Form D Alert: Fast Football $1.00 million Fundraising. Donald Yee Released Nov 4 SEC Filing

Fast Football, Inc. - Donald Yee

Fast Football Financing

Fast Football, Inc., Corporation just filed form D for $1.00 million debt financing. This is a new filing. Fast Football was able to finance itself with $500,000 so far. That is 50.00% of the round of financing. The total fundraising amount was $1.00 million. The private financing document was filed on 2016-11-04. The reason for the financing was: unspecified. The fundraising still has about $500,000 more and is not closed yet. We have to wait more to see if the offering will be fully taken.

Fast Football is based in California. The company’s business is not disclosed. The form D was filed by Donald Yee Chief Executive Officer. The company was incorporated in 2016. The filler’s address is: 725 S. Figueroa Street Suite 3090, Los Angeles, Ca, California, 90017. Donald Yee is the related person in the form and it has address: 725 S. Figueroa Street Suite 3090, Los Angeles, Ca, California, 90017. Link to Fast Football Filing: 000168554016000001.

Analysis of Fast Football Offering

On average, companies in the not disclosed sector, sell 67.77% of the total offering size. Fast Football sold 50.00% of the offering. The fundraising is still open. The average investment size for companies in all industries in our database is $3.05 million. The offering was 83.61% smaller than the average of $3.05 million. Of course this should not be taken as negative. Startups get financed for different reasons and needs. The minimum investment for this fundraising was set at $50000. 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 Fast Football Also

The Form D signed by Donald Yee might help Fast Football, 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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