REVIEW: Is InventureX a Scam?

Is InventureX a scam? So far, I have sent them $500. I got some educational materials, and learned a bit, but at the moment it looks more like a bait-and-switch scheme than an honest operation. And Google is running a ton of their ads at YouTube. (Update: A refund was at last issued. So I’m whole. But judging from the comments that have been coming in, many people have been hurt—badly.)

IMPORTANT:
It appears that InventureX may be doing business under several names. I would list them, but they can set up a new site in about a day! Read this review carefully, and then compare any new outfit you are considering to the points identified here. If there is a match for three or more of those points, be wary! (And note, too, that anyone who is advertising for your business is probably out to take your money. Good outfits are generally too busy turning away business to advertise!) 

Note: I do NOT send emails
One correspondent reports that another scam outfit sent an email “from my domain”, and offering their services. That email appeared to come from TreeLight.com (that’s what the text said), but instead it came from somewhere else entirely. (She hadn’t even left a comment. But she contacted everyone who had–at least one of which was the scam outfit, in disguise. So know this: I DON’T SEND AN EMAIL UNLESS I GET ONE. (My problem, at this point, is that these outfits have a full-time staff who are out to take your money, and neither the government nor service providers are doing diddly to stop it.)

WARNING:
If you make a comment that points to another company which has done “a really good job” for you, that’s great, but I’m going to need a link to the product, the company, and (ideally) the crowdfunding page that resulted. Such comments will be activated after I verify the reference. (Good references are welcome! But we need to weed out folks who seem intent on taking your money a second time. For the moment, as a result, new comments can no longer be added.)

GOOD NEWS:
So far, a couple of people have obtained refunds for non-delivery of promised services. They were obtained after adding comments to this article. InventureX then paid them after those comments were removed. (The tried to pay me to take down the page, as well. I refused, to keep from harming others.) However, I can’t promise I’ll have the bandwidth to keep up with remove-requests from everyone who deserves to get their money back!

QUESTION:
Does anyone have information about CrowdfundUR, Ideazon, or BeyondBuzz? At least one correspondent has reported that they look like the same operation. And according to another, at least one of them (Crowdfundur)  claimed that they helped my website with a social media campaign. (They haven’t, and I’ve never had one.) However, I do not want to allege that they are out-and-out frauds without substantial testimony to that effect. So please contact me with any information you have.

COMMENTS DISABLED FOR A WHILE (Dec 2019):
Comments were temporarily disabled, for the simple reason that people posing as victims appear to be working on behalf of similar operations (or the same one under a different name). I detail the email exchanges at the end of this post. In the meantime, know that if you contact me directly, I will need some way to verify that you are legitimate, or your message will go straight to the dust bin. (I will need a link to a product, or a company, or a crowdfunding page. Or something else that makes it clear that you are honestly trying to deliver something of value to customers.)

Background

When it comes to running a business, I admit that I am not the sharpest tool in the shed. I’m an idea guy, full of enthusiasm and optimism. Bright ideas, I’ve got. The knowledge of what to do with them, not so much.

That’s why I was ripe for a $500 “investment” with an eye towards getting the job done right. Unfortunately for me, that kind of person seems to be their kind of prey.

I came to InventureX by way of the many YouTube ads they have been running. In retrospect, the sheer amount of advertising they were doing should probably have been a tip-off. In any case, it was my first clue.

It all started early in 2019, somewhere around January or February…

One More Item:
Shortly after I turned down an offer of money to remove this page, my WordPress plugin began reporting attempts to crack the site at the rate of 100 a minute. It may be a completely unrelated event, of course—one that is simply the result of having a page like this that has become quite popular. Nevertheless, it is worrying. If the site suddenly goes away or becomes unreachable, then, therein may lie answer.

Bullet Summary

  • They claim to have a AAA rating with the Better Business Bureau. But when I checked, the Better Business Bureau in Los Angeles had no listing for them. (Their website says they have offices in Los Angeles and Las Vegas.)
  • At the very beginning, they claim to “have the know how” to set up a crowdfunding operation, and the “ability to predict” the number of people who will join. That sounds great! They can predict how much money will be coming in and can therefore afford to front you the money needed to get it. Right? Not quite. When you get to the fine print, things change a bit.
  • When it gets down to the point that they are going to arrange a loan for that funding, they make it a point to say that they want people “who believe in their product”, which means (they say) that they don’t expect InventureX to “assume all the risk”. What does that really mean? In short, it means that you are entirely responsible for the loan. If too little money comes in, for whatever reason, you are on the hook for it. (Or it might mean that they wish to share the risk. That would be fine, too. But when it comes to answering questions they are missing in action, so it is impossible to find out.)
  • Of course, if you get crowdfunding money, you can pay them and their fees. Will you have enough left over to fund your business? One can hope…
  • To even get to the fine print, they want $500 “earnest money”. That’s pretty reasonable—especially when they say they will refund it if you decide not to go with them. But nowhere in the materials I have seen is there any indication of how to say you have decided against using them. And to date, they have not responded even to questions. How then, is it possible to get a refund?
  • The $500 ($497, to be exact) gives you access to a “members area” that contains a collection of videos on what you need to. A really nice education, in a lot of ways. I learned a lot from it. But is it worth $500? I’m not really sure. At this point it doesn’t look that money will ever be coming back, so I’m learning all I can from it.
  • Then there is the fine print. They say they do profit sharing at the back end. Fine, if the price is right. But how much is their profit sharing percentage? Is there a cap? It makes a difference to product pricing, of course. And profitability. And any sort of reasonable number is fine. But what it is that number? The inability to get answers to questions is troubling.
  • The funding option they point you to is Lending America LLC. They say their fees are 3–4% at the front end. That’s less than the 10–12% (they say) that others charge. But “others” aren’t involved in a profit-sharing arrangement. (They say InventureX pays them. Again, how much? It could be the greatest deal in history. For them. Or for you. Without the details, who knows?)
  • The line of credit will generally be $50–100k. It’s arranged through a variety of local banks, global banks, and credit unions. You tap into it when you need funds, and have 12-18 months to pay it back, at zero interest. Sounds good, right? Maybe a little too good.
  • InventureX point to several success stories. They definitely have crowd funding pages, and several people have recorded videos telling how satisfied they are. But, as far as I can tell, not one of those products has made to the store shelves. In other words, when it comes to “evaluating” your idea, you are pretty well guaranteed to be well-regarded, in their eyes.
  • Looking at those products, I don’t see anything I would buy. I’m not sure that many would. So it seems that InventureX is going to tell you have a winner, regardless of your offering. Not a good sign.
  • Lending America says you can spend the money on product development or any number of other business expenses. InventureX says 50% of it has to be spent with them. But how much of your company’s operations is InventureX really prepared to handle?
  • For one thing, their real expertise seems to be in crowdfunding and marketing to people like me. If they have other skills, I haven’t seen evidence of it online or in the “members” area. And then there are the products they offer as examples of “success”. I haven’t seen any of them for sale anywhere. So clearly their income derives from being paid to design the products, rather than from actually selling them.

My Questions

Although I have tried on several occasions to get answers to these questions, I have yet to see so much as an acknowledgement that a question has been received! Much less an answer.

  • How much will they need for a promo video & campaign page, with text and images?
  • What else is in the marketing plan, and how much will they need for that?
  • How much extra would they charge for the video-instruction segments I need to record to show people how to use my product?
  • How does their profit-sharing arrangement work?
    • What is the percentage?
    • Is it a percentage of gross incoming funds, or a percentage of net funds, over and above the cost of goods sold?
    • Is there a cap on the amount?
  • Does InventureX stand behind their claim that they are experts in crowdfunding, that they know how reach potential funders, and can predict how many people will sign up?
  • Or is the risk entirely assumed by the entrepreneur, with only their say-so as to expected revenue?

The Full Story

On Monday, I had a great conversation with InventureX over the phone. I had spent time looking at reviews and searching the web for negative reports. But it is possible I did not go deep enough.

Their intro video says that they take a $500 deposit, to weed out those who aren’t serious. After that, if I decide not to go with them, it will be refunded. It also says they will craft a plan that is tailored for my project.

Awesome, I think. I know I can use help in many areas, especially in the areas of crafting professional marketing materials, financing, and initial production. So I make the call, so they can “evaluate my project, to see if it is a fit”.

Here’s how the conversation went:

  • [Jason@InventureX]: We’re experts in crowd funding. We have our own studio to make videos and everything else you need to succeed.
  • [Me]: Sounds great, the problem is how to afford it. I’m getting to the end of my financial rope.
  • [Jason]: With our Partner Profits Program, we provide the financing.
  • [Me]: Awesome. Here’s my card. Bill me $497. It’s a not even gamble, given that I get it back if I decide not to go with you.

Now, they didn’t tell me what the financing option(s) would be. Maybe it’s an investment. That would be cool. Maybe it’s a loan. That would be fine, if payments come out of crowdfunding proceeds.

After all, they say that they are experts in the process, and can predict what they will be able to generate in funds. So that, too, is a no-risk proposition, if it is structured right.

On the other hand, if I wind up on the hook for the loan, despite the results, that is a proposition I am prepared to turn it down. Too much risk for me, at this point.

So what I am expecting at this point is a financing proposition to evaluate, and a plan for raising the funds needed to get the TreeLight Yoga Bench into production. (Crowdfunding done right will actually be a great vehicle for that. In addition to generating funds, it will raise awareness while at the same creating pre-order sales for the product!)

Okay. It is now Friday afternoon, at 3:25. An email arrives. I see it at 6:30 pm.

It is my login instructions! Wonderful. I go there, to a page entitled “Partner Profits Program”.

What I see is a list of videos and instruction-pages for me to review. I’m sure they’re all good. But there is no mention of a customized plan or financing. All I see are segments on how I can find partners, and how I should go about arranging financing with my partners.

I’m sure the material is valuable, and I’ll be happy to go through it, if it is only the first step. But nothing in the email I received or the page I visited tells me it is only the first step.

At this point, I can’t very well go through the materials. Because if I did wind up paying up $500 for a generic education, I can’t very well go through it and then ask for my money back.

Now then, since it is late Friday, I suspect I won’t see a response to the email or the Tweet I sent until Monday. At this point, I am recording my thoughts in draft form, just in case.

I hope I’ll wind up deleting it, and that they just need to improve their communication process. After all, I’m happy to make them money if they will help me get the product out to the world. It’s just that I have fallen victim before, and I’m wary…

The Education Begins

After being unable to reach anyone over the weekend or early the next week, I begin investigating the materials. I might as well get something for my money. It seems like a pretty good collection of videos. It takes me a week or so, but I get through them.

Of course, what the videos don’t say is way more important than what they do say. A couple of months later, I get the straight scoop from some helpful contacts at IndieGoGo:

  1. Successful campaigns generally get 1/3 of their contributions in the first couple of days. (Those campaigns build momentum and get the word-of-mouth ball rolling.)
  2. During that time, about 5% of your contact list will contribute.
  3. So, based on the size of each contribution, you can do the math to figure out how much capital you are likely to raise with your current contact list or, conversely, how large a list is required to raise the capital you need.

Basically, the success of your campaign depends on the size of your mailing list and the size of any “influencers” who are on board with your idea.

Now, it may well be that InventureX excels at finding people and building the list you need. That’s the kind of thing I expected to read in their “plan”–how they would identify the right people, how they would target those people, and the number of folks they would expect to come on board, as a result.

But since I never say anything resembling an actual “plan”, the only confirmation I have that they really know what they doing is their say-so—that, and the highly selective testimonials of people who appear to have succeeded.

But was that success based on what InventureX did? Or on particular skills or resources possessed by the entrepreneur?

The “Financing” Option

The bottom line is that InventureX doesn’t plan to invest one thin dime into the operation. They sent me to their secondary outfit which will give me a “zero interest loan” (a line of credit, actually) for 18 months or so, at a variety of banks.

And what is the interest rate after 18 months? No clue. Neither they nor the loan outfit says a word about that. But from the way things have happened so far, I’m guessing it’s a usury-level credit-card rate close to 30%.

That would make sense. They simply defer their income. They say they have an “approval” policy, but looking at the products that have been approved, none of them have hit the market, and none seem to me to be very marketable.

So they approve anyone who applies, deliver a collection of videos instead of the promised “marketing plan”, and switch from “we know what we’re doing so we can afford to invest” to “we only want people who believe in their product” (so it’s your fault if things don’t work).

Meanwhile, they never delivered on their promise to return my initial $500 investment. I don’t know for sure, but if it isn’t illegal, it seems to me it should be. At the very least, Google should stop running their misleading ads.

Epilog

At the time this article was originally written, Complaint-34149 was filed with the California Department of Business Oversight in hopes of obtaining the promised refund.

In late Dec, 2019, a complaint was filed with the Internet Crime Complaint Center (ic3.gov)

Update, Mid-July 2019: Refund in Process

After not hearing from me for 5 months or so, their main admin guy sent me a note asking how I was doing with the program. I replied saying I wasn’t doing anything with it, and asking to how to obtain a refund.

He said he would process that, and wondered if I would send him some comments on the program, and my reactions to it. I responded with a short version of the items listed in this article.

As of today, the refund is being issued. But the fact that there was no clear way to ask for it nor any response to repeated questions remain troubling.

To his credit, though, the InventureX representative thanked me for my detailed feedback, and for identifying many potential areas of improvement.

The only question remaining  is whether any of it would have happened absent this article, my Tweet of it, my note to the CA Dept. of Business Oversight, or my letter to YouTube regarding the many ads they are running.

It’s not clear whether any of those actions made a difference. It is clear that once communication was established, they reacted quite well and are issuing the refund.

In that conversation I was told:

  1. They’d love to partner with inventors, but can’t really do that.
  2. They provide the “program” as a DIY tool so people find out what goes into it and so they can try it themselves.
  3. For “funding”, the only option they have is the zero-interest loan for 12-18 months. (But what is the interest rate after that? I never did find out.)
  4. With some kind of funding for marketing, it becomes possible for them to put together a plan they will execute, instead of the “DIY” approach.

Finally, to be clear, they never did promise “investment” in the initial phone call. They said they could help me get the “funding” I needed to get off the ground. It was my own mental processing that translated “funding” into “investment”.

The Bottom Line

If you have a product with a clear need that people will pay for, InventureX may well be a good vehicle for you. In my case, I’m doing an “educational sell”. (For some reason, that is the kind of project that gets my juices flowing.)

But because it is an educational sell (for a yoga/meditation bench), there are several possible audiences and several possible appeals. (AND I’m dealing with production pipeline issues.)

Possible marketing appeals include:

  • Make meditation more comfortable.
  • Enhance the experience of “energy flow” meditation”.
  • An easier form of yoga anyone can do.
  • Develop the capacity to sit in Lotus Pose.
  • Sit as though on the floor, without having to go to the floor.
  • Reduce back pain.
  • Develop strength.
  • Improve osteoporosis.

That’s a pretty long set of options! One audience, for example, consists of aging Indo-Americans who are no longer comfortable on the floor. They have a positive response to the bench, but are they likely to be found in a crowdfunding venue? (Probably not. So the question becomes: Can their kids be motivated to purchase it for them?)

And so on for each possible combination of audience and appeal. It can take time to find which approach(es) will work best, and during the time, the loan-clock is ticking!

In the end, I decided that this may not be the right vehicle for me. With the information you have now, it may be the right one for you—but keep in mind this bit of wisdom from the good folks at Indiegogo:

  • The success of your crowdfunding campaign depends more than any other factor on the size of your mailing list.
  • You should reach a third of your goal in the first couple of days. (That kind of pace generates the buzz that produces viral growth.)
  • In general, about five percent of your mailing list will participate in the first couple of days.

For a given contribution amount, then, you can do the math to determine how big a list you need. Alternatively, you can use your current list to determine how big a crowdfunding goal you can reasonably reach.

And that, fundamentally, is why you need paid marketing assistance–to use the tools at their disposal to reach a given audience, trying different appeals to find the ones that work best.

The alternative is to have a thought-leader or celebrity in your corner, with a sizeable list of followers. Or develop that list yourself, in time.

That is pretty much the only way to make a crowdfunding campaign work!

Email Exchanges

As I write this at the end of 2019, I have had some pretty terrible email exchanges with people who claimed to be victims in the comments, and one from a fellow who offered me an (unspecified amount) of money to take down this page. (He asked me how much I wanted. I had a figure in mind, which scared me. I could have done a lot of good with the money. But in that case, how many others would be hurt?)

One lady’s comment said that she had found a company that “worked great”—send her an email, and she would tell you who it was. I asked her to share her link, and disabled her comment when the company she mentioned looked to be the same group of people operating under a different name. (My thanks to other commenters, who did the research on that.)

When I disabled her comment, she complained bitterly that “she had not wanted to share the name in the first place”. (Why? She was happy to share it privately. But she didn’t want to post it.) She went on to say “she knew that doing so would cause problems”. (Again, why? If the company was so great, why would she expect that naming it would cause problems?)

After several of those exchanges, I got an email from another “victim” I had been interacting with. 

In his message, he tells me that:

  • He “received a call” from Julia this morning.
  • He is the one that recommended InventureX to her.
  • She and her husband lost over $150k.
  • She has the name and contact info of someone who works at the company (an interesting talking point. She said so, as well. But why repeat it?)
  • She is outraged, because she didn’t want to share the name of the company in the first place, and only did so at my insistence. (Right. She asked people to call her so she could tell them privately. But why didn’t she want to share the name of the company?)
  • As she has mentioned in her messages, she was “afraid that giving the name” would lead to problems like this. (Why? If the company was so great, why was she afraid?)
  • She and her husband helped him get a full refund in less than a week. (How, I wonder?)

Perhaps most indicative of all is the fact that neither of them would share the name of their product or company, Meanwhile, he too, has never shared the name of his less a link to either or a link to a crowdfunding page.

It is of course possible that I have become overly-suspicious, and am over-reacting. But the fact of the matter is that I don’t any entrepreneurs who would even hesitate to brag about their product offering.

Even in a one-on-one exchange, who knows what it could lead to?! It might result in a sale, or better yet, an investor. 

Then there was the fellow who said the company hired him to “improve” things. It took a while, but I finally got him to admit that he was willing offer me money. (The company gave him money, he said, and he was willing to give some of it to me, if I would take down the page.)

He wouldn’t make a specific offer, though. He wanted me to specify a price. (I had one in mind, but I was afraid for my soul! Had I named it, and they met it, I would have been facing the dilemma of how much good I could do with the money, versus how much harm could continue to be done to others.)

In the end, I told him no, and told him to stop writing. That’s when the exchanges with the other two started. 

At this point, keeping track of these shenanigans is becoming a full-time job. I have other more important work to do, so I have disabled comments.

Just know this: If you write to me directly, I will need specific information about your product, service, company, or crowdfunding page. It will need to be information I can confirm. Otherwise, your message will simply be stored for future reference, with no response.

I apologize to those of you who have stories you would like to share. Some of you, having spend your hard-earned cash, may well having nothing whatever to point to—no product page, no company site, no crowdfunding page—nothing.

If you are in this camp, I am truly sorry! But I can no longer take the chance that there are people posing as “victims” on this page who are out to take your money a second time!

More Scams!

Apparently, people who have posted comments on this page are being contacted by companies who claim to have helped TreeLight.com with a social media marketing campaign. I am here to tell you: THEY ARE LYING.

Absolutely no social media marketing has been done to push this site. So any outfit that says they have is making a false claim.

Copyright © 2017, TreeLight PenWorks

 

32 Comments

  1. Eric Armstrong Author January 16, 2020 (3:33 pm)

    NOTE: At least one of the one people commenting on this page is not who they claim to be. (I think I know who it is, and will be removing their comment forthwith.)

    How I know:
    I got a message from someone who used a fake email address to contact everyone who commented here. Shortly after doing so, he received emails from crowdfund.pros@gmail.com and marketyourcrowd@gmail.com, both of whom “pitched their cookie cutter promotional services”.

    Similarly:
    Another lady who left a comment at the site told me she was contacted by CrowdFundPros, and they claimed to have worked on one campaign with me, and were about to start another. (It’s not true. I have saved her email, and hope to get a record of them saying it, one day.)

    So clearly, CrowdFundPros and MarketYourCrowd are two outfits to avoid, at this stage.

    Reply to Eric Armstrong Report comment
  2. Cooper Author January 9, 2020 (11:32 pm)

    My business is also one of their victims and this is the first large group of complaints I’ve been able to find….We are currently working on drafting a letter from our lawyer to InventureX and would love to connect with others.

    We hired InventureX to help our company Bomfy B. with our Kickstarter campaign. Paid them $10k upfront and they required us to set a goal of at least $50k. We’ve since learned that with crowdfunding your goal should be the least amount of money possible to be able to create your project even if you think you can raise more.

    We hired them in march for a launch date in July. Even with all of that time, we were nowhere ready to launch on time and missed several launch dates. Their work was incredibly sub-par for what we paid and full of typos. Our campaign failed miserably while we got no responses form them for weeks at a time.

    You can find our failed campaign that they “helped” with here: https://www.kickstarter.com/projects/bomfy/bomfy-blankets?ref=user_menu

    Feel free to email me at cooper@bomfyb.com

    Reply to Cooper Report comment
  3. Leslee Hill Author January 9, 2020 (8:43 pm)

    Initially, I was extremely impressed by all the communication. I received reminder calls and spoke to Sarah before each call. I was not at all put off by the $500 because I had researched them and couldn’t find a bad review.

    My company had a couple setbacks with our developer’s visa and asked them how to proceed based on a new launch date. I started seeing several emails were not being responded to. The first stern communication I sent to them had a three day delay and advised me to sing up for a meeting through their scheduling app and advised that pushing the launch date was just fine.

    From that point on we continued to see little responses to our emails. I scheduled THREE meetings and each were ignored, having no email response to my emails asking why they were not meeting us. At one point, I actually asked them “FOR THE LOVE, WILL SOMEONE RESPOND TO ME” NO word for 4 days. When they finally responded, they didn’t even address the fact that they were not communicating.

    They advised in our early talks to that all the apps they run campaigns for easily acquire $100k. Before I gave them the full $13k, I asked them why they thought we could raise $100k when the research shows that successful campaigns raise under $9k. They balked at this and said that was absurd. So we made the goal $100k and throughout the campaign (which they did not do any pre advertising for).

    I asked for ways we could improve and they didn’t even respond. I asked if we should be acquiring funds prior to the campaign launch to help it look successful and they ensured us that they have a list of investors so we do not need to do such a thing.

    Lies. All lies.

    Our campaign was closed 30 days ago and I still have no communication.

    DO NOT HIRE THEM!

    Thank you so much for writing this blog about them. Something needs to be done.

    http://www.ridme.com

    Reply to Leslee Hill Report comment
    • Cooper Author January 13, 2020 (5:56 pm)

      It’s eerie to read your story and have it be so spot on to what we experienced. They’ve done such a good job at keeping any trace of a bad review off the internet prior to this thread. I hope more people can avoid what happened to us!

      Reply to Cooper Report comment
  4. Eric Armstrong Author December 26, 2019 (8:06 pm)

    WARNING: It has come to my attention that some of the comments posted here may only be pretending to be victims of InventureX. They claim the company took advantage of them, and then attempt to steer you to another site—one which may actually be a similar operation. The goal of those comments seems to be to steer you to an outfit that will take your money a second time!

    I have removed the suspect comment that have been identified. In the meantime, here are some rules you can use as a guide:
    1. If they are saying that some other outfit “worked really great” for them, be wary.
    2. Look for a link to the product they are offering, their company, or the crowdfunding page they created.
    3. Get in touch with the company that is supposed to have been funded. Verify that the person who posted the comment is actually affiliated with it.
    4. Examine the product. Is it something you would buy? Is it available in the marketplace? (If not, on what basis should you trust what they have to say?)
    5. If possible, when you contact the allegedly-funded company, verify that the recommended outfit actually helped them with their offering.

    Reply to Eric Armstrong Report comment
  5. Say No to InventurX Author December 3, 2019 (2:20 pm)

    Anyone in this post interested in a class action law suit against InventureX?

    Reply to Say No to InventurX Report comment
  6. Say No to InventurX Author December 3, 2019 (1:05 pm)

    Hello, I’ve recently had a HORRIBLE experience with InventureX and was hoping we could speak.

    Reply to Say No to InventurX Report comment
    • Eric Armstrong Author December 3, 2019 (4:53 pm)

      Let’s set a time. Email me: eric@treelight.com, and I’ll give you a phone number.
      I got lucky and got my money back, so there’s no benefit for me in a lawsuit–
      other than putting another predator on notice that they can’t get away with it!

      Reply to Eric Armstrong Report comment
      • Say No to InventurX Author December 4, 2019 (2:23 am)

        Thank you Eric, I emailed you. I’ve reported them to the BBB and I think everyone in this thread should do the same. Someone even made an anti-inventurex page on Instagram. I guess folks are sick of getting taken advantage of

        Reply to Say No to InventurX Report comment
        • Rich Author December 4, 2019 (9:50 am)

          I reported them to bbb as well as other entities. I have created a Facebook page called “Inventurex Scam.”

          Please visit and like the page thanks

          Reply to Rich Report comment
          • Eric Armstrong Author December 26, 2019 (10:21 am)

            I reported them to the BBB as well. They closed the complaint, saying “they could not find the company”. (!) Perhaps better luck will be had by filing an Internet Crime Center Complaint at https://www.ic3.gov/

          • Eric Armstrong Author December 26, 2019 (11:18 am)

            Please post a link to your page, to make easier for others to find.

          • Eric Armstrong Author December 26, 2019 (1:11 pm)

            Richard, at your request I removed your original comment because, as you stated in your email, “they have offered to give me and a handful of others refunds”. I was glad that my site seemed to have helped optimistic entrepreneurs like yourself get back money that was invested under false pretenses. Even though the company is clearly working hard to cover its tracks, I had hopes that others who cannot afford to lose the money they invested would benefit, as well as yourself. However, since you wrote that “the company did not follow through”, I have restored your original comment.

  7. Rich Author November 1, 2019 (4:49 pm)

    Also scammed me out of 15k. Missed 8 launched dates. Tried to force a political party on my project. Worst experience ever. Stay far away!

    Reply to Rich Report comment
    • Eric Armstrong Author November 1, 2019 (7:03 pm)

      It’s fascinating that the one person who supposedly had a positive experience never provided any details about the product they were allegedly offering.

      Reply to Eric Armstrong Report comment
    • Say No to InventurX Author December 3, 2019 (1:07 pm)

      I cant believe I’m just finding these posts..I searched and searched and found no complaints and now they have SCAMMED me, I’m finding all kinds of posts. Total scammers. Can I sue?

      Reply to Say No to InventurX Report comment
      • Luke sais Author December 20, 2019 (9:40 am)

        Right it’s funny how that works out.

        Reply to Luke sais Report comment
        • Luke sais Author December 20, 2019 (9:42 am)

          We have a investigator looking into things now I’ll post all real names and all the info I can legally for everyone.

          Reply to Luke sais Report comment
          • Cooper Author January 14, 2020 (5:59 pm)

            Any updates on the investigation?

  8. Joe Park Isn't Real Author September 30, 2019 (11:51 am)

    They’re major scammers. We shouldn’t have given them our money. They continued to postpone our launch and the quality of the work they did complete was that of a 5th grader. Plus, a simple reverse image search of their so called ‘Joe Parker’ brings up other Belarusian LinkedIn profiles. Same goes for a couple other photos of their ‘team members’

    Reply to Joe Park Isn't Real Report comment
  9. Rodrigo Author September 19, 2019 (11:38 pm)

    We worked with inventure-x and they did a huge raise for me, it was nothing but professional all the way and they went way over our dialed in goal that we discussed.

    To me sounds like a different company, we crushed it with our pet based product, we were skeptical and scared to invest but for us it paid off big time and has been the driving force behind our whole brand.

    Reply to Rodrigo Report comment
    • Eric Armstrong Author September 26, 2019 (8:36 pm)

      Thanks for that note. I’m glad it worked for you!
      It might still be a good idea…

      Reply to Eric Armstrong Report comment
    • Eric Armstrong Author October 19, 2019 (11:36 pm)

      What was your product? Is it in the market making money?
      Their initial call is supposed to be a screening for ideas that will sell,
      but from the things I saw on their site, anyone with money to give them
      was “qualified”.

      Reply to Eric Armstrong Report comment
    • Eric Armstrong Author December 1, 2019 (12:08 pm)

      I’m willing to believe you, but some details would really help! What pet-based product are you talking about? Is it in production? Do you have a link to it? Did your company get off the ground? Where is it? Is there a way to see the funding page? How much did they do for you? What did it cost you? How much did you raise? (Lacking detail, I’m afraid your comment doesn’t carry much weight, alas.)

      Reply to Eric Armstrong Report comment
    • Eric Armstrong Author December 1, 2019 (12:11 pm)

      Hmmm. Fascinating. Just tried sending you an email, and the account no longer exists–a gmail account, no less.
      Apologies if I’ve over-reacting, but your comment is looking less and less like the real thing.

      Reply to Eric Armstrong Report comment
  10. Jack . Author August 6, 2019 (2:18 pm)

    https://www.reddit.com/user/TimothyBrooks/

    1 month ago
    Word on the street is that they are a scam.

    TimothyBrooks
    1 point
    ·
    TimothyBrooks
    1 point
    ·
    29 days ago
    We partnered with InventureX in November of 2018. We had a phone meeting with their core marketing crew headed by Rodney Fife and Joe Parker. Fife quit soon afterwards. Parker completely BS’d us the whole way. They were supposed to kick off our campaign on March 27, 2019. Didn’t start until late May. They lied to us and said that they finished the marketing plan and Kickstarter page and submitted it to Kickstarter. We found out 2 weeks later that they didnt. They didn’t tell us, we found out from Kickstarter. After submitting the page to Kickstarter, InventureX did nothing. These “Marketing Guru’s” were unable to sell out a benefit concert featuring Kevin Hart, Drake, J. Cole, and 21 Savage in the Bay Area of California! Nobody even heard that we had a page on Kickstarter! Do not waste your money! Do not waste your time! I have ALL of the emails and proof. Just ask me. Round 12 Boxing in Sacramento. I’m Timmythedon on IG.

    Reply
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