After reviewing the long list of our accomplishments on our TransparentBusiness.com website, some prospective investors ask us, “If you are making so much progress, what do you need additional funding for?”
The short answer is that Internet business is a race. In most categories, “the winner takes it all”. There’s Google and no other search engine worth mentioning. Facebook and no similar social network. Salesforce and no other major CRM company. And so on. We too must move fast to achieve dominance in our categories before strong competition develops.
The speed of business development greatly depends on resources of the company. What takes a small company years to accomplish, can be done within weeks with adequate funding. To use a medieval analogy, you’d have no chance of taking a castle with just a few of soldiers; you’d have to lay a long siege with “just enough” troops, but the greeting committee would be waiting for you outside the open gates if you come with a large enough army.
It took us two years to convince legislators in 32 states to introduce bills which seek to make transparent verification of billable hours mandatory; with proper funding such laws would have been passed in various states within a year; just see how Uber changed the regulation in every jurisdiction which mattered, worldwide.
Yes, we’ve accomplished much on a minuscule budge, but with proper funding we would have already made TransparentBusiness synonymous with the categories of business transparency and remote work management.
The objectives of the current ten-million-dollar round are
– to facilitate passage of our transparency bills into laws in initial states;
– to increase brand recognition of TransparentBusiness;
– to land major accounts and boost our revenues.
Upon accomplishing these objectives, we plan to raise a small bridge round of fifteen million dollars at five dollars a share, in order to make transparent verification of billable hours the new standard of public procurement.
We then plan two institutional rounds, of 50 and 250 million dollars, in 2020 and 2021 respectively, to be ready for the IPO in 2022.
If we succeed in reaching the objectives outlined at our TransparentBusiness.com/invest page, your return on investment would exceed 120,000%. Our existing investors include financial current and former executives of Morgan Stanley, Merrill Lynch, J.P. Morgan, Stifel, Bank of America, Barclays Global Investors, UBS, Wells Fargo, Goldman Sachs, Citigroup, Deutsche Bank and Accenture who bet their money on success of TransparentBusiness.
This opportunity is limited and this round may end at any moment with a single investor purchasing the remainder of the allocated shares.