StartEngine.com Reviews

StartEngine.com
Based on 2  Reviews



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About StartEngine.com

StartEngine.com is a new website and company which says that they have worked hard to create a system of investing in startup companies that is available to everyone, not just wealthy investors.  

How Does It Work?

According to their website, StartEngine was created in order to assist companies in raising capital and to provide non-traditional investors the opportunity to make money off these opportunities. 

StartEngine.com allows investors to buy equity in companies that are raising up to $50M. Each investment opportunity is different and will have different requirements and options. For example, some shares will be able to be sold immediately while others will require waiting for at least a year.

Interested investors can simply go to their website and look through the current opportunities that are being hosted on StartEngine.com in order to find the best opportunity for their investment needs. Investors can also sign up on their website in order to be the first to hear about brand new investment opportunities when they are launched.

It is important that customers understand that this company does not provide investment advice, and because of their role in helping startup opportunities find investors, they are actually legally prohibited from providing financial advice to their individual investors. Potential advisors are advised to consult legal, tax, and financial investors before choosing an investment opportunity.  

Cost/Price Plans

StartEngine.com has two different investment options, one for accredited investors and one for non-accredited investors. An accredited investor is defined as a person who has a net worth of at least $1 million or earns at least $200,000 in income each year - $300,000 if combined with a spouse. Non-accredited investors include everyone else.

Regulation A+ requires that a non-accredited investor can only invest a maximum of 10% of their annual income or 10% of their net worth per year, whichever is greater. Accredited investors will have no restrictions. 

With Regulation Crowdfunding, non-accredited investors with an annual income or net worth less than $107,000 are limited to invest a maximum of 5%. Those with an annual income or net worth greater than $107,000 are limited to investing 10% of the lesser of the two amounts.

Refund Policy

There are no standard refunds or guarantees when investing in a startup opportunity; any customer who is looking to invest their money into an opportunity must be aware that there is an option to lose their investment. 

That being said, StartEngine.com does provide their customers with one option to get their initial investment returned to them, and that is when a company fails to meet their minimum funding goal. If this happens, all funds will be returned to the investors within 10 business days after the closing of their offering. 

Customer Service Contact Info

Customers who would like to speak to their Customer Service team about their questions, concerns, or complaints can do so by email at [email protected] or by using the website’s Live Chat feature when it is available.  

Reputation

StartEngine.com seems to get positive reviews at this time from independent financial and investment websites, but there are essentially no reviews available from individual investors at this time, making it difficult for customers to know whether or not this is the right investment opportunity for their personal needs. 

As mentioned above, this company is not legally able to provide their customers with financial advice, so concerned customers may want to speak to a financial advisor before they choose to work with this company directly.  

Competitors and Alternatives?

Websites that offer people an opportunity to help out startup businesses for affordable investments are actually becoming very popular, including companies like FundersClub, Wefunder, and Kickstarter.     

If you have experience with this company or their products, please leave your StartEngine.com reviews below.

2 ‘StartEngine.com’ Reviews
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RUN! Do not invest



October23, 2018

company will sell you anything. However when you try to sell your stock, its one excuse after the other. Better to actually burn your money

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Start Engine/ Med-X



September10, 2018

I have 3 investments with Start Engine. When you invest, there is a warning that you have 24 hours to cancel. I invested with Med-X on June 30. Art, with Med-X, contacted me on July 30 to possibly invest again. I did and canceled 5 hours later. The next day, Art called again asking if I was having any problems with transaction. I told him that I cancelled.

Apparently, Art disregarded the cancellation and billed me another $500. After several unreturned calls, I am starting on the complaint trail.

Buyer Beware:Med-X totally unethical!

Rick Thur

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