"shr...@[EMAIL PROTECTED]
" <shr...@[EMAIL PROTECTED]
> wrote:
> What you can't build, you negotiate for, and in this case
> what I need is a fascist MBA from a top 5 school to make
> underwriters feel warm and fuzzy.
You've just skipped about seven steps in a single sentence.
"Underwriters" are people who will (if the company ever gets
to that stage) put together your initial public offering.
Before you get to the public offering, however, you need some
operating history as a privately held company. So your first
order of business is to line up one or more private investors,
individuals (aka "angels") or venture capitalists hoping to
exit through an IPO or a sale to a strategic investor. To do
that, "a fascist MBA from a top 5 school" is not nearly
enough; you need a functional management team, including at
least one VP-level-knowledgeable person representing each of
product development (that would be you, I suppose), sales and
marketing, and finance. At the moment, they may be working
full-time elsewhere, but they must be available to meet with
prospective investors and to start working for the new company
full-time once financing is in place.
Ideally, you also need a CEO with 15-20 years of big-name
industry experience that includes a successful track record
of managing a high-growth company or a high-growth division
within a company, but that may wait until round 2, if not 3
or 4...
> This will be my first time going through this, and to be
> frank I would prefer the assigned party be of less experience
> and more balls, than vice-versa.
Balls are a double-edged weapon (pun fully intended); if you
get a CEO with balls, he is at least as likely (if not way more
likely) to use them to stand up to you in order to protect the
investors' interests as to stand up to the investors in order
to protect your interests...
Cheers,
NC
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