Financing


Co-Working Space

by scott pickard

A co-working space in a library might look something like this:

coworkspace

The co-working program can offer the following:

  •  shared-office space:
    • parking
    • desk, chair, power
    • wireless broadband
    • cafe
    • library card and books, lots of books
    • conference rooms
    • bathrooms
    • comfortable easy chairs for reading and napping
  • a place to connect with other motivated:
    • entrepreneurs
    • small business owners
    • hackers
    • social-impact organizations
  • help with:
    • business support
    • fund-raising
    • looking for mentors
  • simply a collaborative space to brainstorm, design, create

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Finding a neutral party to facilitate a merger of two businesses

by scott pickard

I wanted to run something by you, which may or may not be something you want to do or you may not have the time. But I thought of you immediately and think that you are well suited to this task.

I have a very good long-term friend who recently asked for my help to identify someone who could facilitate a negotiation between my friend and another owner with the goal of merging their two respective businesses. They have in effect reached a “gentleman’s agreement” to merge the businesses after having teamed together on some research proposals for the last two years and been very successful doing so. They’ve been talking about this for the last two years. Now they just need a neutral facilitator who can help them close in on the best plan and legal framework for merging the two businesses into one, and that’s where you would come in.

facilitate

I can give you a few specifics:

  • These two businesses are both involved in highway pavement engineering and research.
  • One is located in Portland Oregon; and the other is located in Tampa Florida.
  • The two companies are of the same approximate size, each generating $800K – $1M per year in revenues and they are both profitable.
  • The two owners feel that the companies complement each other perfectly.
  • Both the owners and staffs are compatible and have already worked together.
  • The two owners are certainly prepared to pay the going rate for professional services of this kind.
  • I don’t think they are looking for any further capitalization, but I do know that they want to grow the merged business.

These two Owner/CEOs are looking for a trusted third-party to help them talk through the process and reach a consensus on the best way to merge their two companies from several perspectives: legal, operational, strategic, and financial/tax.

If you are willing to consider this, I would like to suggest your name because I believe you have the integrity, personality, insight, and overall business background to help them pull these pieces together and agree on a plan of action so that they can go to their respective attorneys and say, “Here’s what we want to do, draft an agreement that we can sign so we can get started.”

So, what do you think? I’ll give you a call and see if this is something you’d like to take on.

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Imagine H2O

Imagine H2O is a nonprofit organization with a mission to inspire and empower people to solve water problems.

Hydrosphere Water We pay for water when we use it, and we pay for water when we get rid of it. GLOBAL: How are humans changing the global water cycle, the associated biochemical cycles, and the ecosystem function of the global water system?  What are the socio-economic and environmental feedbacks arising from these changes? Will a lack of water threaten energy production?  How can everyone have sufficient clean water without conflict?  INDUSTRY: Is the water quality of the plant internally and externally in compliance with relevant environmental laws?  What percentage of the company's revenues does it spend to maintain water quality to mandated levels? Is it reasonable or getting out of control? in general: | about | catastrophes: West Virginia | conservation: Americans have no idea how much water they’re using Yoshida | images | point-of-use (POU) purification: www.halosource.com, hydronovation | serionix, SODIS solar disinfection | modeling: aquaveo, WaterML 2.0 | organizations: water.org |  rain  barrels | recycling: stillsuit | research: Global Water System Project | scarcity: When the well runs dry, we shall know the value of water. Franklin, The End of Abundance Zetland | smart sprinkler systems: www.cyber-rain.com | sponsored projects: bluewater.rbc, charitywater | underground lakes: Kenya | ventre capital: Imagine H2O > Venture Capital | water cycle: video, diagram | water from air: islandsky big ideas | waterless textile dyes: airdye | water rights: California Water Wars  top educational literacy: α (1 / diarrhea) α (clean drinking water) α (solar rays + water) water quality: arid environments: sand dams | rooftop tanks: Inside City’s Water Tanks, Layers of Neglect Rivera | filter mechansisms: drinksoma, puremadi, WaterBean |bottleless water coolers: quenchonline | denitrification: eosenvironmental | desalination: www.altelainc.com onsite, voltea | on-site potable water purification: www.clearwatercomplianceservices.com, www.miox.com | pool-in-a-river: pluspool |  USEPA Sole Source: Mahomet Aquifer | wastewater filtration: mmfwater books: The Big Thirst Fishman | The Great Lakes Water Wars | Water Wars: Privatization, Pollution, and Profit Shiva Venture Capital | Sustainability

Imagine H2O is a nonprofit organization with a mission to inspire & empower people to solve water problems. Our vision is to turn water challenges into opportunities.

Due Diligence List

Due Diligence List has over 2,000 good due diligence questions organized under fourteen major functional areas of the business.  There is also a sister book, Leaders Ask Good Questions, which has the same questions organized alphabetically.

On spinning out (commercializing) a university research center

by scott pickard

Sitting there in the meeting this morning and my mind wandering a bit (been doing that since first grade), I thought: “When/if the research grant goes away, what happens?”

Does  the Research Center just go poof, everybody blowing away in the breeze to a new position, some repotted at the University in various departments; some going out to private industry; some retiring?

Then I thought about everything that is inside these walls. If you draw a box around this place and call it “Proprietary Intellectual Property (PIP),” it’s market value as a going concern is substantial when you include:

  • Documents in general
  • Templates
  • Spreadsheets
  • Software
  • Calculators, algorithms, rules-of-thumb
  • Archive of reports
  • Processes and procedures
  • Everything that’s on the web site: content, pictures, videos
  • Curriculum, courseware, workshop and presentation materials
  • Marketing and general collateral materials
  • Database(s) and data
  • Product info, specs, costs
  • The Center’s collective rolodex of professional, industry, governmental contacts
  • The Center’s brand identity and goodwill
  • The Center team and their collective expertise and experience
  • Continuing access to the best students

In a shutdown scenario, who “owns” the PIP?  The University?  The Funding Sponsor?  Would either even be interested?

Engineering and R&D Research and Development What’s likely to be the “next big thing?” What might be the most fertile areas for innovation? Where should countries and companies invest their limited research funds? What technology areas are a company’s competitors pursuing? How are projects chosen for R&D?  What is R&D’s past record for successful completion of projects to budget and schedule?  When does management expect products will reach the market from research projects currently underway?  Is the company working smart to optimize the FDA approval process?  How would management rate the company’s R&D operations against its competitors?  How well does R&D integrate its work with marketing?  End user?  Engineering?  Production?  Is R&D’s major emphasis applied or basic research?  How much do the company’s projected financials depend upon successful new products developed by R&D?  Does the company effectively protect the secrecy of R&D projects?  Is there sufficient federal financing to support R&D at adequate levels?  What is the company’s approach towards capitalization of R&D expenses?  Is management well informed of R&D activities?  Are the company’s research facilities adequate?  How confident is management that R&D’s team and plan will lead to the right product(s) at the right time?  Has management evaluated the cost-effectiveness of shifting some portion of R&D expenditures and operations to external sources? (a) venture capital funds; (b) R&D alliances; (c) government funding such as ATP in general: Chance favors the prepared mind. Pasteur | citations: zotero | crowd funding: experiment | design of experiments: about | electronic lab notebooks: www.intellichem.com | ethics: Integrity in Research and Publication | europe: cordis | www.evaluatingresearchcenters.com | incentivization: prize challenges | magazines: rdmag | matching problems with solutions: www.innocentive.com | molecular imaging: www.visenmedical.com | networks: internet2 | patents: mapping | pharmaceutical R&D: www.teranode.com, wingu | poster template | rent & read: deepdyve | research universities: www.aau.edu | videos: labtv academic: The traditional metric of academic capital is citations. | Should researchers make their source code available when submitting a research paper to a peer-reviewed scientific journal? | bio template: publications.ca | data sharing: figshare | funding opportunity announcements: grantforward | impact: h-index | news: futurity | scientific literature: Action Science Explorer | Association of Research Libraries | open access, peer-reviewed joournals: peerj, plusone.org  | social networking: academia.edu | Search: academic.research.microsoft federal labs: Argonne National Laboratory: www.anl.gov | Idaho National Laboratory: www.inl.gov | Kansas City Plant: www.kcp.com | Lawrence Berkeley National Laboratory: www.lbl.gov | Lawrence Livermore National Laboratory: www.llnl.gov | Los Alamos National Laboratory: www.lanl.gov | National Renewable Energy Laboratory: www.nrel.gov | Oak Ridge National Laboratory: www.ornl.gov | Pacific Northwest National Laboratory: www.pnl.gov | Sandia National Laboratory: www.sandia.gov | Y-12 National Security Complex Heilmeier Catechism: What are you trying to do? Articulate your objectives using absolutely no jargon.  How is it done today, and what are the limits of current practice?  What's new in your approach and why do you think it will be successful?  Who cares?  If you're successful, what difference will it make?  What are the risks and the payoffs?  How much will it cost?  How long will it take?  What are the midterm and final "exams" to check for success? | The Heilmeier Catechism Visits the University sp lab management: workflow management: accelrys | software: quartzy free multidisciplinary research: What are the top ten actions that Congress, the federal government, state governments, research universities and others could take to assure the ability of the American research university to maintain the excellence in research and doctoral education needed to help the United States compete, prosper, and achieve national goals for health, energy, the environment, and security in the global community of the 21st century? Stanford | synthesis centers: science incubators | World Café charrette translation of project results: To what extent do the research issues being pursued relate to challenges along the pathway towards achieving meaningful use?  How effective are the methods used to accelerate translation of research into application(s)?  To what extent has the project identified the salient, potentially breakthrough challenges?  Are innovative research methods being applied to meet the ultimate research agenda?  What problems have been encountered in implementing all of the required features of the project?  What relationships has the project established with industry to facilitate the translation of the research? | funding: action science: definitions | proof-of-concept books and articles: Breakthrough Stefik | Closing the Innovation Gap Estrin | Evaluating Research Centers & Institutes for Success! Tash | Scientists Popularizing Science: Characteristics/Impact of TED Presenters Sugimoto Sustainability | Wellness | Automobile | Innovation | Crowd | Science |The big idea I’m left with is you could develop a business plan for the inevitable and at that time, license out the entire PIP by mutual agreement with the University and/or the Sponsor, and reboot the Center as a commercial enterprise. If you chose to do it big, you could attract some equity capital to fund startup costs for space, equipment, and competitive industry salaries, benefits, etc.

And that begins a whole new story.

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The Rise and Rise of Bitcoin

Will the rise of Bitcoin bring a monetary paradigm shift that will forever change the world?

Production & Utilization of Wealth/Money Currency and Exchange  search What has been the impact of the fluctuating value of the dollar on the company's import and export activities?  What protective measures does the company take against currency fluctuations?  What exploitive measures does the company take with respect to currency fluctuations? in general: calculators: www.x-rates.com | open source: opencoin | paper: fortresspaper | sending/receiving: stellar | trading: forex, www.fxall.com, www.oanda.com | virtual currencies: amazon coins, webmoney | Wolfson Economics Prize big idea bitcoin: about: FBI assessment | ATM |  buy/use/accept: coinbase | documentary: The Rise and Rise of Bitcoin Globalization | Financial | Risk | Inflation | Innovation | Intl | Monetization

Nicaraguan Transoceanic Canal

Nicaragua has joined forces with a Chinese billionaire to construct a 173-mile, interocean canal that may cost more than $50 billion.

World Since 1920 Latin-American & Caribbean Nations  search Mexico since 1920: geographic challenges Central America and the Caribbean since 1920 Nicaragua Transoceanic Canal: China | Panamal Canal: expansion | ship sizes: panamax | Venezuela and Columbia since 1930 Ecuador, Peru and Bolivia since 1930 Chile since 1920: Augusto Pinochet: No! (movie) Argentina, Uruguay, Paraguay: The Motorcycle Diaries Che Guevara Brazil since 1930: visualizing the economy Latin American culture in the 20th century: poetry: Canto General Neruda China

Closing the Innovation Gap

“Our short-sightedness has led to major challenges — dependence on oil, climate change, health care, and national security — that threaten our economy and quality of life. Each challenge also brings opportunities — if we give innovation the attention it deserves.”

Engineering and R&D Research and Development  search What’s likely to be the “next big thing?” What might be the most fertile areas for innovation? Where should countries and companies invest their limited research funds? What technology areas are a company’s competitors pursuing? How are projects chosen for R&D?  What is R&D’s past record for successful completion of projects to budget and schedule?  When does management expect products will reach the market from research projects currently underway?  Is the company working smart to optimize the FDA approval process?  How would management rate the company’s R&D operations against its competitors?  How well does R&D integrate its work with marketing?  End user?  Engineering?  Production?  Is R&D’s major emphasis applied or basic research?  How much do the company’s projected financials depend upon successful new products developed by R&D?  Does the company effectively protect the secrecy of R&D projects?  Is there sufficient federal financing to support R&D at adequate levels?  What is the company’s approach towards capitalization of R&D expenses?  Is management well informed of R&D activities?  Are the company’s research facilities adequate?  How confident is management that R&D’s team and plan will lead to the right product(s) at the right time?  Has management evaluated the cost-effectiveness of shifting some portion of R&D expenditures and operations to external sources? (a) venture capital funds; (b) R&D alliances; (c) government funding such as ATP in general: Chance favors the prepared mind. Pasteur | citations: zotero | crowd funding: experiment | design of experiments: about | electronic lab notebooks: www.intellichem.com | ethics: Integrity in Research and Publication | europe: cordis | www.evaluatingresearchcenters.com | incentivization: prize challenges | magazines: rdmag | matching problems with solutions: www.innocentive.com | molecular imaging: www.visenmedical.com | networks: internet2 | patents: mapping | pharmaceutical R&D: www.teranode.com, wingu | poster template | rent & read: deepdyve | research universities: www.aau.edu | videos: labtv academic: The traditional metric of academic capital is citations. | Should researchers make their source code available when submitting a research paper to a peer-reviewed scientific journal? | bio template: publications.ca | data sharing: figshare | funding opportunity announcements: grantforward | impact: h-index | news: futurity | scientific literature: Action Science Explorer | Association of Research Libraries | open access, peer-reviewed joournals: peerj, plusone.org  | social networking: academia.edu | Search: academic.research.microsoft federal labs: Argonne National Laboratory: www.anl.gov | Idaho National Laboratory: www.inl.gov | Kansas City Plant: www.kcp.com | Lawrence Berkeley National Laboratory: www.lbl.gov | Lawrence Livermore National Laboratory: www.llnl.gov | Los Alamos National Laboratory: www.lanl.gov | National Renewable Energy Laboratory: www.nrel.gov | Oak Ridge National Laboratory: www.ornl.gov | Pacific Northwest National Laboratory: www.pnl.gov | Sandia National Laboratory: www.sandia.gov | Y-12 National Security Complex Heilmeier Catechism: What are you trying to do? Articulate your objectives using absolutely no jargon.  How is it done today, and what are the limits of current practice?  What's new in your approach and why do you think it will be successful?  Who cares?  If you're successful, what difference will it make?  What are the risks and the payoffs?  How much will it cost?  How long will it take?  What are the midterm and final "exams" to check for success? | The Heilmeier Catechism Visits the University sp lab management: workflow management: accelrys | software: quartzy free multidisciplinary research: What are the top ten actions that Congress, the federal government, state governments, research universities and others could take to assure the ability of the American research university to maintain the excellence in research and doctoral education needed to help the United States compete, prosper, and achieve national goals for health, energy, the environment, and security in the global community of the 21st century? Stanford | synthesis centers: science incubators | World Café charrette translation of project results: To what extent do the research issues being pursued relate to challenges along the pathway towards achieving meaningful use?  How effective are the methods used to accelerate translation of research into application(s)?  To what extent has the project identified the salient, potentially breakthrough challenges?  Are innovative research methods being applied to meet the ultimate research agenda?  What problems have been encountered in implementing all of the required features of the project?  What relationships has the project established with industry to facilitate the translation of the research? | funding: action science: definitions | proof-of-concept books and articles: Breakthrough Stefik | Closing the Innovation Gap Estrin | Evaluating Research Centers & Institutes for Success! Tash | Scientists Popularizing Science: Characteristics/Impact of TED Presenters Sugimoto Innovation | Crowd | Science | Collaboration | Atoms | IP | News | Big Data