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That's not exactly true. I'm the founder of Wefunder, so I know a fair bit about this. The 15 day waiting period for Form D is a proposed rule that has never
by npt4279 13y ago
That's not exactly true. I'm the founder of Wefunder, so I know a fair bit about this.
The 15 day waiting period for Form D is a proposed rule that has never been voted on. The law of the land - right now - does not require it. That's why we have 25 or so companies on Wefunder fundraising today.
I wrote a blog article explaining this all in excruciating detail at: https://wefunder.com/post/37-what-founders-need-to-know-about-accredited-crowdfunding https://wefunder.com/post/37-what-founders-need-to-know-abou...
- 7Figures2Commas 13y agoGood post. Thanks for sharing. I'd be fascinated to hear your thoughts about investors in a company soliciting investment on their behalf as is the case here. Some of the comments on Tim's blog are cringe-worthy: ---- Hi Tim, Thank you for this opportunity, I was just looking into Angel investing but found out that I lack the capital required for most investments. Does your offer apply to international backers? I’m based in Europe. ---- just funded. question – if I sign up for automated backing, is that what it says it is, ie I am committing $2500 every time you make an investment? or – is it guarantee that I can back but get approval before I have made the commitment? thanks! ---- Does the money in a 401k count when calculating the net worth for an accredited investor? ---- Gak, I don’t fulfill the needs to be accredited, so close though. I’d love to invest with you :( I even dropped my lunch and ran home from campus to jump on my computer. I guess I will have to wait. ---- In order to invest as a syndicate it states; “You must be accredited to invest.” How does an individual invest if they are not accredited???