hello! like most of the investors in here, i do not have an annual income of $200,000 nor do i have a net worth of over one million dollars, so when confronted with this email this morning, i selected not being one. i think it's a safe assumption 99.9% of us will be selecting this option.
The email states:
"Subverse is officially oversubscribed and, in addition to only being able to accept $1,070,000 in investments, they can only accept a limited number of non-accredited investors for regulatory reasons."
how will this process play out if 99.9% of your investors aren't accredited investors?
shouldn't this have been something you disclosed before accepting money?
is it too late to get a refund for those of us now experiencing buyer's remore?
what are you doing with our million dollars? it's been two weeks now and you're still releasing one video a day with one host. you have funds now to fund a newroom for a few years.
if you're looking for volunteer unaccredited investors, i will be first in line. Shame on you Tim. we trusted you. that's why you got that million dollars was because you weren't supposed to be shady like everyone else.
make this right before Subverse fails to launch from lack of support.
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 456 startups
Wefunder Advisors LLC
for 126 startups
for 3 startups
Curious how well the companies have done? Or how many raised follow-on financing?
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).
Join 851,787 investors who funded 544 startups with over $206.5 million1
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