Drop Direct, LLC
Drop Direct, LLC is a venture capital fund based in New York City. According to its most recent Form D, filed Jan 14, 2020, it has sold $667,000 of interests to 2 investors since its first sale in Mar 2019. The minimum investment it accepts from an outside investor is $100,000. It relies on the Section 3(c)(1) exclusion, which limits it to 100 beneficial owners, typically accredited investors. The offering uses Rule 506(b), which does not permit general solicitation. Related persons named in the filing include LLC HOF Capital Management.
- Total raised
- $667,000Cumulative sales reported on Form D
- Investors
- 2
- First sale
- Mar 7, 2019
- Minimum investment
- $100,000
- Who can invest
- Accredited investorsSection 3(c)(1): up to 100 beneficial owners
- Offering exemption
- Rule 506(b)No general advertising
- Key people and entities
- LLC HOF Capital Management
- Latest Form D
- Jan 14, 2020
From SEC filings, not verified. This page republishes the fund's Form D as filed. It is not an offer, solicitation or recommendation, and AltMountain has not reviewed the fund. “Raised” is cumulative sales, not current assets or performance. Returns are not part of SEC filings. Private funds are speculative, illiquid and generally limited to accredited investors or qualified purchasers. Full disclosures · Request a correction
Questions about Drop Direct, LLC
What is the minimum investment for Drop Direct, LLC?
According to its latest Form D, filed Jan 14, 2020, the minimum investment Drop Direct, LLC accepts from an outside investor is $100,000.
Who can invest in Drop Direct, LLC?
Drop Direct, LLC is generally open only to accredited investors, and it may have no more than 100 beneficial owners because it relies on Section 3(c)(1). It uses Rule 506(b), which does not allow general advertising.
How much has Drop Direct, LLC raised?
Drop Direct, LLC reports $667,000 sold from 2 investors on its Form D filed Jan 14, 2020. This is cumulative sales since the offering began, not current assets or performance.
Where is Drop Direct, LLC based?
Drop Direct, LLC is based in New York City.
When did Drop Direct, LLC launch?
Drop Direct, LLC reports its first sale in Mar 2019.