On Friday, I boarded a ship. Part of the boarding process was the issuance of a scanable ID card. You can’t get on the ship with out it. When we get to the next destination and go ashore, each passenger must have their card scanned. When it is time to embark to the next destination, the ship knows exactly who is on the ship. If someone has not been scanned back in, the crew makes every effort to find them before leaving the harbor. The ship knows exactly who is on board. Compare this scenario with a deli or coffee shop or hotel. The proprietor has no idea who is in the building. They have no way to communicate with and thank those who are regulars or those who have not been there for a month. Wifigen changes that. Wifigen puts the proprietor in touch with all their customers, loyal ones and those not so loyal. It provides the tools to enable communications with both. “Thanks for your loyalty. Have a free cup of coffee on us.” “Great to see you back again. Have a free cup of coffee on us.” Each person who enters the premise is offered free Wi-Fi. In return, they provide their email address or social media login. They are happy to do this because they value the free Wi-Fi. It is also a win for Wifigen and its investors.
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 300 startups
Wefunder Advisors LLC
for 102 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 618,222 investors who funded 386 startups with over $136.5 million1
wefunder.com/updates/126738-wifigen-customers-know-their-customers is managed by
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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