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Wefunder Review

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Date Established
2011
Location
Cambridge, MA
Jason Vissers

Jason Vissers

Jason Vissers is a writer and cereal chef from San Diego. He graduated with a Political Science degree from San Diego State University in 2001. He's been writing about website builders, crowdfunding sites, online lenders, and credit cards for Merchant Maverick since 2015. Additionally, Jason can't eat raisins.
Jason Vissers



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7 Comments

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    Steve J.

    Organization Name: Talents & Faith Inc.

    Good, helpful article. I was wondering why Wefunder is funding so many YCombinator grads. don’t those grads get funding from VC’s in silicon valley? As a founder, I had the impression that their were billions of $$ out there to fund the many accelerators popping up around the country. Seems the pool of capital is not quite as large as is written about.

    4
    • Organization Name: Talents & Faith Inc.

    This comment refers to an earlier version of this review and may be outdated.

    klaus moeller

    Organization Name: Boardwalk Hospitality Inc.

    We have funded two companies through wefunder. A Ben & Jerry’s Ice Cream franchise and a Surf Dog Hot Dog concept, serving Nathan’s and Vegan Dogs. The experience has been nothing but amazing. Jonny and his crew are doing an amazing job. We have around 700 investors and it’s become an amazing community. I highly recommend wefunder. Hit me up if anyone has any quetsions.

    5
    • Organization Name: Boardwalk Hospitality Inc.

    This comment refers to an earlier version of this review and may be outdated.

    frank

    Is it better to invest with Wefunder under your name or create an LLC? Thanks in advance.

      This comment refers to an earlier version of this review and may be outdated.

      Jeffrey Landers

      Organization Name: Next Act Properties, Inc.

      Hi Klaus – I submitted all my info to Wefunder to start raising funds. I have been in review for 13 days even though their website stated I should received approval/comments within 1 week. I have emailed them numerous times, but they have never responded and there is no phone number to contact anyone.

      Could you please provide me with a contact name – phone number and/or direct email addresses other than hello@ or Launch@?

      Thanks so much – Jeff.

      • Organization Name: Next Act Properties, Inc.

      This comment refers to an earlier version of this review and may be outdated.

      Michael Caldwell

      Organization Name: Petmasters

      As a startup exploring the different Reg CF platforms, I would take issue with describing Wefunder as truly opening up the world of investing to everybody. As an entrepreneur with one successful exit under my belt, I got a terse email from them saying “Hi Michael, Our panel of investors do not think Petmasters is ready to have a successful crowdfunding campaign. They suggest waiting and continuing to build your business before re-applying.” So they are most definitely taking a curatorial approach like SeedInvest which probably explains why only 164 fundings on their platform. There’s still a need for a platform that democratizes the fundraising process.

      2
      • Organization Name: Petmasters

      This comment refers to an earlier version of this review and may be outdated.

      Jason Vissers

      Organization Name: Merchant Maverick

      Hi Michael! Thank you for sharing your experience. Indeed, it does appear that Wefunder is doing more curation than I initially gathered. The “opens up the world of investing to everybody” line in the intro was meant to refer to the investor side, not the business/entrepreneur side (as Wefunder lets everybody invest, not just accredited investors), but you’re right — the small number of fundings that have been completed on Wefunder does highlight the company’s barrier to entry for those seeking to fundraise.

      • Organization Name: Merchant Maverick

      This comment refers to an earlier version of this review and may be outdated.

      joliv

      It would be nice to start seeing some equity build up or sales of companies or income/dividends – some kind of return on equity investments. I’m sure it is coming but not much information is provided on overall progress or status.

        This comment refers to an earlier version of this review and may be outdated.

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