The Top 5 Biggest StartEngine Success Stories
Has anyone made life-changing money?
Equity crowdfunding is in a weird stage of its life right now. They have just recently begun to ramp up, many companies only started recently considering it a serious and viable funding strategy, and as such, hundreds of companies use this platform. That being said, early-stage investments take as much as a decade before you see a payoff, and for an industry that was just born about 6 years ago in the U.S., well, you can do the math. That being said, there have still been a hand full of success stories. People aren’t going to sink more money into something that they think is just throwing away money, but there isn’t much information out there about these companies, so with that, let's get into it:
5. Solectrac — 68% Return
Solectrac is a startup that designs and sells electric tractors. Its raise on StartEngine ended in December of 2020, and the company was subsequently purchased only about 6 months after its raise ended for a 68% return to shareholders on StartEngine. The raise was actually pretty large as well, having raised just shy of $1m meaning a return of capital of $1.67m to investors or so. I personally know several investors that were extremely happy upon hearing the news the company was purchased and they would be receiving a nice return. I know I…
