Justin Potts, co-founder and CEO of Avenify, joins Ethan to discuss their innovative lending platform for income share agreements. The marketplace allows top college students to finance their education debt-free, backed by investors who earn a return when they succeed.
Before launching, he and his co-founder Timo spent 3 months RVing to different colleges across the country. Hear how that's impacted the product, why they've largely eschewed the venture route and where they see tremendous opportunities to grow.
[3:31]: How Justin and Timo have leaned on angels, savings and crowdsourced funding for Avenify
[9:22]: Growing up in Texas, building apps and meeting his co-founder in college
[16:36]: Why they think nursing students are a perfect fit for their product
[19:58]: Joining the Product Hunt mafia
[22:54]: RVing across the country to hear students' stories and understand the market
[25:21]: Transparency, adverse selection and other common ISA concerns
[32:21]: Justin's affinity for a good startup story
Worth website - worth.carrd.co
Avenify website - https://avenify.com/
Republic website - https://republic.co/avenify
Justin's Twitter - https://twitter.com/PottsJustin
Recommendations - https://www.notion.so/book-podcast-recommendations-59abba1db1db4fc2b9b9a4e08edb0b24
