Are the investors on this site legitimate?

Karen Pouye Wide range of skills and considerable experience

March 17th, 2021

I am getting a lot of "investors" approaching me via this Cofounder's Lab site. Are they legitimate? If they are not, then what is their agenda?

Paul Garcia marketing exec & business advisor

March 17th, 2021

No. If "investors" are randomly approaching you it is most likely a scam and each one should be reported to They spam vulnerable entrepreneurs, try to acquire your banking information, and then proceed to be thieves of information or worse, money. Investors have no reason to approach entrepreneurs. They're in the catbird seat, and they don't have to lift a finger for entrepreneurs to seek them. The folks approaching you are 99.999% likely to be scammers of one kind or another. Stay safe!

Tony B All knowledge is self knowledge. Keep learning. Stay hungry.

March 17th, 2021

I will echo what Paul is saying. Definitely report them. This site is not known for serious investors; more about looking for help making business decisions and light think tank community. Very light.

Karen Pouye Wide range of skills and considerable experience

March 18th, 2021

Thank you for that great advice. I shall follow your recommendations.

Curt Sahakian Attorney

March 18th, 2021


The most common scam is to offer loans. It seems I get a few of these every day now.

What they do is to then collect your information, then shop the loan around.

If they are able to find a loan, it is one that you could have gotten without them, only it is now burdened with their add-on fees.

Otherwise, you pay them some front-end fees and you never get the loan which you were never destined to get.

There are another large group of "investors" that I have never been able to figure out. They seem to be delusional with too much time on their hands. I have seen them all throughout my career in various forms. I am uncertain what kind of psychological demons drive or motivate them. I think it may serve as some kind of hobby or form of entertainment for them.

Curt Sahakian, Esq.

truCrowd, an SEC/FINRA licensed Equity Crowdfunding platform Debt, Equity & Revenue Participation

Ask about Reg CF raises ($300K - $5M), Reg A+ raises ($1M to $75M), Direct Public Offerings (unlimited)

312/307-7740 USA

Chicago / Los Angeles (General Offerings) (Cannabis Offerings) (Music Industry Offerings)

Steven Leventhal Broadcasting guru looking to take mobile app to the next level

March 18th, 2021

Best bet is to report suspicious approaches and instead participate in the Q&A and networking sessions.

Dorcas Ndungu I'm a middle aged woman specialized in fishing flies production.

Last updated on March 18th, 2021

Im looking for a cofounder and mine is legiitimate. Im in Kenya doing fishing flies for sports fishing. Im looking for a cofounder to assist in importing law materials for the flies.

Lance Cottrell Board Member, Advisor, Mentor, Angel Investor, Security Strategist, & Public Speaker

March 18th, 2021

Serious investors are already being approached by more entrepreneurs than they (I) can handle. We are not cold offering investments on sites like this. Unless you have a visible, unique, and successful startup and the investor can clearly articulate why they reached out, run away.

Ironically, the first angel investment in my company was when they reached out to me cold, but they were actively interested in the tiny market I was trail-blazing at the time.