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.
Earn 10% CARRY AND UP TO $1000In 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.
Company | Follow-on Funding after We Invested |
Last Status | Return Multiple | Value of $25K Investment |
|
---|---|---|---|---|---|
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Zenefits | $581,500,000 | $500M Series C by Fidelity | 206.1X | $5,152,500 |
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Ginkgo Bioworks | $429,000,000 | $270M Series D by General Atlantic | 4.37X | $109,250 |
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Rappi | $339,000,000 | $200M by DST Global | 12.34X | $308,500 |
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Checkr | $149,000,000 | $100M Series C by T. Rowe Price | 34.31X | $857,750 |
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UBiome | $105,000,000 | $83M Series C by OS Fund | ||
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GrubMarket | $62,000,000 | $32M Series C by GGV Capital | 3.15X | $78,750 |
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ShipBob | $61,500,000 | $40M Series C by Menlo Ventures | 7.31X | $182,750 |
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Equipment Share | $56,500,000 | $26M Series B by Insight Venture Partners | ||
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Ironclad, Inc. | $30,750,000 | $22.75M Series B | 2.9X | $72,500 |
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Goldbely | $30,000,000 | $20M Series B by Enlightened Hospitality Investments | ||
Unbabel | $29,500,000 | $23M Series B by Scale Venture | 1.45X | $36,250 | |
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Guesty | $22,750,000 | $19.8 Series B by TLV Partners | 2.56X | $64,000 |
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Casetext | $19,000,000 | $12M Series B by Union Square | 2.4X | $60,000 |
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Eight | $19,000,000 | $14M Series B by Khosla Ventures | 1X | $25,000 |
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Flirtey | $16,000,000 | $16M Series A by Qualcomm and Menlo Ventures | 1.11X | $27,750 |
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Paperspace | $15,778,000 | $13M Series A by Battery Ventures | 1.63X | $40,750 |
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Astranis | $13,500,000 | $13.5M Series A by Andreessen Horowitz | 1.87X | $46,750 |
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Skymind | $11,900,000 | $8.9M By Translink Capital & others | 1.81X | $45,250 |
Regalii | $11,900,000 | $7.9M by Kapor Capital | 1.68X | $42,000 | |
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Aptible | $11,800,000 | $11.8M Series A by Maverick Ventures | 1.08X | $27,000 |
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Freight Farms | $11,000,000 | $7.3M Series B by Spark Capital | 1.75X | $43,750 |
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Bonfire | $11,000,000 | Acquired by GTY Technology Holdings for $108M | 1X | $25,000 |
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SimpleLegal | $10,000,000 | $10M Series A by Emergence Capital | 2.49X | $62,250 |
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Eden Tech | $10,000,000 | $10M Series A by S28 Capital | 1.23X | $30,750 |
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Mux | $9,000,000 | $9M Series A by Accel | 1.33X | $33,250 |
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Ross Intelligence | $8,700,000 | $8.7M Series A by iNovia Capital | 1.53X | $38,250 |
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LabDoor | $7,740,000 | $3.4M Series A by Floodgate | 1X | $25,000 |
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Jopwell | $7,500,000 | $7.5M Series A by Cue Ball | 1X | $25,000 |
Gecko Robotics | $7,000,000 | $7M Series A by Founders Fund | 2.58X | $64,500 | |
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Virtuix | $7,000,000 | $7M on SeedInvest in 2016 | 1X | $25,000 |
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Zenprospect | $7,000,000 | $7M Series A by Nexus Venture Partners | 1X | $25,000 |
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Replenish (Liveblends) | $6,900,000 | $6.9M by Alumni Ventures | 1X | $25,000 |
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Privy | $6,350,000 | $4.25M Series A by Accomplice | 2.68X | $67,000 |
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Senic | $6,300,000 | $4M by Birchmere Ventures | 1X | $25,000 |
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Zenysis | $5,800,000 | $5.8M Series A by Tencent Holdings | 1.65X | $41,250 |
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Second Measure | $5,400,000 | $5.4M seed round | 1X | $25,000 |
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Terrafugia | $5,350,000 | Acquired by Geely for Stock | 1X | $25,000 |
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Next Caller | $5,000,000 | $5M Series A by Crystal Towers | 1.9X | $47,500 |
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Cleanly | $5,000,000 | $5M Series A by AddVenture | 1.24X | $31,000 |
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Shinesty | $4,460,000 | $3.38M Series A | 1X | $25,000 |
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Gravitational | $4,200,000 | $4.2M seed round | 1X | $25,000 |
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Alphaflow | $4,100,000 | Seed Round $4.1M | 1X | $25,000 |
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Plate iQ | $4,000,000 | $4M Series A by Eileses Capital | 1X | $25,000 |
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Circle Medical Technologies | $3,500,000 | $3.5M by A. Capital Ventures | 1X | $25,000 |
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Wevorce | $3,100,000 | $3.1M Series A by TechStars | 1X | $25,000 |
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OncoSynergy | $3,000,000 | $3M Series A by Connecticut Innovations | 1.44X | $36,000 |
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Final | $3,000,000 | Acquired by Goldman Sachs | 1X | $25,000 |
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Dealflicks | $2,900,000 | Failed | 0X | $0 |
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Flaviar | $2,250,000 | $2.25M Series A by Speedinvest II International | 2.08X | $52,000 |
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Mtailor | $2,000,000 | $2M by Khosla Ventures | 1X | $25,000 |
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Chai | $2,000,000 | $2M seed round | 1X | $25,000 |
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TranscendLighting | $2,000,000 | $2M Seed Round by Rose Capital | 1X | $25,000 |
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Scopear | $2,000,000 | $2M by New Stack Ventures | 1X | $25,000 |
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Lawnlove | $1,900,000 | Alive | 1X | $25,000 |
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One Month Rails | $1,900,000 | $1.9M by Arena Ventures | 1X | $25,000 |
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Instavest | $1,700,000 | $1.7M seed round | 1X | $25,000 |
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Real Crowd | $1,600,000 | $1.6M seed round | 1X | $25,000 |
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Pakible | $1,500,000 | $1.5M seed | 1X | $25,000 |
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Naytev | $1,300,000 | Alive | 1X | $25,000 |
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Roomstorm | $1,300,000 | $1.3M seed round | 1X | $25,000 |
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Asseta | $1,000,000 | $1M by Flight Ventures | 1.54X | $38,500 |
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Statuspage.io | $0 | Acquired by Atlassian for Cash | 2.87X | $71,750 |
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7 Cups of Tea | $0 | Alive | 1.62X | $40,500 |
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Geekatoo | $0 | Acquired by HelloTech | 1.28X | $32,000 |
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Interviewed | $0 | Acquired by Indeed for Cash | 1.21X | $30,250 |
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Bitaccess | $0 | Alive | 1X | $25,000 |
GBatteries | $0 | $1.2M grant by Canada | 1X | $25,000 | |
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Motionsavvy | $0 | Alive | 1X | $25,000 |
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Ravti | $0 | Alive | 1X | $25,000 |
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Roost | $0 | Alive | 1X | $25,000 |
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Two Tap | $0 | Alive | 1X | $25,000 |
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CapLinked | $0 | Alive | 1X | $25,000 |
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Chronos | $0 | Alive | 1X | $25,000 |
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Depict | $0 | Alive | 1X | $25,000 |
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Experiment | $0 | Alive | 1X | $25,000 |
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Give Me Tap! | $0 | Alive | 1X | $25,000 |
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Italist | $0 | Alive | 1X | $25,000 |
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Meadow | $0 | $2.1M seed round | 1X | $25,000 |
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Olset | $0 | Acquired by Deem Inc. | 1X | $25,000 |
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OwnLocal | $0 | Alive | 1X | $25,000 |
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Parknav | $0 | Alive | 1X | $25,000 |
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Toymail | $0 | Alive | 1X | $25,000 |
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Underground Cellar | $0 | Alive | 1X | $25,000 |
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Voiq | $0 | Alive | 1X | $25,000 |
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Mashgin | $0 | Alive | 1X | $25,000 |
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NexTravel | $0 | Alive | 1X | $25,000 |
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Smarking | $0 | $3M seed round led by Khosla | 1X | $25,000 |
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Placenote (previously Vertical) | $0 | Alive | 1X | $25,000 |
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Worklife | $0 | Acquired by Cisco Systems Inc. | 1X | $25,000 |
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AppCanary | $0 | Acquired by Github | 1X | $25,000 |
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Her | $0 | Alive | 1X | $25,000 |
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Ticketfairy | $0 | Alive | 1X | $25,000 |
DealGamed (Lynks) | $0 | Alive | 1X | $25,000 | |
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TrendMD | $0 | Alive | 1X | $25,000 |
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Unima | $0 | Alive | 1X | $25,000 |
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Nomiku | $0 | Alive | 1X | $25,000 |
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Outbound.io | $0 | Acquired by Zendesk | 0.84X | $21,000 |
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Bikanta | $0 | Failed | 0X | $0 |
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Watchsend | $0 | Failed | 0.78X | $19,500 |
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Camperoo | $0 | Failed | 0X | $0 |
Gone | $0 | Failed | 0X | $0 | |
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Bluesmart | $0 | Failed | 0X | $0 |
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CoolChip | $0 | Failed | 0X | $0 |
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Emberlight | $0 | Failed | 0X | $0 |
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Kash | $0 | Failed | 0X | $0 |
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Automate Ads | $0 | Failed | 0X | $0 |
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MadeSolid | $0 | Failed | 0X | $0 |
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SourceEasy | $0 | Failed | 0X | $0 |
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Stayful | $0 | Failed | 0X | $0 |
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Swapbox | $0 | Failed | 0X | $0 |
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ValetAnywhere | $0 | Failed | 0X | $0 |
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WhalePath | $0 | Failed | 0X | $0 |
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Beep | $0 | Failed | 0X | $0 |
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Doblet | $0 | Failed | 0X | $0 |
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Fixed | $0 | Failed | 0X | $0 |
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Magnises | $0 | Failed | 0X | $0 |
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Traction | $0 | Failed | 0X | $0 |
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Skynet | $0 | Failed | 0X | $0 |
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Vive | $0 | Failed | 0X | $0 |
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, uBiome, 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.
For a longer answer, there's a four-part blog article explaining why we created funds, and how we see them as different.
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.
Each fund is expected to make at least 10 investments. Most will make 20-50.
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.Most often between $10,000 and $25,000. We may invest up to $100,000.
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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You are backing XX Fund I !
You are backing companies when the club invests $100,000 or more. You are paying 20% Carried Interest.
You'll be notified via e-mail when the Club funds a startup. To complete an investment, you must Opt-In within 5 days.
You are automatically investing in XX Fund I !
You are backing companies when the club invests $100,000 or more. You are paying 20% Carried Interest.
You'll be notified via e-mail when the Club funds a startup. To cancel an investment, you must Opt-Out within 3 days.
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