One week into our public campaign, we are pleased to have raised $50,470 and are working with many of you in the decision process.
Soul Slice is doing 100% of its raise on the Wefunder platform, so we are blending a mix of traditional investors with newcomers in support of our mission. We’re learning some important details about how Wefunder works and want to share them, particularly for those planning to make larger investments and those more accustomed to traditional fund raises.
As an investment industry veteran, I’m heartened by the precautions being taken by Wefunder on behalf of non-accredited investors. We love that newer investors can benefit from the expertise of more seasoned investors when we have them all working together on the platform.
Default Maximum: When you create an account on Wefunder, your investment maximum is set to $2,200. If you want to invest more, you should click the button entitled "Increase my $2200 limit." To increase the maximum investment amount, you must signify that you are an accredited investor and upload the requested information. Wefunder will notify you once you have been approved as an accredited investor. If you did not take this step during account creation, you may do so in your Settings any time.
Maximums are Being Increased: Crowdfunding laws have recently changed. Read more about these changes from Wefunder’s founder and CEO, Nick Tommarello. We think these changes may greatly help minority-owned enterprises like ours access unprecedented capital in the future.
We are thrilled to be part of this moment in crowdfunding and this movement of new types of capital for social impact companies like ours. Thank you for being a part of this mission.
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 462 startups
Wefunder Advisors LLC
for 127 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 861,838 investors who funded 551 startups with over $208 million1
wefunder.com/updates/140781-tips-for-our-larger-investors-through-wefunder 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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