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	Comments on: Why I no longer invest on StartEngine	</title>
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		<title>
		By: James		</title>
		<link>https://peterzaitsev.com/why-i-no-longer-invest-on-startengine/#comment-55</link>

		<dc:creator><![CDATA[James]]></dc:creator>
		<pubDate>Sat, 09 Nov 2024 14:28:59 +0000</pubDate>
		<guid isPermaLink="false">https://peterzaitsev.com/?p=1100#comment-55</guid>

					<description><![CDATA[In reply to &lt;a href=&quot;https://peterzaitsev.com/why-i-no-longer-invest-on-startengine/#comment-52&quot;&gt;Matt&lt;/a&gt;.

Thanks!]]></description>
			<content:encoded><![CDATA[<p>In reply to <a href="https://peterzaitsev.com/why-i-no-longer-invest-on-startengine/#comment-52">Matt</a>.</p>
<p>Thanks!</p>
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		<title>
		By: Matt		</title>
		<link>https://peterzaitsev.com/why-i-no-longer-invest-on-startengine/#comment-52</link>

		<dc:creator><![CDATA[Matt]]></dc:creator>
		<pubDate>Sat, 28 Sep 2024 03:36:15 +0000</pubDate>
		<guid isPermaLink="false">https://peterzaitsev.com/?p=1100#comment-52</guid>

					<description><![CDATA[&lt;span&gt;First of all, this is based on my own experience and also my conversations with VCs and experienced people.&lt;/span&gt;

&lt;span&gt;1. They get you signed up and in the contract it doesn&#039;t say anything about your commitment to bringing a set number of investors or amount of investment. Then, they ask you to convince them that you will bring the first $300K to the campaign by yourself. If your plan is not convincing for them, they excuse themselves and cancel your campaign after weeks. So, don&#039;t waste your time.&lt;/span&gt;

&lt;span&gt;2. It&#039;s very expensive. They&#039;ll take 3.5% of your company plus $70k (based on $1.07M goal) for just listing you on their website. Also, they force you to your lackluster cap table software.&lt;/span&gt;

&lt;span&gt;3. Every single VC I talk to, literally tells me if we raise money with any crowdfunding platform, they won&#039;t be interested in investing anymore. Not sure why, but it is what it. You raise CF, you should expect to raise the next rounds with them forever.&lt;/span&gt;

&lt;span&gt;4. It takes days to get an answer from them. They have internal communication issues.&lt;/span&gt;

&lt;span&gt;5. They&#039;re extremely rude and unprofessional. Trustpilot doesn&#039;t allow explaining.&lt;/span&gt;

&lt;span&gt;I would say, stay away from these crowdfunding platforms. Go straight to VCs, angel investors, or use kickstarter or indiegogo so that you don&#039;t use anything. You&#039;ll keep your company and grow. You&#039;ll just have to give your backers some perks. They deserve it!&lt;/span&gt;
&lt;span&gt;The salesman is a good guy though. He doesn&#039;t belong there.&lt;/span&gt;]]></description>
			<content:encoded><![CDATA[<p><span>First of all, this is based on my own experience and also my conversations with VCs and experienced people.</span></p>
<p><span>1. They get you signed up and in the contract it doesn&#8217;t say anything about your commitment to bringing a set number of investors or amount of investment. Then, they ask you to convince them that you will bring the first $300K to the campaign by yourself. If your plan is not convincing for them, they excuse themselves and cancel your campaign after weeks. So, don&#8217;t waste your time.</span></p>
<p><span>2. It&#8217;s very expensive. They&#8217;ll take 3.5% of your company plus $70k (based on $1.07M goal) for just listing you on their website. Also, they force you to your lackluster cap table software.</span></p>
<p><span>3. Every single VC I talk to, literally tells me if we raise money with any crowdfunding platform, they won&#8217;t be interested in investing anymore. Not sure why, but it is what it. You raise CF, you should expect to raise the next rounds with them forever.</span></p>
<p><span>4. It takes days to get an answer from them. They have internal communication issues.</span></p>
<p><span>5. They&#8217;re extremely rude and unprofessional. Trustpilot doesn&#8217;t allow explaining.</span></p>
<p><span>I would say, stay away from these crowdfunding platforms. Go straight to VCs, angel investors, or use kickstarter or indiegogo so that you don&#8217;t use anything. You&#8217;ll keep your company and grow. You&#8217;ll just have to give your backers some perks. They deserve it!</span><br />
<span>The salesman is a good guy though. He doesn&#8217;t belong there.</span></p>
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		<title>
		By: John B		</title>
		<link>https://peterzaitsev.com/why-i-no-longer-invest-on-startengine/#comment-51</link>

		<dc:creator><![CDATA[John B]]></dc:creator>
		<pubDate>Sun, 15 Sep 2024 15:48:25 +0000</pubDate>
		<guid isPermaLink="false">https://peterzaitsev.com/?p=1100#comment-51</guid>

					<description><![CDATA[Not really feeling safe providing my social security number, right away.]]></description>
			<content:encoded><![CDATA[<p>Not really feeling safe providing my social security number, right away.</p>
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		<title>
		By: Brian Thopsey		</title>
		<link>https://peterzaitsev.com/why-i-no-longer-invest-on-startengine/#comment-49</link>

		<dc:creator><![CDATA[Brian Thopsey]]></dc:creator>
		<pubDate>Wed, 17 Jul 2024 19:54:56 +0000</pubDate>
		<guid isPermaLink="false">https://peterzaitsev.com/?p=1100#comment-49</guid>

					<description><![CDATA[AngelList is a great alternative but most all the offerings you need to be an accredited investor to participate. Fundrise just created a venture fund with the minimum $10 characteristics you mention. Republic also created the Note fund for diversification at low entry. We list a few here: https://www.fundwisdom.com/investors/funds and let you filter if you are not accredited.]]></description>
			<content:encoded><![CDATA[<p>AngelList is a great alternative but most all the offerings you need to be an accredited investor to participate. Fundrise just created a venture fund with the minimum $10 characteristics you mention. Republic also created the Note fund for diversification at low entry. We list a few here: <a href="https://www.fundwisdom.com/investors/funds" rel="nofollow ugc">https://www.fundwisdom.com/investors/funds</a> and let you filter if you are not accredited.</p>
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