Platforms like TribVest now handle the legal, accounting, and banking work that once made starting a capital-raising business nearly impossible. Just as Uber and Airbnb lowered barriers in their industries, these vendors let entrepreneurs launch a fund without needing to coordinate securities attorneys, CPAs, and banks themselves.
And just know going into it, it is complex. It's starting a business, right? And there's things that you know and you don't know. But the good news is that there are lead sponsors like Aspen, there are vendors like TribVest that can help you launch a capital raising business easily. And you couldn't have done this 3 years ago, but today you can. Kind of like, we like to compare it to Uber, where you can launch basically a taxi business easily. They changed that game. And same thing with Airbnb. Really hard to buy a hotel and launch it, right? But Airbnb made it easy for people to launch a hospitality business on an app, on software, made it super easy, super accessible for people. Similarly, vendors like Tribest who work with lead sponsors like Aspen are making it really, really easy for people to launch a capital raising business. And what that entails is we do all the hard stuff. You know, there are a lot of complications involved. You typically have to engage with a securities attorney. You have to find a CPA. You have to open a business banking account. You have to file for your entity and get an EIN and find an investor portal and manage your cap table. It sounds complex because it is. But today there are technologies and people and companies that can help you do all those things so you don't have to. Right? Just like Airbnb and running a hotel. You don't have to run a hotel. You need to be able to navigate the software, which is built out and it's super simple to be able to do that.
