Creating an expensive and time consuming Private Placement Memorandum (PPM) stops many syndicators right in their tracks. But it doesn’t have to be that way anymore. Listen to this podcast as repeat guest Daniel Summers from eVest Technology explains in detail how Regulation D 506(c) of the JOBS Act of 2013 and the elimination of traditional PPM’s makes syndicating capital more efficient – and how his eVest syndication platform provides a faster, easier, cheaper, and scalable option for issuers to appeal to accredited investors to digitally market their deals.
Regulation D is a means for a small business to sell stock through a direct public offering (DPO). DPOs, which are private placements of stock and other such benefits and exemptions, allow small business a faster, less expensive route towards raising capital. These DPOs are the lifeblood of syndication and are generally long-term investments which help small business owners not feel stress to deliver short term expectations.
The ability to do a general solicitation is one of the major benefits of using 506(c). Before 2013 and 506(c), companies were limited in their ability to sell their securities and investments to only their network of friends and family. Reg. D has changed that. With Reg.D 506(c), the prohibition of solicitation to the general public was lifted and as a result private companies are now able to market their investments opportunities to verified accredited investors looking to invest through the power of the internet and the easy transfer of data that it provides. 506(c) eliminates the need for a PPM document as it notes that investors have “sufficient knowledge and experience” in financial and business matters to make them capable of evaluating the merits and risks of the prospective investments to make a “prudent business decision”. Read the eVest white paper for more details.
Request a demo of Mr. Summer’s white-label software platform and see for yourself how by scrapping the use of a traditional PPM, you can digitize your documents in a fraction of time and save 90% of the costs, all while still complying with Reg.D 506(C). Daniel Summers can be reached by email here or you can visit the eVest Tech website and the eVest Marketplace as well.
ABOUT OUR GUEST: Daniel Summers
Daniel Summers serves as the CEO of eVest Technology, LLC, and oversees all operations of the internal digital technology division and its real estate underwriting group. eVest Technology licenses its proprietary White Label software to clients who are in need of syndicating capital for acquisitions and/or development. eVest digitizes and automates the entire capital raising and investor management process. It eliminates the costly PPM’s and operating and subscription agreements, brings offerings to market within days not weeks, offers internalized accreditation, document execution and a robust message center allowing for massive communication instantly. Investors and Sponsors enjoy real-time CRM’s, automated dividend payments, and annualized reporting.
During his 30-plus-year career in real estate, he has been instrumental in some of the nation’s largest real estate transactions. Having spent decades interfacing with Goldman Sachs, Lehman Brothers, Deutsche Bank, CBS, Westinghouse and Bank of Boston, among others, Mr. Summers built a national reputation for integrity, honesty and transparency. During his career, he also acquired upwards of $2 Billion in Class A office and retail assets. Two of the high-profile assets acquired were the internationally known Frick Building (where Jack Reacher was filmed), and the Westinghouse Building (acquired from Michael Jordon CEO of Westinghouse). Both located in Pittsburgh, PA.
Along this journey, Daniel also owned/invested in a myriad of businesses. He was a co-investor with Mario Lemieux in the Pittsburgh Penguins, owned a Canadian drilling company, a beachfront resort and an international Adventure Racing company all the while raising his children on a horse and cattle farm in Richmond, Ohio. Bringing eVest technology to life has been his most recent passion. It’s become the most powerful syndication technology on the market today.
All information provided is for informational purposes only. Mapable USA is not a registered broker-dealer, funding portal, or investment advisor. This information presented on this website/podcast is not intended as legal or investment advice for anyone to make an investment in any particular company and is not intended for any companies to rely on this information to form an opinion to go public or not to go public or to do any type of offering of securities. Any information presented is not an offer or solicitation to purchase or sell any securities or financial products. None of the information on the Mapable USA podcast or website takes into account any individual person’s personal objectives, financial situation, needs, or particular circumstances. You must check with a securities attorney to find out if an offering is for you, or if you are going to be in the business of selling any type of securities, you need to make sure you are following your state and federal legislative law so you do not get into any troubles. Do not use the opinions as stated on this show as any way to form an opinion as what is wrong or right or what could be done for your business or as an investor. Mapable, LLC recommends you obtain your own financial, legal, and taxation advice before making any financial investment decision.