Mymedia Inc., Corporation just filed form D for $382,000 equity financing. This is a new filing. Mymedia was able to fundraise $382,000. That is 100.00% of the fundraising. The total financing amount was $382,000. The financing form was filed on 2016-11-30. The reason for the financing was: unspecified.
Mymedia is based in California. The firm’s business is Other Technology. The D form was filed by John Horn Counsel. The company was incorporated in 2014. The filler’s address is: 96 Chambers St., #5, New York, Ny, New York, 10007. Stephen Haskell is the related person in the form and it has address: 96 Chambers St., #5, New York, Ny, New York, 10007. Link to Mymedia Filing: 000169124516000001.
Analysis of Mymedia Offering
On average, startups in the Other Technology sector, sell 85.80% of the total offering size. Mymedia sold 100.00% of the offering. Could this mean that the trust in Mymedia is high? The average fundraising size for companies in the Other Technology industry is $1.54 million. The offering was 75.19% smaller than the average of $1.54 million. Of course this should not be seen as negative. Businesses raise funds for different reasons and needs. The minimum investment for this financing was set at $5000. If you know more about the reasons for the financing, 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 Mymedia Also
The Form D signed by John Horn might help Mymedia 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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