"shrike@[EMAIL PROTECTED]
" <shrike@[EMAIL PROTECTED]
> wrote:
> Well I've got a prototype. It works, scales well, and has a fairly
> broad market appeal/application. Took some business cl***** as the
> local college, read the applicable tax code, filed the cor****ate
> paperwork got an EIN etc. Built simulated financials in a spread
> sheet, tested them, and now, I need to sell some stock to pay for
> phase 1.
I typically don't see a stock sale until there is a revenue stream,
and you are either cash flow positive, or within a quarter of being
there (not counting debt service). If you are talking a stock sale
to friends and relatives, then this could be an OK time. More
typical is that this is a good time for a round of venture funding.
> While I have many years in software development, I never saw fit to
> finish a college degree, and frankly I have no interest in doing so
> now. 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.
Again, in cases that I have seen, I more typically see someone
who is a bit older and has front line experience in this area.
There is a huge difference between having taken a company though
the paces and going public as compared to having read about it
in school.
Bottom line is that this is your dream, so do it the way you
want it done. But keep in mind that some trips can go smoother
if you follow a well worn path.
-john-
--
======================================================================
John A. Weeks III 612-720-2854 john@[EMAIL PROTECTED]
Newave Communications http://www.johnweeks.com
======================================================================
|
