Autoavail, Inc., Corporation just had published form D regarding $7,298 equity financing. This is a new filing. Autoavail was able to finance itself with $7,298. That is 100.00% of the fundraising offer. The total fundraising amount was $7,298. The financing form was filed on 2016-07-12. The reason for the financing was: unspecified.
Autoavail is based in California. The company’s business is not disclosed. The form was filed by Joseph Gillman Director. The company was incorporated in 2016. The filler’s address is: 51-328 Kamehameha Hwy, Kaaawa, Hi, Hawaii, 96730. Steven Yarbrough is the related person in the form and it has address: 51-328 Kamehameha Hwy, Kaaawa, Hi, Hawaii, 96730. Link to Autoavail Filing: 000167851716000001.
Analysis of Autoavail Offering
On average, startups in the not disclosed sector, sell 67.77% of the total offering amount. Autoavail sold 100.00% of the offering. Could this mean that the trust in Autoavail is high? The average investment size for companies in all industries in our database is $3.05 million. The offering was 99.76% smaller than the average of $3.05 million. Of course this should not be seen as negative. Businesses get financed for different needs and reasons. The minimum investment for this offering was set at $0. If you know more about the reasons for the financing, 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 Autoavail Also
The Form D signed by Joseph Gillman might help Autoavail, 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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