For example, early investors in Amazon saw their investment grow over TEN MILLION PERCENT and a high-school drop-out made over FIVE HUNDRED MILLION DOLLARS by investing sixty thousand dollars worth of graffiti-painting services into Facebook.
But how can you identify great investment opportunities?
They don’t come along often. Too many factors have to coincide. A huge market need. An easily scalable solution which perfectly addresses that need. Endorsements and validations which allow for fast acceptance of that solution. Absence of competition. A strong team which can achieve market domination.
TransparentBusiness meets all these criteria and can produce extraordinary returns on your investment; please see the video summary on the right.
In the United States, this investment opportunity is regulated by Rule 506(c) of the Regulation D, which permits “broad solicitation and general advertising” but limits the opportunity to accredited investors only (net worth over $1 million or income exceeding $200,000, see the detailed definition). Non-US investors may qualify under Regulation S. The minimum investment is $50,000. See our Investment Summary for detailed information and request the Private Placement Memorandum for the description of the terms and risks.
Our investors include financial firms as well as 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, Accenture and CA Technologies.
Our Investor Relations team would be happy to respond to your questions.
If TransparentBusiness reaches Salesforce’s valuation, your investment would increase in value over 120,000%
A huge return is a distinct possibility, given the unique combination of all factors required for a mega-success in a tech business:
Given the traction achieved by TransparentBusiness so far, what is your estimate of the likelihood of TransparentBusiness
In 2003 Fortune magazine called Silvina “Miss Internet” and she has since remained one of the most prominent Internet entrepreneurs, with hundreds of appearances on CNN and other networks, articles in scores of publications around the world and keynote appearances at major events.
The Wall Street Journal reported:
"Mr. Konanykhin was a whiz-kid physics student who became a pioneering Russian capitalist in early 1990s, building a banking and investment empire valued at an estimated $300 million all by his mid-20s.” In 1992, Alex defected to the United States and was granted political asylum for opposing corruption.
On June 25, 2018, EY announced that it’s becoming the Founding Sponsor of SheWorks subsidiary of TransparentBusiness, with the objective to bring more than 100,000 more women to the workplace by 2020.
On the photo, taken that day, Silvina Moschini is with Steve Hove, EY’s US Chairman and Americas Managing Partner, Julie Teigland, EY’s Managing Partner for Germany, Switzerland and Austria and Susana Balbo, the Chairwoman of W20 (a G20 organization).
... a New York-based software startup called TransparentBusiness Inc. has drawn backing from Fortune 500 executives through a relatively new type of securities offering called 506(c) as part of an effort to raise $10 million this year.
Alex Konanykhin, CEO of TransparentBusiness, said he decided to reach out directly to accredited investors by purchasing ads in financial publications. One particularly bold ad includes the figure, 90,000%, with a question mark next to it.
Konanykhin said the ad speaks to the large market opportunity for his company's software, which helps governments eliminate fraud by verifying billable hours charged by outside contractors. ...
Thus far, TransparentBusiness Inc. has raised about $500,000 under the 506(c) offering plus an earlier round of about $1.5 million through a convertible offering. It's currently offering 10 percent of the company for $10 million, with a minimum investment of $50,000.
The company's investors in the convertible offering include: ... Ken Arredondo, former President of CA Technologies and a TransparentBusiness. board member ($150,000); Jorge Titinger, former CEO of SGI ($100,000); Ximena Querol, CEO of Sector3 Social Venture Group ($125,000) and Andrew Winn, former portfolio manager at BarclaysGlobal Investments and now senior vice president of TransparentBusiness ($110,000).
One of the investors, Ken Arredondo, told The Deal he invested in TransparentBusiness and agreed to serve on its board of directors because of the company's strong management team and the huge market opportunity to increase transparency of outsourced contracts worldwide. He believes in the company's product and said it's unique.
"It's a Saas-based, easy-to-use tool," he said. "There are a lot of technology players out there that are a lot bigger, but none of them have what they have. There will be competition, but they have the product now. They have first-mover advantage."
Arredondo plans to keep his investment in the company for at least two to five years. By then, the company could be large enough for an IPO or a sale.
A 506(c) offering, unlike other private offerings such as private-investments-in-public-equity, or PIPE deals, don't carry the same restrictions around the marketing of private offerings. (continue reading).
...Just a few years ago, a software contractor over billed New York City more than $500 million dollars on a single municipal project.
Given that Rhode Island spends hundreds of millions of dollars annually on large, complex professional service contracts, I am concerned the state is vulnerable to similar examples of time sheet fraud. That’s why I have introduced legislation (H-7788) that requires the transparent verification of billable activity.
In the absence of such verification, our agency auditors cannot verify the accuracy of contractual billing, so the state essentially pays contractors on the honor system, leaving open the possibility for fraud, waste and abuse. Further, state officials cannot efficiently monitor the status of ongoing, complex contracts, one of the major reasons we have seen some projects go far over budget and past deadlines.
To remedy the situation, my legislation would require that state contractors use newly available transparency and accountability tools to ensure that they are staying on task toward delivering contractually promised system functionalities.
By requiring vendors to use software that periodically takes screenshots of work being performed and provides automated real-time cost status of key tasks, we can significantly increase our capacity to manage complex projects, while protecting the state from padded invoices and time sheet fraud.
These software tools, such as TransparentBusiness from leading payroll and human services provider ADP, are already in use in the private sector, and Rhode Island can take advantage of these best practices in managing its state contractors.
Upgrading legacy information systems and other complex projects will always be a challenge, but let’s strengthen our state’s overall information technology project management capacity with powerful new transparency and billing verification tools designed to prevent time sheet fraud.
By Brian Patrick Kennedy, the Speaker pro tempore of the House of Representatives of Rhode Island.
Contact us, if you are an accredited investor interested in this Regulation D 506(c) equity raise.