131: Equity Crowdfunding in 2020, with StartEngine CEO Howard Marks - a podcast by Sam Marks & Johnny FD

from 2019-10-28T13:10:05

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Howard Marks is the CEO of StartEngine, an Equity Crowdfunding platform that allows ordinary people to invest and help entrepreneurs achieve their dreams. He is an experienced entrepreneur with a history of building successful businesses. Before launching StartEngine, he co-founded Activision (Call of Duty) and was the Chairman of Activision Studios from 1991 until 1997. As a former Board Member and Executive Vice-President of video-game giant Activision, he and a partner took control in 1991 and turned the ailing company into the $37 billion market cap video game industry.

On this episode, Howard explains the impact of Equity Crowdfunding on the economy. He believes that this investment platform is the future of finance, especially for small businesses. He shares his journey in building StartEngine and the vision that led him to transition into crowdfunding - despite his success in his previous career. This is an insightful conversation that is perfect for both entrepreneurs and investors.

Where we are:

Johnny FD – Mexico
Sam Marks – North Carolina

Links:

Time Stamps:

06:04 – Transitioning to Equity Crowdfunding
07:54 – Understanding why other entrepreneurs could not raise money
12:22 – How to unlock a larger pool of investors?
15:55 – “For the first time in 80 years, the ordinary person can invest.” - Howard Marks
17:16 – Why he started Crowdfunding?
18:28 – His first campaign
21:39 – “My biggest justification for what we’re doing was to help entrepreneurs achieve their dreams” - Howard Marks
22:10 – The next challenge: Helping investors trade shares
25:12 – The gift that keeps giving
29:10 – His vision for the years to come
30:28 – “The private small companies are the backbone of the economy” - Howard Marks
31:50 – “Equity crowdfunding is the future of finance for small businesses” - Howard Marks
32:54 – The average capital raise
34:56 – Successful campaigns via StartEngine
35:39 – What they are looking for in an entrepreneur
37:20 – Pieces of advice for early-stage entrepreneurs

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