Company Profile (AI Text)
Name: Commissary Club/70M Resources
Canonical URL: https://wefunder.com/70million.jobs
Updated at: 2026-06-26T05:01:00Z

Tagline: 1st social network for 70M Americans w/criminal records.

Elevator pitch: 1-in-3 Americans has some kind of criminal record. We believe the time has come to build a product that unites them. Introducing Commissary Club--the first social network for the 70 million Americans with criminal records. Part social (with the connective tissue of a Facebook), part content (news, music, videos) and part e-commerce (specially curated goods and services, including housing, classes, mentorships, employment, medical and legal services, clothing, marijuana & much more).

Key claims:
- Total raised on Wefunder: 94536 | citation: https://wefunder.com/70million.jobs#claim-total-raised
- Total investors: 177 | citation: https://wefunder.com/70million.jobs#claim-total-investors

Verified facts:
- Total raised on Wefunder: 94536 | observed_at: 2026-06-26T05:01:00Z | expires_at: 2026-06-27T05:01:00Z
- Total investors: 177 | observed_at: 2026-06-26T05:01:00Z | expires_at: 2026-06-27T05:01:00Z

Computed metrics:
- total_amount_raised: 94536
- total_investors: 177
- team_size: 9
- featured_investor_count: 0
- faq_count: 5
- recent_post_count: 0

Quick facts:
- Y Combinator 2017 alum. | citation: https://wefunder.com/70million.jobs#claim-fact-1
- A division of very successful 70 Million Jobs, the 1st national, for-profit employment platform for people w/records | citation: https://wefunder.com/70million.jobs#claim-fact-2
- 11 million + people (with records) in our community + 100's of community partners | citation: https://wefunder.com/70million.jobs#claim-fact-3
- Last large population without its own social network. | citation: https://wefunder.com/70million.jobs#claim-fact-4
- Social networks can return spectacular investment returns (FB, TWTR, SnapChat, Instagram) | citation: https://wefunder.com/70million.jobs#claim-fact-5
- $1M+ ARR | citation: https://wefunder.com/70million.jobs#claim-fact-6
- Investors including: Y Combinator, Founders Fund, mAc Capital, Quake Capital, Insight general partners | citation: https://wefunder.com/70million.jobs#claim-fact-7
- 70MJ valuation has risen 10x since launch. | citation: https://wefunder.com/70million.jobs#claim-fact-8

FAQ:
- Q: Is there a follow-up feedback system in place to track the sustainability/success rate of hired candidates?
  A: We try to track outcomes through both employees and employers. Data can be very incomplete, however. But our people generally do well in the job and employers are pleased with their performance. Thanks for you question
- Q: Several months ago 70Million issued a SAFE with a $600,000 valuation cap. How do you justify an $8million valuation cap now?
  A: We raised at a $6 million cap (not $600k)
- Q: Your SEC Form C Item 26 says the validation cap on the prior SAFE was $600,000. If this is incorrect, you should amend the Form C.
  A: Mike-Here’s the Form C filing as on the SEC site: https://www.sec.gov/Archives/edgar/data/1716822/000167025418000126/xslC_X01/primary_doc.xml I'm not seeing the $600k valuation reference. Can you provide me with a link to what you're looking at. Thanks for your help. Richard
- Q: https://www.sec.gov/Archives/edgar/data/1716822/000167025418000126/documents_list.htm See Item 26 in the Offering Statement
  A: Thank you for bringing this to my attention. WeFunder made an error. I'll have them contact you to confirm this. As I wrote earlier, we raised money on SAFEs immediately after YC w/a $6 million cap. Richard
- Q: Hi Richard. I'm excited about this business idea and am considering investing. What's holding me back is my concern about a lack of concrete numbers. In particular, I'd like to know a) Projected sales revenue for 2018 b) Exactly how many applicants have been placed to date c) ...
  A: Hi, David-thank you for your interest and your important questions. To provide some context, we've been operational for about a year. For the first 8 months, we focused on amassing a large community of active job-seekers (we couldn't offer an honest HR solution without being able to deliver the goods). We now have more than 1 million job-seekers (with records) in our community. Armed with one side of our marketplace, we began pitching large, national employers about 4 months ago. This is a me...