Drunk driving is a major issue in America, with well over 100 million instances of driving-under-the-influence a year. In an effort to address this problem, StearClear has developed a mobile app to get people home safely. The app connects to a GPS system that calls designated drivers, on-demand, to drive people home in their own cars. The drivers are from local, professional drive teams, and riders’ credit cards are automatically charged upon arriving home. STEARCLEAR is a Designated Driver service that uses GPS technology delivered through a smart phone app to connect customers with drive teams that get them and their cars home safely. By requesting a drive team through the StearClear smartphone app, a team of two drivers will respond to the customer’s GPS location to drive them in their own vehicle. Insured and professional drive teams are managed locally by StearClear franchise owners. STEARCLEAR is the #1 drunk driving service committed to reducing impaired driving with its GPS-enabled designated driver application.
Frequently Asked Questions
When you complete your investment on SeedInvest, your money will be transferred to an escrow account where an independent escrow agent will watch over your investment until it is accepted by StearClear. Once StearClear accepts your investment, and certain regulatory procedures are completed, your money will be transferred from the escrow account to StearClear in exchange for your shares. At that point, you will be a proud owner in StearClear.
Preferred equity is usually issued to outside investors and carries rights and conditions that are different from that of common stock. For example, preferred equity may include rights that prevent or minimize the effects of dilution or grants special privileges in situations when the company is sold.
A convertible note is a unique form of debt that converts into equity, usually in conjunction with a future financing round. The investor effectively loans money to a startup with the expectation that they will receive equity in the company in the future at a discounted price per share when the company raises its next round of financing.
To learn more about startup investment types check out “How to Choose a Startup Investment” in our academy.
To make an investment, you will need the following information readily available:
- Personal information such as your current address and phone number
- Employment and employer information
- Net worth and income information
- Social Security Number or government-issued identification
- ABA bank routing number and checking account number (typically found on a personal check or bank statement)
Until a closing occurs, you may cancel your investment at any time, for any reason. You will receive an email when the closing occurs and your shares have been issued. If you have already funded your investment and your funds are in escrow, your funds will be promptly refunded to you upon cancellation. To cancel your investment, please go to your portfolio page.
Currently there is no market or liquidity for these shares. Right now StearClear does not plan to list these shares on a national exchange or another secondary market. At some point StearClear may choose to do so, but until then you should plan to hold your investment for a significant period of time before a “liquidation event” occurs. A “liquidation event” is when StearClear either lists their shares on an exchange, is acquired, or goes bankrupt.
You can return to SeedInvest at any time to view your portfolio of investments and obtain a summary statement.
This is StearClear's fundraising profile page, where you can find information that may be helpful for you to make an investment decision in their company. The information on this page includes the company overview, team bios, and the risks and disclosures related to this investment opportunity.
This investment is highly speculative and should not be made by anyone who cannot afford to risk the entire investment amount. In addition to these risks, you should carefully consider the specific information and risks disclosed in StearClear’s profile.