What does a Lead Investor do for me?
The Lead Investor:
- Vets the company and decides if they want to invest on the same terms as those offered on Wefunder.
- Helps the founder grow their startup, with advice, connections, and mentorship. They only earn money if the startup grows in value.
- Directs the signing of documents on behalf of all investors on Wefunder, such as SAFEs converting to equity, follow-on financing authorizations, acquisitions, or any other corporate action. (Technically, XX Investments LLC, as the Custodian, signs documents on behalf of other investors - based on the Lead's direction). These are the same documents a Lead signs for their personal investment.