Goshare, Inc., Corporation just had published form D announcing $1.25 million debt financing. The date of first sale was 2016-05-23. Goshare was able to sell $822,500 so far. That is 65.80% of the financing offer. The total fundraising amount was $1.25 million. This form was filed on 2016-10-18. The reason for the financing was: unspecified. The fundraising still has about $427,500 more and is not closed yet. We have to wait more to see if the offering will be fully taken.
Goshare is based in California. The company’s business is not disclosed. The form was filed by Shaun Savage Chief Executive Officer. The company was incorporated in 2015. The filler’s address is: 101 W. Broadway, Suite 200, San Diego, Ca, California, 92101. Shaun Savage is the related person in the form and it has address: C/O Goshare, Inc., 101 W. Broadway, Suite 200, San Diego, Ca, California, 92101. Link to Goshare Filing: 000167636416000002.
Analysis of Goshare Offering
On average, startups in the not disclosed sector, sell 67.77% of the total offering size. Goshare sold 65.80% of the offering. The financing is still open. The average fundraising size for companies in all industries in our database is $3.05 million. The offering was 73.03% smaller than the average of $3.05 million. Of course this should not be seen as negative. Businesses raise funds for different needs and reasons. The minimum investment for this fundraising is 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 Goshare Also
The Form D signed by Shaun Savage might help Goshare, 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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