SeedInvest

SeedInvest has really demystified startup investing for me - their webinars and other content have been educational and the team is transparent about the risks of VC. It's easy to invest on the site, and when I did have some questions I was pleasantly surprised to reach a real person via their on-site chat window on the weekend.

It's comforting to know that someone has done the due dilligence on SeedInvest deals. I do have to spend a lot of time on the site sorting through profiles to find the few companies that are interesting to me, but then it's easy to ask the founders questions and potentially invest.

I DO NOT recommend this company. A month after signing up for an opportunity, I received an email that the investment was not funded in time and was canceled. There was NO communication from SeedInvest except for that email. When I inquired I was told there was an issue when they tried to fund the account from my linked source of funding. Feeling something was odd as my bank of 25 years would let me know if there was a "charge" issue, I called the bank. The only transaction from SeedInvest was a $0.25 hold authorization on my card and that it was authorized but never collected. There was no attempt to charge the funding amount at all by SeedInvest. When given that information SeedInvest then told me that there was an error (with no details on what that error was) and that the funding round was closed and there was nothing they could do. And then they pitched me other offers from their site. This is not an honest company. Please beware when dealing with them if you choose to do so and followup closely. I have used other crowdfunding sites and have not had this issue.

This is from their Terms and Conditions that they make you sign before using their service. I don't have to say anything more! "By providing content or Data on the Site, subject to the Privacy Policy, you grant us a royalty-free, non-exclusive, worldwide license, under your intellectual property rights, to copy, reformat, index, modify, display, distribute and put to commercial and other uses such content or Data. No compensation will be paid with respect to our use such content or Data. SeedInvest neither warrants nor represents that your use of materials displayed on the Site will not infringe rights of third parties not owned or affiliated with SeedInvest."

There is ZERO communication. They answer you when they are good and ready. If you are a startup and want to crowdfund but want your investors to lose faith in you, by all means, use them. I have had to call the actual company I am investing in to get clarity since no one at SeedInvest responds to emails. Their site has "oops!" errors and there is no resolve. It honestly begins to feel like the CSRs they have are bots and then eventually it feels llike youve been scammed by some "prince" in a far away land. The only number I was able to reach was some obscure google search I found and the person told me they have not worked for them in over 3 years...and she gets these calls all the time. Steer clear.

They encourage investors to buy into as many startup companies as possible for the best potential returns. I'm glad I didn't invest in more than one. I feel totally taken advantage of. I'm a music lover and decided to invest in the 8tracks platform in 2016. By December 2019, the company was in bankruptcy and now, April 2020, the law firm says equity holders will get nothing at all except a downloadable letter to show an accountant. The communication about what was going on at 8tracks those 4 years was scant and did not inform me of the seriousness of the financial problems. So 8tracks was not a sound business. Instead of properly vetting it, SeedInvest basically used a lot of small investors' money and let us find out the hard way. I'd assume SeedInvest seems attractive to many small investors like myself. At first it appeared to be high-tech, well-run, low-risk but exciting and inspiring. After all, these are small businesses and many of them have real emotional appeal. But the first problem came early on, and it was a big one: double charging investors' credit cards. While SeedInvest eventually rectified this, the 8tracks blog refers to it in a way that, at least partly, puts blame on SeedInvest for the financial failures of 8tracks. Next issue: SeedInvest and the broker, VStock Transfer, were terrible at answering questions about whether shares had been issued, where they were, and how to keep track of them. So I never could, and I don't know who could. In the digital era this is both unprofessional and absurd. Every aspect of my experience has been unpleasant, and I'm ultimately left with zero dollars from my initial investment. There is no one to take my side. This is about as bad as it gets, and I'd say: Walk away from SeedInvest's much-vaunted opportunities.

Can't put up enough caution signs about dealing with SeedInvest as an issuer. Massive turnover and personnel issues, many misrepresentations, ultimately a failed offering that was so costly as to nearly put us out of business. Impossible to reach senior management without threatening to call the SEC. If you want to place the fate of your startup with a bunch of inexperienced twenty somethings and a company with a culture of dishonesty, go for it. But I've cataloged all their offerings and most don't seem to make it, then immediately get completely scrubbed from any internet evidence. They have a very low success rate.

Aryeh F, is unprofessional. We have not heard from him for over a week about our legal documents and he failed to send us a courtesy email but left us in the dark with no feedback. We are shocked that a few team member told us that he has been in the office. What has he been doing for a week? Not working because our concerns would have been addressed right now. Mr.F needs to be fired! Worst work ethic and very unprofessional to deal with. This is our first time working with seedinvest and it will be our last.

I was impressed at first by the way they embraced technology to serve customers, but things changed when they gave me confirmation of a refund process. I provided everything they asked, received written confirmation. After many follow ups, i was told that it was a manual process since they are not used to handle refunds, so i waited. Followed up again since they were supposed to follow up, but heard nothing. Then i was ask AGAIN to provide more info. Totally unacceptable! Lucky for me the amount is small, but be careful when considering larger sums as you might have to experience what i've been through.

Invest in companies by little investors as myself and have a chance to grow my wealth to fund more companies. Thanks to the opportunity enacted in May 2016 that allows investing alongside Institutional investors.

They're a joke. They don't even review the applications, just look at the dollar signs...if I were them, but now that I've read a lot of other reviews, I'm glad they denied me with no explanation, saying they have a lotbof applications. Who's actually able to use their services? And don't even waste your time reading their story, probably all bs cuz doesn't seem like same people reviewing ANY applications. Don't waste your time, and especially dont waste your time writing them a letter, they don't care...why even have anyone read theirs?. Joke

Terrible customer service. After a few attempts to log in (I confused my email accounts), the company blocked access to my account. No big deal, it happens. However, what it is beyond normal is the fact that after a month and 30 email exchanges with Customer Service, the company is still not granting me access. Are they scamming customers? It certainly seems so.

Seedinvest feels more like a quick cash grab then a entry into early entry investing for the average retail investor. They do now have your best interest at heart, they do not make sure you don't get taken advantage of, they do no process documents in a timely manner (they will take your money very quickly) ... JUST STAY AWAY FROM SEEDINVEST. With Seedinvest, the earlier you invest and the longer you wait, the less your shares are worth.

Poor communication throughout the campaign, claims to capital upon signing up that we saw no evidence of throughout the campaign. Poor management of the campaign. If you're looking to raise capital through crowdfunding, look elsewhere. These guys won't be around much longer.

Quick process - professional service. Would definitely recommend. Ryan is really hands on and awesome.

Stay away! It has degraded in the last couple of years to the point where you cannot communicate and they are unreliable and opaque. STAY AWAY!!!

This company is cheat. They charge 3% convenience fees. Also you you try to withdraw your money. They hold your money. Do not invest here.

Terrible...Lost $10,000 with no response from them or the company I invested in...Leaf....They claim to make Grow Boxes but both companies are a scam

SeedInvest made claims to capital they ultimately didn't have access to and it cost our company the round.

They will make you waste your time. Amazingly unprofessional !!!