Wefunder reported seed funding in the amount of $530,000 recently. Â The funding round, while interesting merits another look as Wefunder used their own site to Crowdfund itself.
Still prohibited from advertising, they used current state “blue sky” laws  to raise $533,800 from 58 investors according to their blog.  The amounts ranged from $100 to $100,000 and half of these investors were “un-accredited”. They believe they are the first platform to accomplish this! (if you believe otherwise please let us know)
Wefunder is not just another equity portal start up. Â They believe having “hundreds of investors is a good thing”. Â They encourage involvement and participation and recognize the fact that soon, “innovation is no longer dependent on a few thousand angel investors in San Francisco”. Â Bravo.
Wefunder has some interesting facts on their site, for example;
Only 3% or 256,000 of the 8 million accredited investors in the US are active angels, and those angels invest $21 billion each year
Once the Jobs Act is fully engaged in 2013 that 3% should grow dramatically.  Creating an environment where more accredited investors (as well as unaccredited investors) can fund start ups – is an important objective for job creation in this country.  It is also an exciting time for  finance via the innovation of crowdfunding.