Question 1

As an investor on the Small Change platform, it's exciting to see that you all are conducting an offering here on Wefunder - are you all planning on remaining an LLC for tax purposes post-SAFE conversion, and do you have any approximate timeline as to when you anticipate it co...

Accepted Answer

Hello Lucas - We're very excited to see you here! Converting to a C-Corp is on our mind. At the moment, the plan is to convert in 2023. Thanks for being such a loyal investor!

Question 2

Hello Eve, my question is why should I invest in SmallChange directly over investing into a property on your platform? Can you provide some insights on your plan to benefit investors? Hello Eve, for some reason I couldn't answer directly from your response. Here's my question,...

Accepted Answer

Hello Dominick - thanks so much for your question. As to your first question, these are two entirely different opportunities and really, impossible to compare. The first is bricks and mortar. The second is to grow a company. Investing in both might be a great way to diversify your portfolio! And to be clear, Small Change does not have an interest in any of the projects on our platform. We operate much like Wefunder does - providing a service to developers so that they can raise funds from the...

Question 3

Do you expect that investing in this would give us an equity interest in the target fund, or would it be a similar relationship to the current individual projects?

Accepted Answer

Hello Alex - thanks for being such a loyal investor on our platform! Small Change is actually 4 companies - a holding company and 3 subsidiaries. The holding company is conducting this fundraise and you will become an investor in the holding company. All of the activities of the 3 subsidiaries flow up to the holding company. One of the subsidiaries is our funding portal where most of the real estate offerings are currently conducted using Reg CF, just like this offering. The rules do not perm...

Question 4

Hi Eve, congrats on your all your success in RE and excited to see you on Wefunder. My question is the quality of projects on the site, as that's the draw for investors. I'm an investor with Fundrise, Groundfloor, and private RE syndications. I tried to use SmallChange, but wh...

Accepted Answer

Hi LD - thanks for investing in Small Change! All of our developers have at least one project under their belt and most of them many more (or a team member with similar experience). We make sure that each developer provides sufficient background information so that you can decide whether they meet your own criteria. The unanswered questions are a bit of a mystery to me. I can't find any pending questions in our comment archive! You can always email hello@smallchange.co if there is a technolog...

Question 5

Hi Eve, would you please elaborate how the subsidiaries make money? And how much would flow to the holding company?

Accepted Answer

Hello Andrew! When we formed Small Change we wanted to stay focused on Reg CF offerings, but also be able to list Reg A or 506(c) offerings as we grew. Unfortunately funding portals are only permitted to raise funds through Reg CF. Our structure, a holding company + 3 subsidiaries, permits us to list any offering type - Reg CF listing are offered through NSSC Funding Portal (the registered funding portal), Reg A and 506(c) through NSSC Crowd, and the technology is owned and maintained by NSSC...

Small Change

Wefunder for Real Estate

Updates

Small Change

Quick facts

Team profiles

Updates