A necessary part of raising funds, drafting your Private Placement Memorandum, or PPM, is a process that is costly and painstaking. Whether using fund managers or attorneys, it typically runs into the thousands, and that’s money that could be better used in any startup. Saving you time, money, and from mistakes unclear to a first-time founder or CEO is what Funding Coach is about, and here’s our answer to how and why you don’t have to spend $25,000 on this.
Starting at the beginning, what is a PPM? A PPM is an offering document used by companies to get investors on board, which details what the investment opportunity is, the potential return on investment and risks, and any other legal disclosures that cover the company. Essentially, it is a document outlining everything a prospective investor needs to know before pouring any money into your venture.