Yoda
* Customer communication and easy of…
* Customer communication and ease of company contact: 1. The phone number listed on EquityZen's website is never personally answered. A caller will always only be able to leave a voicemail, which is NEVER responded to. 2. Using the Intercom-powered AI chatbot, the user sees a message stating, "Ask for the team if needed". I typed "team" and before entering my question, the chat window showed "You’ll get replies here and in your email: ✉️ xxxxx Our usual reply time 🕒 2 days". In other words, EquityZen is a bit dodgy with which to entrust your money. * Clarity of Express Deal investments: When I made an investment via an Express Deal, I did not see anything that stated that in order to be able to sell my investment, it would need to be at least 2% of the fund value. Later, after trying to initiate an "exit" through the EquityZen website, I discovered this. Now, there is no way for me to buy enough to reach that 2% level after my initial investment. It's not clear from anything on their website that I could buy to 2% even if I had the money. So, there is no apparent future date when I will ever be able to get my money back, unless the company invested in has an IPO.
Response from EquityZenApr 17, 2024
Yoda, Thank you for taking the time to leave a review. We're always looking to improve, so we appreciate feedback. We're sorry it seems like there were some gaps in your experience. We're a small team at EquityZen, but want to make sure users feel comfortable and confident utilizing the platform. Please feel free to contact [email protected] at any time for a prompt response. The 2% threshold for express deals is in place to protect all fund members from adverse tax consequences. You can read more about this on our Help Center: https://help.equityzen.com/en/articles/8233688-express-deals#h_5c18c5541d Given the relative illiquidity of investments available via the EquityZen platform, they are not suitable for all investor profiles.




