The stock market had a tough 2022, with the benchmark S&P 500 index plummeting by nearly 20% and the tech-focused Nasdaq Composite down by more than 33%. Last year was the worst year for the U.S. stock market since 2008 because of persistently high inflation and multiple interest rate hikes.
While the markets rebounded slightly last week, the volatility concerns stand, as Federal Reserve Chairman Jerome Powell reiterated the central bank’s commitment to raising interest rates to bring inflation down and the precarious geopolitical situation.
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Given this backdrop, investing in alternative assets such as startups can help diversify your portfolio. Startup valuations have corrected over the past year and are currently at discounted levels, making it an attractive investment opportunity.
You can begin investing in startups through StartEngine, one of the largest crowdfunding platforms in the U.S. More than 1 million investors invested over $650 million in companies on the platform.
You can also invest in StartEngine, which is rapidly growing to become an industry leader in the crowdfunding market. Inc. The platform made Inc. Magazine’s 2022 list of 5,000 fastest-growing companies in the U.S. The company’s revenue grew six-fold from 2019 to 2021. Its revenue model includes percentage-based commissions charged on equity fundraising, service and trading fees. StartEngine also offers a $275 annual subscription that gives members bonus shares of certain startups.
Take a look at a few promising startups listed on StartEngine going into 2023:
MaxTracker is an anti-theft real-time GPS tracking technology system that can pinpoint the location of various types of personal property, including cars and bikes. MaxTracker has 420 presale orders placed for its bike GPS, adding up to over $63,000 in potential revenue.
The startup has already raised over $51,000 in its latest crowdfunding round.
Gameflip is a technology-powered gaming marketplace that enables gamers to “flip” their in-app gaming purchases and assets. As of 2021, the startup had earned over $140 million in aggregate lifetime sales on its platform.
The platform is well-positioned to tap into the $200 billion video gaming industry, achieving manifold growth in the next few years. It has over 6 million registered users and has been downloaded over 3 million times through iOS and Android stores.
Boxabl is a technology-based construction company that produces factory built modular houses. With over 39 patent filings and a $3.36 billion market valuation, Boxabl is one of the most promising startups you can invest in this year. It’s raised tens of millions collectively from the crowd and recently opened its second factory to produce its patented tiny homes.
The company has over 100,000 reservations and recently fulfilled an order from the federal government order worth $9.2 million.
See more on startup investing from Benzinga.