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Ep 52: Kendrick Nguyen (Co-Founder of Republic) - on Creating the Amazon of Private Investing

Ep 52: Kendrick Nguyen (Co-Founder of Republic) - on Creating the Amazon of Private Investing

FromSo This Is My Why


Ep 52: Kendrick Nguyen (Co-Founder of Republic) - on Creating the Amazon of Private Investing

FromSo This Is My Why

ratings:
Length:
68 minutes
Released:
Jun 21, 2021
Format:
Podcast episode

Description

Kendrick Nguyen is the co-founder & CEO of Republic - one of the US’s top equity crowdfunding platforms where over USD$ 100 million has already been raised in just 2021 alone. And boasts a heavily curated list of startups that, according to Kendrick, is harder to get into than Harvard!Before Republic, Kendrick was a trading and securities lawyer at Wall Street. Knowing that this wasn’t for him, he eventually transitioned into becoming a Stanford teaching fellow and COO of Kanbar Enterprises. He later became the General Counsel of Angellist (also its first non-engineering hire!) and simultaneously spearheaded Angellist’s expansion into Canada and Europe and the launch of various products. That is, until the JOBS Act passed, which changed the investment landscape and allowed non-accredited investors (i.e. anyone regardless of net worth) invest in startups. With the blessing (and investment!) of Angellist before him, Kendrick decided to launch his own startup, Republic, with the ultimate aim of becoming the Amazon of private investing. Where anyone can invest in the next potential Uber or Airbnb for as little as $10.  Highlights:3:26 Studying neuroscience & law at Berkeley and Oxford4:38 Becoming a securities & patent litigator 7:20 Becoming a teaching fellow at Stanford University11:48 Joining AngelList as its General Counsel & first non-engineering hire14:22 The JOBS Act16:04 The vision for Republic to become the Amazon of private investing17:51 Telling the AngelList board that he wanted to quit & launch his own startup19:46 Getting 2 investments out of 250 VCs in 8 months25:12 Republic’s curation process28:25 The different lens between Republic and VCs31:38 Allowing a 12-year-old founder to raise funds on Republic?!34:48 Getting deal flow37:43 Why startups would raise on Republic & not from other VCs39:47 Republic’s business model42:12 Hallmarks of successful campaigns on Republic43:53 How Sahil Lavingia (founder of Gumroad) raised USD $5 million in 12 hours from just under 7,000 investors45:51 How founders can activate their community51:06 Distinguishing Republic from other competitors52:54 Republic Notes - launching Republic’s own digital tokens54:29 Partnership with Meet the Drapers television show1:00:21 Use of Republic’s recent $36 million for Series A?Show notes: www.sothisismywhy.com/52 ? Sign up for the weekly STIMY newsletter: https://sothisismywhy.ck.page/ebf231f605 
Released:
Jun 21, 2021
Format:
Podcast episode

Titles in the series (100)

A podcast featuring inspiring people about their journey to discovering and living their "WHY" or purpose in life. With your host & producer, Ling Yah, we deep dive into everything from finances to dealing with doubts and setbacks, and how to forge an unconventional career from ground zero! Expect to hear from entrepreneurs, artists, journalists, musicians, Hollywood actresses, VC founders and more. Visit www.sothisismywhy.com for more details!