FlashFund 11, LLC is a venture capital fund based in Sherman Oaks, California. According to its most recent Form D, filed Mar 10, 2016, it has sold $1,000 of interests to 1 investor since its first sale in Feb 2016. The minimum investment it accepts from an outside investor is $1,000. It relies on the Section 3(c)(1) exclusion, which limits it to 100 beneficial owners, typically accredited investors. The offering uses Rule 506(c), which permits general advertising to investors verified as accredited. Related persons named in the filing include Gil Klier; Initiate Advisors.
- Total raised
- $1,000Cumulative sales reported on Form D
- Investors
- 1
- First sale
- Feb 23, 2016
- Minimum investment
- $1,000
- Who can invest
- Accredited investorsSection 3(c)(1): up to 100 beneficial owners
- Offering exemption
- Rule 506(c)May advertise; investors must be verified as accredited
- Key people and entities
- Gil Klier; Initiate Advisors
- Latest Form D
- Mar 10, 2016
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 FlashFund 11, LLC
What is the minimum investment for FlashFund 11, LLC?
According to its latest Form D, filed Mar 10, 2016, the minimum investment FlashFund 11, LLC accepts from an outside investor is $1,000.
Who can invest in FlashFund 11, LLC?
FlashFund 11, 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(c), so it may advertise, but every investor must be verified as accredited.
How much has FlashFund 11, LLC raised?
FlashFund 11, LLC reports $1,000 sold from 1 investor on its Form D filed Mar 10, 2016. This is cumulative sales since the offering began, not current assets or performance.
Where is FlashFund 11, LLC based?
FlashFund 11, LLC is based in Sherman Oaks, California.
When did FlashFund 11, LLC launch?
FlashFund 11, LLC reports its first sale in Feb 2016.
Size compared with every venture capital fund
Raised more than 39% of the 2,199 venture capital funds based in California, and more than 0% of all 14,768 that report sales.