G3 Yucca Financing
G3 Yucca Llc, Limited Liability Company just submitted form D about $200,000 equity financing. This is a new filing. G3 Yucca was able to sell $125,000 so far. That is 62.50% of the offering. The total fundraising amount was $200,000. The financing form was filed on 2016-10-17. The reason for the financing was: unspecified. The fundraising still has about $75,000 more and is not closed yet. We have to wait more to see if the offering will be fully taken.
G3 Yucca is based in California. The firm’s business is Restaurants. The form was signed by Peter R Hurm Attorney of Record. The company was incorporated in 2016. The filler’s address is: 6363 Yucca Street, Hollywood, Ca, California, 90028. Good Greek Group, Inc. is the related person in the form and it has address: 1820 N. Vermont Avenue, Los Angeles, Ca, California, 90027. Link to G3 Yucca Filing: 000168755616000001.
Analysis of G3 Yucca Offering
On average, startups in the Restaurants sector, sell 99.00% of the total offering size. G3 Yucca sold 62.50% of the offering. The financing is still open. The average offering size for companies in the Restaurants industry is $302,000. The offering was 58.61% smaller than the average of $302,000. Of course this should not be taken as negative. Startups raise funds for a variety of reasons and needs. The minimum investment for this financing was set at $5000. 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 G3 Yucca Also
The Form D signed by Peter R Hurm might help G3 Yucca Llc’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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