How do SPV Rights work?
When you raise follow-on financing (such as your Series B), SPV Rights will allow an SPV advised by Wefunder Advisors to invest up to the amount you raised through your Regulation CF offerings (at the valuation and terms at that round that the VC's negotiated).
The SPV will be a Venture Capital Fund specifically meant to only invest in your company. Only eligible accredited investors may invest in it, including eligible accredited investors who invested in your prior Regulation CF’s offerings.
The Lead Investor will act as portfolio manager of the SPV on behalf of Wefunder Advisors and can earn an additional 5% carried interest on the SPV, providing an additional incentive for them to help your company grow.