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Overview
Track Record
Examples
FAQ

Invest in American Opportunity Fund

Transforming real estate located Opportunity Zones into startup community hubs
TAX-FREE OPPORTUNITY FUND
Learn how to pay $0 in capital gains taxes
Team
Jonny Price FUND MANAGER
Director of Business Development @ Wefunder and Partner @ Wefunder Advisors. Formerly Founder and Director of Kiva US. Member of Community Advisory Council at Federal Reserve Board.
Nick Tommarello FUND MANAGER
CEO and Cofounder of Wefunder. General Partner of Wefunder Advisors. MBA from Babson. Holds Series 65. Alumni of Y Combinator (W13) and Techstars.
Klaus Moeller
Founder at Hiero 2, Boardwalk Hospitality, Capital Art , & Comikaze Entertainment. Specialties: Marketing/Sales.
Drew Tulchin
VP, Investments & Capital at Meow Wolf. Previously, founded UpSpring, a network of consultants for impact investment and economic development helping businesses 'do well by doing good.'
Who We Fund

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.

How We Decide

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.

Invest in American Opportunity Fund
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Past Performance

We have higher returns than the top quarter of venture capital firms1

2013-2016 Regulation D

Our funds are managed by Wefunder Advisors, an exempt reporting advisor5. These are the results for every startup selected by Wefunder Advisors as of March 2019.

29%
Unrealized net IRR2
Vs. 15% IRR for Top 25% of venture capital firms3
$2,150,000
Total if invested $25K in each startup on Wefunder
$12,740,250
Current unrealized value as of March 2021
5.9X
Return multiple
100%
Startups still active
(86 of 86)
52%
Startups who went on to raise a Series A over $3M
$4 Billion
Follow-on financing
after our investment
9 @ $100M
9 startups now valued at over $100 million
Company Follow-on Funding
after We Invested		 Last Status Return Multiple Value of
$25K Investment
Zenefits $581,500,000 $582M $500M Series C by Fidelity 281.68X $7,042,000
Checkr $309,000,000 $309M $160M Series D by T. Rowe Price 34.31X $857,750
Rappi $1,391,800,000 $1.39B $1B Series E by SoftBank 26.23X $655,750
Ginkgo Bioworks $719,000,000 $719M $290M Series E by T. Rowe Price 13.76X $344,000
Guesty $59,400,000 $59.4M $35M Series C by Viola Growth 12.82X $320,500
Ironclad $84,000,000 $84M $50M Series C by Y Combinator 11.01X $275,250
Scope AR $11,700,000 $11.7M $9.7M Series A by Romulus Capital 10.6X $265,000
Equipmentshare $58,600,000 $58.6M $25M Venture Round
Unbabel $91,000,000 $91M $60M Series C by Point72 Ventures 5.76X $144,000
Gravitational $29,200,000 $29.2M $25M Series A by Kleiner Perkins 5.6X $140,000
Second Measure $25,400,000 $25.4M $20M Series A by Bessemer Venture Partners
Freight Farms $11,405,407 $11.4M Alive 3.98X $99,500
ShipBob $63,000,000 $63M $40M Series C by Menlo Ventures 3.51X $87,750
GrubMarket $90,000,000 $90M $28M Series C by Digital Garage, WI Harper Group 3.14X $78,500
Casetext $41,400,000 $41.4M Alive 2.72X $68,000
Mux $31,800,000 $31.8M $20M Series B by Evolution Media 2.72X $68,000
Privy $6,500,000 $6.5M $4.3M Series A by Samuel Clemens 2.69X $67,250
Flaviar $1,600,000 $1.6M Alive 2.08X $52,000
Virtuix $7,700,000 $7.7M $7.7M Equity Crowdfunding 1.96X $49,000
Next Caller $5,000,000 $5M $5M Series A by Crystal Towers 1.9X $47,500
Eden $38,700,000 $38.7M $25M Series B by Reshape
Astranis $13,500,000 $13.5M $13.5M Series A by Andreessen Horowitz 1.86X $46,500
Skymind $17,500,000 $17.5M $11.5M Series A by TransLink Capital
Paperspace $23,000,000 $23M $14.5M Series A by Battery Ventures, Intel Capital 1.63X $40,750
Regalii $0 $0.0 Alive 1.53X $38,250
7 Cups of Tea $0 $0.0 Alive 1.5X $37,500
Mashgin $11,000,000 $11M $8.2M Series A by Matrix Partners 1.4X $35,000
Aptible $12,000,000 $12M $12M Series A by Maverick Ventures
Cleanly $5,000,000 $5M $5M Series A by AddVenture 1.24X $31,000
OwnLocal $0 $0.0 OwnLocal buys back investors. 1.18X $29,500
Flirtey $16,000,000 $16M $16M Series A by Menlo Ventures, Qualcomm Ventures 1.11X $27,750
Eight (Formerly Luna) $69,400,000 $69.4M $40M Series C by Founders Fund
RealCrowd $0 $0.0 Alive 1.07X $26,750
ROSS Intelligence $13,120,000 $13.1M $8.7M Series A by Inovia Capital 1.06X $26,500
Labdoor $7,700,000 $7.7M $3.4 Series A by Floodgate 1.05X $26,250
Experiment $0 $0.0 Alive 1.03X $25,750
Goldbely $30,000,000 $30M $20M Series B by Enlightened Hospitality Investments
Jopwell $10,920,000 $10.9M $7.5M Series A by Cue Ball 1X $25,000
ZenProspect $9,200,000 $9.2M Nexus Venture Partners 1X $25,000
LivBlends $8,620,000 $8.62M $6.9M Venture Round
MTailor $7,200,000 $7.2M $5.2M Series A by Khosla Ventures 1X $25,000
Gecko Robotics $7,000,000 $7M $7M Series A by Founders Fund 1X $25,000
Senic $6,300,000 $6.3M $4M Seed Round by Birchmere Ventures, Target Partners, Gira 1X $25,000
AlphaFlow $6,300,000 $6.3M $4.1M Seed Round by Point72 Ventures, Resolute Venture Partners 1X $25,000
Zenysis $5,800,000 $5.8M $5.8M Series A
Shinesty $5,165,000 $5.17M $3.4M Venture Round 1X $25,000
Plate iQ $4,000,000 $4M $4M Series A by Eileses Capital 1X $25,000
Wevorce $3,100,000 $3.1M $3.1M Series A by Techstars Ventures 1X $25,000
OncoSynergy $3,000,000 $3M $3M Series A by Connecticut Innovations
Smarking $3,000,000 $3M $3M Seed Round by Khosla Ventures 1X $25,000
Final $3,000,000 $3M Acquired by Goldman Sachs 1X $25,000
The Ticket Fairy $2,500,000 $2.5M $2.5M Seed Round 1X $25,000
PAKIBLE $2,250,000 $2.25M $1.5M Seed Round 1X $25,000
Meadow $2,100,000 $2.1M $2.1M Seed Round 1X $25,000
Chai $2,000,000 $2M $2M Seed Round 1X $25,000
Transcend Lighting $2,000,000 $2M $2M Venture Round by Rose Capital 1X $25,000
VOIQ $2,000,000 $2M $2M Seed Round by 10x Capital Management, LEAP Global Partners 1X $25,000
Parknav $1,981,142 $1.98M Alive 1X $25,000
Lawn Love $1,800,000 $1.8M Alive 1X $25,000
Instavest $1,700,000 $1.7M $1.7M Seed Round 1X $25,000
Naytev $1,300,000 $1.3M Alive 1X $25,000
Roomstorm $1,300,000 $1.3M $1.3M Seed Round by S2 Capital, Y Combinator 1X $25,000
Terrafugia $1,000,000 $1M Acquired by Geely for Stock 1X $25,000
Asseta $1,000,000 $1M $1M Seed Round by Flight Ventures 1X $25,000
Chronos $0 $0.0 Alive 1X $25,000
Depict $0 $0.0 Alive 1X $25,000
Underground Cellar $0 $0.0 Alive 1X $25,000
Toymail $0 $0.0 Alive 1X $25,000
GBatteries $0 $0.0 $1.2M grant by Canada 1X $25,000
Italist $0 $0.0 Alive 1X $25,000
Akido Labs $0 $0.0 Alive 1X $25,000
Her $0 $0.0 $1M Seed Round 1X $25,000
Ravti $0 $0.0 Alive 1X $25,000
MotionSavvy $0 $0.0 Alive 1X $25,000
Give Me Tap! $0 $0.0 Alive 1X $25,000
CapLinked $0 $0.0 Alive 1X $25,000
BitAccess $0 $0.0 $1M Seed Round by Pantera Capital 1X $25,000
Roost $0 $0.0 Alive 1X $25,000
Traction $0 $0.0 Alive 1X $25,000
Bonfire $0 $0.0 Acquired by GTY Technology Holdings for $108M 1X $25,000
Vertical $0 $0.0 $1M Seed Round 1X $25,000
Nextravel $0 $0.0 Alive 1X $25,000
One Month $0 $0.0 Alive 1X $25,000
TrendMD $0 $0.0 Alive 1X $25,000
Lynks $0 $0.0 Alive 1X $25,000
Unima $0 $0.0 Alive 1X $25,000
1.Assuming all startups funded by Wefunder Advisors were in the portfolio of one fund with equal $25K investments, comparison data by Cambridge Associates.
2.Net IRR after fees and carry. Marked as of March 2019, to latest valuation paid by an investor. Unaudited. Unrealized. Learn about IRR
3.Source: Cambridge Associates. Note that unrealized IRR often goes down over time. The final realized return will likely be lower.
4.Past performance is not indicative of future returns. Read Other Disclosures
5. xx.team is operated by Wefunder Advisors, an exempt reporting advisor. Results include startups funded via wefunder.com.

XX has recruited great partners

The results above do not include the track record of the XX team members, who often invest individually. The XX is a team of 48 founders who built startups worth $ billion (with exits). That experience gives us an edge: we spot good founders and help them reach their full potential. Collectively, we've seeded startups now worth over $100M.

FAQ

Expand all
Who manages the fund?

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.

What is your track record?<

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.

Why would this offer better returns than a traditional VC firm?

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.

Why are only 250 investors allowed in each fund?

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.

How will you choose the 250 investors?

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.

What is the investment horizon?

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.

When are returns distributed?

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.

What are the fees?

The Fund charges 20% carried interest and a 2% management fee. This is the standard fee for venture capital and private equity funds.

Are there capital calls?

After you invest in the fund, there will be no further capital calls.

Can I cancel my investment and get a refund?

Yes, for 5 days.

Can I withdraw my money?

No. This is not a mutual fund. All capital will be invested in private companies in long-term, illiquid investments.

How many investments will be made?

8-10 investments.

Can I opt out of one of the fund's investments?

No. You can't opt out of any individual investment that the fund makes.

Can I make a follow-on investment on better terms?

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.

Can I see a preview of the Fund investment contracts?

Fund investors sign:

The agreements were drafted by Cooley and Wilson Sonsini.

When will I be notified of executed investments?

When investments are made, you'll be notified of the selection via e-mail.

What other reports will I receive?

Once a year by May 30th, we will update the estimated unrealized IRR of your portfolio.

Why are pro-rata rights important?

Why are pro-rata rights important?

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.

Can I get tax advice?

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.

Do you accept international investors?

Yes, if legal in your country. You should check with your lawyer and accountant.

Do I have to be an accredited investor?

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.

Can I make an investment within my IRA?

Yes.

I've never invested in a startup. Can I learn more?

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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XX was built by Wefunder to invest in 20,000 new founders by 2029. In all 50 states across America. Of all backgrounds.

XX Team LLC and XX Investments LLC are independent companies that license software from Wefunder Inc. Wefunder Inc is the parent company of Wefunder Advisors LLC, an exempt reporting adviser that advises SPVs used in Reg D offerings. Wefunder, Inc. is not regulated as either a broker-dealer or funding portal and is not a member of FINRA. Wefunder Inc. and none of it's associated persons, board members, or officers have a financial interest in XX Team LLC or XX Investments LLC. By using xx.team, you accept our Terms, Privacy Policy, & Investor Agreement. You may also view our Privacy Notice.

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