Spotlight Series: Crowdfunding Expert Richard Swart
RocketHub thrives on entrepreneurs. And we want to help you connect with each other. In the Spotlight Series we highlight RocketHub members and their businesses. Read, learn and get in touch with crowdfunding expert Richard Swart.
Richard has a knack for advising entrepreneurs and platforms on strategy and finance options. His entrepreneurial journey began when he decided to leave academia to pursue his passion for creating businesses. Shortly after, he found himself managing operations for an internet startup that had an exit after eighteen months.
When it comes to overcoming obstacles as an entrepreneur, figuring out how to run a startup from scratch was a big challenge. After his first exit, Richard decided to model a new venture after his start up experience. "I started a firm in a similar space and was bootstrapping the firm—with some runway." Like most entrepreneurs setting out on their first venture, Richard admits he lost touch with cash flow fairly quickly and had to scale back growth significantly And the worst was when he had to resort to layoffs early on during the expansion phase. "I had to hire a strong financial advisor to help me learn how to manage the books and not just the strategy."
"I'm actively expanding networking opportunities for entrepreneurs and small business owners."
Along his journey, he became acquainted with crowdfunding and co authored a white paper for the World Bank about its impact on innovation internationally. It was then that he returned to academia. This time as an advisor and board member to several startups around the world.
These days, Richard leads the UC Berkeley research program on crowdfunding. He is well versed on the topic of international crowdfunding and in his spare time consults for Goldman Sachs. Lately his time is spent traveling to and from Berkeley to Utah, where he lives and spends most of his time raising his young children. Which he jokes are the most expensive startups of all.
FinTech & Crowdfunding Advisory | Strategy | Bespoke Research | Author | Speaker