Under current federal law, only certified investors may view if Second Measure is fundraising.
What they do: Second Measure uses the data of billions of credit card transactions to analyze macroeconomics trends in real-time. Their dataset covers more than 1% of all U.S. consumer spending to monitor the live performance of public and private companies.
Why it’s a big deal: Investors need insights as fast as possible, but typically wait hours for company news or months in the case of quarterly reports. With Second Measure investors can see how their investments are doing in real-time. Second Measure can provide information like Netflix’s retention last month or how many Lyft riders simultaneously use Uber.
Venture capital firms and hedge funds spent over $4 billion last year on ‘late’ research. Second Measure is the first analytics platform that measures company sales performance as the sales are being transacted — right now.
A testament to the strength of Second Measure (YC S15) and their data analysis product is the fact that, after backing the company, Y Combinator was so impressed that they became paid users of the product themselves and are now using it to help inform their own future investments.
The Orange Fund invests in up to 20 top startups in Y Combinator's summer 2015 batch.
249 startups have raised $82,978,386 on Wefunder
Wefunder supports three different federal laws that allow startups to raise money legally. To comply with the law, Wefunder Advisors LLC and Wefunder Portal LLC (both owned by Wefunder Inc) also list startups depending on the regulation used.
Legal May 16th 2016
Wefunder Portal LLC
for 164 startups
Wefunder Advisors LLC
for 92 startups
for 1 startup
We are the largest funding portal for Regulation Crowdfunding.
Some fine print: 1) These numbers include startups currently live on Wefunder if they pass their minimum target. 2) Some startups use two different laws at the same time (i.e., Regulation D and Regulation Crowdfunding).
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