Wefunder Explained

Wefunder is an online service that allows individual investors to crowdfund startup companies.^{[1] [2]} Wefunder uses a provision in the 2012 JOBS Act that allows unaccredited investors to purchase equity in early stage private companies.^{[3] [4]}

Foundation

Wefunder was founded by Nick Tommarello, Mike Norman, and Greg Belote in 2012. The startup incubator Y Combinator backed Wefunder during its development and launch.^[5]

Wefunder is predicated upon the idea that anyone, regardless of wealth, should be able to invest in a company.^[6]

See also

• Comparison of crowdfunding services

Notes and References

1. The Crowdfunding Economy Is About to Pop . Luckerson, Victor . Time . September 24, 2013.
2. News: 8 crowdfunding sites to watch . Pepitone, Julianne . CNN . April 17, 2012.
3. News: Final Approval by House Sends Jobs Bill to President for Signature . Weisman, Jonathan . New York Times . March 27, 2012.
4. News: JOBS Act: A potential boon for entrepreneurs or a bust for investors? . Khazan, Olga . Washington Post . March 22, 2012.
5. News: Y Combinator-Backed WeFunder Launches To Bring Crowdfunding Startups To The Masses . Lawler, Ryan . TechCrunch . March 19, 2013.
6. News: Wefunder gives startups a 'green button' to meet their fundraising goals . Grant, Rebecca . VentureBeat . March 26, 2013.