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Old 06-27-2007, 10:56 PM   #1 (permalink)
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Location: Atlanta
Can anyone do a PPM Fast?

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.
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Old 06-28-2007, 10:51 AM   #2 (permalink)
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As you have seen most of the firms out there purport to being able to raise capital after grosly overcharging you for writing a PPM. The best way to go about it is to either get the required disclosures and put it together yourself, and have it reviewed by an attorney. Total cost will be a few thousand.

If you dont have access to the disclosures, give your business plan to a securities attorney...normally, that will run you about 10k. The PPM will still need to be blue sky'd.

A PPM is really nothing more than required disclosures (including risk factors), use of proceeds, capitalization, dillution, exit, and projections. Point being, most of it is boiler plate with the "meat" coming from your business plan.

I'd have a securities attorney do it for you. Raising the capital is the hard part and the firms that have the ability to get you funding will take ~40 percent off the top.

Good luck
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Old 06-28-2007, 11:21 AM   #3 (permalink)
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We'd recommend www.incredia.com, based in Indianapolis, Indiana. Ask to speak to Mike.

They are a great company. We have dealt with them in the past, and will do so again in case we need another PPM.

Check them out and contact them, tell them the people at Tip-Mart Inc. send you to them. We don't get anything from them for referring to them.
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Last edited by usakos; 06-28-2007 at 12:17 PM.
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