Get the PPM you need to raise capital in less than 60-minutes
Create a PPM that’s personalized to your business AND compliant with SEC Reg-D.
“My lawyer quoted me $25k and a 4 week turnaround to get the Private Placement Memorandum I need to raise capital…”
That’s a quote from a founder we talked to last week – we hear it a lot.
You know your new business needs capital, it’s the fuel you’ll use to hire amazing employees, build your new product and grow your business.
If you’re raising that capital from family, friends or angel investors a well-written Private Placement Memorandum (commonly referred to as PPM) can increase the chances of receiving your first check, and ensure your company remains compliant with SEC regulation.
The problem is…
A Private Placement Memorandum is typically a complex document with lots of legalese and a very high price tag.
Your PPM needs to include:
A summary of your private offering
A term sheet along with a description of the securities offered
The terms relevant to the offering
Your cap table with the names and equity stakes of each shareholder
Information about the capitalization of your company
The risk factors potential investors should be aware of based on your business
Bios and headshots for each of your founding team members
Details of your company history, performance, products, and goals
How your company intends to use the capital raised
A detailed description of all compensation taken by founder
Instructions for investing in the offering
An investor questionnaire
A subscription agreement
Copies of your company bylaws or operating agreement
It can be difficult to understand what a PPM should look like, and what should be included. Some content seems very standard, some is very custom. Maybe only 20 words in 1000 need to change the trouble is you aren’t sure which 20.
Imagine if getting a Private Placement Memorandum tailored to your business was fast and easy.
- No searching through confusing templates.
- No contracting expensive lawyers or business consultants.
- No waiting weeks before you can raise money.
A PPM provides the peace of mind you need to focus on your business, and your investors will love you for it.
As soon as some founders see everything that’s included in a PPM and how much it costs from a lawyer, they want to bail.
They decide to invest hours of their valuable time modifying a free template that doesn’t really fit their business. Worst of all they open themselves up to myriad of legal battles if things go wrong.
Good thing that’s not you.
You know a PPM will provide the peace of mind you need to focus on your business, and raising capital will be easier if you have one. But, wouldn’t it be nice to have a guide (and ensure your PPM is SEC compliant).
We can provide just that. Get a complete Private Placement Memorandum with everything you need to raise money AND comply with SEC Reg D requirements in 1 hour or less.
Once you receive your 1-Hour PPM, you’ll be armed with:
- Everything you need to know about what should be included for YOUR business.
- What documents to include and what you don’t need to worry about.
- The peace of mind that you did things the right way to reduce risk.
With the 1-Hour PPM you’ll get over 20 years of fundraising experience and expertise to help you save time and money.
Want your lawyer to look over your PPM before you send it to potential investors? We make it quick and easy to share an editable copy.
Don’t have a lawyer to review your PPM? No problem. We’ll connect you with an expert who can help.
As founders ourselves we know how scary it can be to have to create a PPM from scratch, especially when you know the risk to your company and it’s investors of making a critical error. That’s why we built the service we wished we had when we raised our first round and why we’ll provide the support you need as you create your own.
You could start raising capital from your network within a day…
You’ll get a complete PPM at a fraction of the cost quoted by a lawyer to create a PPM from scratch and you’ll get it in less than 1 hour. That means you can focus on finding the right investors and securing your first check rather than waiting weeks for a lawyer to send your documents.
Here’s exactly how the 1-Hour PPM works
We recommend you collect the documents outlined in the checklist below and set aside 1 hour in your calendar to complete the PPM creation wizard. Yes, you’ll have to do some work (though much much less than trying to hack a free PPM template to fit your business).
Step 1) Collect your required documents.
To ensure you get your PPM as quickly as possible, make sure you have the following company documents in hand before you get started.
- Cap Table
- Business Plan
- Recent financial statements
- Team bios & headshots
- Company bylaws/operating agreements
Step 2) Complete the 1-Hour PPM wizard
You’ll create your PPM by answering questions about your business and current fundraising activities, just like you would if you were paying a lawyer hundreds of dollars an hour.
Step 3) Review your completed PPM
Instead of waiting weeks to receive your Private Placement Memorandum, you’ll be able to provide your information in under 60-minutes and have your completed documents in less than 24 hours.
As with all legal documents it’s a good idea to have them reviewed by a lawyer. We make it fast and easy for a lawyer to review the non-templated sections of the private placement memorandum template, saving you money when you are billed hourly.
Who’s behind the 1-Hour PPM?
Nth Round is focused on making founder’s lives easier by simplifying the fundraising process. We know all too well how difficult it is to start a company. Finding the capital to do it is half the battle. On top of that, knowing how to properly issue securities is anything but simple. We’re leveraging our experience navigating the legal and regulatory minutiae to help others do the same, giving them more time and money to focus on what really matters: their business.
Beyond PPMs, we help connect founders to the right investors, and keep them happy as shareholders. Our software makes equity ownership transfers and investor relations dead simple, leaving everyone with more time to focus on what matters.
We’re always happy to chat. You can start the conversation in the chat bubble at the bottom of your screen.
Is this for you?
The 1-Hour PPM is designed to save busy founders both time and money and will work best if you:
- Have already formed your business entity.
- Have business documents available such as a business plan and financial statements.
- Plan to raise money from non-institutional investors (family, friends or angels).
Frequently asked questions
How much does the 1-Hour PPM cost? How long will it take?
We created the 1-Hour PPM to help take some of the pain out of raising capital for founders. That’s why we’re letting founders set the price they want to pay. Once you’ve created your PPM you’ll be able to choose the amount you’d like to pay based on the value you feel you received.
Completing the PPM creation wizard takes between 30 minutes and 1 hour. So if you get started right now you could have your completed PPM within 60 minutes.
I already have a lawyer. Why can’t they create my PPM?
Truth is, they probably can. But the back-and-forth involved in that process isn’t time or cost-effective when so much of the document is standard language. We don’t disagree with getting a lawyer’s opinion. In fact, we encourage it. But having a completed PPM for legal review cuts out much of the time involved.
Can you really create a PPM that includes everything my business needs automatically?
Yes! However despite the PPM wizard’s name, it’s not magic. Many of the questions you’ll be asked are multiple-choice, but some involve free-form responses and should be carefully considered.
What if I don’t have all the required documents?
No problem. We’ll let you know what’s needed before you begin each section. You can also save your progress and and pick back up where you left off when you’ve gathered the missing items.
Ready to get started?
You’ll get a PPM that’s personalized to your business AND compliant with SEC Reg-D in less than 60-minutes.