In this conversation, Jonny Price, President, Banter of WeFunder, shares his journey from management consulting to the nonprofit sector and eventually to his current role at WeFunder. He discusses the challenges and rewards of transitioning to nonprofit work, the importance of personal fulfillment over financial gain, and the lessons learned from adversity. Jonny reflects on the strengths and limitations of the nonprofit model and how WeFunder addresses these challenges. He emphasizes the significance of optimism and support from loved ones during difficult times. In this conversation, Jonny from WeFunder discusses the mission of the company to defend capitalism by making investment opportunities accessible to a broader audience. He explains the evolution of investment laws, the challenges faced in capital raising, and the misconceptions founders have about the timing and approach to raising capital. Jonny emphasizes the importance of retail investor participation and shares personal reflections on life and career choices.
Takeaways
Jonny Price is the President of WeFunder, a crowdfunding platform.
He transitioned from management consulting to nonprofit work at Kiva.
The decision to join Kiva involved a significant pay cut.
Jonny's experience in Zambia influenced his career choices.
He values personal fulfillment over financial gain.
The nonprofit sector faces challenges in attracting talent due to compensation.
Jonny's wife has supported him through career transitions.
He believes in the importance of optimism during tough times.
Lessons from personal experiences shape his perspective on life.
Adversity can lead to positive outcomes in both personal and professional life. WeFunder operates as a Public Benefit Corporation, prioritizing mission over shareholder value.
Capitalism needs adjustments to benefit a larger portion of the population.
The Securities Act of the 1930s limited investment opportunities to accredited investors.
The Jobs Act of 2012 allowed non-accredited investors to participate in startup funding.
Founders often seek capital too early instead of focusing on product-market fit.
Investor psychology plays a crucial role in fundraising success.
Raising capital from a position of strength is more effective.
Retail investors should have a share in the wealth created by startups.
Personal reflections on family time and career focus are important.
The future of investing includes more community involvement in funding.
Connect with Jonny : https://www.linkedin.com/in/jonnyprice/
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– Kyle and The Refit Podcast team
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#TheRefitPodcast #KyleKillian #Leadership #ExecutiveLeadership #BusinessLeadership #VeteranLeadership #HardThingAboutHardThings #LeadershipDevelopment #Entrepreneurship #CEOInsights #FounderStories #OperationalLeadership The Refit Podcast is where real leadership happens—no platitudes, no polished corporate speak, just honest conversations about the hard decisions that keep leaders up at night. Hosted by Kyle Killian, former U.S. Navy Intelligence Officer with nearly 30 years of military, corporate, and entrepreneurial leadership experience, this podcast dives into the moments when the playbook stopped working and leaders had to figure it out anyway.
What is The Refit Podcast?
Welcome to The Refit Podcast, hosted by Kyle Killian.
This is where we talk about leadership the way leaders actually experience it—messy, uncertain, and nothing like the books make it sound.
I'm Kyle Killian, founder of Kohora. I spent nearly three decades leading in military, corporate, and entrepreneurial environments—from intelligence missions in Iraq to senior roles at Nike, Converse, and Fanatics.
And here's what I've learned: every single thing in business is a leadership problem.On this podcast, I sit down with CEOs, founders, operators, and fellow veterans who've transitioned to business leadership. We're not here to recite frameworks or share motivational quotes.
We're here to talk about the hard thing about hard things—the decisions that didn't have a right answer, the conversations you couldn't avoid, and the moments that changed how you lead.If you've ever been in a situation where the playbook stopped working and you had to figure it out anyway, this podcast is for you.