Follow The Form D: Dealflicks $2.00 million Financing. Sean Wycliffe Published Nov 2 SEC Form

Dealflicks, Inc. - Sean Wycliffe

Dealflicks Financing

Dealflicks, Inc., Corporation just had published form D announcing $2.00 million debt financing. This is a new filing. Dealflicks was able to sell $2.00 million. That is 100.00% of the fundraising. The total fundraising amount was $2.00 million. The financing document was filed on 2016-11-02. The reason for the financing was: Issuer paid WeFunder Advisors, LLC fees to cover operating costs of the fund..

Dealflicks is based in Massachusetts. The filler’s business is not disclosed. The form D was signed by Sean Wycliffe Chief Executive Officer. The company was incorporated in 2011. The filler’s address is: 1355 Market Street, #488, San Francisco, Ca, California, 94103. Sean Wycliffe is the related person in the form and it has address: 1355 Market Street, #488, San Francisco, Ca, California, 94103. Link to Dealflicks Filing: 000168613916000005.

Analysis of Dealflicks Offering

On average, companies in the not disclosed sector, sell 67.77% of the total offering size. Dealflicks sold 100.00% of the offering. Could this mean that the trust in Dealflicks is high? The average investment floor size for companies in all industries in our database is $3.05 million. The offering was 34.43% 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 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 Dealflicks Also

The Form D signed by Sean Wycliffe might help Dealflicks, 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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