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Can I do a priced round on Wefunder?
Yes! However, due to the complexity of priced rounds, we don't have a default contract out of the box. We believe it's more wise for a founder to work with a law firm on these documents. We can upload into our system any custom agreements your law firm provides.
For an earlier-stage company, we typically recommend a SAFE or a convertible note. Besides being a dramatically simpler agreement, it allows the founder to do high-resolution fundraising.
However, if you have a major investor who can anchor a round (typically investing $250,000 or more) and negotiate the complex terms, doing priced equity might be a good option. Your law firm should provide these documents. However, if you'd like to save money, you can send them the CooleyGo Series Seed Generator.