Note from the Publisher: Impact investing is a BIG deal nowadays, and who doesn’t want to do good AND make money? How great is that?! To that end, one of the sites we often reference is Wefunder, a crowdinvesting site that has lots of interesting crowdfunding deals, that we also think is well designed, too. Wefunder’s charter is “To Defend the American Dream”, and has recently recently become a PBC or Public Benefit Corporation, which are legally obligated to benefit society. The firm is still focused on profitability and growth, however. We love it – you CAN have it all! Go Wefunder!
“Wefunder, the leader to date in the Reg CF crowdfunding market, has become a Public Benefit Corporation (PBC).
A Public Benefit Corporation is a corporate entity that has a legal obligation to benefit society. A PBC still embraces profit and growth but a PBC does not focus soley on maximizing shareholder value to the detriment of purpose. Not too long ago Kickstarter, the largest US rewards based crowdfunding platform, announced that it had become a PBC. Wefunder has updated its charter to reflect its objective to ‘Defend the American Dream. Wefunder will accomplish this goal by growing wealth and decreasing economic disparity by providing access to capital alongside access to investment opportunity.”