Digital and Social Media Strategist @ Como AudioTeam Member
215 investors. Over $260,000 raised!
Closing soon. 33 days to go!!
Hello to all! We are very excited as we go into our fourth anniversary weekend. At this point we have sold over 5 1/2 million dollars worth of our products (totaling over 20,000 Music Systems.).
We were one of the 12 days of Christmas gifts on the Ellen show during the Christmas holidays. Now that we have the Holidays behind us we are really excited to grow the company this year. We believe we are building the best speaker company on the market.
As of today, we've raised over $260,000 on Wefunder. We've been thankful to call 215 individuals investors, but also disappointed that we have not reached our ultimate goal of raising $1 million. Our sales goals were heavily dependent on bringing in that outside capital for marketing. When that didn’t happen on our Wefunder campaign, Michael Cronin and I lent the company over $400k to help it with operations and fall marketing expenses.
And, now that the holiday season is over, it’s time to get back to the fundraising and try to close this round at or near our goal of $1 million. With this in mind we have picked a closing date of March 6.
In other news, we’re preparing to show our newest product at the ISE show in Amsterdam on February 10. We think it’s an exciting new product at an entry level price; stay tuned for more information.
If Como Audio has been on your radar, your last chance is coming to jump on board.
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 334 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 556,414 investors who funded 421 startups with over $153 million1
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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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