Get up to $2,500 for each qualifying company that fundraises on Wefunder.
Helping Founders is Fun
It's super satisfying helping founders get the money they need to expand or grow.
Your Schedule. No boss.
Work when you want, where you want. Treat it like your own business.
We're on Call to Help
We'll give you all the info and help you need to be successful.
What does a scout do?
Scouts find great companies in their cities and help them fundraise. You’re part of the American Dream, helping more entrepreneurs start and grow their businesses.
You’re the boots-on-the-ground: an expert on your city and the go-to-person when founders need advice. You’re responsible for helping decide whether crowdfunding is a good fit, leading them through legal disclosures, and helping determine the best terms for investors. You’ll also help business owners come out with a bang on Day One of their campaign—if they can achieve 25% of their minimum target on the first day, they’re almost certain to succeed.
And don’t worry, we’ll be happy to teach you first.
More than that, you'll be part of the Wefunder family. Scouts get inside access to our VIP community with all kinds of perks. It's not only fun, but you'll make some great friends and connections.
A Few Success Stories
We've raised over $45 million for
I felt a kinship with Wefunder... allowing people to invest in the things they believe in, have a passion for, or an emotional connection... that's what we're about also.
You don't need any experience, only a love of helping founders. It should take a few days to learn all the material you need to know.
What will I need to learn?
We'll teach you everything you need to know to be an equity crowdfunding expert. This includes the types of companies that can be successful at crowdfunding, all the details of the securities laws that founders need to understand, the best choice of investment contracts for a particular business, and the best practices for how founders should run a crowdfunding campaign.
What kind of training do you offer?
We'll offer a one-on-one session over Skype where we go over everything you need to know, and mail you fact sheets and brochures. We'll work hand-in-hand with you for the first couple of companies you refer. If at any time you have a question, you can always call us.
How will I be evaluated?
We reserve the right to fire Scouts who don't do a good job. Primarily, we want to make sure Wefunder and equity crowdfunding is being presented in the right way - founders must know both the strengths and weaknesses of crowdfunding. We also don't want to waste the time of the founders. This includes choosing to speak with businesses that can actually succeed at a crowdfunding campaign, and doing as much of the "busy work" as possible so they can focus on running their business.
What kind of companies are a good fit for Wefunder?
Businesses with some traction or proof points that "people care about" do well. This can include a potential cure for diabetes, a well-loved brewery expanding to a second location, a tech startup building solutions for more sustainable farming, or a food truck owner looking to build their first restaurant.
How much work is it to onboard a company?
Business owners will need help with three areas: building their profile, filling out their government disclosures (the "Form C"), and preparing properly for their crowdfunding campaign (reaching out to press, their customer list, etc). We estimate it will take a Scout about 4 hours for an average company.
What is the best way to meet companies?
There is no substitute for building relationships face-to-face. Who are the influencers and investors in your city? Get to know them, they'll introduce you to good companies. Who are the up and coming businesses in your city? Show up and talk to them. Who are the next generation of entrepreneurs who are about to start a business? Hold events - they'll come to you.
How do I qualify for the $2,000 monthly stipend?
We pay the flat $2,000 monthly stipend to scouts that submit at least 10 companies per month that are either approved or waitlisted. If you take a month off, that's ok. You'll also need to go through our training program to qualify.
When do I get the referral fee?
We pay up to $2,500 within one week of the company launching their fundraise on Wefunder. You receive this payment irregardless of whether the fundraise suceeds or fails. To qualify, you must be the first person who introduced the owners of the company to Wefunder.
Is there a limit to how many companies I can refer?
No. Scout out as many as you like!
Do you accept any company?
No. We can't accept porn or weed companies. We'll also only accept companies that meet our quality standard. In general, if a business has an operating history, real customers, at least one professional investor, and has no hint of fraud, we'll accept them. If it's just two people and an idea, there might be an exception, but you should talk to us first.
How do I share in the profits?
It's currently illegal for Wefunder to compensate anyone based on the "sale of a security".
However, the Senate is expected to pass the Fix Crowdfunding Act by December 2016 (it already passed the House of Representatives 394-4). This would make it legal for us to share carried interest - effectively, 10% of the investment profits of companies you refer.
In the meantime, we will give our top performing Scouts stock options in Wefunder after three months of service.
Can this lead to a full-time job at Wefunder's HQ in San Francisco?
If that's your goal, absolutely!
Apply to be a Scout
148 startups have raised $45,215,481 on Wefunder
Wefunder supports three different federal laws that allow startups to raise money legally. To comply with the law, Wefunder Advisors LLC and Wefunder Portal LLC (both owned by Wefunder Inc) also list startups depending on the regulation used.
Legal May 16th 2016
Wefunder Portal LLC
for 70 startups
Wefunder Advisors LLC
for 82 startups
for 1 startup
We are the largest funding portal for Regulation Crowdfunding.
Some fine print: 1) These numbers include startups currently live on Wefunder if they pass their minimum target. 2) Some startups use two different laws at the same time (i.e., Regulation D and Regulation Crowdfunding).
Wefunder Inc. runs wefunder.com and is the parent company of Wefunder Advisors LLC and Wefunder Portal LLC. Wefunder Advisors is an exempt reporting adviser that advises SPVs used in Reg D offerings. Wefunder Portal is a funding portal (CRD #283503) that operates sections of wefunder.com where some Reg Crowdfunding offerings are made.
Wefunder, Inc. operates sections of wefunder.com where some Reg A offerings are made. Wefunder, Inc. is not regulated as either a broker-dealer or funding portal and is not a member of FINRA.
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