Launchpeer Review – Scam or Legit?

Today we will be reviewing a company named Launchpeer. Is it legit? Find out in this Launchpeer review.

Opening a startup is no easy feat. In fact, before you can even conceptualize what kind of company you plan to start, you may feel overwhelmed and lost already. This is because it takes guts, intelligence, and grit in order to start your own company.

Most of the time, those with money invest in think tanks in order to perform feasibility studies, which could help determine what is the best course of action for their investment. In order to make money, you need to spend money. As much as possible, you need to make sure your money goes to something worthwhile.

Launchpeer advertised itself as a company that could get your idea all up and running, at least until their bankruptcy. What went wrong, anyway?

Before you decide to sign up for this program, you should read this Launchpeer review first.

DISCLAIMER: This is a fully independent review. I’m not affiliated with Launchpeer in any shape or form whatsoever.

But before I start …

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Launchpeer Overview: Quick Details

  • Name: Launchpeer
  • Founder: Jake Hare
  • Website: N/A
  • Socials: N/A
  • Type: Business solutions
  • Niche: Startup business
  • Recommendation: This business is already bankrupt, so this means that you couldn’t even sign up for this anymore.

What is Launchpeer?

Launchpeer Review - Logo

Launchpeer is a company that aims to help newbie entrepreneurs launch their very own products and brands, simple as that. Basically, Launchpeer is all about peer factor in product launching – they help you with knowing which products would be a hit before you can even start the manufacturing process. What they do for you is help you streamline the process by tactics which could help you boost your product traffic without having the product yet. That way, you can be sure when to kickstart the process and not waste time.

What makes Launchpeer different though is that they are an app development company. Basically, you pitch them an app idea, and their team can put it together for you. That, and help you with testing too so that your app launch would be fairly received.

That sounds good and all, but I cannot help but burst the bubble, since Launchpeer has already filed for bankruptcy and is no longer in operation.

What is a startup?

A startup is a brand-new business that’s just getting started, fueled by the excitement and belief that there’s a strong demand for what it has to offer. The main goal of a startup is to grow quickly because it’s providing something that fills a gap in the market.

The term “startup” isn’t limited to a specific type of company, but it’s often used for tech-savvy businesses that create innovative products or use technology to do things in a new and unique way. Interestingly, many startups don’t have products available for purchase right away, and some may not even be making money yet.

Defining when a startup is no longer a startup isn’t set in stone. Some say it happens when the company reaches a certain size, becomes profitable, attracts substantial investment, goes public, or gets acquired by a larger company. It’s a bit like figuring out when a fledgling business has grown into a more mature player in the business world.

Startups usually begin with the founder’s idea for a product. Sometimes, it’s at the stage where the founder has proven the concept works.

The founder of a startup typically takes charge of developing the product and running the business. Their main goal is often to grow the company quickly, even before making a profit.

So, the worth of a startup isn’t always linked to the money it’s making in its early days. Instead, leaders and investors might look at how much profit they expect the company to make in the future.

Distinguishing startups

Not every fresh business falls into the category of startups. Companies with limited potential for growth in terms of customers, revenue, and product offerings aren’t typically labeled as startups. Think about new places like restaurants, dry cleaners, or professional services firms — they don’t usually fit the startup mold.

While there isn’t a strict definition of what makes a startup, there’s a recognized group of young companies with a unique work culture. This startup culture is marked by traits like a dedication to new ideas and a readiness to take risks and make fast decisions. It’s an environment that attracts individuals who thrive in such settings.

Within this culture, there’s often an emphasis on equality, where employees from all levels collaborate closely. The workspace reflects this ethos, often featuring open areas where leaders and staff work alongside each other. However, founders and their selected executives still hold authority and act as champions for the company and its product.

What happened with Launchpeer?

Launchpeer, a startup development agency, embarked on a challenging journey filled with ups and downs that eventually led to financial troubles and talks of potential bankruptcy. This company, which had its roots before 2020, faced various obstacles in meeting client expectations, resulting in unhappy customers and missed opportunities.

By the year 2023, Launchpeer’s financial instability became undeniable, triggering legal disputes and discussions regarding the possibility of declaring bankruptcy. Within the Launchpeer Founders Unite Facebook group, members openly shared their frustrations, uncertainties, and dedicated efforts to recover from financial setbacks. Despite these hurdles, some founders managed to find success by teaming up with other development firms, highlighting the resilience and determination prevalent in the entrepreneurial community.

The timeline of events paints a vivid picture of the intricate challenges, legal battles, and the collaborative spirit displayed as the community rallied to overcome the aftermath of Launchpeer’s difficulties.

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Launchpeer Overview

Launchpeer was a startup development agency that provided services to entrepreneurs and businesses looking to build and launch their digital products. The company offered services such as product development, design, and marketing to help clients bring their ideas to life. Launchpeer aimed to support startups at various stages of their journey, from concept validation to product launch and beyond.

Founded by Jake Hare, Launchpeer gained attention for its focus on helping early-stage startups navigate the complexities of building and launching a successful product. They emphasize a collaborative approach, working closely with clients to understand their vision and goals.

Who is Jake Hare?

Jake Hare’s early life was marked by challenges — growing up in California, he experienced homelessness during his teenage years, living out of a car with his hardworking family. To fund his law school education, he enlisted in the army before settling in Nashville. It was there that a mentor introduced him to the world of technology, sparking a newfound interest.

He came to understand that medicine and professional sports weren’t his only career options; law school had seemed like the obvious choice until he realized the breadth of opportunities available.

Drawing on his cybersecurity expertise from his military background, Hare secured a lucrative IT position. His professional journey led him, alongside his wife Belinda Hare, a developer, and their children, to relocate to Charleston in 2014. While their jobs ensured financial security, Hare harbored ambitions beyond conventional employment.

A year later, having witnessed firsthand the communication challenges between developers and clients, the couple founded their startup consultancy, Launchpeer.

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Launchpeer’s Uncertain Future

Well, I believe that there is nothing more to be said about Launchpeer, as the company has already folded. It’s gone, and I highly doubt that it will make a comeback. In fact, there are lawsuits filed against it because so many investors lost their money. All I can say to them is that they have my sympathy, but businesses go bankrupt. It’s something that is fairly common, too.

If you invested in Launchpeer, I hope that you get at least some of your money back.

Final Verdict – Launchpeer Review

Unfortunately, the story of Launchpeer takes a downturn as it grapples with financial woes, ultimately leading to its demise. Despite its promising beginnings and the noble intent to assist budding entrepreneurs in realizing their dreams, Launchpeer’s journey was marred by turbulence and setbacks.

The company’s downfall can be attributed to a myriad of factors, including its struggle to meet client expectations, resulting in dissatisfaction and missed opportunities. As Launchpeer faced mounting financial instability, discussions of bankruptcy loomed large. Legal disputes further exacerbated its predicament, casting a shadow over its once-promising future.

While some founders managed to find solace in partnering with other development firms, the overarching narrative remains one of disappointment and disillusionment. Launchpeer’s demise serves as a cautionary tale, underscoring the inherent risks and challenges associated with entrepreneurship.

Before You Leave…

If you are looking to start a real business which can help you make money online, checkout my #1 recommendation.

This is the BEST business to start right now and it has helped me make $30,931 last month alone.

Go here to see my #1 recommendation to start making money online 

My #1 Recommendation