An Open Letter to the SEC

An Open Letter to the SEC

The final SEC rules are so much better then we expected. The SEC clearly took great care in addressing feedback during the comment period.

However, we are very concerned about one last-minute detail that was not open to comment in the proposed rules: that is, if a company has over 500 unaccredited investors and over $25m in assets, they will be forced to report under the Exchange Act.

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Congress Must Fix Investment Crowdfunding

Congress Must Fix Investment Crowdfunding

I spent a lovely weekend reading (and re-reading) all 685 pages of the final SEC rules of Title III the Jobs Act. Ah, the joy of memorizing regulations!

We helped Congress pass the JOBS Act back in 2012, to help everyone — no matter how wealthy — invest as little as $100 in startups they love. We’ve been waiting for the SEC to implement the law ever since, so I was eager (to say the least) to read what they finally came up with after three years.

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The Birth of Wefunder & Our Guiding Principles

The Birth of Wefunder & Our Guiding Principles

Here's an embarrassing fact: last November, when Nick Plante told me about the crowdfunding legislation in Congress, I thought the entire concept was idiotic. I envisioned thousands of scammy 'investment opportunities' posted on an eBay-like site, milking unsophisticated investors. Or, on the other side, I saw start-up founders struggling to manage hundreds of investors (along with a few crazies!)

Luckily, the story didn't end there - I couldn't shake the idea out of my head.

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We've Become an Investment Advisor

We've Become an Investment Advisor

After funding four startups, we've learned a lot, and have decided to start charging for our services.

We don't believe charging startups any significant amount of money is a good idea. Good startups have plenty of options to raise capital. Only startups who have no other option would pay transaction fees . Are those the investments you really want to make?

There's a better way.

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