I have to admit, I was once cynical about our government. I was wrong. Just one week after launching a petition to support equity crowd funding, multiple legislators reached out to us and invited us to Washington D.C.
We’ve spent the day meeting with the staffs of Senator Brown, Senator Merkley, Congressman McHenry, and the President’s Office… And whether Republican or Democrat, I was impressed. Behind the political theater - on the factory floor where the sausage gets made - are public servants who truly want to make a difference.
It’s pretty amazing when you think about it. We’re a bunch of powerless and unknown guys who put up an online petition. A couple of weeks later, we’re sitting in our nation’s capital, with lawmakers who are genuinely listening… and asking smart questions about how they can improve legislation that will affect 300 million odd people.
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 332 startups
Wefunder Advisors LLC
for 105 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 552,141 investors who funded 419 startups with over $153.5 million1
wefunder.com/updates/90545-wow-we-were-invited-to-washington-d-c 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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