Our First Acquisition Offer (We're Politely Declining)
Since day one of Brightest, our goal has been to build a brand, company, and product that's unique, thoughtful, and future-proof. One that's on the right side of a lot of different trends:
Shifts toward a more sustainable, equitable economy
Shifts from focusing attention on social media to focusing attention on social good
Shifts toward empowering and lifting up marginalized communities and front-line workers
Shifts toward justice, equity, diversity, and inclusion across work and life
This week we received our first acquisition offer from another company who's noticing the same trends and recognizing they can't copy what we've built or our unique lens on the future. So for now, we're politely declining, continuing to stay independent, and remaining true to our vision, mission, and the opportunity ahead.
We feel like we’re just getting started with the full potential of Brightest, and there's a lot more value to build and deliver for the broader Brightest community before we consider exits.
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 458 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 853,752 investors who funded 546 startups with over $206.5 million1
wefunder.com/updates/134390-our-first-acquisition-offer-we-re-politely-declining 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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