By Adam Sharp on April 23, 2015
Dear Startup Investor, One of our favorite recommendations, Wefunder.com, closes this Friday, April 24. We’ve known the team for a while, and believe it can grow the company into a very large and profitable one. Wefunder is a “portal” site that offers startup investments. It competes with AngelList, Ourcrowd, FundersClub and others. It earns money by collecting “carried interest” on investments made through its site. Carried interest, or just “carry,” is simply a percentage of profits on the deal.