Feb 5, 2024
How can technology make fundraising more accessible and efficient for both seekers and providers of capital?
Angel interviews Jesse, co-founder of VeroVend and DealFlow Exchange. Verivend is a platform that enables quick, secure transactions of large sums of money to facilitate fundraising. The newly launched DealFlow Exchange connects capital seekers and providers to streamline the investment process.
With over a decade of dedicated involvement in the dynamic realm of startups, Jesse Witkowski has honed a multifaceted expertise that spans across diverse sectors, including technology, wealth management, and fintech. His journey is marked by a proven track record of effective leadership, where he has not only guided ventures but also contributed to their significant expansion and success. Jesse's strategic acumen and visionary approach are particularly noteworthy, consistently delivering exceptional results even in resource-constrained environments. His reputation as a seasoned professional underscores his ability to navigate challenges, seize opportunities, and drive sustained growth across various industries.
[00:02:00 - 00:03:00] Beyond Wires and Fees
Verivend allows secure transfer of millions using verified accounts
Removes friction of traditional wire transfers that rely on banks
Nearly $1 billion transferred already through the platform
[00:05:00 - 00:07:00] Matchmaking for Capital Seekers
DealFlow Exchange links those seeking capital with interested investors
Accredited investors access anonymized deal overviews to engage opportunities
Platform to become "social media for private capital"
[00:07:00 - 00:09:00] Casting the Net for Compatible Deals
DealFlow Exchange open to smaller raises of a few million
Fees are economical at $9.99 per month to post deals
Family offices can easily filter for deals meeting their criteria
[00:15:00 - 00:18:00] Investor-First Engagement Model
Puts onus on investors to identify and engage preferred deals
Creates more receptivity in deal principals to investor outreach
Recasts capital raising dynamic closer to "Bumble for investing"
"We have active family offices and other investors perusing the deals we've posted on the equity side, and then we also have direct lenders lined up on the debt side." - Jesse Witkowski
"Everybody's using the big tech companies, right? When you think of the Metas, Teslas, Twitters of the world - they give a ton away, but their valuations are still in the multi-billion dollar range." -= Jesse Witkowski
Connect with Jesse:
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