$65k Crowdfunded on Angel List and 75,000 Pre-Launch Email With Youngry CEO Ash Kumra

ash-kumra

In Episode #472, Nathan interviews Ash Kumra, an award-winning entrepreneur, author, public speaker, and talk show host recognized twice by the White House as an entrepreneur making an impact. Listen as Ash shares how he runs Youngry, a media company he co-founded that informs, inspires, and elevates young and hungry minded entrepreneurs to thrive.

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Famous Five:

  • Favorite Book? – Inside Steve’s Brain
  • What CEO do you follow? – Mark Benioff
  • Favorite online tool? — Lead.com
  • Do you get 8 hours of sleep?— Yes
  • If you could let your 20-year old self know one thing, what would it be? – “To not be worried about other people’s things”

Time Stamped Show Notes:

  • 01:44 – Nathan introduces Ash to the show
  • 02:10 – Youngry is an entrepreneur media company
    • 02:27 – Youngry provides helpful information from successful entrepreneurs
    • 02:38 – Youngry’s business model provides e-commerce product
    • 03:40 – Youngry provides a community for early stage entrepreneurs to get the best content to help them thrive
  • 05:04 – Ash and his team decided to launch Youngry with an equity crowd funding
    • 05:12 – The new law stating that both credited and uncredited can invest in a deal
      • 05:27 – Difference of credited and uncredited
    • 05:48 – Worked with AngelList
      • 05:53 – AngelList launched an equity crowd funding called Republic
  • 06:15 – Republic.co
    • 06:40 – Minimum amount to invest is $ 10
    • 06:50 – Minimum goal to hit is $ 50,000
    • 06:55 – Youngry hits $ 65,920
  • 07:00 – Crowd safe is a form of a safe note
  • 08:25 – What if people want to donate but think that valuation is crap?
    • 08:30 – “It is not a donation but an actual investment”
    • 08:45 – Questions about crowd funding should go to the crowd forum
    • 09:08 – Youngry made a $ 2 million value
  • 10:00 – Ash and his partner had $ 50,000 as a side money
  • 10:30 – Youngry already made $ 65,000 revenue
  • 11:00 – Youngry is various focus
    • 11:23 – Influence remarking as an e-commerce marking
    • 11:28 – Bigger brands see the value of audience that Youngry is generating
    • 11:32 – In 60 days, Youngry generated 50,000-75,000 audience
    • 12:05 – The crowd funding campaign helped Youngry get fraction from the larger brands
  • 12:28 – Youngry’s event sponsorship
  • 13:15 – Launch date of Youngry is December 2016
  • 13:30 – Connect with Ash through Ash@Youngry.com
  • 15:38 – The Famous Five

3 Key Points:

  1. Equity crowdfunding can be beneficial to both startups and investors.
  2. Study and learn the process before investing – even the legal matters.
  3. Mind your own business. Don’t worry too much about other people’s problems.

Resources Mentioned:

  • Toptal – Nathan found his development team using Toptal  for his new business Send Later. He was able to keep 100% equity and didn’t have to hire a co-founder due to quality of Toptal  developers.
  • Host Gator – The site Nathan uses to buy his domain names and hosting for the cheapest price possible.
  • Freshbooks – The site Nathan uses to manage his invoices and accounts.
  • Leadpages  – The drag and drop tool Nathan uses to quickly create his webinar landing pages which convert at 35%+
  • Audible – Nathan uses Audible when he’s driving from Austin to San Antonio (1.5 hour drive) to listen to audio books.
  • Assistant.to – The site Nathan uses to book meetings with one email.
  • Acuity Scheduling – Nathan uses Acuity to schedule his podcast interviews and appointments
  • Drip – Nathan uses Drip’s email automation platform and visual campaign builder to build his sales funnel.
  • Ash@Youngry.com – Ash’s email address
  • Show Notes provided by Mallard Creatives

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