As a platform for companies to conduct their Community Round, Wefunder provides technology for early-stage private companies to gain funds from their community. We offer investors the opportunity to be early investors in companies that excite them. Once a Community Round is finalized, Wefunder informs each company of the importance of regular investor updates. We encourage them to provide quarterly updates but at least every six months. The frequency and quality of updates are ultimately up to the founders. As they approach six months, we will reach out to them to remind them.
Most companies are also legally required to issue an Annual Report 120 days after the end of their fiscal year. The annual report is a comprehensive update with their latest financials, board members, new financings, and more. Sometimes, they may no longer be required to file this information, though we encourage them to do so anyway. Most companies have their fiscal year end on December 31st, and their annual reports come out by April 30th.