Hey everyone,
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!