Can anyone do a PPM Fast?

[sarahwhite]

My company has just finished being raped by two firms in Atlanta. One a networking group and the other a capitalization group that are supposed to help growing companies raise capital. We shelled out close to $50,000 to these two groups and have been strung along for 6 months on "why this isn't completed"; "we need to do this or that" etc. and we are fed up. Out of it all the first firm at least has introduced us to Angels and VC's that are interested and very serious about investing in our company. However, the 2nd firm (which we were sent to by the 1st firm) was supposed to actually handle the capitalization structure, offering, and prepare the investment docs. As you've probably guessed we paid for this upfront and we still do not have a ppm. We have our own CFO now (because we paid to get our numbers done once, and they gave me a sorry excuse about why we needed new numbers) and have done all the prep work ourselves internally! In the meantime, we have been experiencing rapid growth and trying to keep up with growth issues! I don't want to engage another company to prepare the docs unless they are recommended by another entrepreneur. Does any one know of a reputable group to prepare a ppm expediently and introduce our project to additional investors? We have everything ready.

[akula]

Sorry to hear about the rape

Ok..I'm posting some links - these Atlanta firms have experience with vc transactions for tech companies

Morris, Manning & Martin
http://www.mmmlaw.com/pressreleases/press_299.pdf

Hunton & Williams LLP - Sponsors of http://www.tagonline.org
http://www.hunton.com/practices/prac...px?gr_H4ID=949

Directory: http://www.lawyers.com/Venture-Capit...law-firms.html

Angel groups for referals:
http://www.seraphgroup.net
http://www.angelatlanta.com

[harrymcwealth]

Ouch! Rookie's mistake?

[akula]

sadly..and i'm not being judgmental, it is

it takes a slap in the face to understand these "help growing companies raise capital" scams

which is why i support National Instrument 31-103

....the bottom line appears to be this: under the proposed rule, angel managers, financial advisors and anyone else who is in the business of advising others on the buying or selling of securities will be required to register with the securities commissions as a dealer

also, Using Finders to Raise Funds: the Securities Laws Issues and particularly; The Search for Venture Capital: Beware of “Finders” Operating As Unregistered Broker-Dealers

[akula]

for other examples of how finders screw things up, see:

My Funding Nightmare
http://www.startupjunkies.org/forums...opic.php?t=886

Are you insane?
http://www.startupjunkies.org/forums...opic.php?t=984

Venture Capital Up-front Fee Scams
http://www.startupjunkies.org/forums...pic.php?t=1124

[incredia]

For future reference we prepare PPM's fast. You can order online at ppmfast dot com. We sell templates, do business plans and custom memoranda. We have been in business for 6 years and have an excellent reputation. You can review our credentials on our website. We are accredited by the BBB.

Thanks,
Mike

[incredia]

I wanted to update my prior post. Our company has opened a newer version of our old website (PPM_Fast). Our newest version is called Reg D Fast (regdfast.com) and it includes all the general PPM templates, but it also includes a comprehensive Real Estate PPM, stock warrants, term sheets and a social network of industry professionals.

It is hands-down a better site, with much more content and interactivity.

Cheers,
Mike Stapleton
(214) 295-6364, ext. 13

• PPM Template
• PPM Templates
• Private Placement Template
• Offering Memorandum
• Raising Private Capital with a PPM

[Hendrex]

My company has just finished being raped by two firms in Atlanta. One a networking group and the other a capitalization group that are supposed to help growing companies raise capital. We shelled out close to $50,000 to these two groups and have been strung along for 6 months on "why this isn't completed"; "we need to do this or that" etc. and we are fed up. Out of it all the first firm at least has introduced us to Angels and VC's that are interested and very serious about investing in our company. However, the 2nd firm (which we were sent to by the 1st firm) was supposed to actually handle the capitalization structure, offering, and prepare the investment docs. As you've probably guessed we paid for this upfront and we still do not have a ppm. We have our own CFO now (because we paid to get our numbers done once, and they gave me a sorry excuse about why we needed new numbers) and have done all the prep work ourselves internally! In the meantimeck, we have been experiencing rapid growth and trying to keep up with growth issues! I don't want to engage another company to prepare the docs unless they are recommended by another entrepreneur. Does any one know of a reputable group to prepare a ppm expediently and introduce our project to additional investors? We have everything ready.

I am a young entreprenuer who started regdfast. If you have everything ready we can turn it around in 5 days. Call 888-318-7843 option 2.

Best of Luck

Mike
Principle
Reg D Fast

[Parvaze]

Mike - The original post is from 2007 so you unlikely to get a response. I will also echo what Akula states above, never, ever, pay up front for anything to do with fundraising!