Name of Startup: Gusher
Year Founded: 2017
Type of company: Fintech
HQ Location: Philadelphia
Platform for founders to launch their companies using performance-based equity.
Problem the startup solves:
Having started many companies I kept running into the same issue over and over…the best ideas and entrepreneurs were not getting funded and their ideas never saw the light of day. These entrepreneurs weren’t getting funded for the most idiotic of reasons…they were not in the right city, or they didn’t have the right connections, or they didn’t attend the right school, they didn’t “look” a certain way, they were too old, they were too young, they were the wrong gender or race, they didn’t have the right experience, the right team, or or or or or…you name it and they were rejected because of it. But rarely was the true reason they were rejected because of their idea.
So I set out to change this. I believe great ideas can come from anyone anywhere. And I believe the market and not venture capitalists should be the judge of whether or not these ideas see the light of day.
So we created Gusher. Gusher is the simple, quick, and easy way to create and build a startup. Without the need for investors. Without the need for capital. How? Gusher helps Entrepreneurs create and launch startups using performance based equity. Everything from technology, media, and health to design, finance, and gaming.
Progress and current status:
We currently have a couple hundred founders on the platform and actively onboarding more.
What is a crazy story about the startup?:
I flew out to Wiscousin with a Gusher founder to meet with a manufacturer to close a deal and get his 1st product run started.
What is a company the startup looks up to, and why?:
None. I don’t have role models or idols or anything like that. I believe in doing it yourself inspiring yourself.
The company in four years will be…