Ken Nguyen: Republic Bridging the Gap Between Investing and Startups



We can grander founder and CEO of the public and really excited to speak with you. Today can about republic and so moved to super innovative things. You guys are doing with crowdfunding in republic note in particular. So thanks much for joining us. Brian thank you so much for having me. Wonderful being year. For some people probably haven't heard about Republic Right but republic east of connected with Angel Lists and lists of course had the big impact on crowdfunding I mean there's also growing list right that has come out that we've had on the podcast before as well. Speak a little bit about your background time angels and sort of how that evolves into starting republic. I started out my career securities attorney in New York, and then over time went into asset management in back into academia. So back in twenty, three, thirteen, I got a chance to get introduced to novel and injuries team and became their general counsel Wendy roll out his new investment product costs indication right did everyone knows about but injuries syndication is only available to millionaires or accredited investors then under president, Obama is a change. In US law and very relevant for blockchain laid on as well that did change in the law allow non accredited meaning. Anyone doesn't matter what income and net worth to invest in private securities, and that became fully legal in two thousand sixteen and that's when I left. Angeles to Launch Republic with a-list ended up invested in us. So there a significant backer among many of the VC's suggested to heritage between to companies. Role and yeah, I think many people have heard of the jobs act in in that regulation. So tells a little bit of what was that changed at happened in two thousand sixteen and you know what was the opportunity that opened up back then? If I may take a walk down memory lane or history lane and go little bit far back through the Great Depression in the United States back in the nineteen thirties easily eighty years ago after that will regulate is in DC decided, hey to avoid investigating defrauded no-one can invest in private securities in private company unless they really Ridge if they rich, we assume that this fisted and can you know tolerate the loss of capital that went on for eighty years in even though in the US people spend like eighty billion dollars a year and lottery ticket. And the same amount addict casino, and yet you have to be a millionaire to invest in start it obviously stop making sense a while back, but it took the Obama administration and a change in the law of for that to really now opened a gateway so that anyone if they go through a platform like republic can invest in early stage, Google early stay facebook or a restaurant even and will little bit behind compared to European counterparts particularly the UK and other countries in the EU that had allow up for democratized private investing years before the US. So what inspired you to start Republican? was there anything that you saw during your time angel which convinced you that there was a problem worth solving here? The problem with stuffing I think goes a little bit back before my time at is so my family immigrated to the US from Vietnam in we stuttered out in Palo Alto in the bay area. Just because you're right in the thick of innovation in at Tam Amazon and Google new startups and everyone wanted to invest but like we weren't accredited so we weren't able to invest and even neighbors who were credited meaning millionaires, doctors, lawyers this still couldn't invest either. So Cadillac the teenage me was like men I wish I get to put a little bit of money into Amazon Google early on but couldn't and I think catalyzed stay with me and I went on and became a lawyer Working Wall Street and still couldn't invest privately us so that desire. To make venture capital private investing more accessible I. think There's a little bit of a personal background behind that an angel is each is Amado that when I knew about I was like, wow, these guys are making it possible for my oldest siblings who are physicians and engineers to invest. That's really cool and so that's why I joined injuries back in two thousand thirteen does only a glimmer of the possibility. What we do at Republic is Cadillac to hope that a single mom Vietnam Ecuador when they can invest like five dollars in Assad of in Silicon Valley. blockchain and ICO

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