Reuben Bakst
Brooklyn, NY (USA)
Role(s):
Founder/Owner/Principal
DealGen
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Startup
Location:
Brooklyn
Industry:
Finance
Year Founded:
2008
Number Employees:
1-10 people
Description:
In 1999, Accenture authored a study projecting that in 2005, strategic alliances would be valued worldwide at $25 to $40 trillion. DealGen has on it's Board some of the leading experts on strategic alliances in the world, who state that given the fact that each year 20% of alliances will end and need to be replenished, that leaves $5 to $8 trillion worth of new alliance activity annually. Our experts include Drs. Jeff Reuer at Purdue, Oded Shenkar at Ohio State, Robert Spekman at Darden, George Geis at UCLA and others. Also, on our team is a fellow (investment banker) named Rich Jackim. He wrote the book The $10 trillion Opportunity, which claims that since the baby boomer demographic is retiring, in the next ten years, there will be 7.7 million companies in need of a sale, worth $10 trillion collectively.
Our venture can revolutionize the way deals are done, using very sophisticated technological systems. Our revenue model is success based. According to an unbiased expert (a professor at a top university), DealGen can "revolutionize" business economics. We are to the deal world what the industrial revolution was to manufacturing, and once we explain in detail (which due to confidentiality concerns, cannot be done in this post), I am sure it will be understood.
We are seeking between $2.6 and $4 million. Funding will go toward completing the development of our system and launching operations at which point we expect to generate significant revenues within the first nine months.
However, we will also seriously consider a much smaller investment to fund the development and pursue the remainder at the time of system development completion.
Bottom line, we are trying to tackle and capture using a revolutionary system a piece of a multi-trillion (not billion) annual market (as explained above), and although this may (and probably does) sound ridiculous to the casual observer, again, once explained, it will be clear and understood.