When Bad Things Happen to Good Entrepreneurs

When Bad Things Happen to Good Entrepreneurs

Tonio Desorrento

Tonio DesorrentoTonio DeSorrento is the Co-founder and Former CEO of Vemo Education, a platform that offers sustainable financing for higher education. Tonio served in the United States Marine Corps for six years after earning a bachelor’s degree from the United States Naval Academy. After his service, he earned a J.D. from Georgetown University Law Center. Tonio later worked as an Adjunct Professor of Law at the Georgetown University Law Center and a Deputy General Counsel at SoFi, a financial services app.

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Here’s a glimpse of what you’ll learn:

  • Tonio DeSorrento describes how the Vemo Education team raised money to get the business off the ground
  • What’s the impact of the cap table, and what is an executive pool actually about?
  • Why a good lawyer is essential when building your startup
  • Some of the roadblocks Tonio overcame: the COVID pandemic, competitors entering the industry, and more

In this episode…

Starting a new business isn’t cheap — so how do you raise the money to get your dream off the ground? How can you ensure that employees can continue providing for their families during the company’s early days?

Former CEO and Co-founder of Vemo Education, Tonio DeSorrento, shares his story of raising capital for a new business. With host Todd Taskey, Tonio explains the process of finding investors, why a good lawyer is worth the price, and how he overcame multiple setbacks in the process of starting Vemo Education.

Resources Mentioned in this episode

Sponsor for this episode…

This episode is brought to you by Potomac Business Capital, where we help businesses in the lower middle market maximize their value.

By putting a unique twist on the typical banking process, we create satisfied, wealthy clients who make an impact on the world.

Over the past 15 years, we have perfected our strategies for M&A advising and exit planning to guide clients through everything — from pre-deal planning to closing.

To learn more, visit potomacbusinesscapital.com or email todd@potomacbusinesscapital.com.

This episode is also brought to you by Trivest.

Trivest is a top private equity firm created specifically for founders and family-owned companies. They have completed 300+ transactions and are on Inc. Magazine’s Founder Friendly list for 2019 and 2020.

To learn more about Trivest, visit Trivest.com/secondbite.