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. Wefunder takes 10% of the upside in all deals that go through its platform.
It’s executing at a very high level and bringing its members excellent deals (we’ve recommended a number of them).
It’s a nice investment because you essentially get a small piece of every deal that comes through Wefunder’s site.
Here are the current investment terms:
Valuation: $18 million post-money (includes the $3 million it’s raising)
Security type: Preferred shares
Minimum investment: $5,000
How to Invest
If you haven’t signed up on Wefunder.com yet, go here to register:
After you’re done, navigate to this page to invest in Wefunder:
Andy and I originally recommended Wefunder when it was raising a convertible note at a $15 million valuation “cap.”
You can read the original recommendation here:
https://earlyinvesting.com/companies/wefunder/
So it has already increased in value since, but at a very reasonable pace in our opinion.
This may be the last chance to invest in Wefunder online, ever. FundersClub, a comparable competitor, raised two rounds online and has raised money only from venture capital firms since.
I believe this is an excellent opportunity to get in at the end of a successful fundraise. We believe in Mike and the team at Wefunder, and offer this opportunity with our highest recommendation.
Good investing,
Adam Sharp
Startup Investor Portfolio
