Hidrent offering is now closed and is no longer accepting investments.
INVEST IN HIDRENT TODAY!
Off Duty. On Demand.
$143,080.02 Raised
Reasons to Invest
- Our mission is to become the most trusted source available for gig labor that simultaneously improves the financial well-being of our neighborhood firefighters.
- The US on-demand home services sector currently stands at $600 billion. It has shown a steadfast growth during the pandemic, however it is extremely fragmented. Our largest competitor generated $1.62 billion in revenue last year, representing only 0.27% of the total addressable market.
- A successful appearance on Shark Tank catapulted our company from regional to national overnight. The exposure was priceless and solidified our brand and service as safe, trustworthy, and reliable for all US homeowners.
Overview
Home service heroes
Firefighters are uniquely qualified to continue serving their community during their time off. Most firefighters work 24 hours on duty, followed by 48 hours off duty.
Hiring an off-duty firefighter will help to supplement their income and leverage their skills and expertise while homeowners get the help they need from someone they can trust to get the job done right.
Everyone has a to-do list at home. Now, you can hire a local trustworthy firefighter for your next home project. Off-duty firefighters will respond quickly to your request, and get the job done right. Furniture moving, gutter cleaning, hauling, hanging, and more – consider it done when you hire a trusted firefighter in your community.
Firefighters undergo a rigorous background check, so you know you’re hiring a safe, reliable, and trustworthy person to get the job done right. Enjoy the peace of mind of hiring a trusted professional to do quality work, on time, at a fair price.
The Problem
We are trying to bring trust back to our communities
We are looking to make “getting help while giving back possible”.
Unlike other home service marketplaces, Hidrent exclusively uses off duty firefighters who are dedicated to serving their communities to perform various household tasks.
Firefighters undergo substantial background checks as part of their screening at the station where they work--much more extensive than a simple online screen that you will get elsewhere.
As such, we do not need to do background checks on our firefighters. We do, however, perform employment checks to ensure only verified firefighters enter the Hidrent network.
The Solution
Hire a firefighter for your next home project
Hidrent is the only on-demand home service company partnered with the IAFF-FC that is dedicated exclusively to helping firefighters supplement their incomes during their off-duty days.
We connect firefighters with homeowners and local businesses in need of “handyman-type” help that firefighters can complete in between shifts.
With expertise and experience in a variety of disciplines, firefighters are looking for small projects to leverage their skillset during their time off.
Here’s a look at our extensive services:
We are a part of a large, growing, and fragmented industry. We have a business model similar to other labor/contractor service platforms, but what makes us unique is our labor supply consists exclusively of off-duty firefighters. Did we mention there are no bid fees either? This means that firefighters never have to pay to use our service, unless they get paid nor do they have to compete against other firefighters on pricing.
the market
Home service and home health are growing rapidly
The US on-demand home services sector currently stands at $600 billion. It has shown a steadfast growth during the pandemic, but it is extremely fragmented. Our largest competitor generated $1.62 billion in revenue last year, representing only 0.27% of the total addressable market.
Not to mention, people are aging in place longer, meaning senior citizens are most likely to use our services. We know this because the two largest population cohorts, Boomers and Millennials, are currently entering stages of life focused on home buying and on aging in place, respectively.
Our traction
Climbing the ladder
Here is a look at some highlights leading to our growth:
Appearance on Shark Tank:
The successful appearance on Shark Tank catapulted our company from regional to national overnight. The exposure was priceless, and solidified our brand and service as safe, trustworthy and reliable for all US homeowners.
Partnered with the IAFF-FC:
In most two-sided marketplaces the supply side is the most difficult to fill and manage. The partnership with the IAFF-FC has essentially given us the opportunity to reach 325,000 firefighters with no acquisition costs. Equally important is the opportunity for us to now seamlessly donate a small percentage of our revenue to firefighter charitable foundations managed by the IAFF.
Launched new mobile app:
Our new mobile app will give our customers the ability to transact with Hidrent and communicate with firefighters at home, or on the go. Owning real estate on mobile devices also gives us better ways to communicate and retain customers who use our service.
All this and more has been helping our company climb the ladder towards market disruption, and thus, profit.
B2B Growth has exploded:
In addition to helping homeowners with small projects around the house, our firefighters also partner with businesses nationwide who need help fulfilling their labor demands as well.
Hidrent has partnered with businesses to assist with: construction, restoration, home health, non emergency medical transportation, moving and more.
Why invest
Trustworthy, safe, helpful--a win-win for all
Our mission is to become the most trusted source available for gig labor that simultaneously improves the financial well-being of neighborhood firefighters. Our goal is to be a household name, and the first place people go when they need help with a small project around the house.
Every firefighter should have the ability to perform at least one project a month through our platform to help supplement their income by an average of $250/job.
There are over 1.2 million firefighters in the US today. Given this and our proven business model with a unique, trustworthy labor supply we believe we have what it takes to disrupt the home services market.
*The above testimonials may not be representative of the experience of other customers and is not a guarantee of future performance or success.
ABOUT
HEADQUARTERS
961 Waterview Drive
Prosper, TX 75078
WEBSITE
View Site
Hidrent is the only on-demand home service company partnered with the IAFF-FC that is dedicated exclusively to helping firefighters supplement their incomes during their off-duty days. We connect firefighters with homeowners and local businesses in need of “handyman-type” help that firefighters can complete in between shifts. We are a part of a large, growing, and fragmented industry. We have a business model similar to other gig labor platforms, but what makes us unique is our labor supply consists exclusively of off-duty firefighters, complete with extensive background checks through their primary careers.
TEAM
Dave Heimbuch
Founder, CEO, President, Secretary, and Treasurer
His responsibilities at Hidrent include overall business strategy and direction.
Kurt Becker
Board Member & Investor
Kurt Becker is the Chief Operating Officer for the International Association of Fire Fighters Financial Corporation. Prior to leading the Financial Corporation, Kurt was a Paramedic for 26 years, and a Fire Fighter for 22 years, serving on a busy urban ladder company in the metropolitan St. Louis, Missouri region.
He also served as a District Vice President for IAFF Local 2665 for 17 years and was recently honored as an Emeritus member of their Executive Board. Kurt also served as the President of the St. Louis County Fire Academy Board of Directors for ten years, and from 2008 to 2020 Kurt served as an IAFF State Staff Representative and 2nd District Field Service Representative, as well as represented the 2nd District on the IAFF’s standing Committee on Occupational Safety and Health.
Kurt earned a bachelor’s degree and MBA in Management from Webster University. He and his wife Tiffany have been married for nearly 30 years, and have two children who have completed college and are establishing their adult lives in St. Louis.
Daniel Huvane
Director of Communications
An experienced communicator and leader, Dan is responsible for public outreach, marketing initiatives, and customer support, among other duties, on a full time basis. He initially worked jobs as an early Hidrent Pro himself before taking up a larger role with us, a side gig that led to consistent work as an independent contractor and handyman.
Dan is a red card carrying wildland firefighter and a former seasonal employee with the US Forest Service, and has led numerous disaster response operations using the ICS model in Texas, Puerto Rico, and the Bahamas.
He has served with distinction as a Marine Corps officer since 1996, and has held some of the most senior communication and public affairs positions in the service. Dan previously directed communication for Team Rubicon Global and a handful of other organizations, and comes from a firefighter family himself.
Dmitri Love
Head of Product
Dmitri Love’s story started nearly 7 years ago when he was studying biochemistry at the University of Arkansas. After a serious knee injury (he was an avid soccer player) sidelined him for a long recovery, Love taught himself to code and became a software engineer.
Dmitri supports Hidrent with all product related developments and advancements. He is also another Shark Tank alum.
Matty Mullen
Brand Ambassador
Matty is a 21 year Los Angeles City Firefighter who handles any firefighter related questions from our incredible crew of over 5,000 Hidrent Pros.
Matty has the knowledge and wisdom to solve any issue in a timely and effective manner. He is also still an active firefighter and has his finger on the pulse with all Hidrent Pro questions or concerns.
Salma Hatim
Fractional CFO
Salma is a CPA and entrepreneur who is passionate about accounting, finance and business. In her career, she has served businesses from all over the world and with different accounting guidance, ensuring they are compliant, performant and continuously growing. She has worked with businesses of all shapes, models, industries - from start-ups to billion-dollar companies. Salma participated in two IPOs and has been involved in multiple advisory projects including research of complex accounting treatments. Salma allocates 5-10 hours/week helping Hidrent manage their finances.
Kapil Khanna
Fractional CTO
Kapil is an IT leader with 15+ years of experience in enterprise architecture, integration and systems design. He's an entrepreneur at heart who is comfortable diving into technical details with a focus on strategic outcomes. His current focus is Cloud Computing and I.T. transformation.
Kapil has worked with several Fortune 500 & startups in the hospitality, oil and gas, social media monitoring, payment card, publishing, telecom, mobile gaming & consumer Internet space. He currently allocates up to 5 hours per week on helping Hidrent navigate the technical landscape.
His knowledge of the technology landscape is exceptional and he is able to execute on a business vision. As a serial entrepreneur, Kapil understands and appreciates the various facets of a business. He's an advocate of the agile methodology for systems development.
Agustin Giacchello
Lead Developer
Agustin is a software engineer based in Uruguay (South America). From the beginning, his mission has been to empower the work of other companies by creating high-quality technology services that grow their businesses. He'se been able to not just deliver beautiful projects, but has also joined Hidrent's team to help drive our vision.
Jennifer Hyla
Search Engine Optimization
Jennifer is an end to end digital marketing expert focused on the strategy and execution of Technical SEO, Content Marketing and User Experience across paid, owned and earned media.
She's also an accomplished Product Marketing specialist who has been tasked with building and selling new service offerings around SEO and Content. Proven successes in building out a product and service to support and grow existing and new client programs.
Megan Ellis
Customer Support
In addition to being a grade school teacher, Megan helps Hidrent with customer support and operations. She is passinoate about helping people solve problems. Megan is a bright light that handles inbound and outbound customer support at Hidrent with confidence and a smile.
Kyle Dyer
Designer
Kyle believes in design, it's power to communicate, and its ability to create inspiring & memorable experiences.
Communication is key to the success of our business and Kyle helps Hidrent identify our audience, tell them our story, and inspire people to action.
TERMS
Hidrent
Overview
PRICE PER SHARE
$0.57
DEADLINE
Oct 20, 2022
VALUATION
$8.5M
AMOUNT RAISED
$143,080.02
Breakdown
MIN INVESTMENT
$228
MAX INVESTMENT
$534,999.72
MIN NUMBER OF SHARES OFFERED
17,543
OFFERING TYPE
Equity
ASSET TYPE
PREFERRED
SHARES OFFERED
Series Seed-1 Stock
MAX NUMBER OF SHARES OFFERED
938,596
Maximum Number of Shares Offered subject to adjustment for bonus shares
Company | : | Hidrent Inc. |
Corporate Address | : | 961 Waterview Drive, Prosper, TX 75078 |
Offering Minimum | : | $9,999.51 |
Offering Maximum | : | $534,999.72 |
Minimum Investment Amount(per investor) | : | $228.00 |
Terms
Offering Type | : | Equity |
Security Name | : | Series Seed-1 Stock |
Minimum Number of Shares Offered | : | 17,543 |
Maximum Number of Shares Offered | : | 938,596 |
Price per Share | : | $0.57 |
Pre-Money Valuation | : | $8,500,000.00 |
*Maximum Number of Shares Offered subject to adjustment for bonus shares. See Bonus info below.
Time-Based:
Friends and Family Early Birds
Invest within the first week and receive 20% bonus shares
Super Early Bird Bonus
Invest within the first two weeks and receive 15% bonus shares
Early Bird Bonus
Invest within the first four weeks and receive an 10% bonus shares
Volume Based:
$500+ | 1st Perk
Invest $500+ and receive 3% Bonus Shares.
$2,500+ | 2nd Perk
Invest $2,500+ and receive 5% Bonus Shares.
$5,000+ | 3rd Perk
Invest $5,000+ and receive 10% Bonus Shares.
$10,000+ | 4th Perk
Invest $10,000+ and receive 15% Bonus Shares.
$25,000+ | 5th Perk
Invest $25,000+ and receive 20% Bonus Shares.
*All perks occur when the offering is completed.
The 10% StartEngine Owners' Bonus
Hidrent will offer 10% additional bonus shares for all investments that are committed by investors that are eligible for the StartEngine Crowdfunding Inc. OWNer's bonus.
This means eligible StartEngine shareholders will receive a 10% bonus for any shares they purchase in this offering. For example, if you buy 100 shares of Series Seed-1 Stock at $0.57 / share, you will receive 110 Series Seed-1 shares, meaning you'll own 110 shares for $57. Fractional shares will not be distributed and share bonuses will be determined by rounding down to the nearest whole share.
This 10% Bonus is only valid during the investors eligibility period. Investors eligible for this bonus will also have priority if they are on a waitlist to invest and the company surpasses its maximum funding goal. They will have the first opportunity to invest should room in the offering become available if prior investments are canceled or fail.
Investors will receive the highest single bonus they are eligible for among the bonuses based on the amount invested and time of offering elapsed (if any). Eligible investors will also receive the Owner’s Bonus in addition to the aforementioned bonus.
Irregular Use of Proceeds
The Company will not incur any irregular use of proceeds.
PRESS
ALL UPDATES
10.20.22
Time is Running Out! Here Are Compelling Reason to Invest...
As we reach our campaign's final hours, we want to share some compelling reasons to invest with those following us!
Hidrent is the market leader in on-demand home services! Our comparative advantage? We solely employ off-duty firefighters — dependable community pillars – to handle various household activities, from assisting seniors to assisting first-time homebuyers.
Hidrent's partnership with the IAFF-FC (International Association of FireFighters) enables us to contact over 325,000 of their members. Our firemen have already completed over 4,000 jobs across the country, producing over $1 million in cash!
We have a big and expanding network of community heroes, and we are ready, willing, and able to offer households and businesses all the assistance they require to complete their to-do lists!
As a token of our appreciation, Hidrent distributes a portion of revenue to IAFF-FC-managed firefighter charitable foundations.
In addition to assisting homeowners with little repairs around the house, our firemen also collaborate with businesses around the nation to meet their labor needs.
Hidrent has worked with businesses to assist with building, restoration, home health, non-emergency medical transportation, and more.
Time is running out, you only have a few hours to invest! Do not let this exceptional opportunity pass you by!
Warmly,
Dave Heimbuch
CEO
10.18.22
Sound the alarm! Only 1 Day Left!
Hidrent’s mission is coming to fruition. We’re gaining nationwide exposure as the most trusted source available for on-demand home services - a $600B market! Our app is the only platform in the gig industry partnered with the IAFF Financial Corporation (IAFF-FC) - giving us easy access to their 325,000+ members.
Our mission is to become the most reliable source for freelance labor while simultaneously enhancing the financial well-being of local firefighters.
There are currently over 1,200,000 firefighters in the United States. Given this and the fact that we have a proven business model and a unique, reliable labor supply, we believe we have what it takes to disrupt the home services market.
Time is almost up for our crowdfunding campaign on StartEngine. There is only 1 day left to become an early shareholder.
Did you know we have perks for investors? Some of which include…
$500+ Investment: 3% bonus shares
$2,500+ Investment: 5% bonus shares
$5,000+ Investment: 10% bonus shares
$10,000+ Investment: 15% bonus shares
$25,000+ Investment: 20% bonus shares
Learn more about early investment opportunities by visiting our raise page on StartEngine. Don’t forget to check out our perks for early investors and please share with your friends, family, and network!
Warmly,
Dave Heimbuch
CEO
10.17.22
Hidrent is on the rise…
Hidrent is disrupting the on-demand home service market! We’re giving you an opportunity to invest in the only gig platform dedicated exclusively to providing skilled firefighters to hire for tasks - helping members of their communities by hiring heroes.
The US on-demand home services sector currently stands at $600 billion.
When you hire a firefighter for skilled work, you're not just getting someone who can help you out of a jam: You're hiring someone who has spent an entire career preparing to handle dangerous, life-threatening situations.
Because firefighters are so highly trained, they're equipped to handle everything from maintenance to repair, and everything in-between.
They're also well versed in safety, which is essential when it comes to keeping your home safe from the spread of fire. We've partnered with the International Association of Fire Fighters (IAFF), the largest professional firefighting organization in the US, whose members stand firmly behind our services.
Nothing encourages us more than knowing that we're providing an app to connect our clients to the hireable heroes who stand ready to complete any task.
Now is your opportunity to invest in a company bigger than just home services.
Don’t forget to check out our perks for volume investors and please share with your friends, family, and network!
Warmly,
Dave Heimbuch
CEO
10.12.22
Sound the alarm! Only 1 Week Left!
Hidrent’s mission is coming to fruition. We’re gaining nationwide exposure as the most trusted source available for on-demand home services - a $600B market! Our app is the only platform in the gig industry partnered with the IAFF Financial Corporation (IAFF-FC) - giving us easy access to their 325,000+ members.
Where other platforms struggle to meet the supply demands of their clients, Hidrent has an abundance of skilled firefighters putting safety first while completing each job professionally. Hidrent extinguishes the competition…. as well as to-do lists!
Time is almost up for our crowdfunding campaign on StartEngine. There is only 1 week left to become an early shareholder.
Did you know we have perks for investors? Some of these include…
$500+ Investment: 3% bonus shares
$2,500+ Investment: 5% bonus shares
$5,000+ Investment: 10% bonus shares
$10,000+ Investment: 15% bonus shares
$25,000+ Investment: 20% bonus shares
Don’t forget to check out our perks for early investors, and please share with your friends, family, and network!
Warmly,
Dave Heimbuch
CEO
10.11.22
Campaign Overview Webinar! Three Day Until Showtime!
Our objective is to become the most reliable source of freelance labor while simultaneously enhancing the financial well-being of local firefighters. The on-demand home services market in the United States is currently worth $600 billion.
As we approach the final stages of our Equity Crowdfunding campaign, we want to allow all our prospective investors to get those questions answered!
Join CEO Dave Heimbuch on October 14th, 2022, for an exclusive campaign overview webinar in three days!
You don’t want to miss this final opportunity to ask all of your questions. You can register here!
Learn more about investment opportunities by visiting our raise page on StartEngine. Please extend this invitation to your friends, family, and network!
Warmly,
Dave Heimbuch
CEO
Hidrent
10.10.22
Don’t miss out! Register today!
When it comes to off-duty income, Hidrent is the only on-demand home service company partnered with the IAFF-FC that is solely focused on supporting firefighters.
There are currently over 1,200,000 firefighters in the United States. We believe we have what it takes to disrupt the home services market, given this and the fact that we have a proven business model and a unique, reliable labor supply.
As we approach the final stages of our Equity Crowdfunding campaign, we want to allow all our prospective investors to get those questions answered!
In one week, join CEO Dave Heimbuch on October 14th, 2022, for an exclusive campaign overview webinar!
You don’t want to miss this final opportunity to ask all of your questions. You can register here!
Learn more about investment opportunities by visiting our raise page on StartEngine. Please extend this invitation to your friends, family, and network!
Warmly,
Dave Heimbuch
CEO
10.05.22
Off Duty & Soon to be Off StartEngine… yet increasingly on demand!
Do you want to invest in the only on-demand home service platform partnered with the IAFF Financial Corporation (IAFF-FC)? Do you want to be part of a unique investment opportunity that extinguishes the competition?
Hidrent’s firefighters may be off duty, but they’re still in high demand. Our equity crowdfunding campaign will be ending in 2 weeks, but our services are still gaining traction nationwide!
The US on-demand home services sector currently stands at an impressive $600 billion market and continues growing an average of 49% annually. A percentage as small as .27% equals a staggering $1.62B in revenue. Hidrent leads the way as a reliable platform with our unique competitive advantage - our labor force is exclusively off-duty firefighters.
Don’t forget to check out our perks for investors, and please share with your friends, family, and network!
Warmly,
Dave Heimbuch
10.05.22
Hidrent: Campaign Overview Webinar!
When it comes to off-duty income, Hidrent is the only on-demand home service company partnered with the IAFF-FC that is solely focused on supporting firefighters.
We link firefighters up with homeowners and businesses in the area that could use "handyman-type" assistance during off-hours.
As we approach the final stages of our Equity Crowdfunding campaign, we want to allow all our prospective investors to get those questions answered!
In less than two weeks, join CEO Dave Heimbuch on October 14th, 2022, for an exclusive campaign overview webinar!
You don’t want to miss this final opportunity to ask all of your questions. You can register here!
Learn more about investment opportunities by visiting our raise page on StartEngine. Please extend this invitation to your friends, family, and network!
Warmly,
Dave Heimbuch
CEO
10.04.22
In case you missed it….
Recently, CEO & Founder Dave Heimbuch hosted an exclusive Q&A webinar. He also provided an in depth look into what makes Hidrent a leading competitor in the on-demand in home service industry.
In case you missed it, you can view a recording of the full webinar here. Continue reading to check out some key takeaways from Dave’s presentation.
Hidrent solves the problem of trust in the on-demand home service industry. “If you can’t trust your local firefighter to give you a fair estimate on home projects, then I don’t know who you can trust,” Dave emphasizes. A successful appearance on Shark Tank gave us nationwide credibility and solidified our services as safe, trustworthy, and reliable for US communities.
Since every firefighter goes through extensive background checks from their primary careers, there’s no need for additional vetting. This is one of the many reasons Hidrent is a great investment opportunity - we’re able to compile a vast source of reliable, skilled labor.
The US on-demand home services sector currently stands at $600 billion, and our network is growing fast. Hidrent is partnered with the IAFF-FC (International Association of FireFighters), which gives us the opportunity to reach their 328,000+ members.
Our firefighters have already completed over 4,000 jobs across the nation, generating over $1M in early revenue! In return, Hidrent donates a percentage of their revenue to their charitable foundation. Our partnership has helped grow our labor force from 1,500 firefighters to 6,500 in a short amount of time.
We’ve also partnered with a number of businesses, giving us access to thousands of their customers – with no acquisition costs. Some of the industries we work with include solar, moving, and home health, as well as medical transportation.
Would you like to know more? Check out the recording of our latest webinar to learn more early investment opportunities.
We invite you to share this blog with your friends, family, and network so they, too, can help heroes help their communities.
Warmly,
Dave Heimbuch
CEO
09.28.22
Hidrent Fireside Chat is Only 1 Day Away!
Hidrent is the only on-demand home service platform that exclusively hires firefighters. Curious about what Hidrent has to offer our shareholders?
We’re hosting an exclusive live webinar tomorrow! Join me on Thursday, September 29th at 1:00 PM PST for a fireside chat with our featured guest and angel investor Scott Kalniz.
We make getting help while giving back possible. The US on-demand home services sector currently stands at $600B and continues to grow an average of 49% annually.
Hidrent leverages reliability from a skilled labor force in order to extinguish our competition. We are the only on-demand home service platform partnered with the IAFF-FC, giving us access to their 325,000+ firefighters with no acquisition costs!
Hope to see you at our exclusive fireside chat! You can register for the virtual event here. Please extend this invitation to your friends, family, and network!
Warmly,
Dave Heimbuch
CEO
Stack Owner's Bonus & Rewards!
Members get an extra 10% shares in addition to rewards below!
REWARDS
$228
StartEngine Owner’s Bonus
This offering is eligible for the StartEngine Owner’s 10% Bonus program. For details on this program, please see the Offering Summary section below.
$500
1st Perk
Invest $500+ and receive 3% Bonus Shares.
$2,500
2nd Perk
Invest $2,500+ and receive 5% Bonus Shares.
$5,000
3rd Perk
Invest $5,000+ and receive 10% Bonus Shares.
$10,000
4th Perk
Invest $10,000+ and receive 15% Bonus Shares.
$25,000
5th Perk
Invest $25,000+ and receive 20% Bonus Shares.
JOIN THE DISCUSSION
0/2500
HOW INVESTING WORKS
Cancel anytime before 48 hours before a rolling close or the offering end date.
WHY STARTENGINE?
REWARDS
We want you to succeed and get the most out of your money by offering rewards and memberships!
SECURE
Your info is your info. We take pride in keeping it that way!
DIVERSE INVESTMENTS
Invest in over 200 start-ups and collectibles!
With Regulation A+, 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. There are no restrictions for accredited investors.
With Regulation Crowdfunding, non-accredited investors with an annual income or net worth less than $124,000, are limited to invest a maximum of 5% of the greater of those two amounts. For those with an annual income and net worth greater than $124,000, he/she is limited to investing 10% of the greater of the two amounts.
At the close of an offering, all investors whose funds have “cleared” by this time will be included in the disbursement. At this time, each investor will receive an email from StartEngine with their Countersigned Subscription Agreement, which will serve as their proof of purchase moving forward.
Please keep in mind that a company can conduct a series of “closes” or withdrawals of funds throughout the duration of the campaign. If you are included in that withdrawal period, you will be emailed your countersigned subscription agreement and proof of purchase immediately following that withdrawal.
StartEngine assists companies in raising capital, and once the offering is closed, we are no longer involved with whether the company chooses to list shares on a secondary market, or what occurs thereafter. Therefore, StartEngine has no control or insight into your investment after the close of the live offering. In addition, we are not permitted to provide financial advice. You may want to contact a financial professional to discuss possible investment outcomes.
For Regulation Crowdfunding, investors are able to cancel their investment at any point throughout the campaign up until 48 hours before the closing of the offering. Note: If the company does a rolling close, they will post an update to their current investors, giving them the opportunity to cancel during this timeframe. If you do not cancel within this 5-day timeframe, your funds will be invested in the company, and you will no longer be able to cancel the investment. If your funds show as ‘Invested’ on your account dashboard, your investment can no longer be canceled.
For Regulation A+, StartEngine allows for a four-hour cancelation period. Once the four-hour window has passed, it is up to each company to set their own cancelation policy. You may find the company’s cancelation policy in the company’s offering circular.
Once your investment is canceled, there is a 10-day clearing period (from the date your investment was submitted). After your funds have cleared the bank, you will receive your refund within 10 business days.
Refunds that are made through ACH payments can take up to 10 business days to clear. Unfortunately, we are at the mercy of the bank, but we will do everything we can to get you your refund as soon as possible. However, every investment needs to go through the clearing process in order to get sent back to the account associated with the investment.
Both Title III (Regulation Crowdfunding) and Title IV (Reg A+) help entrepreneurs crowdfund capital investments from unaccredited and accredited investors. The differences between these regulations are related to the investor limitations, the differing amounts of money companies are permitted to raise, and differing disclosure and filing requirements. To learn more about Regulation Crowdfunding, click here, and for Regulation A+, click here.
