An automated assistant that manages legal paperwork
What they do: Ironclad is an automated service to help companies automatically draft, organize and execute common legal paperwork. Which is crucial for larger companies that have to deal with tons of contracts and have more than a hundred lawyers on staff. For example, automated the contracts that YC companies use to raise money. Why it’s a big deal: Expensive legal bills are often an unwelcome reality for young startups. Lawyers charge hundreds of dollars an hour, but are often a company’s only option for correctly preparing things like financial documents and sales contracts.With Ironclad, this entire process of creating and signing boilerplate documents is automated, which lets companies save a bunch of time and money. Notably, Ironclad isn’t out to replace lawyers. In fact, the company’s goal is to become an operational layer for lawyers, essentially consolidating their workflow and giving them superpowers.
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 234 startups
Wefunder Advisors LLC
for 98 startups
for 2 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).
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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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