We purchase real estate - typically under $200,000 - located in Opportunity Zones.
We will improve the properties and transform them into cash-generating co-working and community centers for local startups.
Our aim is to provide capital-gains-free return to investors while concurrently inspiring more founders to start their business with a local "clubhouse" where they can work.
Congress recently passed the Investing in Opportunity Act, which defers or waive taxes for long-term investments in low-income areas. Read the Fact Sheet for more details.
An example: You sell Amazon stock and have a $1M capital gain. Instead of paying $238K in taxes, you roll the full $1M into an Opportunity Fund, which invests in businesses in Opportunity Zones. In 2028, the Fund returns you $2M. No taxes are due on the $1M gain/ You'll only pay $202,300 in deferred capital gains from the sale of Amazon stock 10 years prior.
Each state chooses their Opportunity Zones. Here is a map of the zones chosen to date.
In early 2019, we will accept applications for funding. Applicants must identify a property and include a budget for improvement.
We will evaluate based on our belief of the likelihood pos positive cash flows from the co-working and community operational business, as well as the likelihood of real estate appreciation.
We will prioritize applications with strong community involvement and who have local government support.
days | hrs | mins | secs |
Company | Follow-on Funding after We Invested |
Last Status | Return Multiple | Value of $25K Investment |
|
---|---|---|---|---|---|
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Zenefits | $581,500,000 $582M | $500M Series C by Fidelity | 281.68X | $7,042,000 |
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Checkr | $309,000,000 $309M | $160M Series D by T. Rowe Price | 34.31X | $857,750 |
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Rappi | $1,391,800,000 $1.39B | $1B Series E by SoftBank | 26.23X | $655,750 |
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Ginkgo Bioworks | $719,000,000 $719M | $290M Series E by T. Rowe Price | 13.76X | $344,000 |
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Guesty | $59,400,000 $59.4M | $35M Series C by Viola Growth | 12.82X | $320,500 |
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Ironclad | $84,000,000 $84M | $50M Series C by Y Combinator | 11.01X | $275,250 |
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Scope AR | $11,700,000 $11.7M | $9.7M Series A by Romulus Capital | 10.6X | $265,000 |
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Equipmentshare | $58,600,000 $58.6M | $25M Venture Round | ||
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Unbabel | $91,000,000 $91M | $60M Series C by Point72 Ventures | 5.76X | $144,000 |
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Gravitational | $29,200,000 $29.2M | $25M Series A by Kleiner Perkins | 5.6X | $140,000 |
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Second Measure | $25,400,000 $25.4M | $20M Series A by Bessemer Venture Partners | ||
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Freight Farms | $11,405,407 $11.4M | Alive | 3.98X | $99,500 |
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ShipBob | $63,000,000 $63M | $40M Series C by Menlo Ventures | 3.51X | $87,750 |
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GrubMarket | $90,000,000 $90M | $28M Series C by Digital Garage, WI Harper Group | 3.14X | $78,500 |
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Casetext | $41,400,000 $41.4M | Alive | 2.72X | $68,000 |
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Mux | $31,800,000 $31.8M | $20M Series B by Evolution Media | 2.72X | $68,000 |
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Privy | $6,500,000 $6.5M | $4.3M Series A by Samuel Clemens | 2.69X | $67,250 |
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Flaviar | $1,600,000 $1.6M | Alive | 2.08X | $52,000 |
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Virtuix | $7,700,000 $7.7M | $7.7M Equity Crowdfunding | 1.96X | $49,000 |
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Next Caller | $5,000,000 $5M | $5M Series A by Crystal Towers | 1.9X | $47,500 |
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Eden | $38,700,000 $38.7M | $25M Series B by Reshape | ||
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Astranis | $13,500,000 $13.5M | $13.5M Series A by Andreessen Horowitz | 1.86X | $46,500 |
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Skymind | $17,500,000 $17.5M | $11.5M Series A by TransLink Capital | ||
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Paperspace | $23,000,000 $23M | $14.5M Series A by Battery Ventures, Intel Capital | 1.63X | $40,750 |
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Regalii | $0 $0.0 | Alive | 1.53X | $38,250 |
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7 Cups of Tea | $0 $0.0 | Alive | 1.5X | $37,500 |
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Mashgin | $11,000,000 $11M | $8.2M Series A by Matrix Partners | 1.4X | $35,000 |
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Aptible | $12,000,000 $12M | $12M Series A by Maverick Ventures | ||
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Cleanly | $5,000,000 $5M | $5M Series A by AddVenture | 1.24X | $31,000 |
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OwnLocal | $0 $0.0 | OwnLocal buys back investors. | 1.18X | $29,500 |
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Flirtey | $16,000,000 $16M | $16M Series A by Menlo Ventures, Qualcomm Ventures | 1.11X | $27,750 |
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Eight (Formerly Luna) | $69,400,000 $69.4M | $40M Series C by Founders Fund | ||
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RealCrowd | $0 $0.0 | Alive | 1.07X | $26,750 |
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ROSS Intelligence | $13,120,000 $13.1M | $8.7M Series A by Inovia Capital | 1.06X | $26,500 |
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Labdoor | $7,700,000 $7.7M | $3.4 Series A by Floodgate | 1.05X | $26,250 |
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Experiment | $0 $0.0 | Alive | 1.03X | $25,750 |
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Goldbely | $30,000,000 $30M | $20M Series B by Enlightened Hospitality Investments | ||
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Jopwell | $10,920,000 $10.9M | $7.5M Series A by Cue Ball | 1X | $25,000 |
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ZenProspect | $9,200,000 $9.2M | Nexus Venture Partners | 1X | $25,000 |
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LivBlends | $8,620,000 $8.62M | $6.9M Venture Round | ||
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MTailor | $7,200,000 $7.2M | $5.2M Series A by Khosla Ventures | 1X | $25,000 |
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Gecko Robotics | $7,000,000 $7M | $7M Series A by Founders Fund | 1X | $25,000 |
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Senic | $6,300,000 $6.3M | $4M Seed Round by Birchmere Ventures, Target Partners, Gira | 1X | $25,000 |
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AlphaFlow | $6,300,000 $6.3M | $4.1M Seed Round by Point72 Ventures, Resolute Venture Partners | 1X | $25,000 |
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Zenysis | $5,800,000 $5.8M | $5.8M Series A | ||
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Shinesty | $5,165,000 $5.17M | $3.4M Venture Round | 1X | $25,000 |
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Plate iQ | $4,000,000 $4M | $4M Series A by Eileses Capital | 1X | $25,000 |
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Wevorce | $3,100,000 $3.1M | $3.1M Series A by Techstars Ventures | 1X | $25,000 |
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OncoSynergy | $3,000,000 $3M | $3M Series A by Connecticut Innovations | ||
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Smarking | $3,000,000 $3M | $3M Seed Round by Khosla Ventures | 1X | $25,000 |
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Final | $3,000,000 $3M | Acquired by Goldman Sachs | 1X | $25,000 |
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The Ticket Fairy | $2,500,000 $2.5M | $2.5M Seed Round | 1X | $25,000 |
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PAKIBLE | $2,250,000 $2.25M | $1.5M Seed Round | 1X | $25,000 |
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Meadow | $2,100,000 $2.1M | $2.1M Seed Round | 1X | $25,000 |
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Chai | $2,000,000 $2M | $2M Seed Round | 1X | $25,000 |
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Transcend Lighting | $2,000,000 $2M | $2M Venture Round by Rose Capital | 1X | $25,000 |
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VOIQ | $2,000,000 $2M | $2M Seed Round by 10x Capital Management, LEAP Global Partners | 1X | $25,000 |
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Parknav | $1,981,142 $1.98M | Alive | 1X | $25,000 |
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Lawn Love | $1,800,000 $1.8M | Alive | 1X | $25,000 |
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Instavest | $1,700,000 $1.7M | $1.7M Seed Round | 1X | $25,000 |
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Naytev | $1,300,000 $1.3M | Alive | 1X | $25,000 |
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Roomstorm | $1,300,000 $1.3M | $1.3M Seed Round by S2 Capital, Y Combinator | 1X | $25,000 |
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Terrafugia | $1,000,000 $1M | Acquired by Geely for Stock | 1X | $25,000 |
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Asseta | $1,000,000 $1M | $1M Seed Round by Flight Ventures | 1X | $25,000 |
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Chronos | $0 $0.0 | Alive | 1X | $25,000 |
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Depict | $0 $0.0 | Alive | 1X | $25,000 |
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Underground Cellar | $0 $0.0 | Alive | 1X | $25,000 |
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Toymail | $0 $0.0 | Alive | 1X | $25,000 |
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GBatteries | $0 $0.0 | $1.2M grant by Canada | 1X | $25,000 |
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Italist | $0 $0.0 | Alive | 1X | $25,000 |
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Akido Labs | $0 $0.0 | Alive | 1X | $25,000 |
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Her | $0 $0.0 | $1M Seed Round | 1X | $25,000 |
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Ravti | $0 $0.0 | Alive | 1X | $25,000 |
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MotionSavvy | $0 $0.0 | Alive | 1X | $25,000 |
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Give Me Tap! | $0 $0.0 | Alive | 1X | $25,000 |
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CapLinked | $0 $0.0 | Alive | 1X | $25,000 |
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BitAccess | $0 $0.0 | $1M Seed Round by Pantera Capital | 1X | $25,000 |
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Roost | $0 $0.0 | Alive | 1X | $25,000 |
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Traction | $0 $0.0 | Alive | 1X | $25,000 |
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Bonfire | $0 $0.0 | Acquired by GTY Technology Holdings for $108M | 1X | $25,000 |
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Vertical | $0 $0.0 | $1M Seed Round | 1X | $25,000 |
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Nextravel | $0 $0.0 | Alive | 1X | $25,000 |
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One Month | $0 $0.0 | Alive | 1X | $25,000 |
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TrendMD | $0 $0.0 | Alive | 1X | $25,000 |
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Lynks | $0 $0.0 | Alive | 1X | $25,000 |
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Unima | $0 $0.0 | Alive | 1X | $25,000 |
The team completes a deal memo while conducting due diligence. You can choose to invest more directly.
Many portfolio companies are required by law to do an Annual Report by April 30th, which includes financials. Here's a sample.
By May 30th of each year, Wefunder recalculates realized and unrealized IRR for each fund you invest in.
xx.team is operated by Wefunder Inc. Wefunder's fully-owned subsidiary, Wefunder Advisors LLC, manages the fund on your behalf. Wefunder Advisors is an exempt reporting investment advisor.
You can view Wefunder Advisor's track record. We have historically outperformed the median venture capital firm. We've invested in multiple startups at the seed stage, that are now valued at over several hundred million to a billion dollars, such as Checkr, Zenefits, Gingko Bioworks, Rappi, Equipment Share, and ShipBob. In total, we've invested in 10% of Y Combinator's Top 100 companies.
We believe founders make the best early-stage investment decisions. At this stage, there is little data, and intuition from a lifetime of experience is the guide.
Experienced founders often see the best upcoming founders first, well before venture capitalists do, and are typically on the cutting edge of what is new.
Our funds follow-on when those founders make personal investments. Further, most often these foudners are making a personal time commitment to help these startups succeed. We believe matching the wisdom of a group of experienced and well-connected founders will lead to better returns.
If the Fund has greater than 250 investors, it is regulated as a full-fledged mutual fund, which would dramatically increase costs and make the fund impractical as an investment vehicle.
We place priority on investors who invest high amounts early, but make exceptions for those who can help the portfolio that the Fund invests in.
This is a 10 year venture capital fund. Investments in startups have a very long term horizon. It typically takes 3-10 years for a successful company to have a liquidity event, when it either gets acquired or has an IPO.
This is a 10 year venture capital fund. Investments in startups have a very long term horizon. It typically takes 3-10 years for a successful company to have a liquidity event, when it either gets acquired or has an IPO.
The Fund charges 20% carried interest and a 2% management fee. This is the standard fee for venture capital and private equity funds.
After you invest in the fund, there will be no further capital calls.
Yes, for 5 days.
No. This is not a mutual fund. All capital will be invested in private companies in long-term, illiquid investments.
8-10 investments.
No. You can't opt out of any individual investment that the fund makes.
In many cases, yes. We expect most startups will want to raise more money than the fund provides. When this happens, we will give inside access to limited partners.
Fund investors sign:
The agreements were drafted by Cooley and Wilson Sonsini.When investments are made, you'll be notified of the selection via e-mail.
Once a year by May 30th, we will update the estimated unrealized IRR of your portfolio.
We have pro-rata rights in almost all portfolio companies. This means that when a seed investment receives additional investment from a venture capitalist, we have the right to invest more to maintain our percentage ownership on the same terms. Since startup investments obey the power law, it's very important to double down on the winners to turbo-charge returns.
When a pro-rata opportunity exists, we will spin up a special-purpose-fund and give limited partners in the fund the opportunity to invest. We give first priority to those limited partners who invest $50,000 or more.
Here's a concrete example: in 2014, we invested $100,000 in Checkr's seed round. In 2015, Checkr raised $9M from Accel in a Series A. We gave an opportunity to limited partners to invest on those terms. Recently, Checkr raised $100,000 million Series C at a substantially higher valuation. To date, Checkr has a 34X cash on cash unrealized return.
We're not allowed to offer tax advice. You'll receive a single K-1 from each Fund each year. Your accountant can offer more specific advice.
Yes, if legal in your country. You should check with your lawyer and accountant.
Yes. We can accept investments in a Fund only from those who are an accredited investor. Unfortuantely, it is still illegal for unaccredited investors to invest in venture capital funds.
Yes.
Yes. You can check out our FAQ for more information on risks, returns, different securities, and how startup financing works.
Disclosures. Past performance is not indicative of future returns. Examples of previous Wefunder investments are for illustrative purposes only. Full list available upon request. There is no guarantee that any fund will achieve the same exposure to, or quality of, startups held by any existing fund. Any investment involves a high degree of risk and is suitable only for sophisticated and qualified accredited investors. We do not provide investment advice to investors and no communication, through this website or in any other medium, should be construed as a recommendation for any security offered on or off Wefunder. Information on this page is qualified in its entirety by the Fund’s Operating Agreement, Disclosures, and Subscription Agreement, which should be reviewed carefully prior to making an investment decision. Please see these documents for full details regarding risks, minimum investment, fees and expenses. The fund's legal name is also different than the name used above.
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