Report: #324491

Complaint Review: Joe Rubin Second Venture - Stratford Connecticut

  • Submitted:
  • Updated:
  • Reported By: Humansville Missouri
  • Joe Rubin Second Venture
    7365 Main St Ste 324
    Stratford, Connecticut

Joe Rubin Second Venture, Second Venture Corporation Joe Rubin of Funding Post send me an urgent email saying I had 3 days to put an advertisement in a magazine that was about to hit 400 venture capital firms all over the USA. Stratford Connecticut

*Consumer Comment: No use

*REBUTTAL Owner of company: Not a Ripoff - The magazine was printed and mailed as promised

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Joe Rubin of funding contacted me via email and said I had 3 days left to place an advertisement in a magazine that was going to be distributed to 400 venture capital companies across the USA. I consulted with my partner and we spent $125.00. We also requested Joe to send us a copy of the advertisement and possibly a copy of the magazine.We never heard from him again.

We were looking for money for an oil company we had started. We had already raised almost $50,000.00 through private investors and performed a seismic study and paid Geophysicists to do the related geological reports. We at this point needed capital to launch the drilling phase of our oil business.

We have since run an advertisement in the Wall Street Journal and we received about 30 phone calls for the same advertisement. We didn't receive one call from Joe Rubin's company nor a copy of anything showing our advertisement had even been printed in his magazine.

Meanwhile, our debit card was debited and our bank statement verifyied the money was taken by his company.
I've called him and sent an email asking about this and have heard no response.

Humansville, Missouri

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#1 Consumer Comment

No use

AUTHOR: mister - ()

Got listed on the "fantastic" website with +5000 investors by paying 100 usd.
After payment the site said only 5 people actually saw my profile - probably just themselves.

Nothing happend - no funding.

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#2 REBUTTAL Owner of company

Not a Ripoff - The magazine was printed and mailed as promised

AUTHOR: Joe Rubin - (U.S.A.)

Jeffs Company was included in our printed magazine which went out to 400+ VCs and Angel Investors across the USA. Taking out an ad in the Wall Street Journal is much different than listing in our magazine. First off, there are over 2 Million subscribers (30 calls is a .0015% response rate) They are NOT all accredited Investors, so when you are advertising to this group, it's a different type of offering.

While I commend Jeff on Raising $50K from his efforts in "wild cat" oil wells, he may not have positioned his ad correctly to attract Venture Capital Firms. We list 50 of our 400+ VC subscribers on the sign up page for the magazine as an example of the types of investors this magazine goes to. Additionally, we took a few photos of some Angel Investors and VCs physically holding their copy of the magazine as we personally hand it to Investors at our events.

I'm sorry he did not get the response he was looking for, but the magazine is legitimately printed publication

BELOW - The email trail between Jeff and myself with the times noted - Everything was replied to, including a photograph that I personally took and sent him of his listing, and seemed to be handled within just a few hours of his call:

Tuesday, May 27, 2008, 8:09:52 PM, you wrote:

Thank you
----- Original Message -----
From: "Joe Rubin" <*************>
To: "Jeff" <***************>
Sent: Tuesday, May 27, 2008 3:08 PM
Subject: Re[2]: FPQ - I want to MEET INVESTORS -how can I do this


S******** Oil was included in the last issue of the magazine.

This magazine Was mailed out to and personally handed to over 400 VCs and Angel investors across the nation.

Ive included a photo of your listing in the magazine that I just took.

Joe Rubin
Second Venture Corporation

Tuesday, May 27, 2008, 3:31:33 PM, you wrote:

Hello Joe,
About one year ago right now, you sent this same email as you sent today to my inbox looking for $100 for businesses to run ads in your magazine.
Seeker Oil, LLC paid you that $100 and never heard anything from anyone. We have no proof an ad was made and put in your magazine. We emailed you a request to see a copy of your magazine so we could see our ad in it. We never heard from any angel investors or anyone else.

A few months later we ran an ad in the Wall Street Journal and received 30 calls in one week from all over the country so we know that ad ran.
Can you show me that our $100 went to a good purpose?
Jeff ***********

----- Original Message -----
From: "Joe Rubin" <*************>
To: "Jeff *******" <************>
Sent: Tuesday, May 27, 2008 1:28 PM
Subject: Re: FPQ - I want to MEET INVESTORS -how can I do this


Im not sure which information you were expecting or paid for? Please email me the specifics.... as for info on finding investors, its all over our website:

as for the magazine, We dont give out the magazine to the listing entrepreneurs for a few
reasons. One - We have to abide by the SEC rules. Two - Privacy. We dont want to send your summary to other entrepreneurs, as I'm sure you
will agree. And Three - It would devalue the magazine. It would be farmed for email addresses and become a spam list.

The magazine goes out to over 400 VCs and Angel Investors nationwide. In addition to the ones we mail out, we also hand them out to VCs at our
events. For example, we have events in 15 different cities where we hand out the magazine to the attending investors.

The magazine is always well received. In fact sometimes the VCs show up to our events solely to get quality dealflow, and ask us specifically for the magazine! VCs are telling us that they are
contacting companies in the magazine.

Joe Rubin
Second Venture Corporation

Tuesday, May 27, 2008, 1:04:43 PM, you wrote:

Date: 5/27/2008 1:02:08 PM
First Name: Jeff
Last Name: *********
Phone: ***********
Email: ************
Question: Caller would like to know why he has not received any information on finding investors. He would also like a copy of the
Answer Sent: 40, I want to MEET INVESTORS -how can I do this
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