My new startup

I’m launching a new startup. For those who don’t know about it here are some of the key points:

  • The brand extension comes from an already successful enterprise
  • The partnership & legal agreements were entered into over a year ago
  • The idea is not an original one, rather a new execution of a proven formula
  • We didn’t pitch the idea or ask for permission, we just did it
  • It’s a brand extension
  • It’s a self funded project with no external capital. But we wont have ownership
  • We will give away the corporation, once it is cash flow positive
  • It’s a very long lead project
  • It wont be cash flow positive for more than 20 years
  • Estimated cost of the project is around $500K
  • We do expect to however, to yield emotional & community benefits very early after launch
  • It’s an industry we’ve never worked in before, but have a natural flair for it
  • Some of the product development will be outsourced to 3rd parties
  • Outsourcing will occur in 3 large segments of up to 6 years each
  • The most important product development will be done in house
  • There wont be any major advertising, brand awareness will be driven through family & friends
  • We already know it’s unique, but wont require any intellectual property protection
  • However, major security measures will be taken to protect the asset, especially in the incubation phase

My new startup is my baby due January 25th, and it’s the most exciting one I’ve ever been involved in. We’re involved in more startups than we think…

Startup Blog says: Let’s not define ourselves by what we own, but the cool stuff we do.

twitter-follow-me

11 Comments My new startup

  1. @farhan

    hehehe
    That’s wonderful! Congratulations! Well done!
    Really caught the attention, right to the last moment.. but it’s so true 😉
    Now if only we did that in real life, eh? 😉

  2. Tim Cinel

    Wow, I’m cynical. I thought this was satire or something when I started reading. Congratulations and such a great piece of writing for your audience.

  3. Zev Schonberg

    That was awesome. Such great writing, that I enjoyed it while reading and even more when I finished. As a parent of 5 kids (under the age of 10), I can tell you that your positive, yet humorous attitude will go a long way in making your parenting successful.

  4. Pingback: New non-profit « Start Up Blog

  5. Pingback: The strategy day you’ve probably never had | Start Up Blog

Leave a Reply