Manservants, Inc., Corporation just filed form D regarding $60,000 equity financing. This is a new filing. Manservants was able to finance itself with $60,000. That is 100.00% of the offering. The total private offering amount was $60,000. The private financing document was filed on 2016-09-19. The reason for the financing was: unspecified.
Manservants is based in California. The filler’s business is not disclosed. The form D was submitted by Josephine Wai Lin CEO. The company was incorporated in 2014. The filler’s address is: 2430 33Rd Avenue, San Francisco, Ca, California, 94116. Josephine Wai Lin is the related person in the form and it has address: 2430 33Rd Avenue, San Francisco, Ca, California, 94116. Link to Manservants Filing: 000159140816000030.
Analysis of Manservants Offering
On average, firms in the not disclosed sector, sell 67.77% of the total offering amount. Manservants sold 100.00% of the offering. Could this mean that the trust in Manservants is high? The average investment size for companies in all industries in our database is $3.05 million. The offering was 98.03% smaller than the average of $3.05 million. Of course this should not be seen as negative. Companies get financed for a variety of reasons and needs. The minimum investment for this financing 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 Manservants Also
The Form D signed by Josephine Wai Lin might help Manservants, 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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