[Video Tutorial] Due Diligence Offer Receives Invitation to Syndicate

Contains:

  • Video 1: Receiving an Invitation and Setting up an Account
  • Video 2: Navigating the Platform
  • Video 3: Updating your Profile
  • Video 4: Reviewing the Teaser Page
  • Video 5: Reviewing the Virtual Data Room
  • Video 6: Reviewing the Syndication Tab
  • Video 7: Reviewing and Signing a Selling Agreement
  • Video 8: Inviting a Registered Representative

Video 1: Receiving an Invitation and Setting up an Account

In this video, we go over receiving an invitation to review a private investment offering as a Due Diligence Officer at a selling dealer.

Steps:

  1. In your inbox, you will receive an invite from the Sponsor, Managing Broker-Dealer, or Wholesaler which grants you the ability to review the offering.
  2. By clicking the blue Review button, you will land on the Setting Up an Account Page (If you already have an account, you may skip the steps below by clicking the Sign-In button in the upper right-hand corner of the email.)
  3. To set up an account, input your first and last name, your email address, and a password. (For security reasons, we ask that you create a strong password.)
  4. After the form is complete, please click the blue Register button.
  5. In your inbox you will have a verification code. Enter this code into the field to verify your account.
  6. This will prompt you to a login page where you can enter your new account credentials and click the Sign-In button.

Video 2: Navigating the Platform

In this video we go over navigating the platform upon signing in with your new account.

Steps:

  1. Upon logging in, the preview guide boxes will navigate the menu items within the platform such as the Teaser, Virtual Data Room, Syndication, Subscriptions, and Profile tabs.
  2. The Teaser menu item is where the offering teaser can be found, then click Next.
  3. The secure Virtual Data Room menu item is where offering documents, including the Offering Memorandum and Subscription Agreement are located, click Next.
  4. The Syndication menu item is where you have the ability to review offering details, contact the Sponsor to negotiate terms, enter a selling agreement and invite representatives to the offering. Click Next.
  5. The Subscriptions menu item is where you add new subscribers, complete the subscription flow, and measure where subscribers are in the deal flow. Click Next.
  6. The Profile icon is where you can set up your profile, most importantly, this information will auto-populate into subscription agreements within the subscriber process. Click Next once done.

Video 3: Updating your Profile

In this video we go over setting up a Due Diligence Officer’s profile at a selling dealer.

Steps:

  1. From the Teaser page, in the upper right-hand corner, click on the grey Profile icon. (The information is important for expediting and completing later actions, particularly when it comes to signing selling arrangements and subscribing investors.)
  2. From the drop-down, click on Profile.
  3. Click the Edit button in the upper left-hand corner to input your information in the required fields.
    • Here, you can fill out your full legal name, office address, unit/suite, city, postal code, phone number, fax number, and your central registration depository (CRD) number.
  4. If there are additional personnel assisting with your review process, use plus sign labeled Add Admin Assistant Information to provide his/her contact information.
  5. Once you’re done, click Save in the upper left-hand corner.
  6. To arrive at the dashboard page, click Home, next to the Profile icon in the upper right-hand corner of the page.

Video 4: Reviewing the Teaser Page

In this video we review the Teaser menu item and the information that can found here.

Steps:

  1. Click on the Teaser menu item underneath the offering name and tagline.
  2. The Teaser is a marketing tool for Sponsors and Managing Broker-Dealers (MBDs) and it includes the broad offering details.
  3. As you scroll past the offering image and cover photo, the Teaser page includes the offering type, investment type, and minimum investment size.
  4. Our platform supports several types of offerings including Regulation D 506(b) and Regulation D 506(c).
  5. To the right is the minimum investment, it is important to note that some MBDs and Sponsors will sometimes accept investments lower than the minimum requirement, however they also can reject any investment offers made.

Video 5: Reviewing the Virtual Data Room

In this video we review the Virtual Data Room menu item from the Due Diligence Officer’s standpoint.

Steps:

  1. Click on the Virtual Data Room menu item underneath the offering name and tagline.
  2. Due Diligence Officers can come here to download documents that are necessary to review the offering.
  3. This page holds documents that are important to review such as Offering Memorandum, Subscription Agreement, Pitch-Deck, One-Page Teaser, etc.
  4. Other documents that may be included in the VDR are Strategic Market Analysis, Charter Documents, Intellectual Property Documents, General Strategy, and Financial Statements.
  5. It is important to note that these documents are confidential and should not be shared with anyone other than the subscriber and their legal counsel
  6. All downloaded documents in the VDR are time stamped and watermarked at the point of download.
  7. In the application, you can see when the document was created and when you downloaded it.
  8. Here you may select the documents you want to download individually by clicking on the square checkbox to the left of the document, or select them all by clicking on the checkbox to the left of the subheader Title.
  9. This will highlight all the documents and allow you to click on the blue Download button in the bottom left side of the page.
  10. After clicking the Download button, a zip file will be placed in the downloads folder of your computer.
  11. By double clicking on the zip file, a folder containing PDF versions of the documents you downloaded will rest in a seperate folder in your downloads folder.

Video 6: Reviewing the Syndication Tab

In this video we review the functionality of the Syndication menu item.

Steps:

  1. Click Syndication menu tab underneath the offering name and tagline.
  2. This page provides a recap of the offer details include the Offering Type, Exemption Type, Offering End Date, Target Raise, and Minimum Subscription per Investor.
  3. Scroll down to see the subheader Terms.
  4. Here you can review the proposed Placement Fee, Due Diligence Fee, Marketing Fee, and Subscriber Discount set forth by the Sponsor or MBD.
  5. After reviewing the terms, if you are interested in negotiating the terms of the offer, you can click the Request to be Contacted button and the MBD or Sponsor will be notified that you’re interested in speaking with them.
  6. If you are happy with the terms outlined, you may click the blue highlighted button Review and Sign.
  7. The next video will explain how to sign a selling agreement.

Video 7: Reviewing and Signing a Selling Agreement

In this video we review how to sign a selling agreement as a Due Diligence Officer.

Steps:

  1. In the Syndication menu item, click the blue highlighted Review and Sign button.
  2. This will load the electronic selling agreement. (This tool is compliant with both the Global and National Commerce Act and Uniform Electronic Transactions Act.)
  3. Read and review the entire selling agreement.
  4. On the second to last page of the document, there will be a rectangle with a red asterisk labeled Click to Sign.
  5. By clicking on the rectangle, you will now see that you have four ways to sign the document. You can Draw it in, Type it in, Insert an Image, or Use a Smartphone to execute a signature.
    • Under Draw it in, you can draw your signature and click the Insert button.
    • If you click on Type it in on the left hand side, you can click inside the populated signature and use your keyboard to make any changes. The first and last name associated with your profile will auto populate in this box.
    • By clicking the Upload an Image button on the left, you have the option to upload an image of your signature.
    • Lastly, you can use a smartphone by clicking Use Smartphone and following the instructions outlined in the section.

Video 8: Inviting a Registered Representative

In this video we review how a Due Diligence Officer can invite a Registered Representative (RR) to an offering.

Steps:

  1. After the MBD or Sponsor countersigns the selling agreement, the agreement becomes active and Due Diligence Officers (DDOs) are welcome to invite RRs to an offering.
  2. In the Syndication menu item, click Invite Reps/Advisors subtab on the left hand side.
  3. You will be prompted to an email invite page.
  4. Here you can input RR emails that you want to invite to an offering and click Invite.
  5. In order to upload multiple RRs into the offering, simply separate their email address with a comma after each email address and click Invite.
  6. Once RRs have been invited, you can monitor the date the invite was sent and the status of the RR.

Thank you for watching!