I've seen it on Shark Tank, when Mr. O'Leary asks for (x)$ per sale for the next (n) sales. Obviously he wants this in addition to equity but I was just interested to know what one calls this "promise". I mean there are bank loans, debentures, shares etc. Is there a name for selling "royalty"? Or does one just call it royalty? Thanks in advance!
DreaMed Diabetes is announcing the use of its Artificial Pancreas algorithm in Medtronic’s new CE Marked MiniMed 780G Advanced Hybrid Closed Loop system. Collaboration between Medtronic and DreaMed dates back to 2015, when the two companies signed an exclusive worldwide development and license agreement.
Read more here.
The post [DreaMed in Yahoo Finance] DreaMed’s Automated Insulin Delivery Technology Is Featured in Medtronic’s New System Bringing Its Vision of Helping People With Type 1 Diabetes to Life appeared first on OurCrowd.
I've been talking on Alibaba but we want to see what's available in Mexico and the United States. Should I just contact random companies that manufacture products like ours or is there an "Alibaba" type of site for North America? We want to see our options and do you guys prefer having local manufacturers or does it not matter to you?
I have been on a bit of journey for the past few months seeking information and advice on how to go about finding some special funding for a business I would like to start.
I'm trying to get into Commercial Lending. Essentially become a broker for commercial loans for anything from small businesses needing capital to expand, cover payroll, purchase inventory to commercial real estate investors going after their next big acquisition. The commercial capital market is far from saturated and with over 20 million small businesses in the U.S. combined with the economic impact this whole COVID epidemic has had, demand for capital for small businesses is everywhere!
Anyway, I've stumbled across a company that provides effectively a "business in a box" training program that helps entrepreneurs get their own LLC started and trained to become their own Commercial Finance company. The training has a hefty tuition but this type of business can easily make back the cost of tuition fairly quickly. In fact, professionals who have been operating in this industry for a couple of years make well into 6-figures.
My proposition is simple. If I can find an investor who will cover the tuition cost for me, I will double that investment in one year (or less). Basically, you get to help a young entrepreneur kickstart his dream career while doubling your money in one year! Its a win-win!
I have been networking on LinkedIn like crazy and those who actually entertain the idea tend to tell me its not within their wheelhouse or they do the typical investor move and just fall off the face of the earth and stop responding to me. And I am not going to chase after them. I know this is an attractive enough opportunity to the right investor. However, I just don't know how to source someone who entertains the more angel/mezzanine/"rich uncle" type of investments.
Thanks for your time!
Interested in anyone's experience of user feedback models other than the traditional user interview type model.
Unifimoney is trying something that we think is different but we are keen to learn alternative models or peoples experience with these. We are building a community of users, drawn from our waitlist. We are putting everyone on a Slack channel and the idea is to co-opt these users into our design process. We will start small but would like to get to several hundred users by October when we go into a broader launch mode.
We are recruiting a diverse set of individuals and sharing with them our demos, thoughts, value propositions etc. getting their feedback and engaging in ongoing dialogue with them. The big difference is that we intend to work with this group over the long term. Really get to know them and visa versa. So we get time series data not just point feedback.
Has anyone tried this community approach? lessons learned? success and failures?
About to (hopefully) close our first deal in the next week or so. The deal will be for a flat-rate monthly subscription and API access on a per-transaction basis.
We're planning to set-up some consultations with a few different lawyers to find someone to help us draft a contract for the deal.
Before the meetings, we want to do some research on these different types of agreements and potentially find a template to use / amend and then have the lawyer review.
However, we're unsure what type of contract we should be using. Is TOS, SLA, SaaS Agreement, etc. the most typical for this kind of deal?