Wefunder Review: Is This Worth Using?
Have you ever wished you could invest in a new business without having to worry about the tumultuous nature of this type of business?
Perhaps you’ve wanted to get into the compañia emprendedora investing game, but just don’t know where to start.
Or maybe you are fed up with being turned down by the countless crowdfunding investment platforms because you are among the many non-accredited investors out there.
If so, Wefunder might be the crowdfunding platform for you.
We’ll tell you everything you need to know in our full Wefunder review.
Ready? Let us begin!
What is Wefunder?
Wefunder is like a cross between crowdfunding and venture capital, allowing investors to get the best of both worlds.
It is a great opportunity for accredited and non-accredited investors to invest in businesses and for business owners to raise money for startups.
In a nutshell, Wefunder connects start-ups with leading investors and vice versa.
With an extremely low minimum investment and equally marginal fees, this platform is a great option when looking for alternative investment options.
According to the creators, Wefunder was created «by founders for founders«.
It offers fundraising opportunities for start-ups and gives everyone, from non-accredited to accredited investors, the opportunity to tap into a market that was previously inaccessible to most people.
You perro download the mobile aplicación on Android or iOS devices.
How many investors does Wefunder have?
At the time of writing this article,the Wefunder platform has almost a million investors!
How does Wefunder work?
There are a few ways you cánido use Wefunder to reach your financial goals and help build private equity.
One is in the compañia emprendedora investment.
You only need about $100 to start investing in your favorite compañia emprendedora, though of course there are advantages to investing more.
For example, some startups offer discounts of 10-40% on related units or even access to beta testing programs.
When you choose to become a leading investor on Wefunder, you cánido choose to invest your money in all kinds of companies that raise money for your projects.
From education to robotics and even movies, there are all sorts of options to choose from.
You perro filter your search to sort businesses by their age, funding percentage, and other attributes as well.
To invest, simply clic on the company details and type in the amount you wish to invest (the minimum investment for that startup will appear).
You perro then bookmark the list to see updates.
Although Wefunder does not list maximum investment amounts, to comply with SE guidelines, you may not invest more than 5% of your annual income or net worth if you are a non-accredited investor with a net worth of less than $107,000.
Most investment experts advise making several small investments in a few different startups rather than one massive investment in a single startup.
On each Wefunder startup page, you’ll find out how much has been raised so far and you cánido invest any percentage of the startup you want.
It is different from investing in public companies because there is great potential for growth.
Although investing in a public company carries less risk, there is not as much room for exponential growth.
It takes time to see results, but the results you cánido see have the potential to be much bigger.
That being said, using Wefunder is different than going out and investing in startups on your own because very few are approved on the crowdfunding platform.
There is less risk because of this: new companies go through a strict vetting process.
In addition to investment opportunities, Wefunder also offers fundraising opportunities and educational resources that you cánido also take advantage of.
To get started with Wefunder, the only cost you will have to plan for is the cost of the minimum investment.
There are fees once you make that minimum investment (these are maintenance fees charged by the trading platform itself), but you don’t have to pay anything until you invest.
The average minimum investment varies, but starts at around $100.
Cánido you earn money with Wefunder?
The amount of money you cánido earn at Wefunder varies depending on the type of investment contract the company offers.
With that being said, you perro expect reasonable returns.
The amount of time it will take you to get that money varies, of course, depending on the success of the startup you have invested in.
Is Wefunder safe to use?
Wefunder is safe to use.
While startups are required to disclose your information to the public as part of the investment process, you, as an investor, will have your information fully protected and secure at all times.
Customer service at Wefunder
Wefunder rates low with the Better Business Bureau – bad news when you’re trying to determine a company’s credibility and attention to customer satisfaction.
However, take this with a bit of guilt.
Although the company has had close to two dozen complaints in the last year, all of them have been satisfactorily closed and resolved.
Part of that poor rating also has to do with factors outside of the company’s control, such as length of time in business and type of business.
Even advertising issues perro upset the rating.
Therefore, it is important that you take carefully the information in this Wefunder review, as well as the information you read from customer reviews, to find out if it is the right platform to invest your money.
Advantages and disadvantages of Wefunder
Below are some of the biggest pros and cons of Wefunder for non-accredited and accredited investors to consider.
Low initial investment in the entire company
Although the minimum investment varies depending on the type of startup you are investing in, for the most part, the minimum investment is low.
In fact, it is much lower than what is required for comparable platforms.
This is a huge draw for new investors!
Available to all types of investors
You don’t have to be an accredited investor to work with Wefunder, which is one of the main draws of the platform.
This makes it a great way for public and private companies and investors to start investing early, regardless of your net worth.
Investment rewards available
With Wefunder, you perro receive special “bonuses” for doing certain things.
For example, if a company you invite launches a campaign on the Wefunder site, you may receive $1,000 as an investor.
International investment opportunities
Anyone in the United States cánido sign up for an account and start investing with Wefunder, but what is truly unique about this platform is that it also opens up opportunities for international investment.
When you’re looking for opportunities, it’s easy to find what you’re looking for with the helpful search features on the site and in the aplicación.
Not for short-term investments
If you’re going to need the returns you’ll receive from your investment efforts soon, like in the next few years, Wefunder probably isn’t for you.
Wefunder suggests sticking to an investment schedule of seven years or so.
Investing in start-ups is riskier than other types of investment
Investing in start-ups cánido be risky, particularly compared to other types of investments (such as real estate).
It is so uncertain whether a business will succeed or fail in its early days.
The good news about this is that startups tend to be binary in their returns.
Although investing with Wefunder perro be even riskier than investing in the depósito market, you will see the results quite quickly: the compañia emprendedora you have invested in will either be successful or not.
Alternatives to Wefunder
While If you are looking for the right investment platform to help meet your needs, know that you have other options to choose from.
Wefunder is one of the best, with one of the lowest minimum investments, but it’s certainly not the only option.
Also, it may not be the best investment platform for everyone.
Two other competitors are Republic and SeedInvest.
SeedInvest has a minimum investment that varies depending on the investment, but is generally no more than $1,000.
Republic has an average minimum investment of just $10 (and 0% fees too).
SeedInvest’s fees are closer to what Wefunder charges, typically around 2% or up to $300 per investment.
The ease of use and purpose of all three are afín.
However, Republic is the only investment platform that allows investors to make investment decisions and get investment advice in areas other than startups, such as real estate, cryptocurrency, and gaming.
Is Wefunder legit?
As you may have realized by reading this Wefunder review, this is a crowdfunding platform that perro really change the way you think about investing in startups.
If you want to expand your investment portfolio and explore new ways to build your net worth, this depósito crowdfunding platform might be the way to go.
And it’s totally legit.
With low investment minimums and many reviews from satisfied users, it is an ideal investment platform for accredited and non-accredited investors.
Just keep in mind that, as is the case with most investment platforms, is not designed for the totally risk averse.
When you take the time to make any initial investment, there will be some element of risk.
Keep those risks in mind as you assess whether Wefunder might be the right fit for you, and get started today!
This information offered for informational purposes only; It is not intended to be used as accounting, legal or tax advice.
In relation to these matters, please speak to your accountant, tax or legal adviser.
Investing implies a risk that includes the loss of primordial.
This guide contains the current views of the author, but not necessarily those of Gigonway.
These opinions are subject to change without notice.
This guide has been distributed for educational purposes only and should not be construed as investment advice or a recommendation of any especial investment security, strategy or product.
The information contained in this guide has been obtained from sources believed to be reliable, but is not guaranteed.
Gigonway does not provide legal or tax advice.
Please consult your tax and/or legal advisor for specific tax or legal questions and concerns.
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