Tell HN: YC company Instavest had my money, help recover please

#1

Post by basicsbeauty » Fri, Apr 10, 2020, 2:32 AM UTC

Hello everyone,

Long ago I invested using this a YC company Instavest, it looks like they are no longer active.

Can someone please help recover the funds?

Re: Tell HN: YC company Instavest had my money, help recover please

#2

Post by jffry » Fri, Apr 10, 2020, 3:09 AM UTC

Can't help you on the YC front, but have you tried doing an unclaimed-property search in California (their HQ) or whichever state you were in when you made this investment?

https://www.usa.gov/unclaimed-money

Re: Tell HN: YC company Instavest had my money, help recover please

#3

Post by zelly » Fri, Apr 10, 2020, 3:15 AM UTC

You should hire a lawyer not ask codemonkeys

Re: Tell HN: YC company Instavest had my money, help recover please

#4

Post by SecurityMinded » Fri, Apr 10, 2020, 3:18 AM UTC

Well, investing in private companies for equity, requires taking a risk. Looks like your risk was very high and company went bust. For all intents and purposes, you have lost your investment. If there is anything left over from the dissolution of this business, it must b being held by a board of trustees. You need to make your research and figure out if such residual money exists somewhere and if it does, go after it, preferably with a lawyer;s help, if your investment amount justifies it.

Re: Tell HN: YC company Instavest had my money, help recover please

#5

Post by nxpnsv » Fri, Apr 10, 2020, 7:49 AM UTC

zelly wrote: post #3

You should hire a lawyer not ask codemonkeys

Useful answers like these is why you ask codemonkeys :)

Re: Tell HN: YC company Instavest had my money, help recover please

#6

Post by mr_woozy » Fri, Apr 10, 2020, 8:21 AM UTC

no

Re: Tell HN: YC company Instavest had my money, help recover please

#7

Post by basicsbeauty » Fri, Apr 10, 2020, 10:42 AM UTC

Got the answer: Funds are with Tradierbrokerage.com

Also clarification: Didn't invest in Instavest, rather Instavest is a trading platform.

Re: Tell HN: YC company Instavest had my money, help recover please

#8

Post by gshock » Fri, Apr 10, 2020, 12:09 PM UTC

You should file a complaint with the CFTC cftc.org I think you can also do a lookup on their site to see if there are any open cases and investigations.

Re: Tell HN: YC company Instavest had my money, help recover please

#9

Post by tomhoward » Fri, Apr 10, 2020, 2:31 PM UTC

It looks like it's not in the guidelines or FAQs anymore (perhaps because it's generally-enough understood that HN is largely independent of YC), but it's outside the purpose of HN to try to contact or raise personal complaints about YC companies.

There are contact details for YC on the YC homepage: https://www.ycombinator.com/contact/