As a preface, I should point out that if you can, log in to your LinkedIn accounts (and if you don't have one, take the time to sign up). Once in, you can see that N1CE has expanded to Spain, which has been in the works for a while, to the Netherlands, to Germany, and to France - all in the last few months. I would ask WeFunder to please, please do whatever you can to address this issue we're dealing with here, both specifically and generally. I know you claim your hands are tied, but if you truly desired to assist investors in dealing with this scam from your end, I believe you could. This is such an over-the-top and outrageous action on this company's part.
Okay, now that that's said and done, I urge every investor in N1CE to read this article:
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 227 startups
Wefunder Advisors LLC
for 98 startups
for 1 startup
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 310,062 investors who funded 313 startups with over $112.5 million1
wefunder.com/updates/97722-first-steps-regarding-the-n1ce-fraud 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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