Netswitch, Inc., Corporation just submitted form D because of $513,450 equity financing. This is a new filing. Netswitch was able to sell $513,450. That is 100.00% of the financing offer. The total private financing amount was $513,450. The form was filed on 2016-11-21. The reason for the financing was: unspecified.
Netswitch is based in California. The firm’s business is Other Technology. The form was filed by Lucy Goodnough Attorney for Netswitch, Inc., California Bar member. The company was incorporated more than five years ago. The filler’s address is: 400 Oyster Point Blvd. Ste. 228, South San Francisco, Ca, California, 94080. Stanley Li is the related person in the form and it has address: 271 Country Club Drive, San Francisco, Ca, California, 94132. Link to Netswitch Filing: 000169040716000001.
Analysis of Netswitch Offering
On average, startups in the Other Technology sector, sell 85.80% of the total offering size. Netswitch sold 100.00% of the offering. Could this mean that the trust in Netswitch is high? The average financing size for companies in the Other Technology industry is $1.54 million. The offering was 66.66% smaller than the average of $1.54 million. Of course this should not be taken as negative. Businesses get financed for a variety of needs and reasons. The minimum investment for this offering is set at $25000. 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 Netswitch Also
The Form D signed by Lucy Goodnough might help Netswitch, 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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