Unlike his peers, engineering student Rohan Shah (E'19) is not waiting around for a job at Apple or an internship at Google to impact the tech scene. When he heard about an upcoming regulatory change in the Jobs Act, Shah decided to pursue his “strong interest in finance and tech startup spaces,” and created Slice Capital.
Prior to May 16th, investors with a net worth of less than $1 million could not have invested in startups,or any other large scale corporations and businesses. With the SEC approval of Title III of the Jobs Act, these non-accrediteds were finally allowed to be involved in equity crowdfunding. This new change gave Slice Capital the ability to allow unaccredited investors to finally get skin in the game. Translation: people who helped crowdfund for a product can now hold stock in that product, too.
Through his company, Shah created an equity crowdfunding platform that enables smaller investors to fund startups with a more affordable investment minimum– completely eradicating Wall Street from the investment process. Now, average individuals are able to buy and sell shares of internally-vetted startups by simply downloading the Slice Capital app on their smartphones. With help from Slice Capital, “investing in new trends is right at your doorstep.”
Although the startup is based right here in Philly, Rohan Shah started the app with his friend Krish Dholakiya, who attends University of Colorado Boulder. The Slice team also features other Penn students, including Aayush Sangrahjka, Anand Prabhu, Christian Butts and Nihar Sheth. As a powerful mix of both Wharton and Engineering students, these guys are redefining investing. (Ed. note: Casual.)
If all of us can get our acts together and start making power moves (aka starting successful companies while simultaneously completing freshman year), maybe we can be the investors or even the startups that Slice Capital is working with. But hey, nothing has ever been wrong with a little procrastination here and there...