challenges in alternative financing.

[33:20] The importance of patience and consistency.

[41:24] Mission-focused investing.

[44:11] Justin’s biggest takeaways from Wefunder.

Resources:
RBF Network
Keith’s Twitter
Keith’s Linkedin

Justin: Wefunder | LinkedIn | Chill Carters
Other links: Elephants, Not Unicorns | Peter Harris