Got great business skills, and
experience in growing start-ups to exit? And want to do it for
yourself next time?The Manager plays the Key role
in the microFunding® process. It's his job to make the money, to
take an idea and make it happen.
It is the Manager's role to identify, create and run a
business, often without any significant additional input from
the Inventor beyond the initial idea. It is entirely up to the
Manager what happens, how it happens and with whom it happens;
and although the Inventor will no doubt contribute his own ideas
about how things could develop, control is with the Manager.
The microFunding® Exchange gives experienced business
Managers the chance to:
- work with an idea that has serious commercial potential
- create something for themselves at the same time
- build their own management team
- make an exit as profitable and as early as possible.
The critical part of the process is the Proof of Concept
Project. By eliminating less viable inventions and identifying
the winners early at little cost, the Proof of Concept Project
gives Investors the chance of real Rewards at reduced Risk. So
the Manager's next task is to specify what the ‘concept’ is and
its proof by whom, by when, at what cost and to what criteria.
The Manager is expected to use approved suppliers for much of
this work, and while he will also cost his time it is unlikely
that he will attract investors if the project’s cost is
excessive.
Of fundamental importance in a ‘Proof of Concept’ project is
the establishment of workable and unambiguous terms of reference
to which external investors will respond. The Manager uses the
microFunding® template, posted on the Angels Den Investor
website microFunding® pages to invite investment; Angels Den
will charge a fee for this.
If the Project attracts funding, the manager runs the Project
to determine viability...
...and if the project succeeds, the Manager gets 30% of the
company to recruit his team and grow the business.
And the sooner and more successfully he creates a
profitable exit, the better it is for all...
How does it work? Click here
for a detailed explanation of the process.
Interested? Register now:
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