Tribevest makes it easy, fast and social to form a business and invest with friends and family
- Tribevest CEO Travis Smith decided on a fishing trip with his brothers that they wanted to invest together.
- Using software like Tribevest enables friends and families to create multi-member LLCs, organization documents, and bank together.
When you look at investment behavior, people are more likely to invest in things family and friends invest in than they are to follow professional advice. That’s why there have been an infinite number of social investment platforms created that allow investors to copy one another. But when it comes to investing in real estate or creating businesses together, friends and families had to essentially recreate the wheel each time they made an investment. That includes creating a company with legal documents, funding an account, managing a cap table. There’s a lot that goes into it and that’s what Tribevest wants to help with.
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Tribevest is an early stage company that provides what an investor group needs to make investments: including a bank account, a schedule of contributions and communication tools. CEO Travis Smith joins me on the podcast to talk about his own personal journey putting money in private investments that he took with his brothers. We talk about who’s using the platform, the investment use cases he’s seeing on the platform, and his plans for the future.
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