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  • Report:  #387205

Complaint Review: Growthink.com - Las Angeles California

Reported By:
- Los Angeles, California,
Submitted:
Updated:

Growthink.com
6033 W. Century Blvd. Las Angeles, 90045 California, U.S.A.
Phone:
310-823-6505
Web:
N/A
Categories:
Tell us has your experience with this business or person been good? What's this?
Growthink as Business Planning Partner

Just the Fees Please

By Reva A published Jul 07, 2008

A few months ago a small emerging land development firm, R & A Development Group, LLC, engaged growthink to do business planning and to prepare and fund a private placement memorandum. The firm is new to land development, but has an interest in developing resorts in rural communities, and they are seeking business planning and equity funding for a pilot spa resort called Creekside in Missouri.

Upon approaching growthink, the principals were assured that their inexperience didn't matter and that growthink had a team of experts who would advise them during the business planning process. However, the principals only spoke with one person during the business planning process. As a result, the business plan added no particular advantage to the business development efforts of the principals to launch a pilot spa resort in rural Missouri.

During the initial conversations questions were rasied about the type of project the spa resort represented and its suitability for eventual equity funding through the investment banking division of growthink. Again, the principals were assured that the project fit well within the firm's funding scope.

After some effort, the business plan and the private placement memorandum were developed. Growthink was paid per agreement for the documents. However, following their completion no effort was made to carry on the capital raise portion of the relationship. Emails were sent, phone calls made, and messages left with no response from growthink. Eventually, a letter was written requesting a refund of the document fees since they were insufficient as instruments for growthink to use for capital raise equity or debt funding. The letter received no acknowledgement or response.

Reva a

Los Angeles, California

U.S.A.


8 Updates & Rebuttals

Reva anderson

Los Angeles,
California,
U.S.A.
Refund the money please

#2Author of original report

Tue, February 24, 2009

I want money back. they didnt help me raise money!!! bastards!!!


Angel Man

Lousville,
Kentucky,
U.S.A.
YOU SHOULD USE PPMFAST.COM

#3Consumer Suggestion

Thu, February 19, 2009

This site will help you put together a correct PPM! We have used them more than a dozen times and they're awesome at what they do. They would probably review the PPM you had done by GrowThink and help pinpoint the problems. They're at www.ppmfast.com and you can reach Eric or Mike at 1.866.225.6904. Good luck, hope you get this taken care of.


Reva anderson

Los Angeles,
California,
U.S.A.
growthink yada yada

#4Author of original report

Fri, February 13, 2009

forget this, lts go to the game,.


Reva anderson

Los Angeles,
California,
U.S.A.
growthink, watch out, not soooo good.

#5Author of original report

Wed, February 04, 2009

ppm not so good. help.


Reva anderson

Los Angeles,
California,
U.S.A.
Growthink.com, Growthink Horrible Service, poor PPM Private Placement Memorandums! Not good for funding! Las Angeles California

#6Author of original report

Sun, November 02, 2008

Poor PPM. I wouldn't pay for this private placement service if I were you. Growthink as Business Planning Partner Just the Fees Please By Reva Anderson, published Jul 07, 2008 A few months ago a small emerging land development firm, R & A Development Group, LLC, engaged growthink to do business planning and to prepare and fund a private placement memorandum. The firm is new to land development, but has an interest in developing resorts in rural communities, and they are seeking business planning and equity funding for a pilot spa resort called Creekside in Missouri. Upon approaching growthink, the principals were assured that their inexperience didn't matter and that growthink had a team of experts who would advise them during the business planning process. However, the principals only spoke with one person during the business planning process. As a result, the business plan added no particular advantage to the business development efforts of the principals to launch a pilot spa resort in rural Missouri. During the initial conversations questions were rasied about the type of project the spa resort represented and its suitability for eventual equity funding through the investment banking division of growthink. Again, the principals were assured that the project fit well within the firm's funding scope. After some effort, the business plan and the private placement memorandum were developed. Growthink was paid per agreement for the documents. However, following their completion no effort was made to carry on the capital raise portion of the relationship. Emails were sent, phone calls made, and messages left with no response from growthink. Eventually, a letter was written requesting a refund of the document fees since they were insufficient as instruments for growthink to use for capital raise equity or debt funding. The letter received no acknowledgement or response. Reva anderson Los Angeles, California


Reva anderson

Los Angeles,
California,
U.S.A.
Growthink.com, Growthink Horrible Service, poor PPM Private Placement Memorandums! Not good for funding! Las Angeles California

#7Author of original report

Sun, November 02, 2008

Poor PPM. I wouldn't pay for this private placement service if I were you. Growthink as Business Planning Partner Just the Fees Please By Reva Anderson, published Jul 07, 2008 A few months ago a small emerging land development firm, R & A Development Group, LLC, engaged growthink to do business planning and to prepare and fund a private placement memorandum. The firm is new to land development, but has an interest in developing resorts in rural communities, and they are seeking business planning and equity funding for a pilot spa resort called Creekside in Missouri. Upon approaching growthink, the principals were assured that their inexperience didn't matter and that growthink had a team of experts who would advise them during the business planning process. However, the principals only spoke with one person during the business planning process. As a result, the business plan added no particular advantage to the business development efforts of the principals to launch a pilot spa resort in rural Missouri. During the initial conversations questions were rasied about the type of project the spa resort represented and its suitability for eventual equity funding through the investment banking division of growthink. Again, the principals were assured that the project fit well within the firm's funding scope. After some effort, the business plan and the private placement memorandum were developed. Growthink was paid per agreement for the documents. However, following their completion no effort was made to carry on the capital raise portion of the relationship. Emails were sent, phone calls made, and messages left with no response from growthink. Eventually, a letter was written requesting a refund of the document fees since they were insufficient as instruments for growthink to use for capital raise equity or debt funding. The letter received no acknowledgement or response. Reva anderson Los Angeles, California


Reva anderson

Los Angeles,
California,
U.S.A.
Growthink.com, Growthink Horrible Service, poor PPM Private Placement Memorandums! Not good for funding! Las Angeles California

#8Author of original report

Sun, November 02, 2008

Poor PPM. I wouldn't pay for this private placement service if I were you. Growthink as Business Planning Partner Just the Fees Please By Reva Anderson, published Jul 07, 2008 A few months ago a small emerging land development firm, R & A Development Group, LLC, engaged growthink to do business planning and to prepare and fund a private placement memorandum. The firm is new to land development, but has an interest in developing resorts in rural communities, and they are seeking business planning and equity funding for a pilot spa resort called Creekside in Missouri. Upon approaching growthink, the principals were assured that their inexperience didn't matter and that growthink had a team of experts who would advise them during the business planning process. However, the principals only spoke with one person during the business planning process. As a result, the business plan added no particular advantage to the business development efforts of the principals to launch a pilot spa resort in rural Missouri. During the initial conversations questions were rasied about the type of project the spa resort represented and its suitability for eventual equity funding through the investment banking division of growthink. Again, the principals were assured that the project fit well within the firm's funding scope. After some effort, the business plan and the private placement memorandum were developed. Growthink was paid per agreement for the documents. However, following their completion no effort was made to carry on the capital raise portion of the relationship. Emails were sent, phone calls made, and messages left with no response from growthink. Eventually, a letter was written requesting a refund of the document fees since they were insufficient as instruments for growthink to use for capital raise equity or debt funding. The letter received no acknowledgement or response. Reva anderson Los Angeles, California


Reva anderson

Los Angeles,
California,
U.S.A.
Growthink.com, Growthink Horrible Service, poor PPM Private Placement Memorandums! Not good for funding! Las Angeles California

#9Author of original report

Sun, November 02, 2008

Poor PPM. I wouldn't pay for this private placement service if I were you. Growthink as Business Planning Partner Just the Fees Please By Reva Anderson, published Jul 07, 2008 A few months ago a small emerging land development firm, R & A Development Group, LLC, engaged growthink to do business planning and to prepare and fund a private placement memorandum. The firm is new to land development, but has an interest in developing resorts in rural communities, and they are seeking business planning and equity funding for a pilot spa resort called Creekside in Missouri. Upon approaching growthink, the principals were assured that their inexperience didn't matter and that growthink had a team of experts who would advise them during the business planning process. However, the principals only spoke with one person during the business planning process. As a result, the business plan added no particular advantage to the business development efforts of the principals to launch a pilot spa resort in rural Missouri. During the initial conversations questions were rasied about the type of project the spa resort represented and its suitability for eventual equity funding through the investment banking division of growthink. Again, the principals were assured that the project fit well within the firm's funding scope. After some effort, the business plan and the private placement memorandum were developed. Growthink was paid per agreement for the documents. However, following their completion no effort was made to carry on the capital raise portion of the relationship. Emails were sent, phone calls made, and messages left with no response from growthink. Eventually, a letter was written requesting a refund of the document fees since they were insufficient as instruments for growthink to use for capital raise equity or debt funding. The letter received no acknowledgement or response. Reva anderson Los Angeles, California

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