{"data":{"type":"company_profile","id":113158,"entity_id":"wefunder:company:113158","attributes":{"canonical_url":"https://wefunder.com/klinic","generated_at":"2026-06-12T03:31:33Z","updated_at":"2026-06-11T05:00:41Z","entity_ids":{"company":"wefunder:company:113158","slug":"wefunder:company_slug:klinic"},"profile_visibility":{"owner_published":true,"public_search_results":true,"site_search_listed":true,"privacy_mode":"promote","invite_only":false},"provenance":{"source":"wefunder_public_company_profile","as_of":"2026-06-12T03:31:33Z","claims":{"total_amount_raised":{"source":"FrontCompanySummary#amount_raised","last_verified_at":"2026-06-11T05:00:41Z","as_of":"2026-06-12T03:31:33Z","confidence":"high"},"total_investors":{"source":"FrontCompanySummary#number_of_investors","last_verified_at":"2026-06-11T05:00:41Z","as_of":"2026-06-12T03:31:33Z","confidence":"high"},"active_raise_states":{"source":"Fundraise.visible(nil, nil)","last_verified_at":"2025-02-06T01:17:55Z","as_of":"2026-06-12T03:31:33Z","confidence":"high"},"latest_fundraise_state":{"source":"Fundraise.visible(nil, nil).order(funding_started_at)","last_verified_at":"2025-02-06T01:17:55Z","as_of":"2026-06-12T03:31:33Z","confidence":"medium"}}},"company":{"id":113158,"entity_id":"wefunder:company:113158","slug":"klinic","name":"Klinic","tagline":"Removing barriers between life saving treatments and the patients who need them.","elevator_pitch":"Klinic empowers Independent Practitioners to build medical practices by creating a Shopify-like experience to launch, market, and deliver treatment.","location":"New York, NY","website":"https://klinic.com","total_amount_raised":5000000,"total_investors":4406,"is_funded":false,"is_active":false,"quality_score":5,"related_urls":["https://wefunder.com/klinic","https://klinic.com"]},"media":{"share_image_url":"https://uploads.wefunder.com/uploads/company/custom_card_photo/113158/xxl_Klinic_explore_card_photo.jpg"},"links":{"company_url":"https://klinic.com"},"highlights":[],"quick_facts":[],"team":[{"id":2613095,"entity_id":"wefunder:company_role:2613095","user_entity_id":"wefunder:user:2572850","role":"founder","name":"Avish Bhama","title":"Founder, CEO at Klinic","bio":"3x founder: previously managed product at Carta, founder of automation co Sonia, and founder of bitcoin exchange Vaurum (spun off to Xapo).","avatar_url":"https://uploads.wefunder.com/uploads/company_role/custom_photo/2613095/square_cropped_1610168150981.jpg?1780935915","profile_url":"https://wefunder.com/avish.bhama","linkedin_url":"https://www.linkedin.com/in/avishbhama/","twitter_url":"http://twitter.com/avishbhama","related_urls":["https://wefunder.com/avish.bhama"]}],"featured_investors":[{"id":5810,"entity_id":"wefunder:company_investor_profile:5810","investor_profile_id":2090980,"investor_profile_entity_id":"wefunder:investor_profile:2090980","subject_entity_id":"wefunder:user:2615442","name":"Ellen Petry Leanse","role_title":"","bio":"Digital pioneer, Silicon Valley veteran (Apple, Google, entrepreneurship), Advisor. Stanford instructor., neuroscience educator, author.","avatar_url":"http://uploads.wefunder.com/uploads/user/avatar/2615442/medium_blob.jpg","profile_url":"https://wefunder.com/ellenpetryleanse","endorsement_name":"","investment_total":1000,"investment_info":"Invested $1,000 this round","is_lead_investor":true,"related_urls":["https://wefunder.com/ellenpetryleanse"]}],"investor_memos":[],"tab_counts":{"posts":0,"ask_questions":67,"featured_investors":1,"faq_entries":5},"active_fundraises":[{"id":61928,"entity_id":"wefunder:fundraise:61928","state":"successful","offering_type":"506(b)","funding_type":"note","structure":"ttw","security_type":"equity","currency":"USD","testing_the_waters":true,"min_purchase":100,"max_purchase":9,"funding_target":5000000.0},{"id":61585,"entity_id":"wefunder:fundraise:61585","state":"successful","offering_type":"4(a)(6)","funding_type":"note","structure":"safe","security_type":"equity","currency":"USD","testing_the_waters":false,"min_purchase":100,"max_purchase":9,"funding_target":1000000.0,"funding_started_at":"2022-05-17T16:23:35Z","funding_closed_at":"2022-06-14T04:01:53Z","auto_close_at":"2022-06-14T03:59:59Z"}],"latest_fundraise":{"id":61928,"entity_id":"wefunder:fundraise:61928","state":"successful","offering_type":"506(b)","structure":"ttw","testing_the_waters":true,"can_invest_now":false,"funding_started_at":null,"funding_closed_at":null,"terms":{"eb":null,"nb":null,"txt":null}},"recent_posts":[],"q_and_a":[{"id":208431,"entity_id":"wefunder:comment:208431","question":"June 15, 2022 Shame on you Avish Bhama for taking advantage of us! I just got my hard-earned funding placement bumped 6/14/22 for bigger investors!( it took over an hour of determination to get in on the funding round when I did- system was overwhelmed by us investors trying to help you out). The first bumping email I received yesterday said I wasn't in the system early enough but when I produced my time-stamped email indicating that I got in within the first several hours, then the emails from several employees all indicated that the issue wasn't with Wefunder and that Klinic decided to fix this flow issue of oversubscribing by only taking the biggest investors to fill the SEC allotment. I got the same form letter from Dylan, Madac, Siena and several just signed the \"Wefunder Success Team\". You came to Wefunder I assume to get the support of the little investor and a lifetime support base. If Klinic didn't make this poor, poor choice, then you are getting slimed by the Wefunder staff. I was ready to send several letters to all of your staff yesterday but I see this bumping issue has been going on before yesterday! I am a long-time small investor using several other platforms and have NEVER had this occur. You still have time to go in and honor the time-stamp of the early investors. We will be waiting to see what HONOR your company comes up with. Long-time Investors - Susan and Kevin (You may contact me directly Mr. Bhama at SFrey119@gmail.com with your plan on redemption for us)","author_name":"Susan Elaine Frey","votes":5,"created_at":"2022-06-15T14:07:36Z","canonical_url":"https://wefunder.com/klinic#question-208431","answers":[{"id":208487,"entity_id":"wefunder:comment:208487","answer":"Hi Susan - I'm really sorry about your experience here, as well as others that have posted here. We tried to get as many supporters into our round as possible while also doing it in the most compliant way possible. Based on all of the guidance we got from the SEC, regulatory counsel, and Wefunder, we decided to leave the round open for the full period to give investors as much time as possible to do their own investor diligence on the company. After we got oversubscribed, and our regulatory counsel recommended that we sort investors from largest investment amount to smallest. We tried fitting as many in as we could, but unfortunately those that made commitments of less than $200 couldn't participate. If I could change it, or if there was a way to include everyone's investment in a fully compliant way that our regulatory counsel was comfortable with, I would absolutely try to make it happen. Unfortunately we couldn't though - I'm very sorry and understand this was frustrating for you. thanks, Avish","author_name":"Avish Bhama","votes":1,"created_at":"2022-06-15T23:04:33Z"}]},{"id":208532,"entity_id":"wefunder:comment:208532","question":"I am completely shocked by your response. I can't believe that you are treating and responding to your potential investors and clients like this. You did not even try to fix anything. Yes you can do something about this, so why don't you? Look at yourself trying to convince us that when you have zero money in the bank then everyone who you can grab $100 from is good enough for you, but when you oversubscribe $5M round then it's OK to dump those that backed you up. Tell me please, how did the conversation with your regulatory counsel and Wefunder on this topic go? Did it go something like this: \"Yeah, let's just keep the round open to keep the fat cats rolling in heavily to gobble the round so we don't pay much for investor administration by keeping the investor roster as small as possible, and dumping all of these $100 losers.\" I really don't get it how money and greed can convince people to act like this, but please don't insult my intelligence and try to convince me that this is the right and only way how to treat small individual crowdfunding investors and that there is nothing you can do about it. I would not be surprised that a person with such a poor customer service skills combined with poor business ethics could cause something way worse than this fiasco and had to spend millions on attorneys and PR agencies to get out it. I can't even imagine what would happen if I ran my business in the same manner like you are running yours. That I would set expectations that I will do something for my customers for a certain price on a certain date, and then four weeks later, I would contact them and tell them: \"I am sorry I am too busy now and in order to do your job, I would have to comply with the department of labor regulations and pay my guys little bit extra in overtime pay, so I won't do the job for you at all\". I don't think I will ever again invest in any of your future rounds, because to say it nicely, in my opinion you are \"too saavy to do business with\". Sorry I am also going to cancel our new LinkedIn connection. Good luck to you, I am sure you will need a lot of it.","author_name":"Vilem Fruhbauer","votes":4,"created_at":"2022-06-16T13:29:58Z","canonical_url":"https://wefunder.com/klinic#question-208532","answers":[{"id":208550,"entity_id":"wefunder:comment:208550","answer":"Hi Vilem - I'm sorry you feel this way. Our counsel suggested that we give investors as much time as possible to do their diligence on the company. I elected to take this approach rather than to do a first come first serve approach since investing in startups often requires extra time for full understanding via due diligence. I'm sorry that Wefunder didn't fully communicate this to you upfront - they should have, and I understand you feel frustrated by the misunderstanding. When we got oversubscribed, not everyone can participate in the round, so it would be impossible to make everyone happy. And to be clear, we legally cannot go above $5m in this raise. If there's a way for me or Wefunder to console you beyond the full refund of your $100, please do let me know. thanks, Avish","author_name":"Avish Bhama","votes":3,"created_at":"2022-06-16T16:41:08Z"}]},{"id":208364,"entity_id":"wefunder:comment:208364","question":"Maybe Wefunder isn’t the right platform for nonaccredited crowdfund investors. For future stakeholders in Klinic this is establishing precedence. If bigger investors later come along Klinic will probably cast you aside or minimize your contribution as well. It’s really a slap in the face that they would want our small investments if they hadn’t maxed out. As for Wefunder, I may not be a big investor but I have been excited to support more than 20 raises in the past year. Now that excitement is gone, because the platform is seemingly rigged against a small investor as myself. Guess my money is not really welcome in this space and I should stick to public markets or crowdfunded real estate.","author_name":"Jeffrey Schmitz","votes":4,"created_at":"2022-06-14T19:55:50Z","canonical_url":"https://wefunder.com/klinic#question-208364","answers":[{"id":208482,"entity_id":"wefunder:comment:208482","answer":"Hi Jeffrey - I'm really sorry about your experience here, as well as others that have posted here. We tried to get as many supporters into our round as possible while also doing it in the most compliant way possible. Based on all of the guidance we got from the SEC, regulatory counsel, and Wefunder, we decided to leave the round open for the full period to give investors as much time as possible to do their own investor diligence on the company. After we got oversubscribed, and our regulatory counsel recommended that we sort investors from largest investment amount to smallest. We tried fitting as many in as we could, but unfortunately those that made commitments of less than $200 couldn't participate. If I could change it, or if there was a way to include everyone's investment in a fully compliant way that our regulatory counsel was comfortable with, I would absolutely try to make it happen. Unfortunately we couldn't though - I'm very sorry and understand this was frustrating for you. thanks, Avish","author_name":"Avish Bhama","votes":1,"created_at":"2022-06-15T22:59:47Z"}]},{"id":208357,"entity_id":"wefunder:comment:208357","question":"Very Unhappy! I subscribed as recommended by Jeff and now I am told Cancellation Reason: Klinic's round was oversubscribed and your investment was unable to be included as investments were included based on investment size and date the investment was made. It is not because the timing because there was lots of headroom when I got my subscribe confirmation May 18th at 10am so it has to be the amount??? I invested within the limits, so if your going to prioritize amounts, then you just should have done a Reg D and just took accredited investors. Not to mention, you wait 20+ days to let me know. No A Happy Camper! REPL: Avish - Read what you wrote as a reply below. This is your company and they provide advise, and I can not believe they would provide that advice. It is very simple: Mr Public we are offer an opportunity to invest in our company, but we reward the ones that come the latest and have the most money. Crowd Funding is not about the amount, it is about giving regular people that are passionate a chance to be a part of your company. Instead you took the accredited investor approach and we want the people with the most amount of money and don't worry about when you invest, we will wait to the end and push out those that really acted early and believed in who were passionate about our vision. Just saying Avish, bad decision and not the way to treat your passionate and loyal believers. I would say the actions just did the opposite unfortunately and alienated many of your small passionate investors based on advice that makes no sense in the crowd funding concept. Anyways, wish you guys the best in your adventures, just one small fish that is no longer passionate about the journey.","author_name":"Jim Kreisman","votes":4,"created_at":"2022-06-14T18:50:51Z","canonical_url":"https://wefunder.com/klinic#question-208357","answers":[{"id":208483,"entity_id":"wefunder:comment:208483","answer":"Hi Jim - I'm really sorry about your experience here, as well as others that have posted here. We tried to get as many supporters into our round as possible while also doing it in the most compliant way possible. Based on all of the guidance we got from the SEC, regulatory counsel, and Wefunder, we decided to leave the round open for the full period to give investors as much time as possible to do their own investor diligence on the company. After we got oversubscribed, and our regulatory counsel recommended that we sort investors from largest investment amount to smallest. We tried fitting as many in as we could, but unfortunately those that made commitments of less than $200 couldn't participate. If I could change it, or if there was a way to include everyone's investment in a fully compliant way that our regulatory counsel was comfortable with, I would absolutely try to make it happen. Unfortunately we couldn't though - I'm very sorry and understand this was frustrating for you. thanks, Avish","author_name":"Avish Bhama","votes":1,"created_at":"2022-06-15T23:00:42Z"}]},{"id":208354,"entity_id":"wefunder:comment:208354","question":"Why was my investment cancelled? I invested before it was funded at 100%. I just received email that my investment was cancelled due to larger investments knocking me out.","author_name":"Maxine Dowe","votes":4,"created_at":"2022-06-14T18:19:10Z","canonical_url":"https://wefunder.com/klinic#question-208354","answers":[{"id":208484,"entity_id":"wefunder:comment:208484","answer":"Hi Maxine - I'm really sorry about your experience here, as well as others that have posted here. We tried to get as many supporters into our round as possible while also doing it in the most compliant way possible. Based on all of the guidance we got from the SEC, regulatory counsel, and Wefunder, we decided to leave the round open for the full period to give investors as much time as possible to do their own investor diligence on the company. After we got oversubscribed, and our regulatory counsel recommended that we sort investors from largest investment amount to smallest. We tried fitting as many in as we could, but unfortunately those that made commitments of less than $200 couldn't participate. If I could change it, or if there was a way to include everyone's investment in a fully compliant way that our regulatory counsel was comfortable with, I would absolutely try to make it happen. Unfortunately we couldn't though - I'm very sorry and understand this was frustrating for you. thanks, Avish","author_name":"Avish Bhama","votes":1,"created_at":"2022-06-15T23:01:32Z"}]},{"id":208322,"entity_id":"wefunder:comment:208322","question":"On May 20, I subscribed to this funding round and received an email with the subject \"Your Klinic pledge is confirmed!' My bank account was charged, along with a small fee. Today, June 14, I received an email indicating that my investment had been \"automatically cancelled\" because \"Klinic's round was oversubscribed and your investment was unable to be included as investments were included based on investment size.\" That's not a very good customer experience, in my humble opinion. Maybe it's a good thing, since I wouldn't want to do business with any organization that treats its stakeholders in such a manner.","author_name":"Roger D Summerlin","votes":4,"created_at":"2022-06-14T14:31:04Z","canonical_url":"https://wefunder.com/klinic#question-208322","answers":[{"id":208485,"entity_id":"wefunder:comment:208485","answer":"Hi Roger - I'm really sorry about your experience here, as well as others that have posted here. We tried to get as many supporters into our round as possible while also doing it in the most compliant way possible. Based on all of the guidance we got from the SEC, regulatory counsel, and Wefunder, we decided to leave the round open for the full period to give investors as much time as possible to do their own investor diligence on the company. After we got oversubscribed, and our regulatory counsel recommended that we sort investors from largest investment amount to smallest. We tried fitting as many in as we could, but unfortunately those that made commitments of less than $200 couldn't participate. If I could change it, or if there was a way to include everyone's investment in a fully compliant way that our regulatory counsel was comfortable with, I would absolutely try to make it happen. Unfortunately we couldn't though - I'm very sorry and understand this was frustrating for you. thanks, Avish","author_name":"Avish Bhama","votes":1,"created_at":"2022-06-15T23:03:25Z"}]},{"id":208319,"entity_id":"wefunder:comment:208319","question":"I did invest $100 and I have not canceled my Investment; However I got email today saying my investment is canceled and other I am being told that, while most wefunder investments are first come, first serve, Klinic elected to be largest investors first. So I assume that means that the investment got oversubscribed, and latecomer, larger investors replaced smaller investors who subscribed immediately when the raise started? I don't think this is right.","author_name":"Bakulesh Patel","votes":4,"created_at":"2022-06-14T13:58:07Z","canonical_url":"https://wefunder.com/klinic#question-208319","answers":[{"id":208486,"entity_id":"wefunder:comment:208486","answer":"Hi Bakulesh - I'm really sorry about your experience here, as well as others that have posted here. We tried to get as many supporters into our round as possible while also doing it in the most compliant way possible. Based on all of the guidance we got from the SEC, regulatory counsel, and Wefunder, we decided to leave the round open for the full period to give investors as much time as possible to do their own investor diligence on the company. After we got oversubscribed, and our regulatory counsel recommended that we sort investors from largest investment amount to smallest. We tried fitting as many in as we could, but unfortunately those that made commitments of less than $200 couldn't participate. If I could change it, or if there was a way to include everyone's investment in a fully compliant way that our regulatory counsel was comfortable with, I would absolutely try to make it happen. Unfortunately we couldn't though - I'm very sorry and understand this was frustrating for you. thanks, Avish","author_name":"Avish Bhama","votes":1,"created_at":"2022-06-15T23:03:57Z"}]},{"id":206103,"entity_id":"wefunder:comment:206103","question":"So now I am being told that, while most wefunder investments are first come, first serve, Klinic elected to be largest investors first. So I assume that means that the investment got oversubscribed, and latecomer, larger investors replaced smaller investors who subscribed immediately when the raise started? I don't think this is right.","author_name":"Andrew Lizotte","votes":4,"created_at":"2022-05-24T11:09:08Z","canonical_url":"https://wefunder.com/klinic#question-206103","answers":[{"id":206120,"entity_id":"wefunder:comment:206120","answer":"Hi Andrew - thanks for getting in touch on this. I believe there is a misunderstanding between you and the Wefunder support team. Your investment is currently waiting to clear and should almost certainly be accepted once it clears. I'm following up with Wefunder's support team to get more clarity and they should be in touch on this shortly. Apologies for the confusion.","author_name":"Avish Bhama","votes":1,"created_at":"2022-05-24T14:46:36Z"}]},{"id":243863,"entity_id":"wefunder:comment:243863","question":"when are you intending to post an update?","author_name":"Harry Green","votes":3,"created_at":"2023-04-20T16:50:26Z","canonical_url":"https://wefunder.com/klinic#question-243863","answers":[]},{"id":208637,"entity_id":"wefunder:comment:208637","question":"You cannot do anything. You cannot promise anything. - I can see that. However, I can see that you can actually do something else. You can lie like a champion, and you can without blinking an eye take an advantage of those who backed you up. You have taken away the hope and opportunity to earn interest on investment from those who would need it the most. Same thing like taking money away from a grandmas and grandpas retirees trying to leave something little behind for their heirs, which I can guarantee is the majority of these $100 crowdfunding investors. Congrats to you and your team scoring a big time. Scoring so big, that I would not trust you with a $100 deal, and that I would never consider to do business with you unless this deal is honored, period. You are wasting people's time and playing games for three days with small crowdfunding investors over honoring a $100 investment. - Pathetic. Shame on you!","author_name":"Vilem Fruhbauer","votes":3,"created_at":"2022-06-17T12:32:43Z","canonical_url":"https://wefunder.com/klinic#question-208637","answers":[{"id":208674,"entity_id":"wefunder:comment:208674","answer":"Hi Vilem - Once again, I'm sorry you had a bad experience here. Everything I've expressed to you in my previous responses should sum up and articulate our thought process on the campaign - we prioritized giving investors ample time to do their due diligence on our company prior to making their investment. We're building a company to empower independent practitioners to provide better care for patients struggling with addiction and mental illness. This is an issue that plagues society and is something we care deeply about. We're spending most of our waking hours trying to help solve problems to improve healthcare, and I'm glad we've built a community of supporters who care about our mission through Wefunder. I'm sorry that not everyone (including you and others) were able to participate. Beyond that, I don't think that this is a productive conversation at this point, so if you have any additional questions, please feel free to reach out to Wefunder directly. Wishing you the best. thanks, Avish","author_name":"Avish Bhama","votes":1,"created_at":"2022-06-17T16:09:23Z"}]},{"id":252742,"entity_id":"wefunder:comment:252742","question":"Why no update yet? When?","author_name":"Joe Richards","votes":2,"created_at":"2023-07-05T02:27:56Z","canonical_url":"https://wefunder.com/klinic#question-252742","answers":[]},{"id":245572,"entity_id":"wefunder:comment:245572","question":"When are you going to give an update?","author_name":"John EDWARDS","votes":2,"created_at":"2023-05-03T19:36:58Z","canonical_url":"https://wefunder.com/klinic#question-245572","answers":[]},{"id":208858,"entity_id":"wefunder:comment:208858","question":"Sir, I am sorry you feel like you don't think that this is a productive conversation at this point. I think the most productive part is still ahead us - you receiving an investor feedback why they invested in your startup. You are right though that it has not been a productive conversation by you failing to communicate a specific action plan on how you will make it right to those investors who were ditched unfairly under a very questionable circumstances. It seems to me that you gave an unfair advantage to certain groups of investors and in addition you took away the opportunity to already disadvantaged group of investors. I believe your deal was presented to a group of angel investors who are publishing a newsletter with a large number of subscribers who typically oversubscribe any multimillion-dollar rounds presented to them. Recently this group featured in their newsletter some gluten-free cookie company that also oversubscribed a $5M round within couple days. This tells me that many significant angel investors either already had plenty of time to carefully analyze your deal before it was even launched on Wefunder and / or that there are out there startup newsletters publishers with large number of subscribers dishing out millions of dollars only to follow an investment advice that spent less than a day to analyze your deal. This is very disappointing to me as these are the type of things that will mess up the crowdfunding experience for everyone. I personally would be curious to find out how many of these research newsletter subscribers, who invested thousands of dollars each, know what a form C is and if they would be able to have an intelligent conversation about the financials on the form C with an accounting or financial professional. My feeling is that majority of them invested just because one guy that publishes the newsletter told them to do it and that was the extent of their due diligence. These are the type of investors who I believe funded the majority of your round and the longer you kept it open the more of them you got in. I typically review thousands of deals every year. I have invested in about dozen various telehealth startups, and another dozen of med-tech saas type of gigs, and handful of psychiatric device startups, so when I came across your deal, I did not have to spend too much time on analyzing the market. Telehealth has been around long enough that decacorns in this area already exist. Every psychiatric and counselling practice that I know operates in a telehealth mode since covid started and all of them already have a full medical office software suite for running their practice. Next I went onto the team and started with the the CTO who seemed to me that he should know how to build and run the technical side of this type of platform. Then I checked your LinkedIn profile next linkedin.com/in/avishbhama I checked your work history as a CEO of Sonia, I clicked on the link and it said sonia.com \"website cannot be found\". So I went down your resume and saw a position as a CEO of Vaurum vaurum.com said: \"domain might be for sale\". That was enough due diligence about the team for me to establish at that I would be taking a huge risk by making any kind of investment. Typically, the lead investors should have a deep insider knowledge, so I like to see when they invest $10K or more to convince the rest of us that they really believe they won't loose their investment, and put money where their mouth is. Seeing the lead investor only going in with a $1000, at this point, I realized that I probably could not sleep well, if invested $1000, considering I knew only a fraction of what the lead investor knew and that was the maximum they were willing to risk. I thought that $20M valuation was on the high side, as I have made before investments in similar gigs or med-tech outfits that were already making $1M+ revenues around this valuation. I did not see any significant moat, patents, or other significant differentiators, or anything that will change the world whether your particular startup succeeds or not. Your were making only $5-10K a month while losing $75K a month, but since you had around $3M already raised, I thought at least that should be long enough runway to achieve something, maybe even profitability if everything is done right. I believe in supporting any effort to fix the broken medical care system in the US, so that was the key reason why I decided to throw $100 at this campaign to see, if you will be able to deliver any sort of ROI, or if this is just going to be your third in a row \"domain not found\" or \"domain for sale\" type of deal. To summarize my experience, I personally would have to see some explosive growth first, as well as some really appealing financials, accompanied with you either honoring this deal or doing a down round next time you are crowdfunding, before I would even start to consider to becoming an investor again after this first-time experience dealing with your special ability to irritate large numbers of potential investors and clients.","author_name":"Vilem Fruhbauer","votes":2,"created_at":"2022-06-19T14:42:13Z","canonical_url":"https://wefunder.com/klinic#question-208858","answers":[{"id":208878,"entity_id":"wefunder:comment:208878","answer":"Hi Vilem - So you're upset that you weren't able to invest $100 into a company that you think will fail? You are correct that we have traditional angel investors and VCs that are already backing us - several of our seed investors invested $250k+ prior to us listing on Wefunder, and it was during the process of raising our seed round that we came across the opportunity to do the raise on this platform at the same valuation. You are also correct that many folks on these platforms may not review investment materials, especially when dealing with first come first serve pressures, so by giving investors an opportunity to do a full review, they can take their time in coming up with their own investment decision based on their own conviction and risk tolerance. And finally, you are correct in identifying the prior startups I've worked on. Vaurum was one of the first bitcoin exchanges in the U.S. - we built and scaled it up over 7 years and managed over 75,000 bitcoin. And Sonia Automation was a company that we built to help automate the workflows of insurance brokers (which is something we started thinking through after I found it really hard to get commercial insurance for our bitcoin exchange). Though not the outcomes that we wanted, I wouldn't trade those experiences because I probably made every mistake in the book as a first time founder, and have lots of lessons learned over the years as a result. Hopefully I can take some of those lessons and apply them to building Klinic. One of the lessons I learned is to always trust your intuition, because startups are hard and you won't be able to make the best decisions by trying to please everyone along the way. Sometimes there are lots of loud voices pointing you in lots of different directions, and it's best to listen thoroughly, and then to go with your gut instinct to make the best decision for the company. That's what we did and will continue to do. Source: youtube.com/watch?v=QOczdBlT2v4 Once again, I'm sorry again we weren't able to get you into our round. As I previously mentioned, this isn't a productive discussion at this point. Despite you berating me and the company, and my wanting to correct your mischaracterizations, I think it's best for you to direct future inquiries to Wefunder directly. Best of luck to you. -Avish","author_name":"Avish Bhama","votes":1,"created_at":"2022-06-19T21:34:41Z"}]},{"id":208776,"entity_id":"wefunder:comment:208776","question":"Go to REPUBLIC and be treated professionally is my suggestion.","author_name":"David Milton Lloyd","votes":2,"created_at":"2022-06-18T03:16:11Z","canonical_url":"https://wefunder.com/klinic#question-208776","answers":[{"id":208826,"entity_id":"wefunder:comment:208826","answer":"Hi David - we actually evaluated Republic as a platform, and at that time (a couple months ago) they had a very unstable banking relationship as their custodian bank had terminated the relationship, and they were having regulatory issues with taking investors from NY, which wasn't transparent to most issuers. I'm not sure if these have been resolved for them yet, but we had a much better experience working with the Wefunder team. Despite what most people think, it actually benefits investors to have more time to review investment materials and more time to do their due diligence on deals that they may want to back. First come first serve actually creates a dynamic where investors that want to put in larger investments can't because sometimes larger investments take longer to clear, and so people rush into deals without doing their own homework for the sake of fear of missing out. Wefunder's team supporting ways for investors to have ample time to review diligence materials is a win/win in the vast majority of cases. In cases where deals get sold out, it does unfortunately push smaller investors out, which is why folks have posted about their discontent with being pushed out here. But most investors have an opportunity to fully educate themselves, which is what we advocated for.","author_name":"Avish Bhama","votes":1,"created_at":"2022-06-18T17:07:58Z"}]},{"id":208611,"entity_id":"wefunder:comment:208611","question":"Hello Avish, I believe it was your responsibility to communicate on your updates page: wefunder.com/klinic/updates as well send us an email update, such as: \"Heads up valued investors as our round will most likely oversubscribe, please make sure to increase your investment amount to $200 to ensure your spot in this round\". This would be my expectation what a reasonable and respectful business person should do. I would definitely not expect someone changing the rules after the game is over and behind the participants' backs. Who does that? I challenge you to try to walk into a biker bar and try to kick out some regulars from their spot at table and tell them it's because they are only going to spend $100, but you are going to spend $200 and that's why their spot should belong to you. Let's see how long after this will your conviction last that it was a good idea not to honor a first come first serve system. I bet my $100 that you, nor your counsel would not dare to do something like this in person at a biker bar, so I don't understand how do you dare to do this to small personal investors from behind a computer screen? Why do you keep repeating yourself that \"we legally cannot go above $5m in this raise. \" Do you think that I don't know this? Let me also emphasize that this is not any misunderstanding, this is Wefunder's modus operandi. They should change their tagline from: \"We are fixing capitalism\" to \"Capitalism gone bad\". I as a customer and as an investor expect to be always served on a first come first serve system unless another set of rules is communicated upfront. If a startup intends to accept a $200 minimum investment, then the appropriate way to accomplish this is to set the minimum investment amount at $200. If you wanted to ensure that investors have plenty of time for a due diligence, then you launch what is called \"testing waters campaigns\" help.wefunder.com/ba…ng-the-waters\" On LinkedIn you present yourself as a startup advisor with 10 years of experience, so please don't act like you did not know how to do these things the right way. I appreciate you wrote \" If there's a way for me or Wefunder to console you beyond the full refund of your $100, please do let me know. \" What do you think I have been trying to do for the past three days? 1st attempt in my initial email to you on 6/14 when I asked you: \"Please could you either add me back to this round, or at least honor this deal in the future round and offer me shares at same valuation / terms as below?\" 2nd attempt in my response to Wefunder that you were copied on: \" I hope that arrangements can be made with the founder to honor this deal in a future round and offer shares at same valuation and terms as the current safe notes in this oversubscribed round. I don't think it is an unreasonable request, and I certainly think that that would be the right thing to do given the circumstances.\" 3rd attempt in this discussion forum today couple paragraphs below: \"Let me inform you that this is not the first time something like this happened with a Wefunder deal. Some other founders that I personally dealt with handled identical situations as follows: 1) Keep a roster of these left behind investors 2) Next time you are raising funds, just reserve a batch of adequate number of special shares at the same $20 M valuation and same terms as was this Wefunder round 3) Send a link where and how to invest in these special shares whenever the round goes live.\" So here I go for the fourth time. Hopefully this time both you and Wefunder will finally understand what I am asking of you: 1) Wefunder should never enable founders to discriminate against crowdfunding investors based on questionable set of rules and arrangements made behind their backs, and should always honor a first come first serve system. Nobody else does this, only Wefunder has allowed this to happen way too many times. 2) Klinic - can you make arrangements next time you are going to raise funds - reg CF, Reg A, etc. that you put aside a lot of special shares that will allow to those investors who invested smaller amounts than $200 before this round was oversubscribed to invest at the same valuation and terms as other investors in this round. I can ensure you some of these left behind investors who are still interested in doing business with you after this experience would perceive such gesture that you indeed tried your best to do the right thing and honored this deal.","author_name":"Vilem Fruhbauer","votes":2,"created_at":"2022-06-17T02:30:44Z","canonical_url":"https://wefunder.com/klinic#question-208611","answers":[{"id":208633,"entity_id":"wefunder:comment:208633","answer":"Hi Vilem - I'm very sorry you feel this way. I don't believe that your analogy of kicking someone out at a bar is the same, because startup investing is often more of a long term financial decision that requires careful analysis. For clarity, Wefunder also put up a notice when the round became oversubscribed that not every investment would make it into the offering, which is standard as it gets close to the maximum goal and they wait to see what will happen with some of the blocked investments. The Form C explicitly states that the oversubscription may be handled based on the company's preference, which for us was sorting from largest to smallest. We established this upfront and made it clear. I'm sorry if there was a miscommunication or misunderstanding. It would be impossible to make everyone happy as we had an overflow of investors that we needed to fit into the round. We those to take this approach because, in my experience as a startup founder, investor, and advisor over the past decade plus, I strongly believe that everyone should have a fair amount of time to evaluate a company that they're interested in investing in, and I believe giving people a longer amount of time to do their due diligence is better than rushing people with a first come first serve approach. I consulted with regulators, lawyers, corporate counsel, and Wefunder on this - we received guidance to go this route, and I believe it was the right approach for us. Wefunder has issued your $100 refund, so at this point, if you are still upset with me or with Wefunder, the most I can do is apologize. Regarding your suggestions, on #1, I think you should voice this to Wefunder directly, but as noted in the Form C (we gave investors ample time to read), we chose to sort this way based on the guidance of counsel and I stand by our decision to do this. On #2, I cannot make any promises on if or when we do a future fundraise and at what valuation it may or may not be. If we decide to go this path again, I will keep a list of the folks that wanted to participate and we will notify them ahead of time. Again, I'm sorry to have upset you. It wasn't my intention, but we cannot make everyone happy due to the nature of the round being oversubscribed. Wishing you good luck. thanks, Avish","author_name":"Avish Bhama","votes":1,"created_at":"2022-06-17T11:35:09Z"}]},{"id":208353,"entity_id":"wefunder:comment:208353","question":"Second Andrew Lizotte comments. What a rotten deal. I made an early investment of support and was cancelled overnight because mine was an early smaller investment and was pushed out by later larger investments. I would have even increased my investment if given the opportunity, but I wasn’t even given that. This really sours my perspective on startup investing. Clearly, it doesn’t really matter how early you invest because you can just get pushed out by later big investors. It also tells smaller investors that if there are good opportunities we will push you aside for bigger investors but go ahead and still invest in the opportunities that people aren’t as interested in. Here are some scraps for you…you can invest in these and we will make sure the bigger investors get better returns.","author_name":"Jeffrey Schmitz","votes":2,"created_at":"2022-06-14T18:10:01Z","canonical_url":"https://wefunder.com/klinic#question-208353","answers":[{"id":208488,"entity_id":"wefunder:comment:208488","answer":"Hi Jeffrey - wanted to apologize again. Hope you're able to read my other reply.","author_name":"Avish Bhama","votes":1,"created_at":"2022-06-15T23:05:24Z"}]},{"id":205448,"entity_id":"wefunder:comment:205448","question":"What name is your company registered with at the SEC?","author_name":"James Hollinger","votes":2,"created_at":"2022-05-17T20:39:02Z","canonical_url":"https://wefunder.com/klinic#question-205448","answers":[{"id":205517,"entity_id":"wefunder:comment:205517","answer":"Hi James, it's registered as Klinic, Inc.","author_name":"Avish Bhama","votes":1,"created_at":"2022-05-18T11:54:16Z"}]},{"id":335039,"entity_id":"wefunder:comment:335039","question":"Any updates for investors? I just saw that you raised $24m: https://www.sec.gov/Archives/edgar/data/1926655/000192665526000004/xslFormDX08/primary_doc.xml","author_name":"Justin A","votes":1,"created_at":"2026-06-05T18:48:55Z","canonical_url":"https://wefunder.com/klinic#question-335039","answers":[]},{"id":326330,"entity_id":"wefunder:comment:326330","question":"What is happening with Klinic? I have heard nothing since I invested in 2022? It is now Feb 2026.","author_name":"Ellen Paulette Zazzara","votes":1,"created_at":"2026-02-26T19:01:11Z","canonical_url":"https://wefunder.com/klinic#question-326330","answers":[]},{"id":324584,"entity_id":"wefunder:comment:324584","question":"Any updates in the past 3.5 years? Thank you.","author_name":"Christopher W. Meyer","votes":1,"created_at":"2026-02-06T02:23:57Z","canonical_url":"https://wefunder.com/klinic#question-324584","answers":[]},{"id":321152,"entity_id":"wefunder:comment:321152","question":"Why no update?","author_name":"Earl J Harris","votes":1,"created_at":"2025-12-13T12:14:33Z","canonical_url":"https://wefunder.com/klinic#question-321152","answers":[]},{"id":320119,"entity_id":"wefunder:comment:320119","question":"Hello Avish, there hasn't been an update in too long. Your investors deserve and want to know how you are progressing even if things are going poorly or sideways. Just something. Best wishes, Richard Hill","author_name":"Richard Hill","votes":1,"created_at":"2025-11-23T20:13:02Z","canonical_url":"https://wefunder.com/klinic#question-320119","answers":[]},{"id":318371,"entity_id":"wefunder:comment:318371","question":"Hi Klinic team, are there any 2025 updates for your investors?","author_name":"Mike Storm","votes":1,"created_at":"2025-10-29T19:20:18Z","canonical_url":"https://wefunder.com/klinic#question-318371","answers":[]},{"id":317417,"entity_id":"wefunder:comment:317417","question":"Are you still a viable entity?","author_name":"Tommy Poirier","votes":1,"created_at":"2025-10-19T04:39:42Z","canonical_url":"https://wefunder.com/klinic#question-317417","answers":[]},{"id":312100,"entity_id":"wefunder:comment:312100","question":"Will you please send the latest investor update for Klinic? Thank you. 7/29/2025","author_name":"Elton George","votes":1,"created_at":"2025-07-29T18:17:42Z","canonical_url":"https://wefunder.com/klinic#question-312100","answers":[]}],"faq":[{"question":"Can you post a pdf of the Form C?","answer":"Hi Chris, the link to the filing can be accessed here (document 1 is the pdf of the Form C) - https://www.sec.gov/Archives/edgar/data/1926655/000167025422000583/0001670254-22-000583-index.htm"},{"question":"What name is your company registered with at the SEC?","answer":"Hi James, it's registered as Klinic, Inc."},{"question":"Please discuss differences \u0026amp; similarities between Klinic, Teladoc, and American Well. What is Klinic's competitive advantage compared to thses two companies.","answer":"Hi Thomas - Teladoc and American Well are telehealth companies that hire providers directly or as independent contractors to see patients. Many providers have poor experiences working at these telehealth companies because they often don't get paid enough and end up leaving, so there is little continuity of care for patients. Klinic is making it easy for independent practitioners to launch, market, and deliver treatment through their own practice rather than hiring them directly. This often le..."},{"question":"How can i use my Altoira to invest in Klinic?","answer":"Hi Mary, Unfortunately Wefunder does not accept Alto IRA at this time."},{"question":"It seems as if EQRx could already be doing this.","answer":"Hi John - I'm unfamiliar with EQRx, but it seems that they're more of a pharma company?"}]}}}