Here’s an embarrassing fact: last November, when Nick Plante told me about the crowdfunding legislation in Congress, I thought the entire concept was idiotic. I envisioned thousands of scammy ‘investment opportunities’ posted on an eBay-like site, milking unsophisticated investors. Or, on the other side, I saw start-up founders struggling to manage hundreds of investors (along with a few crazies!)
Luckily, the story didn’t end there — I couldn’t shake the idea out of my head. I’m foremost a startup founder, but I always WANTED to invest small amounts of money in my favorite startups. I imagined there must be many people who would love to place small bets, backing new innovations they felt important. Wouldn’t it be cool to have that feeling without needing millions of dollars?
I don’t feel a sense of meaning when I buy a share of IBM — it’s purely a financial transaction. But startups? If I could support entrepreneurs trying to change the world, and still have a chance of earning a return… well, that’s value beyond money. I could give back. And that’s the key to making crowd investing work.
After letting the idea stew for a couple weeks, I still thought there were hard challenges, but they began to feel solvable. So, in January, we decided to give it a go, and start Wefunder.
We were all drawn to work together on Wefunder because we share similar ideas about how we want to impact the world. Our goals are to:
The principles behind everything we do include:
Wefunder is the most fulfilling startup I’ve been apart of. I’ve never worked with a more skilled team of cofounders. I’ve never been as excited about the potential impact on the world. I abhor the words “revolutionary” and “game-changing” (unless Apple uses it!), but in this case… I feel it.
It’s going to be an exciting journey, and it’s only just started. Want to join us? Have any thoughts? Email me at email@example.com
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