Hear my name by Armand Van Helden – The result of random Youtubing
I sent my property investment model to a old investment banking colleague and he made a number of fixes and additions. The latest version can be found here.
Any comments and suggestions are appreciated.
There is a business in the UK which has a great concept and is implemented extremely well and my friend Mark (also the so called Religion and Carpentry Correspondent who has posted once) and I have been discussing taking the business to Canada. We’ve talked to the founders and they are open to the idea of partners taking the concept to new markets and would like to meet next time I’m in the UK.
As great of a concept as it is, without the expertise of the founders and the ability to leverage their existing investment and infrastructure, we probably wouldn’t try it on our own. The Globe and Mail has an article about franchises and how they have a much greater chance of succeeding:
The vast majority of new companies fail in the first year. In fact, the odds are so long, it’s said, that the best scenario new businesses can hope for is to break even in Year 3. There is, however, one significant exception: franchises. Ninety-three percent of franchisees not only survive the first year, they’re still in business 10 years later, according to the Canadian Franchise Association.
Even in my limited experience in startups and the film industry, I’ve come to realisation that the best way to pick out someone who doesn’t know what their doing is if they are too paranoid about someone stealing their ideas.
Everything I’ve been taught and have read myself about the film industry is that the studios are extremely conscious about intellectual rights and the danger of being sued. Stories of people being ripped off are actually extremely rare.
The same seems to go for startups. You are never going to get a VC to sign a NDA and you shouldn’t even demand it. They aren’t interested in your idea, they are interested in your execution. Here is an interview with a VC that discusses this topic along with some others.
How did this happen? Are they trying to piss me off? Surely they know that I had put them both on notice and this is some sort of retaliation… god think of the off spring. I have a friend over at NASA, good guy, and he builds super-computers all by himself. Well he used a very sophisticated program to determine what their baby would look like and oh my holy mother of god its as scary as its completely realistic. Take a look…