First and foremost, I respect the mission and the impact. I think investing in start-up companies is fulfilling, and I'm glad that Wefunder allows low buy-ins. You can support companies with as little as $100. I also appreciate the variety of industries represented and the variety of terms offered (payback, future equity, etc.). However, there is a frustrating lack of transparency, communication, and support.Over the last four years, I must admit that the investor experience has been disheartening. A handful of companies took money from numerous investors (including me) a few years ago and haven't said a word. They are nowhere to be found. There are no updates, and therefore, no hope of any return. I can only assume that minimal or no due diligence was conducted. I wish the Wefunder team would put in more effort to validate the legitimacy of businesses and require some routine updates from companies as part of the contract to collect funds. As far as I can tell, companies can do whatever they want once they receive the funds, and there are no repercussions. There is no effort to protect investors.
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