(1) I'm not sure it's explicitly stated, but are investors making an investment in Chisos LLC (the parent company) or one of the Chisos funds? (2) Can you provide a link to your Form C and financials? (3) Is the $15K mentioned in your pitch the entire amount of revenues earned...

Hi Kevin - Thanks for the questions. We hope to have our site fully updated by the end of this week. Many of your questions will be answered with information included in that update. To answer your questions though - (1) WeFunder investors are investing in Chisos LLC, the parent company that manages underlying funds. Investors are NOT investing in a fund. (2) That information will be available on the campaign page soon. (3) The $15k (now $18k) is total ISA payments received by Fund I. The ini...

Hello. Would you say that getting money from accredited investors for your funds is your main risk? If so, how will you mitigate this risk? Thanks!

Hi - I would reframe the risk as attracting capital to our CISA investing model in general. As an asset manager, our goal is to raise capital that we then deploy into early-stage opportunities. That capital can be debt-based, equity-based or a hybrid of both. The structure of those capital vehicles can range from standard blind pool 2%/20% funds to geographic or industry focused SPVs. As "Alt-VC" or "flexible-VC" solutions continue to grow, we plan to monetize our CISA asset management softwa...

Hi! How do you know there's a good opportunity for your fintech platform (CISA-based investment underwriting and servicing software)? Have you already had interest from any organization? How big do you think this opportunity will be? Thanks!

Right now we are focused on building the infrastructure and raising early investment capital. Whilst we have had a number of very encouraging conversations on the broader fintech platform, they are early stage and exploratory in nature. These include preliminary conversations with university and university affiliated investor organizations and potential advisors that come from the edtech and online education space. These conversations have focused on ways to structure a fund, or an offering t...

Hi, is this offering for a convertible note, or is this a priced round for LLC membership units? Also, what kind of income will unit holders be allocated, i.e. ordinary business income, carried interest capital gains, dividends, etc? Thanks!

Hi Lucas - This offering is for a convertible note with a valuation cap of $15M ($12.5M for early-bird investors). Unfortunately, we are unable to give any type of tax guidance.

Is the note convertible into common or preferred units of Chisos LLC?

The note is set to convert into preferred units in Chisos LLC. These preferred units benefit from the accelerated (3X) distribution waterfall.

Chisos Updates, Team, and Funding Progress | Wefunder, Home of the Community Round

Addressing the $4T blindspot in startup financing by backing high-potential, overlooked founders.

Unlike banks, we evaluate founders based on future potential, not just assets & financial history.

Chisos’ Convertible Income Share Agreement uncaps equity upside for investors & flexibility for founders.

Wefunder investors receive 3X PREFERRED waterfall position for profit distributions.

Raised $550K pre-seed operating capital & $500K Fund I; currently raising $10mm Fund II.

Developed platform with proprietary underwriting algorithm; automated application & diligence process.

200% online application increase in 2021; 10 completed investments to date.

Proof: ~$20K ISA repayments; Returning ~10% of Invested Capital to Fund I LPs in 2021 (est.).

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