head of community at Wefunder & founding partner at XX
XX weekly: Breakfast with Nate (Airbnb) & What's next
Hi there! Happy Thanksgiving!
How was your weekend? At the XX house, we made many many dumplings with our closest friends and the XX founders. We must’ve made more than 200 dumplings! All of this (dumplings included) wouldn’t have been possible without you.
XX Events A little more than a week ago, Nate (one of the 3 cofounders of Airbnb) joined us for breakfast. He lived 5 blocks away from our house so he just walked over to spend his morning with us. Nate told us about Airbnb’s biggest oh-shit moments (also turned out to be his fondest memories) and THE cereal story but from his perspective. Jenna, our storyteller, wrote about it and you can read it here.
Wednesday, November 28th @7pm: Fireside Chat Dinner with founders of Chartboost, Kabam and Hipmunk and investor from SV Angel.
This week, Maria (Chartboost, Series B), Beth (SV Angel), Holly (Kabam, sold for $1B, part-time YC partner), Adam (Hipmunk, YC) and Lynne (Key Values, YC) will be at our fireside chat dinner. This will be a bigger than usual dinner so let us know if you’d like to join us. We cook all our meals at home 🙂
What's next for XX: The last day of the first XX batch is in three weeks. It’s crazy how time just flew by. It feels like they just started a few weeks ago!
To celebrate their hard work in the last three months, we’re hosting a huge party for them on Friday, 12/14. You’re totally welcome to join if you’d like!
The XX started out as a mini project. We talked to many early stage female founders and investors and realized how so many qualified founders weren’t getting funding at the early stage, and we wanted to figure out how to fix that. We wanted to create a no brainer program to help founders have the best support they needed when building their companies. After 10 weeks, I’m happy to say the XX proved to be super helpful for the first batch of 6 teams. They love us and we love helping them. We’ve become really good friends. And that’s why we’re starting another batch. This time, focusing on immigrant founders.
Many of us are the children, grandchildren, or great-grandchildren of immigrants. Half of Fortune 500 founders are immigrants. That’s why we’ll choose 10 companies led by immigrant founders to be part of our next XX batch, starting on Februrary 4th, 2019. If you know any awesome immigrant founders, please nominate them to us! The deadline for the next batch is January 6th.
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 320 startups
Wefunder Advisors LLC
for 105 startups
for 3 startups
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).
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.
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