Thanks to all of you--our friends, colleagues, and wider community--we successfully raised $401,401 for the Force for Good Fund.
Interestingly, "401" is actually a very powerful number that ancient buddhists believe meant "a force for good in the world."
Just kidding. I couldn't find anything meaningful about the number 401. It is, however, the area code of Rhode Island :)
Our team is now conducting due diligence on several prospects in order to make our first four investments. We estimate that we will have at least two investments ready by the end of the year (and more to come in early 2017).
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 369 startups
Wefunder Advisors LLC
for 109 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 642,461 investors who funded 456 startups with over $165.5 million1
wefunder.com/updates/89632-we-did-it-over-400k-raised 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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