Part of funding portal member: truCrowd, Inc.
Investing via MusicFy by TruCrowd

  • Why should I invest in startups?

    Startups are riskier and more likely to fail as compared to public companies listed on the stock market. From sustaining a concept they believe in or a vision they trust people have different incentives when it comes to investing. ...

    Mar 11, 2019 17:11
  • What startups should I invest in?

    The decision is yours. At MusicFy we require all entrepreneurs to provide ample information about their business so the investors can make informed investing decisions We believe in the "wisdom of the crowd," and believe that the crowd can be valuable to investors when it comes to choosing compa ...

    Jul 12, 2019 16:54
  • What happens with the money I pledge?

    When you pledge, your money will be moved from your investment account into an escrow account. After the funding goal is reached, the securities will be transferred to the new investors. The money will then be moved from the escrow account into the entrepreneur's account. If the offering was cancele ...

    Jul 12, 2019 17:53
  • Can I cancel my investment and get a refund?

    Yes. You can change your mind (remove the pledge) for any reason until 48 hours prior to the deadline identified in the issuer’s offering materials. It may take 3-5 business days to receive your money back from the escrow account. The money will be deposited into your investment account. ...

    Mar 11, 2019 17:21
  • Can the entrepreneur cancel my investment?

    It is a rare occurrence, but yes, it is possible. The entrepreneur can cancel your investment. The entrepreneurs have the same cancellation rights as you. Legally, entrepreneurs may cancel your investment for any reason. For example, if they found you are a competitor. ...

    Mar 11, 2019 19:08
  • What will happen when the funding goal is reached in a Regulation Crowdfunding offering?

    When the funding goal is reached prior to the deadline identified in its offering materials and the issuer decides to have a closing, it could close the offering once the target offering amount was reached, provided that: the offering had been open for a minimum of 21 days; the intermediary prov ...

    Nov 04, 2019 07:39
  • What will happen when rounds are oversubscribed?

    It is possible for the money committed to exceed the original funding amount. If this does happen, the priority for who retains their investment is typically based upon the order in which the pledges were placed. ...

    Mar 11, 2019 19:11
  • Will MusicFy keep me posted about what will happen with the companies I have invested in?

    The investor will have a section in MusicFy where it can find the updates for each company they invested in, but: (a) Following completion of an offering conducted via MusicFy, there may or may not be an ongoing relationship between the issuer and intermediary; and (b) Under certain circumstances a ...

    Mar 11, 2019 19:49
  • As an investor, what reports will I get from the companies I invested in?

    Ongoing reporting requirements. (a) An issuer that has offered and sold securities via Reg CF must file with the Commission and post on the issuer’s website an annual report along with the financial statements of the issuer certified by the principal executive officer of the issuer to be true and co ...

    Mar 11, 2019 19:53

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