A Forbes 30 under 30 Entrepreneur.
Featured in major international magazines and news papers as the founder of wifigen.
We're close but not close enough!
As you all know, our campaign closing date is just a couple days away. I want to sincerely thank each of you for investing in the Wifigen vision. I believe the vision I have described is accurate. The market potential is there, and our product has been performing quite well.
However, to achieve the sales, marketing, and support structure needed in the U.S., I feel we need close to a year of funding. At this point, we have not quite reached the minimum goal. I believe, and was hoping, the fund raising would produce closer to double the minimum. Even if we reach the $50,000 minimum at the last minute, it will not be sufficient to execute the Wifigen strategy. The campaign will end on Wednesday, if we do not raise enough money we'll cancel the campaign and wefunder will return all your investments.
Startups are high risk and we were hoping to break through. Unfortunately, the fund raising has not been sufficient to buy us enough time to get to breakeven. I would like to thank you all for investing and following our campaign. I am not giving up on the Wifigen vision, and even if we fail this campaign I may return with a new campaign in the future. I hope you will be part of it.
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 318 startups
Wefunder Advisors LLC
for 105 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 505,900 investors who funded 405 startups with over $145.5 million1
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