I wanted to make this update to let you know that our early bird perks are almost sold out. As of my date of writing, there’s a little over $20,000 of the $150,000 remaining. Our campaign has only been live a few weeks, so if you’re considering investing, there’s no better time than now!
Early Bird Perks:
25% SAFE discount. Regular Wefunder investors will have their shares convert at whatever valuation we achieve at our next round of fundraising, but with a 20% discount for being early (e.g. if valuation is $5 million, current investors convert into equity at $4 million). Early birds get an additional 5% discount on valuation.
Reduced valuation cap from $10 million to $8 million. If our valuation at our next round of fundraising is below these numbers, all wefunder investors will get their shares at whatever valuation we achieve (plus discount). If, however, we end up with a much higher valuation, this reduction in the maximum means that early bird investors get even more protection.
Closing our early bird is a major milestone for us on Wefunder. We’re thrilled to be so close. We’re amazed at the support we’ve received so far and still are ambitiously working toward our $500,000 goal come December. Thanks so much and keep it coming!
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 854,207 investors who funded 546 startups with over $206.5 million1
wefunder.com/updates/137574-early-bird-selling-out 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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