When we started our new Wefunder campaign, we noted that we had only 133 slots available for new, non-accredited investors. In the first two weeks of the campaign, one third of those slots have been claimed, so only 90 are left. If you are a non-accredited investor, and have not invested in LPPFusion before, it’s a good idea to look at us sooner rather than later. If we get more than 133 investment offers from new non-accredited investors, we will accept the ones with the highest offers. Among those with identical offers, we’ll accept those who get their money in first. So, if you want to take part in developing a clean, safe, cheap new energy source to replace fossil fuels, do it now!
If you already an investor in LPPFusion or are an accredited investor, this notice does not apply to you.
Why are we limited to 90 more non-accredited new investors? This is because the SEC requires that companies with more than 500 non-accredited investors and $25 million in assets have a public offering—become listed on a stock market. We expect that in the course of our development phases, which requires a lot more capital than the present research phase, we will likely have more than $25 million in capital. But going to a public offering at that time, before we have a working prototype generator, will be a costly diversion. Instead we want to choose when we make a public offering. For that reason, we will not go over the 500 limit and we already have 410 non-accredited investors, including present Wefunder offers.
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 315 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 667,703 investors who funded 402 startups with over $143 million1
wefunder.com/updates/127508-investment-slots-going-fast 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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