Karen
I invested in Armbrust
I invested in Armbrust. First 6 months or so regular monthly reports and then nothing. Armbrust says talk to Wefunder. Wefunder hasn't responded. Go with mutual funds and a trusted advisor. Wefunder is not for me.
Response from Wefunder, Inc.Dec 5, 2022
Hi Karen, Thanks for reaching out and reviewing us. I'm sorry you have had a one-star worthy experience on our platform. Returns on Wefunder investments tend to be longer-term, particularly with a convertible note or SAFE as you are waiting until the company goes public or is acquired. It may be quite some time until you see a return. Just to be clear, the reports you first got were from Armbrust. Founders are in charge of keeping their investors informed as the contract is between them and the investors and they are aware of what is happening with their own company. Please understand that Wefunder is a platform that is used by companies to conduct their offerings, which means we provide the technology to allow early stage private companies to raise funds from the crowd and we provide everyday investors the opportunity to be early investors in companies they are excited about. Once an offering is closed, Wefunder informs each company the importance of regular investor updates. However, in the end, Wefunder cannot control what a company decides to do after it closes its offering. I have reached out to the founders on your behalf asking for an update. When I receive an update, I'll make sure it is posted on the raise page in the updates section and that it notifies all investors. I hope that we will be able to get an update for you soon, but appreciate your patience as we try to connect with them. UPDATE: I have talked with the founder and they have said that they have removed the investments from Wefunder in May 2022. Therefore you should contact their company at [email protected]. Hope that helps! EDIT: Now that you have been taken care of and cleared up, would love for you edit your review if you see fit to better represent your experience. https://support.trustpilot.com/hc/en-us/articles/201839063-Edit-or-delete-your-review Merc Head of Investor Success Wefunder, Inc.




