Wefunder launches 39 YCombinator companies *in one day*

It’s been less than a month since the SEC’s recent rule changes went into effect, but Wefunder (YieldTalk review here) is pouring on the gas, launching 39 simultaneous offerings for startups that have been through the well-known YCombinator incubator program.

From an email sent by Sherwood Neiss of Crowdfund Capital Advisors:

Issuers that are raising money on Wefunder are using the new “testing the waters” provision that allows them to see if there is enough interest in their offering before spending the time and money to complete all the disclosure requirements. Once a company hits their target, they formally file, open their offering and collect their commitments. They still must hit their disclosed minimum funding target, or the money collected in escrow is returned to investors.

What’s notable here IMO is that this moves away from the “either/or” dynamic of equity crowdfunding vs. traditional Angel/VC funding, and toward a complementary ecosystem, with companies allocating a portion of their raise for non-professional investors, usually at much lower minimums.

There’s quite a wide range of industries and products represented in the batch of 39 companies – well worth a look!

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