Enough fantasy and Utipian visions of the future. I need 6 people to roll up sleeves and get to work!
Financial - CFO - must know the secret language of money folks and translate.
Salesman - VP of Sales & Marketing - must deliver signed contracts for products.
Operations - COO - must coordinate and expedite complex projects on tight deadlines.
Architect - Compliance Officer - fluent and authoritative with building and safety codes.
Manufacturing Engineer - VP Eng. - build a factory while the machines are producing.
Software Engineer - VP IT - Security, Embedded, Real-Time, Algorithms, the works.
The secret of Solar & Thermal is "Faster, Better Cheaper"... I will share all the rest of the secrets with the *right* team. The commitment I expect is significant; the rewards for success are stellar. Participants must have a strong desire to cut through the BS, and forgo the luxuries of a fat salary and fringe benefits for a short time -- the first goal will be to organize and assess each others strengths and weaknesses.
As a team we must be able to raise between 6 and 12 million dollars, in 2 or more tranches. Past glory is cool, but repeating the miracle is the only thing that matters. I am assigning the pre-capital valuation of the above team plus the the intellectual property of the company and my 8 years at $5M, and the post capital valuation at $50M based on 1st year sales estimates. The stake for each member that joins me will be an option on 5% equity subject to dilution to raise equity capital. Salary will be $150k per annum for each position commencing at the time of equity funding.
The goal is to break ground on Sept 1 2009 -- All deliberate speed is appropriate.
The Light is Green! -- visit: http://solarandthermal.com/t1_contact.htm or reply on my page here
Salesman - VP of Sales & Marketing - must deliver signed contracts for products.
Operations - COO - must coordinate and expedite complex projects on tight deadlines.
Architect - Compliance Officer - fluent and authoritative with building and safety codes.
Manufacturing Engineer - VP Eng. - build a factory while the machines are producing.
Software Engineer - VP IT - Security, Embedded, Real-Time, Algorithms, the works.
The secret of Solar & Thermal is "Faster, Better Cheaper"... I will share all the rest of the secrets with the *right* team. The commitment I expect is significant; the rewards for success are stellar. Participants must have a strong desire to cut through the BS, and forgo the luxuries of a fat salary and fringe benefits for a short time -- the first goal will be to organize and assess each others strengths and weaknesses.
As a team we must be able to raise between 6 and 12 million dollars, in 2 or more tranches. Past glory is cool, but repeating the miracle is the only thing that matters. I am assigning the pre-capital valuation of the above team plus the the intellectual property of the company and my 8 years at $5M, and the post capital valuation at $50M based on 1st year sales estimates. The stake for each member that joins me will be an option on 5% equity subject to dilution to raise equity capital. Salary will be $150k per annum for each position commencing at the time of equity funding.
The goal is to break ground on Sept 1 2009 -- All deliberate speed is appropriate.
The Light is Green! -- visit: http://solarandthermal.com/t1_contact.htm or reply on my page here
Tags: cooperation, equity, opportunity, partnership, team, venture
Comment
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Comment by Lou De Frog on August 16, 2009 at 7:11pm -
Paul. The current practice is to leave most if not all shares in the treasury, so that principals are not principal owners. Reduces liability. Also when/if you go public you will be selling treasury shares which has a remarkable effect on your stock value. As a private individual, you purchase shares in your company only when they go on the market. Savvy investors will not demand equity if your intention is to go public. You should not promise equity until the thing is operational and real costs are known. Fix a time, say two years down the road before evaluation and equity distribution which is what you will need for a public offer anyway. Execs can forgo some salary and collect after the two years as equity Everyone gets fairly compensated for their input/time log. Your 'team' will change over time and you do not want to get stuck with liabilities or deadwood.
How much of 12 million is inventory? How much credit can you expect from the suppliers? You are creating a business for them too. If you had everything on loan to you, you would not need any money. You could borrow the executives as well from the supplier companies. You may only need some of those positions filled part time until you have a regular income to dispose of. - Talk nice to your suppliers and borrow their people, on or off the books.
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