Form D Worth Watching: Hustle $3.00 million Fundraising. Robert Lindsay Published Nov 7 D form

Hustle, Inc. - Robert Lindsay

Hustle Financing

Hustle, Inc., Corporation just released form D about $3.00 million equity financing. This is a new filing. Hustle was able to fundraise $2.95 million. That is 98.33% of the financing offer. The total offering amount was $3.00 million. The fundraising form was filed on 2016-11-07. The reason for the financing was: unspecified. The fundraising still has about $50,005 more and is not closed yet. We have to wait more to see if the offering will be fully taken.

Hustle is based in California. The filler’s business is not disclosed. The D form was filed by Robert Lindsay Chief Executive Officer. The company was incorporated in 2014. The filler’s address is: 251 Kearny St., Suite 300, San Francisco, Ca, California, 94108. Robert T. Lindsay is the related person in the form and it has address: 251 Kearny St., Suite 300, San Francisco, Ca, California, 94108. Link to Hustle Filing: 000168886816000001.

Analysis of Hustle Offering

On average, companies in the not disclosed sector, sell 67.77% of the total offering amount. Hustle sold 98.33% of the offering. The financing is still open. Could this mean that the trust in Hustle is high? The average offering amount for companies in all industries in our database is $3.05 million. The offering was 3.28% smaller than the average of $3.05 million. Of course this should not be seen as negative. Firms get financed for different reasons and needs. The minimum investment for this offering 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 Hustle Also

The Form D signed by Robert Lindsay might help Hustle, 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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