Biotech Fund | Investing in early stage life science startups | Wefunder

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As science is democratized, hacking biology is becoming more efficient and accessible. Programming the biological system touches all aspects of life from healthcare to manufacturing to agriculture. The cost of automation, materials, and labor will drop by a step function

The future of life sciences will be led by pioneer scientists utilizing technology to make biology move faster, accurately testing more hypotheses per unit time. The foundation of biotech is at an inflection point and our fund managers invest in the scientist founders the traditional funders are neglecting, the scientists working on the problems that will transform how we do biology

We interview the founders, research the market, dive into the disclosure & financials, and compile a deal memo. If we think the fund should invest, we negotiate terms that we would personally invest our own money under. We then decide whether to personally invest

This Fund is not yet active. We are currently recruiting partners. Funds are held in escrow and are fully refundable on request

The team completes a deal memo while conducting due diligence. You can choose to invest more directly

Many portfolio companies are required by law to do an Annual Report by April 30th, which includes financials. Here's a .sample

By May 30th of each year, Wefunder recalculates realized and unrealized IRR for each fund you invest in

Wefunder's fully-owned subsidiary, Wefunder Advisors LLC, manages the fund on your behalf. Wefunder Advisors is an exempt reporting investment advisor. Wefunder Advisor hires a team of domain experts to assist

You can view Wefunder Advisor's . We have historically outperformed the median venture capital firm. We've invested in multiple startups at the seed stage, that are now valued at over several hundred million to a billion dollars, such as Checkr, Zenefits, Gingko Bioworks, Rappi, Equipment Share, and ShipBob. In total, we've invested in 10% of Y Combinator's track record Top 100 companies

We believe founders make the best early-stage investment decisions. At this stage, there is little data, and intuition from a lifetime of experience is the guide

Experienced founders often see the best upcoming founders first, well before venture capitalists do, and are typically on the cutting edge of what is new

Our funds follow-on when those founders make personal investments. Further, most often these foudners are making a personal time commitment to help these startups succeed. We believe matching the wisdom of a group of experienced and well-connected founders will lead to better returns

If the Fund has greater than 250 investors, it is regulated as a full-fledged mutual fund, which would dramatically increase costs and make the fund impractical as an investment vehicle

We place priority on investors who invest high amounts early, but make exceptions for those who can help the portfolio that the Fund invests in

Equity investments in startups have a very long term horizon. It typically takes 3-10 years for a successful company to have a liquidity event, when it either gets acquired or has an IPO

Some Funds may invest in main street businesses with annual dividends or revenue share repayments. If this is the case, it will be noted in the investment target description

This is a 10 year venture capital fund. Investments in startups have a very long term horizon. It typically takes 3-10 years for a successful company to have a liquidity event, when it either gets acquired or has an IPO

The Fund charges 20% carried interest and a 2% management fee. This is the standard fee for venture capital and private equity funds

After you invest in the fund, there will be no further capital calls

Yes, for 5 days

No. This is not a mutual fund. All capital will be invested in private companies in long-term, illiquid investments

8-10 investments

No. You can't opt out of any individual investment that the fund makes

In many cases, yes. We expect most startups will want to raise more money than the fund provides. When this happens, we will give inside access to limited partners

Fund investors sign: The agreements were drafted by Cooley and Wilson Sonsini.Subscription Agreement Operating Agreement Disclosure Statement

When investments are made, you'll be notified of the selection via e-mail

Once a year by May 30th, we will update the estimated unrealized IRR of your portfolio

We have pro-rata rights in almost all portfolio companies. This means that when a seed investment receives additional investment from a venture capitalist, we have the right to invest more to maintain our percentage ownership on the same terms. Since startup investments obey the power law, it's very important to double down on the winners to turbo-charge returns

When a pro-rata opportunity exists, we will spin up a special-purpose-fund and give limited partners in the fund the opportunity to invest. We give first priority to those limited partners who invest $50,000 or more

Here's a concrete example: in 2014, we invested $100,000 in Checkr's seed round. In 2015, Checkr raised $9M from Accel in a Series A. We gave an opportunity to limited partners to invest on those terms. Recently, Checkr raised $100,000 million Series C at a substantially higher valuation. To date, Checkr has a 34X cash on cash unrealized return

We're not allowed to offer tax advice. You'll receive a single K-1 from each Fund each year. Your accountant can offer more specific advice

Yes, if legal in your country. You should check with your lawyer and accountant

Yes. We can accept investments in a Fund only from those who are an accredited investor. Unfortuantely, it is still illegal for unaccredited investors to invest in venture capital funds

Yes

Yes. You can check out our for more information on risks, returns, different securities, and how startup financing works. FAQ

Past performance is not indicative of future returns. Examples of previous Wefunder investments are for illustrative purposes only. Full list available upon request. There is no guarantee that any fund will achieve the same exposure to, or quality of, startups held by any existing fund. Any investment involves a high degree of risk and is suitable only for sophisticated and qualified accredited investors. We do not provide investment advice to investors and no communication, through this website or in any other medium, should be construed as a recommendation for any security offered on or off Wefunder. Information on this page is qualified in its entirety by the Fund’s Operating Agreement, Disclosures, and Subscription Agreement, which should be reviewed carefully prior to making an investment decision. Please see these documents for full details regarding risks, minimum investment, fees and expenses. The fund's legal name is also different than the name used above. Disclosures

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Founders and investors with deep biotechnology experience

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You are backing Biotech Fund!

You are backing companies when the club invests or more. $50,000 You are paying % Carried Interest.20

You'll be notified via e-mail when the Club funds a startup. To complete an investment, you must Opt-In within 5 days

You are automatically investing in Biotech Fund!

You are backing companies when the club invests or more. $50,000 You are paying % Carried Interest.20

You'll be notified via e-mail when the Club funds a startup. To cancel an investment, you must Opt-Out within 3 days

Invest alongside a crowd of domain experts, on the same terms, when the club invests or more. $50,000 Pay Carried Interest20%

How much do you want to invest per deal?

Can opt out of any deal or unback the club anytime

Since this is your first time backing a club, we'd like to make sure you are fully informed:

Here's our . For more info, let us contact you.Slide Deck

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All investments involve risks, including possible loss of capital

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