We are officially launching to the public in less than 24 hours! Which also just happens to be Black Friday. (We didn't actually plan it this way - we got slotted into this time when our Form C was approved 2 weeks ago.) Not a bad thing, really.
Quick update on how we're doing so far:
In a word: FANTASTIC!
We honestly didn't know what to expect during this "Friends Invest First" Launch Phase. We had talked to a few larger investors who were going to jump in but we didn't realize how many customers would jump in as well... a BUNCH! (Plus there are now quite a few folks that randomly found us on Wefunder's "Explore" page - even people from five different countries!)
As of right now, even before we publicly launch, we are HALFWAY to our initial goal of $100,000 from 84 investors!
That $100,000 is the first milestone we need to hit (if we don't hit we won't get funded). Based on the results so far without even going to either the broader Wefunder Community OR the broader 2A Community it looks like we should have no problem hitting it.
We're now getting everything ready to start blasting this out to the 2A community and beyond. Starting tomorrow, the gloves come off and it is bare knuckle brawling time! Yeah...appropriate analogy for Black Friday - ;-)
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).
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