RAISING PRIVATE CAPITAL USING AN INTERACTIVE COMPUTER SYSTEM

摘要

A technique for raising private capital includes receiving an electronic registration via a site in an interactive computer network where the registration represents an offering to sell shares of a private equity security. Electronic bids with respect to the offering of shares of the private equity security are provided to the network by entering information via the network site. Allocations of shares of the security are determined automatically in the network based on the electronic bids. The bidding process can include receiving pre-money valuation bids from prospective bidders and selecting a lead investor based on the pre-money valuations. Terms of the private equity security offering can be established based on a pre-money valuation bid submitted by the lead investor. An on-line fill-in bidding stage can be performed after a lead investor is selected. The on-line fill-in bidding stage can include performing a Dutch auction. Bids can be submitted via the network site.