353,457 essays in our database; +2.6% month-over-month
$65,735 total revenue; +32.0% year-over-year
We continue to focus our efforts on our essay examples database which grew by a little more than 9,000 essays this month. Our goal is to get the database to 365,000 essays by the end of the quarter.
We made some big changes to the website on May 19th. On that day, Kibin became 100% student focused. We no longer cater to new business, job seekers, or other non-student customers. This will better focus our efforts as a team and hopefully improve overall user experience.
Essay database revenue through May 2016 ($82,000) now exceeds total revenue generated via the essay database in 2015 ($69,500). I've updated the slide in our profile, but it's hard to see the significance with future projections sharing the same axis.
Here's a look at just 2015 vs. 2016:
We're understandably excited by this growth.
The next few months are traditionally slow for us. Our business fluctuates with the seasonality of the student academic calendar. But we're hard at work setting ourselves up for a great growth period from September through December.
If you could share our profile and campaign with a friend, it would be greatly appreciated. We're only about 20% of the way to our minimum fundraising goal. Any help you can provide would be amazing!
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 389 startups
Wefunder Advisors LLC
for 115 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 686,313 investors who funded 476 startups with over $173.5 million1
wefunder.com/updates/87611-may-by-the-numbers 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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