What does a Lead Investor do?
If you are familiar with an AngelList syndicate lead, the Lead Investor acts similarly.
As your company grows, your lawyers will eventually ask you to get signatures from every investor on your cap table, even if you don't explicitly need their permission.
These signatures will authorize corporate actions like expanding a stock option pool, converting a SAFE or note, initiating a follow-on financing, or getting acquired.
The Lead Investor is the single person who makes decisions with respect to these documents on behalf of your investors on Wefunder and then directs the custodian to take a specific action, such as directing the signing of the documents.
The Lead Investor is also compensated by your investors to maximize the value of your securities and, by extension, to help your company succeed.