Our Public Benefit Impact Report
In all 50 states. From all backgrounds. From coffee shops to supersonic planes. Backed by the people who believe in them
I founded Wefunder because I wanted to invest in my friends. I don’t feel a sense of meaning when I buy shares of Amazon. But startups? If I can support those I believe in, that’s value beyond only returns. I could give back, too
That is the core of what Wefunder is about. It’s about voting with your $100 on the future you want to see built – whether it’s a local coffee shop or a supersonic plane. It’s about believing in founders with crazy ideas... and then helping them succeed. And, if the idea works, it’s about sharing the wealth more fairly with everyone who also believed – so it’s not just the rich who keep on getting richer
This used to be illegal. So in 2012, we set out to persuade Congress to allow anyone to invest in the startups they love. That worked. But it took until 2020 for the laws to be reformed to be workable. You can see this in our growth chart:
Since 2012, we’ve helped fund over $250M into thousands of founders (about half in the last year). We’re proud of what we accomplished. But the best is yet to come. We’ve seen first-hand the raw untapped potential in America – those being left behind. One of the most powerful forces in the world is when someone believes in you and backs it up with a bit of their own money. We can now do that at scale
We’re a Public Benefit Corp not only for our mission to fix capitalism, but because it's the way companies should be run. Customers, employees, communities, and the long-term must be balanced with short-term results. We believe more long-term wealth will be generated for investors – and more wealth shared more fairly – if we focus on our impact and treat people fairly
If we are to remake capitalism, we must spark a social movement. Only when enough people share our values, will we succeed. I hope you’ll join us
Capitalism has created tremendous wealth, but the rewards are not shared broadly enough. Too many are being left behind – lacking the money, mentors, and community to help get them started
We help anyone invest in what they believe in – to vote with their dollars on what our society should fund. Together, we help more scrappy, hungry risk-takers take their shot to move our world in a better direction
The people are wiser than banks or venture capitalists
The "wisdom of the crowd" makes better decisions than gatekeepers. Capitalism works best when more of us invest our own money, voting with our dollars on the future to create
Everyone has the right to invest in what they believe in
Laws that limit investments to the wealthy are paternalistic, widen the wealth gap, and perpetuate structural racism. We are all worthy of deciding the people or causes to invest in
Helping more founders take their shot increases all of our wealth
Young, hungry, scrappy companies do more, faster
Investing in dreams - win or lose - benefits us all
Changing the world is hard; most startups die. But by funding more founders who strive valiantly to take their shot, we enrich our society and boost our talent, even if they fail
We’re one country. We help all of America, not just blue America
We’re liberals in the older sense. We don’t wage economic warfare to punish those we may disagree with
& are curing cancer in dogs. They’re using next-gen technology to reprogram immune cells into cancer fighting machines. Wesley Zach
, was the first gene-editing company to be accepted into Y CombinatorLEAH Labs
is run by the Oglala Lakota people of the Pine Ridge Indian Reservation in South Dakota. Tanka Bars
The destruction of the buffalo has locked them into generational poverty, resulting in an unemployment rate of 70+% , per capita income of $5,200, and the lowest life expectancy in U.S
Tanka’s employees share ownership, creating livelihoods on Pine Ridge
From seed to cup, is devoted to sourcing, roasting and delivering the best and most beautiful coffee to the people. Red Bay Coffee
They work globally to source high quality, sustainable and fair trade coffees. They work locally in Oakland, CA to roast and serve excellent coffee, provide outstanding service, and live their mission of inclusion and diversity
is rallying friends and neighbors to rebuild Bronzeville, Chicago into the vibrant hub of Black culture and commerce it once was.Urban Juncture
The team is building restaurants that celebrate black cuisine from across the globe. They’re also launching a co-working space and bicycling programs to attract visitors and bring residents together
is a 5-day indie music festival, held at multiple venues throughout downtown Boise, Idaho every year in March.Treefort Music Fest
Treefort has given a national voice to a local scene that was once invisible to the outside world – helping the city retain many aspiring artists and creatives
provides a gathering space where people connect, collaborate and build. Impact Hub Honolulu
They’ve held 150+ events with 10,000 attendees. They’ve also awarded $175,000 in scholarships for members and events that created social impact
is one of the fastest-growing breweries in the nation. Its had double-digit growth for years in a row and is also 30% employee-owned. Modern Times
The enterprise boasts full distribution on the West Coast, multiple tasting rooms, and a fervent following across 7 states
We launched XX in 2018. It's our "pre-YC" accelerator for super early-stage startups
Many are women, immigrants, or founders of color who’ve faced doubt from others. XX is often the first to take a chance on them – to say "Heck yes, you can!" We get them the resources, mentors, and bit of capital they need to launch into the most exciting, challenging effort they’ll ever take on
"Being an XX mentor was an incredible experience and helped to remind me what I love about startups. I had the opportunity to work with Renji and his team, getting close enough until I felt like I was part of the team."
"...My relationship with mentor Daniel has been super helpful. He spent a lot of time with us and changed the future of our company forever."
"I was able to really get to know Gaurang and Go Violet and the best part is getting to continue to be a cheerleader for him as the business grows. He's doing some really amazing work, and it's been wonderful to support him along the way."
"Shruti became much more than a mentor to me -- she became a lifelong friend. Shruti provided feedback on our product, fundraising narrative, and sales processes, and was always there when I needed support."
"I was lucky enough to work with the MedMe founders as part of XX’s Fight the Virus cohort. As a YC alum myself who’s seen many startups, I was incredibly impressed by their knowledge, resourcefulness, and ultimately progress throughout the batch. I can’t wait to see what they do next."
"Our mentors humanized the startup journey and continue to inspire us in expanding what we believe to be possible."
"Nodira is a modern day pioneer! In just a few weeks I've watched her pivot and pandemic proof her physical business model into an online one, she built a hardworking team while drumming up new business with an inspirational, laid-back attitude. Being her mentor and part of her journey has been so rewarding!"
"I grew so much as a person and CEO through my chats with Yaprak, and focused has benefited greatly. We are more than 10x bigger today than we were at the beginning of the year thanks to Yaprak's mentorship"
"It's been so wonderful meeting and learning from Anthony this year. Anthony is a rare combination of humility and brilliance. I can't wait to see what 2021 has in store for Anthony and StarkTx!"
"I don’t think I’ll ever be able to say this enough: I’m glad that John is a part of my journey. Admittedly, it’s unusual for me to have someone care so much and be genuinely interested in me and what I’m working on. John’s set the bar for what I’d want out of a mentor and a friend."
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