In Answering a great question from Amadeu Barbosa (Thanks Amadeu)!, I wanted to provide a snapshot of one of the first industry ads we ran to tell the story of a real-life case where we solved problems for 3 parties to the credit sale!
The buyer: (friend of TurboPass) and Orange CoWorking member, Shane Anciso (who is self-employed) was at risk of losing his car (3-4 weeks after purchasing) because the proof of income he provided did not meet the exact policies of the lender. In this case Westlake, who we happened to be in pilot with.
We quickly got a hold of the dealer and explained the benefits of TurboPass and they agreed to use the tool, then provided the TurboPass code to Westlake.
Only a few minutes later, we solved 3 stakeholder problems: the buyer (Shane), got to keep his car, the dealer (got paid), and the lender (Westlake), booked another contract. Check out the ad/story below:
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 394 startups
Wefunder Advisors LLC
for 115 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 695,748 investors who funded 481 startups with over $176.5 million1
wefunder.com/updates/126646-3-party-problems is managed by
Wefunder Portal LLC.
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 Regulation Crowdfunding offerings are made.
Wefunder, Inc. operates sections of wefunder.com where some Regulation D and 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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