Can you get your money back from Wefunder?

Yes. You can change your mind anytime up to 48 hours before a close, and you will receive a full refund, including any fees.

Can you get your money back from investing?

Basically, when you invest your money, it hopefully earns returns, and then the returns you’ve earned can also earn returns of their own. This can also go the other way during down markets, but over the long term, markets have historically trended upward. Here’s a more in-depth explanation of how compounding works.

Can you back out of an investment?

There are different ways an investor can cash out their investment and potentially make a profit. An investor can have an exit without the startup exiting. They can do so by getting rid of their stake in the company and making either a profit or a loss on their initial investment.

Can I sell shares in a wefund?

The WeFund holds the underlying security (such as a convertible note, stock, or loan). When you invest in a Wefund via a subscription agreement, you only have an economic interest – you have no voting or information rights in the startup the fund invests in. You also can’t sell any shares in the startup.

What is the difference between Wefunder safe and Y Combinator?

The Wefunder SAFE treats Major Investors (typically defined as investing between $10,000 and $25,000) much like the Y Combinator variation, but it has no voting rights for Minor Shareholders. The Wefunder SAFE: Has Repurchase Rights for Minor Shareholders.

Can a lead investor representative unilaterally amend safe?

However, if a particulary complex issue in a follow-on financing requires an amendment to the SAFE, founders are scared they’ll be unable to chase down thousands of signatures. The company can designate a Lead Investor Representative, and all investors agree to allow that person to unilaterally amend the SAFE.