Ascend CapVentures, founded by Will Basta and Jeremy Leung, is a logistics company that offers a convenient and comprehensive service. Their expertise is helping individuals diversify their businesses through wholesale distribution services and managing e-commerce platforms like Amazon and Walmart.
With Ascend CapVentures, you can effortlessly enter the e-commerce market without any hassle. All you need to do is provide the capital while they handle the construction and operation of your Amazon or Walmart business.
According to Oberlo’s research, in 2022, there are approximately 2.3 billion online shoppers worldwide, accounting for around 30% of the global population. This highlights the massive potential within the e-commerce industry.
E-commerce is considered by some to be a good and safe investment if done right.
Roughly 80% to 90% of eCommerce ventures without experience in the sector were unsuccessful, resulting in a success rate below 20%. Can Ascend assist you in achieving success despite these challenging odds?
This article will review Ascend’s process and see if they have happy clients and high success rates.
Ascend CapVentures boasts a 93% success rate with every store they set up and maintain. By working with them, the odds of success are virtually guaranteed.
This method guarantees a steady income without the complexities of managing inventory, shipping products, or maintaining an online store. It’s a straightforward and highly lucrative option.
Pros and Cons of Ascend CapVentures
Pros:
- Ready-made solution: Ascend CapVentures provides a fully prepared service where you only need working capital.
- Strong online reputation: It is one of the leading eCommerce automation companies on the internet.
- Positive reviews: Ascend CapVentures has received excellent client feedback and testimonials.
- US-based warehouse facilities: They have their own logistics centers and offices located in California, Michigan, Texas, Florida, and New York.
- Guarantees: Customers are guaranteed to make sales and hit ROI targets; if not, Ascend CapVentures will repurchase the store from you.
Considerations:
- Requires some working capital
- Not an overnight return: You must wait 90-120 days before your store generates its first sales.
- Not a mentorship: Will and Jeremy will not provide direct mentorship while their team sets up and runs your eCommerce business.
Refund Policy
Ascend CapVentures offers a buyback option for your stores if they haven’t generated any sales within two years.
Establishment
Ascend Cap Ventures was founded in 2020.
Reputation
Forbes, Yahoo, Maxim, Business Insider, and MarketWatch have all featured Ascend CapVentures, Will Basta, and Jeremy Leung.
5 Key Factors to Consider When Investing in Ascend CapVentures
1. Personal Amazon Seller Account
It can be advantageous whether or not you have a personal Amazon Seller account. A send CapVentures will upgrade it to a professional version, provided no suspensions or other issues may hinder its operation. They will create one for you if you don’t have an account yet.
2. Investment Requirement
For Ascend CapVentures, the minimum investment required is $35,000 for your working capital. You may inquire about your ability to invest this amount within three to six months. They offer various options such as Ascend 360 for startup costs ranging from $35,000 to $100,000 and Ascend Enterprise for working capital amounts exceeding $100,000. You can schedule a free consultation to obtain detailed information on these options and more.
3. Sales Timeline
You can typically expect to start generating sales within 90 to 120 days of partnering with Ascend CapVentures. It’s important to note that individual results may vary, but this timeline is based on their experience working with diverse clients.
Services Provided by Ascend CapVentures
Smooth Onboarding Process
Ascend CapVentures assists you throughout onboarding by helping establish your LLC, obtaining tax exemptions, and acquiring a credit line. Depending on the package and store type you choose, they aim to have stores up and running within 2 to 8 weeks.
Comprehensive E-Commerce Management Services
Once onboarded, Ascend CapVentures takes care of all the necessary work for you.
They handle a range of services, including brand licensing, product sourcing, managing customer reviews, and assisting with annual tax returns. You can monitor store performance in real-time and approve invoices.
Guaranteed Buy Back Option
Ascend CapVentures is committed to its client’s success. If wholesale products fail to sell within 90 days, they offer a buyback option. In cases where clients do not generate a profit, including setup costs, Ascend CapVentures will repurchase the store and ensure that the client is successful.
Dedicated Team and Round-The-Clock Support
Ascend CapVentures views its clients as partners and provides constant communication channels.
They assign more than four client relations managers to each account. This ensures seamless service delivery and grants access to Ascend CapVenture’s corporate Slack channel.
Innovative Sourcing and Fulfillment Strategies
Ascend CapVentures employs an advanced infrastructure that combines various sourcing models. These include wholesale purchasing, arbitrage techniques, private label arrangements, and direct-to-customer (FBM) hybrid approaches. This comprehensive strategy promotes store growth, scalability, and increased value.
Extensive Network of Exclusive Licensing Partners
Through Ascend CapVenture’s vast network of brands, manufacturers, and suppliers, you can immediately access exclusive brands they have secured over many years in the e-commerce industry.
Ascend CapVentures Process
- Step 1: Consultation with Experts. You have the opportunity to schedule a complimentary consultation with Ascend CapVentures. Once approved, you can choose a package to get started. After completing the payment to establish your business with Ascend, they will handle the remaining steps.
- Step 2: Smooth Onboarding. No experience with seller platforms, business development, LLCs, or paperwork is required. The team at Ascend CapVentures will guide you through a streamlined onboarding process and provide support at every stage. Clients often find this experience straightforward and enjoyable.
- Step 3: Efficient Store Building. In as little as two weeks, you’ll have your eCommerce store on the world’s largest platform and be ready to start selling. A send CapVentures utilizes its proprietary software, AI technology.
- Step 4: Store Growth & Sales Performance. Ascend CapVentures takes care of scaling your store and sourcing products for you. They offer various fulfillment models, including wholesale FBA (Fulfillment by Amazon), private label options, and FBM (Fulfillment by Merchant). You can easily track sales and profits in real time using Amazon Seller, a
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Ascend CapVentures offers various fulfillment models for your e-commerce business. These models include wholesaling directly to manufacturers, a hybrid model involving fulfillment by merchant (FBM), and the option to create your private label brand.
Now, let’s talk about Will Basta
He is a successful entrepreneur and one of the co-founders of Ascend CapVentures.
Basta possesses extensive knowledge in technology, e-commerce, and business strategy. Will has driven growth and fostered innovation for multiple companies.
His expertise has garnered recognition from prestigious publications such as Forbes, Business Insider, and Entrepreneur Magazine.
As the Chief Revenue Officer (CRO) at Ascend CapVentures, Will spearheads the company’s strategic endeavors. With over a decade of experience in the tech industry, he brings a seasoned and strategic approach to foster Ascend’s growth. Additionally, Will Basta is an investor in various sectors like hospitality and clean water.
He holds a multimillion-dollar portfolio in real estate in Venice, California.
Will’s diverse background and leadership skills significantly contribute to Ascend CapVenture’s success. Driven by his passion for innovation and entrepreneurial accomplishments, Will Basta is pivotal in positioning Ascend CapVentures as an industry leader in technology, e-commerce, brand development, and logistics.
Who is Jeremy Leung?
Jeremy Leung is one of the co-founders and holds the Chief Operating Officer (COO) position at Ascend CapVentures.
An MBA education and more than ten years of experience in the e-commerce and logistics fields make him a valuable asset to the company. Jeremy has previously worked for renowned international agencies, where he gained invaluable insights and knowledge within the industry. In 2019, he joined Cettire.
A company specializing in global drop shipping luxury clothing, further expanding his expertise. C Tire debuted on the Australian Stock Exchange in late 2020, establishing itself as one of the largest online retailers in Australia.
After completing his MBA at the University of Michigan, Jeremy ventured into entrepreneurship and joined forces with his friend Will to establish Ascend CapVentures. Their primary focus is on the e-commerce industry, utilizing Jeremy’s expertise and qualifications to drive the company’s success.
Do clients find success with Ascend CapVentures?
According to online reviews, many clients have succeeded by entrusting their e-commerce stores to Ascend CapVentures.
Positive feedback
Ascend proudly boasts an impressive 90% 5-star rating online.
Amongst 112 reviews received, they have garnered positive feedback from 90 satisfied clients. These clients describe Ascend CapVentures as a game changer, impressive, and trustworthy partner.
Is Ascend CapVentures trustworthy?
Ascend CapVentures is a legitimate eCommerce automation company. They have a proven track record of assisting more than 700 clients and are recognized as one of the leading e-commerce automation companies in 2023. What sets them apart from other companies in the industry is their ownership of logistics and warehouse facilities.
They have prep centers in Texas, Florida, New York and Michigan. With a team comprising over 100 members based in the US and an additional 400+ teammates, Ascend CapVentures has firmly established itself. More, after serving clients for three years, they boast a trust rating of 4.5 stars.
(Another thing to note is that USA Today reviewed Ascend CapVentures and concluded that they are legit and trustworthy.)
Alternatives to Ascend CapVentures
An alternative to working with Ascend CapVentures would be doing the whole e-commerce process yourself. This would include setting up online stores with Amazon and Walmart, sourcing products, and conducting product research.
If starting an e-commerce endeavor yourself, you must also market the products and maintain all your store’s logistical and technical operations online.
Ascend CapVentures offers people the chance to reap the rewards of investing in e-commerce and launching a profitable online e-commerce business without managing or maintaining the store.
Those looking for a second source of income and having money to invest in the process will benefit from working with Ascend.
While their service is excellent, consumers should know that it is not overnight profit, and the process requires some working capital. However, eCommerce, Amazon, and Walmart automation is usually a great opportunity when done right.
