Question 1

I might be interested in investing, because I think what you do is so valuable in today's climate. But I am not an American. Does that exclude me? Thank you

Accepted Answer

Hi Jennifer, great question! Non-Americans can def invest! The only exceptions are the Canadian Provinces of Quebec, Ontario and Alberta which have requested that Wefunder bar their residents from investing on the platform, as well as certain sanctioned countries including Cuba, Iran, North Korea, Russia, Syria, and the Donetsk, Crimea and Luhansk regions of Ukraine.

Question 2

Hello, I'm proudly invested as of this morning. When I will receive access to the forum via the investment path?

Accepted Answer

Hi Stephen, thank you for the investment! We're adding new investors to the database every couple of hours. An invite should be in your inbox in the next few minutes

Question 3

Hi! What exactly does the investment give us? Just the access to future shares in the company? How will that work for both investors now, and those who may want to invest at a later date? Thank you

Accepted Answer

Thanks for reaching out! We're raising funding via SAFE note (a convertible note). Here are more details: https://help.wefunder.com/contracts/304785-safe-simple-agreement-for-future-equity and https://www.ycombinator.com/library/6m-understanding-safes-and-priced-equity-rounds

Question 4

Hello, what kind of future engagement can investors expect? For example, will we get regular business/financial updates?

Accepted Answer

Yep! We'll be sending quarterly updates to all our investors.

Question 5

I understand that if I invest, I'd be doing so via a SAFE note that might someday be eligible for conversion to shares. My question is what form of entity I'd be buying shares in. An LLC? An S-Corp? A C-Corp? Something else? Basically, I want to know whether I'd be getting a K...

Accepted Answer

Hi Richard, great question! We reached out to Wefunder to make sure we got it right. They wrote back the following: "The SPV is an LLC taxed as a partnership. I would consult a tax expert regarding specific taxation information for that investor. However, typically SPV investors will receive K-1s when there is a taxable event." Please let us know if you have any further questions!

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