Bob Biro
Wayside, NJ (USA)
Role(s):
Founder/Owner/Principal
G F organic products
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Startup
Location:
Wayside
Industry:
Agriculture
Year Founded:
2007
Number Employees:
1-10 people
Description:
Our company was funded by a "hedge fund" that has not been able to come up with the the "last money required" of $1,700,000 and will lose their "equity" position commensurately. Their $1.7 mm investment would have yielded $25,000,000 during years 2-4 and over $100,000,000 years 4-24.
Our project is based on a joint venture of 3 old technologies never assembled before. The Government of the Netherlands originally started with one of the technologies and produced a most remarkable end product after spending millions to build and operate a facility for 3 years that was "economically" unviable.
The addition of the other two older technologies over the past 4 years have ensured that after the $1.7 mm equity investment the returns will be nothing less then the numbers above.
Now that the "hedge fund" is trying to renegotiate their position I thought I would take the time available to see if their is another interested investor available.
With the uniqueness of of our project, having an almost 0 "risk" factor and no need for "public banking" or any future raises of capital, I am hoping my time is well spent going back to looking for $1,700,000.