It’s hard to believe that 2019 is almost halfway over. It’s been an incredible year for us and we’ve been able to connect with and help so many entrepreneurs utilize and harness the power of crowdfunding and make their dreams become realities.
In this post, we’ll be showcasing some of the wins as well as the challenges we’ve experienced this year as a growing company.
We’ve been successful attracting amazing partners, talented and committed team members, and savvy backers to support the crowdfunding campaigns we’ve helped our clients launch on a variety of the most popular crowdfunding platforms.
As with all growing businesses, we’ve definitely experienced some challenges along the way as well so that’s why this post as been titled appropriately: “InventureX: The Good, The Bad, And The Ugly“, where we get to share it all – uncensored!
Partnering with Kevin Harington (original Shark from the TV show Shark Tank) was definitely a highlight of 2019 for us as we’ve learned so much from his experience helping aspiring entrepreneurs and business owners, which has allowed us to better serve our clients at InventureX.
Only a few months prior to working with Kevin Harington when Kevin O’Leary (Mr. Wonderful from Shark Tank) shared his thoughts about our work at InventureX and congratulated our VP of marketing Mark Campbell on his success with InventureX helping over 50 entrepreneurs crowdfund their products and ideas in 2018.
One of the biggest accomplishments was seeing StudioX grow where we’ve been able to make client campaigns come to life through the use of video and our creative team bringing the marketing for crowdfunding campaigns to the next level. Check out the official press release announcing the launch of StudioX to learn more.
Bad comments about InventureX often center around our idea review process. It is widely known that InventureX is very selective when choosing which ideas to partner with. For example, in May alone InventureX received hundreds of new applications and idea submissions from entrepreneurs and inventors from around the world.
Out of those hundreds of applications InventureX only made deals to partner with about a dozen. That’s less than 5%!
With a 95% rejection process it is understandable that you will make some people unhappy. We’ve seen a few comments online saying we unfairly turned them away.
Here’s just a few bad comments we have seen:
“InventureX reviews a lot of ideas so it really feels like you’re on Shark Tank sometimes. Don’t apply with them unless you’re ready to crowdfund or else you may not get chosen and could miss out.”
“…instead of the inventurex specialists answering my questions, they asked me a load of questions instead! They wanted to know everything about my product (which i was not comfortable sharing) and about how much i invested in it and my reasons for crowdfunding and how much i was willing to spend.”
“GLAD IT WORKING FOR SOME PEOPLE BUT DIDNT WORK FOR ME… MY IDEA CAN RAISE MILLIONS MAYBE MORE… BUT I GUESS INVENTURE X DIDNT SEE THE POTENTIAL… OH WELL I WILL FIND SOMEONE WHO GETS IT AND IS WILLING TO INVEST.. YOUR LOSS X!!”
When discussing the good, the bad, and the ugly we feel that it’s important to include actual negative reviews from past clients. Below are some real complaints we have seen posted online via blogs and other review websites.
Some of these reviews have since been removed or are no longer available online. However, we wanted to repost some of them our own blog to discuss them more and show our potential clients the good, the bad, and the “ugly”.
Below you can read real negative reviews from our past clients:
Complaint #1 – Clients want to work with us in person rather than over the phone or computer.
Complaint #2 – Communication Issues With InventureX.
Complaint #3 – Missed Deadlines.
Crowdfunding is just like launching any new venture – it’s a risky undertaking and there are no guarantees. Therefore it is very hard to please all people, all the time. We hope that these real complaints from past clients give our potential clients a better idea of the positive and negative viewpoints from past customers.
We feel it’s important to see both viewpoints and to make up your own conclusions when choosing the right crowdfunding company to work with.