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StartEngine

How would you rate StartEngine?
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Florida
1 review
1 helpful vote
Follow Julie a.
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Not only are they their own broker dealer but they are the FIRST in the industry to launch a secondary platform so that you CAN trade Regulation CF and Reg A+ shares! Right now, if you invest in startups on any other platform... you're locked in until either that private company exits either by a buyout or better yet it IPOs. At Startengine, you will be able to buy or sell your Reg CF and Reg A+ shares... THAT's AWESOME.
And they are also apparently going to start a real estate platform soon.
I've invested on Startengine and love the ease of it, I'm hooked.
I did notice that the negative reviews only reflect ignorance. They don't understand investing in startups under Regulation CF or Reg A+. They don't even understand basic startup business knowledge! You're not buying shares on Wall Street at a high price! And you're not going to get dividends from a startup that is not yet profitable, DUH! For the most part, you're buying equity into a PRIVATE company in hopes that they become profitable and give dividends or better yet they IPO... so your not paying Wall Street prices... you're not even paying IPO prices, you're paying PRE-IPO prices. It a game changer for the industry, because before this was only offered to venture capital, accredited investors or employees etc.

They also have the highest amount of Regulation A+ listings on the market, that tells you something. From both the business side and investor side, Startengine is the way to go.

Date of experience: September 12, 2020
New York
1 review
21 helpful votes
Follow Johhny R.
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Kiss ur money goodbye.
January 5, 2021

This company is a total scam, ponzi scheme. If you see Kevin o learys face anywhere, run. He got super wealthy by stealing companies from poor people trying to get help and succeed. Pure lowlife!

Date of experience: January 5, 2021
Idaho
1 review
0 helpful votes
Follow Jose M.
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OK so this site rocks, it's an amazing investment opportunity, I suggest you check out out today! Thanks fir reading my review.

Date of experience: November 22, 2022
Mississippi
1 review
10 helpful votes
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Could not get my owner's bonus purchase refunded. OK, but that means no more investment from me or my brother. Understand?

Date of experience: December 8, 2020
Nebraska
1 review
1 helpful vote
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This is all a scam!
December 11, 2022

This is all a scam! Oleary is nothing but a F********** curk! You don't get your money back. Stay away from this investment site or the one that mark from. Shark tabk promots.

Date of experience: December 11, 2022
Indiana
1 review
13 helpful votes
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Web site sucks
August 13, 2020

Can't sign in and not one person helps me take care of the problem, They think I can just sign in but I can't, I think someone would be able to do something, phone calls don't help

Date of experience: August 13, 2020
North Carolina
1 review
0 helpful votes
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Getting out
May 13, 2024

The lady that helped me was very good. I did not know that I could get out and close my accounts.

Date of experience: May 13, 2024
StartEngine T. StartEngine Rep
11 months ago

Hi Glenn! Thanks for leaving your feedback! We welcome and appreciate all feedback. Based on your review, it looks like our team was able to assist you and resolve your issue, yet you gave us 2 out of 5 stars. If there is anything we can do to make this experience 5-star worthy for you, please let us know. We are committed to providing the best service to all of our investors. Feel free to reach out directly to us at contact@startengine.com! Have a great day!

California
1 review
2 helpful votes
Follow A G.
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I have participated in several different crowdfunding platforms and it is SO refreshing to participate in one that is:
1) organized!
2) communicates a step-by-step investment timeline on your portfolio page so that you know at a glance where you are in the process with each campaign
3) has customer service that responds in a timely manner to email inquiries/requests.

Start Engine also tells you upfront *before* you invest if a campaign is already oversubscribed. There are some platforms that do not, but hold your money for MONTHS after a campaign has ended before telling you that you didn't make the round due to over-subscription, which is beyond unprofessional and unacceptable. But with SE, there were two startup companies I had changed my mind on after further due diligence and I was able to request a refund before the campaign closed and got my funds back quickly. THAT IS REALLY IMPORTANT!

The ceremonial "Ownership Certificate" that Start Engine sends the investor with a CEO signed agreement is a very nice touch as well.

I give StartEngine 5 stars! They are head and shoulders above the 3 other crowdfunding platforms I have invested with in the past.

Date of experience: June 2, 2021
New York
26 reviews
98 helpful votes
Follow CHRIS W.
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I questioned many of the companies on StartEngine about how much money investors might make by investing with them. Most of them said either they don't know because their company is " new ", or some companies stated that investors would get stocks in the company, approximately 2 to 6 shares. Since the average share in a new company is around $10.00 a share, that is far less then what the average investor is expected to invest. After questioning these companies, it becomes obvious to me that the only ones making any money here are the companies and NOT the investors.To me, this is a BUYER BEWARE investment. ANOTHER strange thing about the StartEngine website is the fact that I've sent at least THREE emails to MR. KEVIN O'LEARY " Mr. Wonderful " from Shark Tank, who is the new executive there, and so far I've received no reply to my questions about these companies he claims to represent. My questions were whether or not these companies are trustworthy or scams. However, since I've received NO reply from him or his office, I guess I already know the answer!

Date of experience: August 29, 2020
Oregon
1 review
1 helpful vote
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High-priced middleman
December 19, 2021

For starters, the numerous one-star reviews here don't really understand crowdfunded venture investing. Sure, companies fail -- usually about 90% of them, and you're not going to get your money back.

I'm an experienced angel/venture investor, usually investing $250k to $2m in various startups, and I've been doing this for nearly 30 years. I've had some hits, some misses, and some in-betweens. But that's not the point.

I wouldn't normally touch this kind of thing with a ten-foot pole, but a friend wanted some shares in an up-and-coming Seattle distillery, so I signed up. They had an option for investing as an "entity" (a business), and as I normally invest primarily through an LLC, I ticked that box. What a mistake. They wanted my Bylaws (uh, from 30 years ago, where are they?), several IRS forms, and other things, and they wanted them RIGHT AWAY. When I contacted them, they said they were just the middleman to a bank (who itself is a middleman).

Ultimately, the problem here is that the distillery in question is using this dubious form of (expensive) fundraising, when they should just go direct. StartEngine isn't *exactly* a scam, it's just unnecessary. If you're an inexperienced investor -- avoid it. If you're an experienced venture investor -- avoid it. Maybe there's some sweet spot in the middle that makes it worth it, but... I dunno.

Date of experience: December 19, 2021
StartEngine T. StartEngine Rep
over a year old

Hi Steven,

I apologize for the frustration you experienced submitting your documents. We are required to run AML (Anti-Money Laundering) checks to verify investor identities, and this requires documents proving your association to your LLC. For more questions about these requirement, we encourage you to check out our help center at help.startengine.com.

Overview

StartEngine has a rating of 2.7 stars from 182 reviews, indicating that most customers are generally dissatisfied with their purchases. Reviewers dissatisfied with StartEngine most frequently mention customer service, phone number and email address. StartEngine ranks 2nd among Crowd Funding sites.

service
79
value
74
shipping
12
returns
16
quality
69
This company responds to reviews on average within 1 day