Tapping into The Power of Crowdfunding with Woodie Neiss of GUARDD

<p>In 2012, Woodie Neiss was a CFO and entrepreneur who was seeking to change the rules of the investment game. When President Obama signed his crowdfunding bill later that year, it opened a whole new world for individuals to participate in the private capital markets. Today, the crowdfunding industry has surpassed $1 billion in funding and takes place almost entirely online.</p><p>Woodie continues to empower entrepreneurs through his latest venture, GUARDD, where he automates the process of ensuring audited financials with the goal of creating a more liquid environment for private company founders and shareholders. He is a vanguard of empowering founders throughout the lifecycle of their businesses from fundraising to exit.</p><p>On this episode of <em>The Modern CFO</em>, Woodie shares how he architected the roadmap of Regulation Crowdfunding (Reg CF), what is so powerful about crowdfunding, and why one-size regulation does not fit all.</p><p><strong>Show Links</strong></p><ul> <li>Check out <a href="https://www.guardd.com/">GUARDD</a> </li> <li>Connect with Sherwood (Woodie) Neiss on <a href="https://www.linkedin.com/in/sherwoodneiss/?miniProfileUrn=urn%3Ali%3Afs_miniProfile%3AACoAAAADMIQBCiD0zhHlcH3RYgnlR7u-GuU2UPs">LinkedIn</a> or <a href="https://twitter.com/woodien">Twitter</a> </li> <li>Check out <a href="https://www.nthround.com/">Nth Round</a> </li> <li>Connect with Andrew Seski on <a href="https://www.linkedin.com/in/andrew-seski-819b2581/">LinkedIn</a> </li> </ul><p><strong>Key Takeaways<br></strong><br></p><p><strong>2:30 - Tackle outdated investing laws</strong></p><p>In his early days as an entrepreneur, Woodie was frustrated by the inability to tap into individuals as investors, like his large customer base.</p><em>“I had started a company with my brother-in-law called Flavor RX. We flavored medicine for children so they’re more compliant. The coolest thing about our company was a mother got her kid to take her medicine by going into the pharmacy and asking pharmacists to flavor it. The k