Smell That Bread Financing
Smell That Bread, Llc, Limited Liability Company just released form D for $200,000 equity financing. This is a new filing. Smell That Bread was able to fundraise $160,000. That is 80.00% of the financing round. The total offering amount was $200,000. The financing form was filed on 2016-10-31. The reason for the financing was: Issuer opting to sell nothing further. The fundraising still has about $40,000 more and is not closed yet. We have to wait more to see if the offering will be fully taken.
Smell That Bread is based in Colorado. The firm’s business is Restaurants. The form was signed by Sam Gordon Member/Manager. The company was incorporated in 2014. The filler’s address is: 135 11Th Street, Steamboat Springs, Co, Colorado, 80488. Sam Gordon is the related person in the form and it has address: 135 11Th Street, Steamboat Springs, Co, Colorado, 80487. Link to Smell That Bread Filing: 000168797516000001.
Analysis of Smell That Bread Offering
On average, companies in the Restaurants sector, sell 99.00% of the total offering amount. Smell That Bread sold 80.00% of the offering. The financing is still open. The average offering size for companies in the Restaurants industry is $302,000. The offering was 47.02% smaller than the average of $302,000. Of course this should not be interpreted as negative. Firms raise funds for a variety of needs and reasons. The minimum investment for this financing is set at $20000. 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 Smell That Bread Also
The Form D signed by Sam Gordon might help Smell That Bread, 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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