Form D of The Day: Predictionworks $260000 Fundraising. Mark Long Filed Nov 3 Form D

Predictionworks, Inc. - Mark Long

Predictionworks Financing

Predictionworks, Inc., Corporation just submitted form D for $260,000 equity financing. The date of first sale was 2016-04-01. Predictionworks was able to sell $260,000. That is 100.00% of the fundraising. The total private financing amount was $260,000. This form was filed on 2016-11-03. The reason for the financing was: Intellectual Property transferred in consideration of 4,500,000 shares of common stock..

Predictionworks is based in California. The company’s business is not disclosed. The D form was signed by Mark Long Attorney in Fact. The company was incorporated in 2016. The filler’s address is: 9919 Hibert Street, Suite B, San Diego, Ca, California, 92131. Mark Long is the related person in the form and it has address: 9919 Hibert Street, Suite B, San Diego, Ca, California, 92131. Link to Predictionworks Filing: 000167448016000002.

Analysis of Predictionworks Offering

On average, startups in the not disclosed sector, sell 67.77% of the total offering amount. Predictionworks sold 100.00% of the offering. Could this mean that the trust in Predictionworks is high? The average fundraising size for companies in all industries in our database is $3.05 million. The offering was 91.48% smaller than the average of $3.05 million. Of course this should not be seen as negative. Firms raise funds for different reasons and needs. The minimum investment for this fundraising is set at $10000. 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 Predictionworks Also

The Form D signed by Mark Long might help Predictionworks, 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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