Hello Edmund,
We are currently signing up white label partners who will build up the volume
of time and resource providers that we have, but up until then, we are having
to invest time and effort to directly identify some required resources.
Currently, to enable us to deliver a quality service, we are hand holding just
a few case study ventures (and ourselves) through the process. To date, on a
combination of equity, ongoing-revenue-share and
fixed-price-paid-out-of-revenue share, we have managed to acquire web
development, social media marketing, PR, graphic design, office space and one
salesperson's vehicle for 5 ventures (2 x web, 2x manufactured product and 1 x
property) using our process. Full details of these case studies will feature on
the web site shortly.
With regard to your statement that micro-managing lots of people to work on
project or venture would be impractical - you're right. Having been involved in
large (Oracle/SAP ERP implementations and production line machinery) projects
since 1991, me and my team have seen have works and what doesn't. Our platform
and the low cost generic ERP systems that it feeds into include a number of
measures to counter this issue including:
(1) a lot of collaborative up front planning and gap analysis by experienced
commercial and technical suppliers to eliminate issues before any work is
carried out.
(2) a fixed price mini-project way of working that incorporates mainly carrots,
but also some sticks.
(3) a high level of automation to reduce costs.
(4) ownership by the individual or business carrying out tasks.
(5) lots of other innovative functionality that minimises risk of non-delivery
or underperformance.
I do agree that working with a few, paid and accountable suppliers is easier
and should be used where money is available - even our own venture has taken a
lot longer to develop that if we had raised £500k of funding and put a big team
on the case, but this solution is aimed at the vast majority who seek, but
can't access adequate funding.
With 300,000 public sector jobs likely to be cut over here, 20% unemployment in
Spain and similar problems in lots of other countries - we do need a solution.
Y-combinator type "spray and pray" seed funding is one, start up weekends are
another and we intend to be yet another complimentary solution. Despite 3 years
of development, we still have much room for improvement - hence the questions
on this board.
Your further comments would be gratefully received.
Kind regards
Senake
-----Original Message-----
From: "Edmund von der Burg" <[email protected]>
Sent: Wednesday, June 16, 2010 8:44am
To: "mySociety public, general purpose discussion list"
<[email protected]>
Subject: Re: [mySociety:public] Views wanted - on our sustainable solution
enterprise and employment creation solution
On 15 June 2010 12:38:18 UTC+1, senake <[email protected]> wrote:
> Hi Everyone,
>
> I am interested in getting your views on our sustainable solution to
> enterprise and employment creation which facilitates the following:
>
> (1) The "funding" of business start up with peoples spare time and resources
> - currently less than 3% of even investor ready, high growth venture
> propositions succeed in raising finance.
> (2) Enabling individuals to help create their own well paid jobs by help a
> start up get to market by working on an initial premium priced, but paid out
> of revenue basis.
What sort of tasks do you envisage these individuals doing? I'd be
wary as a startup founder of having too many people working on small
tasks - even if payment is deferred. The amount of admin time would be
prohibitive.
I've always found examples more digestible than statements of intent.
Perhaps you could present this as "Bob had an idea for a widget. Steve
put in four hours a week on industrial design and Mary three hours a
week marketing. Both were on deferred payment of 2x market rates. blah
blah ... The company IPOed and now they all have yachts".
Cheers,
Edmund
> (3) Reducing or eliminating the ongoing cost of employment and enterprise
> support services by getting them paid for on the same premium priced,
> deferred payment basis.
> (4) Minimising lost tax revenues due to informal collaboration and bartering
> - our platform minimises repayment risk by enabling revenue distribution by a
> bank or payment processor.
> (5) An increase in the number of later stage investable ventures boosting the
> recovery.
> Details on the solution can be found at www.piefinance.com
>
> Your thoughts on it's merit and drawbacks would be much appreciated, together
> with any thoughts on how it could be rolled out for maximum public benefit.
>
>
> Kind regards
>
>
>
>
> Senake Atureliya
> CEO
> Pie Finance Ltd & Pie Finance (Not for Profit) Ltd, London
> [email protected]
>
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