Founder (indefinite sabbatical) @ Wefunder
It's been a month since our last update so I wanted to catch you up on where we are. Late last month Obama appointed a new SEC Chair. This delays the release of rules for general solicitation at least until she is confirmed which is supposed to happen the week of March 11th.
We highlighted Wevorce as our first startup of the week 2 weeks ago, and will launch Microryza tomorrow. We plan on funding at least one of our classmates before demo day at the end of March.
We'll be in SXSW from the 9-12 so drop me a line if you will be in Austin and want to meet up!
As always, let me know if you have more specific questions.
I hope all is well!
As you can see from the photo, Greg is known to have strong opinions.
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 224 startups
Wefunder Advisors LLC
for 98 startups
for 1 startup
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 299,826 investors who funded 310 startups with over $111 million1
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Wefunder, Inc. operates sections of wefunder.com where some Reg 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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