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Businesses > Entrepreneurs Moderated > Re: Acquiring a...
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Re: Acquiring a CEO

by ehandbury@[EMAIL PROTECTED] Mar 21, 2008 at 02:45 AM

On Mar 20, 4:00 am, "shr...@[EMAIL PROTECTED]
" <shr...@[EMAIL PROTECTED]
>
wrote:
> Howdy,
>
> 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.
>
> 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.

I agree with Scott... you need to do this on your own. You need to
understand how to sell your product to the potential clients, to
understand their reaction, to gauge whether the product meets their
requirements, and if possible, change the product to match their
requirements.

Plus I would only bring in someone if you have complete faith in this
person... a stranger just won't do. My last partner, who I didn't know
at first, turned out to be a bastard. (so maybe I'm jaded!)

Now that you have the prototype, your next step is to go after
clients, and you alone need to do this.

There is a great article from Norm Brodsky from a long time ago on
http://inc.com
(probably in the archives now), which explains the only
3-4 simple questions that any startup needs to answer. Your financial
projections will never match reality... don't even try.
 




 15 Posts in Topic:
Acquiring a CEO
"shrike@[EMAIL PROTE  2008-03-19 17:00:02 
Re: Acquiring a CEO
"Mark T.B. Carroll&q  2008-03-19 20:53:27 
Re: Acquiring a CEO
NC <nc@[EMAIL PROTECTE  2008-03-20 14:22:33 
Re: Acquiring a CEO
"shrike@[EMAIL PROTE  2008-03-21 02:43:59 
Re: Acquiring a CEO
NC <nc@[EMAIL PROTECTE  2008-03-22 03:44:15 
Re: Acquiring a CEO
"shrike@[EMAIL PROTE  2008-03-22 17:51:14 
Re: Acquiring a CEO
NC <nc@[EMAIL PROTECTE  2008-03-23 03:39:07 
Re: Acquiring a CEO
"John A. Weeks III&q  2008-03-20 14:22:58 
Re: Acquiring a CEO
Scott Jensen <Recreati  2008-03-20 15:13:14 
Re: Acquiring a CEO
"shrike@[EMAIL PROTE  2008-03-21 02:44:25 
Re: Acquiring a CEO
Scott Jensen <Recreati  2008-03-22 03:44:50 
Re: Acquiring a CEO
Jim Logajan <JamesL@[E  2008-03-22 06:11:21 
Re: Acquiring a CEO
ehandbury@[EMAIL PROTECTE  2008-03-21 02:45:01 
Re: Acquiring a CEO
"shrike@[EMAIL PROTE  2008-03-21 15:21:56 
Re: Acquiring a CEO
ehandbury@[EMAIL PROTECTE  2008-03-26 15:10:23 

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tan12V112 Wed Dec 3 20:40:17 CST 2008.