Yourgiving, Inc., Corporation just released form D regarding $415,000 equity financing. This is a new filing. Yourgiving was able to finance itself with $415,000. That is 100.00% of the fundraising. The total private financing amount was $415,000. The financing form was filed on 2016-10-05. The reason for the financing was: unspecified.
Yourgiving is based in California. The filler’s business is Other Technology. The form D was submitted by Dean Sweetman CEO. The company was incorporated in 2015. The filler’s address is: 4319 Russell Ave, Los Angeles, Ca, California, 90027. Dean Sweetman is the related person in the form and it has address: 4319 Russell Ave., Los Angeles, Ca, California, 90027. Link to Yourgiving Filing: 000164518216000003.
Analysis of Yourgiving Offering
On average, startups in the Other Technology sector, sell 85.80% of the total offering amount. Yourgiving sold 100.00% of the offering. Could this mean that the trust in Yourgiving is high? The average fundraising amount for companies in the Other Technology industry is $1.54 million. The offering was 73.05% smaller than the average of $1.54 million. Of course this should not be interpreted as negative. Businesses get financed for different reasons and needs. The minimum investment for this fundraising is set at $1. If you know more about the reasons for the fundraising, please comment below.
What is Form D? What It Is Used For
Form D disclosures could be used to track and understand better your competitors. The information in Form D is usually highly confidential for ventures and startups and they don’t like revealing it. This is because it reveals amount raised or planned to be raised as well as reasons for the financing. This could help competitors. Entrepreneurs usually want to keep their financing a ‘secret’ so they can stay in stealth mode for longer.
Why Fundraising Reporting Is Good For Yourgiving Also
The Form D signed by Dean Sweetman might help Yourgiving, Inc.’s sector. First, it helps potential customers feel more safe to deal with a firm that is well financed. The odds are higher that it will stay in the business. Second, this could attract other investors such as venture-capital firms, funds and angels. Third, positive PR effects could even bring leasing firms and venture lenders.
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