Form D On Watch: Dealflicks $805000 Financing. Sean Wycliffe Submitted Nov 2 SEC Form

Dealflicks, Inc. - Sean Wycliffe

Dealflicks Financing

Dealflicks, Inc., Corporation just submitted form D regarding $805,000 debt financing. This is a new filing. Dealflicks was able to fundraise $805,000. That is 100.00% of the fundraising. The total offering amount was $805,000. This form was filed on 2016-11-02. The reason for the financing was: unspecified.

Dealflicks is based in Alabama. The company’s business is not disclosed. The SEC form was submitted 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: 000168613916000006.

Analysis of Dealflicks Offering

On average, startups in the not disclosed sector, sell 67.77% of the total offering amount. Dealflicks sold 100.00% of the offering. Could this mean that the trust in Dealflicks is high? The average fundraising size for companies in all industries in our database is $3.05 million. The offering was 73.61% smaller than the average of $3.05 million. Of course this should not be taken as negative. Firms raise funds for a variety of needs and reasons. The minimum investment for this fundraising was set at $0. 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 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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