August 2012
[Thanks to Dave Zedonis for reporting this event.] For 40 years, David Woll (Woll Enterprises, Inc., davidwoll1948@gmail.com , 317.727.1577) has mentored, advised, and raised funds for new and young companies. He suggested ways for an inventor interested in starting a company to raise and use funds. First, develop materials that will help persuade people to invest in your company. Make a prototype of your invention, so people can experience it. File a provisional application for a patent, to start the process of protecting an investment in your invention. Socialize your budding company with the business community (angel investors, attorneys and patent agents, bank loan officers, distributors, marketers, manufacturers, salespeople, technical advisors, etc.) and keep a record of those relationships that you can show people, as an indication that your company can operate successfully. Write an executive summary of your business plan , to show that your...