What is the relationship between XX and Wefunder?
XX Team and XX Investments LLC are separate companies run by former Wefunder team members. Our alumni are awesome.
Wefunder Inc, Wefunder Portal LLC, and Wefunder Advisors LLC do not have any equity stake in the XX companies. Our officers, directors, and associated persons also have no equity.
Since they are different companies, Wefunder receives no fees from XX Investments related to its transfer agent and custodian activities. And Wefunder also receives no performance based compensation from the XX Team.
Wefunder's motivation is to help create an ecosystem of other companies that make equity crowdfunding work better for both founders and investors.