we cannot remain locked in a disparate darkness of financial road blocks to innovation.
the best time to innovate, invest, and grow is through a recession by supporting groundbreaking start up-entrepreneurs who often lack the ‘get in the door’ credentials to accelerate their product to market and reach the payback period to investors.
the los angeles business war room round table must assist start-ups and on-going businesses receive a degree of credit from suppliers, obtain second rounds of financing, and have access to state-of-the art technology to leverage their innovation and bring their product or service to market.
let us look at the present value, beta, efficiency frontier modelling through the lens: degree to which we can support an innovator succeed.
credit scores: one part of a whole- many individuals credit scores have taken a hit these last years and/or young men and women don’t have enough credit history to have an adequate score.
Let us move beyond the obvious in our collective thinking ”We can’t solve problems by using the same kind of thinking we used when we created them.” – Einstein.
lets also talk about: innovation scores (can product or service be brought to market or improved and be re-branded in short order with a reasonable expectation of success) and credibility scores (what is the individual’s relationship with his freinds and family like-this is a prime new way of balancing a potentially low credit score). full due-diligence adding criteria that allows for a more balanced view of the potential investment.
brett and I propose the 50 for 500 club to begin to provide direct, technical,branding, ongoing strategic advice and limited financial ‘boot strap’ assistance to one potential innovative, entrepreneurial graduate from the USC Marshall School of Business through the South Park Business Incubator (a private business incubator, a business unit of the South Park Development Group). much more to come about the 50 for 500 club in the days ahead.
south park biz incubator (also called la biz incubator) would provide legal, technical, office, branding and marketing assistance (unlimited email marketing campaign blasts, free, best of breed website-on line ecommerce presence, viral-SEO marketing, business planning, and assistance in 2nd and third round financing) for the life of the start-up company, taking a 10% interest.
members of the 50 for 500 club in return for each member putting up a $500.00 stake in the venture, collectively own 10% interest.
it’s a new model: double down on the angel investor model and drive innovation and the hopes of start-up businessmen and women.
the 50 for 500 club will be on the agenda at the first war room round table.
questions? ideas? email: btomich@southparkbusinessincubator.biz or mcporter@southparkbusinessincubator.biz
today, brett and I will be filing the securities and exchange paperwork for the hopeRIZE fund: moving toward solution-first round financing for young, dynamic, highly innovative future GREEN ORGANIC entrepreneurs: core component attribute: the startup(s) must be HQ downtown southpark l.a. within the four block LUNA-EVO-EVO SOUTH-FLOWER STREE LOFT schema.
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