Investing with truCrowd Illinois

  • Can I invest if I am a not a Illinois resident?

    No. As truCrowd Illinois operates based on Illinois Intrastate Crowdfunding Exemption. According to the Exemption, access to crowdfunded securities offerings on this funding portal is limited to Illinois residents. ...

    Dec 31, 2015 03:13
  • Can I invest if I am a resident of Illinois but currently I live out of Illinois?

    Yes. As long as you have a valid Illinois driver license or official personal identification card issued by the State of Illinois, or current Illinois voter registration number or general property tax records, you can invest via truCrowd Illinois. ...

    Dec 31, 2015 03:13
  • Can I browse offerings if I am not a resident of Illinois?

    No. According to the Illinois Secretary of State, you need to provide an affirmative representation to truCrowd Illinois that you are a resident of Illinois before you can access securities-related offering materials on the platform. ...

    Dec 31, 2015 03:13
  • Can I invite my friends from Illinois through my social network?

    You can always invite all your friends and connections from Illinois on the truCrowd Illinois platform. They can be invited either to your public profile or to a particular offering you want them to look at. Please remember that if your friends are not Illinois residents, they will not be able to s ...

    Jul 24, 2019 20:19
  • Why do I have to create an investor profile?

    At truCrowd we are strict on verifying users identity as to reduce and/or eliminate the possibility of fraud and to make sure only Illinois based investors are on truCrowd Illinois. Just as you do not want to lose money in a phony investment scheme, the entrepreneurs dont want to lose time with fak ...

    Jul 24, 2019 20:19
  • Which startups should I fund?

    The decision is yours. At truCrowd we require all entrepreneurs to provide ample information about their business so the investors can make informed investing decisions. Because we believe in the "wisdom of the crowds," we will let the crowd decide what offerings get funded. ...

    Jul 24, 2019 20:19
  • When will the fundraising round close?

    You will find all relevant information regarding closing in the offering details. All rounds have a 90 day maximum funding period. ...

    Dec 31, 2015 03:11
  • Where does the money I pledge go?

    When you pledge, your money will be moved from your investment account into an escrow account. After the funding goal is reached, shares will be transferred to the new shareholders who are investors like you. Then the money will be moved from the escrow account to the entrepreneurs account. If the o ...

    Dec 31, 2015 03:11
  • What will happen when the funding goal is reached in a Regulation crowdfunding offering?

    When the funding goal is reached, the stock transfer agent will prepare the share certificates and any other documents related to the transfer of equity. We partnered with VentureDocs (http://venturedocs.com/) to provide an affordable option though the entrepreneur, who may also use their own provid ...

    Jul 15, 2019 15:21
  • 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. ...

    Dec 31, 2015 03:11
  • What will happen if the targeted amount is not raised?

    If the target amount is not raised the money will be moved from escrow back to investor's investment account. ...

    Dec 31, 2015 03:10
  • 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 competition, they might cancel your investm ...

    Dec 31, 2015 03:10
  • Can I cancel my investment and get a refund?

    Yes. You can change your mind (remove the pledge) at any time before or even after the funding goal is reached. After the campaign is successful, we will send you a reminder email to notice the last chance to change your mind and you will have 48 hours to do that. After the 48 hour limit, the pled ...

    Dec 31, 2015 03:10
  • How long will it take to receive my refund?

    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. ...

    Dec 31, 2015 03:10
  • What is the maximum amount I can invest through truCrowd Illinois?

    One single investor can invest a maximum of $5,000 per company/startup unless the investor is an accredited investor. We recommend you to make a large number of small investments as opposed to one or two larger investments in order to minimize the risk. ...

    Dec 31, 2015 03:01
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