Today, the JOBS Act has been partly enacted - the ban on general solicitation has fallen! For the first time in 80 years, it's legal for startups to talk about their fundraising publicly. The world just changed.
To celebrate, we are featuring great 25 startups from Y Combinator, Techstars, and MIT. You can pick your own winners, and invest as little as $1000 in them... or invest $5000 in a fund with all 25. We're excited to be able to show an "invest" button publicly! Can you imagine trying to build Kickstarter without the buy button? That's the challenge we've faced until now.
Complying with securities regulations is complex and expensive... but we've spent a lot of time reducing costs. So, we've decided to pass on those savings, and drop our investor fees to $25 per investment and 10% carry! We aim to profit when you do: on a successful investment. That way our incentives are aligned, and we can focus on attracting high-quality companies.
On a sad note, the recent change in law affects only accredited investors.... for now. It's legal for startups to advertise their fundraising, but it will be mid-2014 until unaccredited investors can invest. So, if you have less then $1M in net worth or earn less then $200k a year - hold tight! It'll be at least 9 months until you can make investments. (We're sorry; we're as bummed as you are.)
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 394 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 696,347 investors who funded 481 startups with over $176.5 million1
wefunder.com/updates/90552-the-ban-on-general-solicitation-is-no-more 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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