technology help: I started a company, we have developed a technology that can produce very large quantities of clean energy with a low-cost, not polluting fuel. - Help.com



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I started a company, we have developed a technology that can produce very large quantities of clean energy with a low-cost, not polluting fuel.

We have been negotiating with investors for about a year. They are working on a Letter of Intent (LOI) for investment into our company. The keep saying that they will deliver the LOI as soon as possible, but they never give a date. We can demonstrate that the technology is viable, but we are under strict confidentiality requirements. We are in need of funding to continue operations.

This open post was written 10 months, 2 weeks ago | V/U/S: 21, 28, 4 | Edit Post | Leave a reply | Report Post


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Solid offline Verified User (10 months, 2 weeks) Long Term User Shouts: 5 #
An Unknown Location | 10 months, 2 weeks ago (2 minutes after post)

Oh yeah. lol, well let me give you all my money then. Problemn solved. You wouldn’t happen to be Nigerian would you?

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djbanie offline Unverified User #
An Unknown Location | 10 months, 2 weeks ago (3 minutes after post)

No, I’m not Nigerian. I am presently in Lake Tahoe, NV.

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djbanie offline Unverified User #
An Unknown Location | 10 months, 2 weeks ago (3 minutes after post)

My business partner is in Bellinghame, WA.

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Freke offline Verified User (10 months, 2 weeks) Long Term User Shouts: 15 #
An Unknown Location | 10 months, 2 weeks ago (5 minutes after post)

what about venture capitalist ? rather than going on a forum and looking like a set of clowns??

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djbanie offline Unverified User #
An Unknown Location | 10 months, 2 weeks ago (6 minutes after post)

VC’s generally will not sign confidentiality agreements. I just wanted to see a few quick responses.

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berta offline Verified User (1 year, 3 months) Long Term User Shouts: 1 #
An Unknown Location | 10 months, 2 weeks ago (11 minutes after post)

if you don’t have the loi then why not seek other avenue’s from different companies and let that company know you are looking if they are still interested then they may want to hurry it along

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berta offline Verified User (1 year, 3 months) Long Term User Shouts: 1 #
An Unknown Location | 10 months, 2 weeks ago (11 minutes after post)

Freke wrote:
what about venture capitalist ? rather than going on a forum and looking like a set of clowns??

that was uncalled for

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Freke offline Verified User (10 months, 2 weeks) Long Term User Shouts: 15 #
An Unknown Location | 10 months, 2 weeks ago (16 minutes after post)

@berta

not really given the number of people on the tap for money. If the project was that serious then asking for money on a forum is not a good way to present it.

No serious business would act in that way. When I needed capital for an idea I didn’t post to forums, I went to businesses that were established that could aide me and benefit from the investment.

I have a successful web development company and several other projects due to start this year so know a little about business. What is it you do ???

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djbanie offline Unverified User #
An Unknown Location | 10 months, 2 weeks ago (17 minutes after post)

Yes, the Law Firm that we are working with is starting negotiations with other investors, one who is part of a hedge fund that invests in energy related technologies. Confidentiality is a significant issue on this. It is built off of a DOD project.

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berta offline Verified User (1 year, 3 months) Long Term User Shouts: 1 #
An Unknown Location | 10 months, 2 weeks ago (18 minutes after post)

Freke wrote:
@berta

not really given the number of people on the tap for money. If the project was that serious then asking for money on a forum is not a good way to present it.

No serious business would act in that way. When I needed capital for an idea I didn’t post to forums, I went to businesses that were established that could aide me and benefit from the investment.

I have a successful web development company and several other projects due to start this year so know a little about business. What is it you do ???

try to help people not criticize them. if you don’t wanna help then don’t log on

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djbanie offline Unverified User #
An Unknown Location | 10 months, 2 weeks ago (18 minutes after post)

We are doing all of that as well. Must be private funding, no public companies. I am a physicist. Again, I just wanted a few quick responses. I went to google and typed “help” and here I am.

Congrats on your new companies.

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Freke offline Verified User (10 months, 2 weeks) Long Term User Shouts: 15 #
An Unknown Location | 10 months, 2 weeks ago (19 minutes after post)

@djanie

it was not a personal insult, rather than a description of how asking for captial for what could be a major development, on a forum makes you look is all.

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djbanie offline Unverified User #
An Unknown Location | 10 months, 2 weeks ago (19 minutes after post)

I did not take offense.

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berta offline Verified User (1 year, 3 months) Long Term User Shouts: 1 #
An Unknown Location | 10 months, 2 weeks ago (21 minutes after post)

anyways it sounds as though you are doing all you can do with out going public with your info. good luck and sorry I couldn’t be more help

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berta offline Verified User (1 year, 3 months) Long Term User Shouts: 1 #
An Unknown Location | 10 months, 2 weeks ago (22 minutes after post)

Freke this is not the only post you have contaminated with your negativity and the moderators will decide if you stay

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Freke offline Verified User (10 months, 2 weeks) Long Term User Shouts: 15 #
An Unknown Location | 10 months, 2 weeks ago (23 minutes after post)

@brenda
I wasnt critising, if you dont understand the fundementals of a subject I suggest you dont post to it either. I was simply pointing something out from a business point of view!

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berta offline Verified User (1 year, 3 months) Long Term User Shouts: 1 #
An Unknown Location | 10 months, 2 weeks ago (23 minutes after post)

at least I can read my name is BERTA

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Freke offline Verified User (10 months, 2 weeks) Long Term User Shouts: 15 #
An Unknown Location | 10 months, 2 weeks ago (24 minutes after post)

lol brenda, berty, berta whatever.

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djbanie offline Unverified User #
An Unknown Location | 10 months, 2 weeks ago (25 minutes after post)

Please don’t argue about something off topic here.

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*Dougie* offline Verified User (1 year, 2 months) Long Term User Shouts: 1 #
An Unknown Location | 10 months, 2 weeks ago (25 minutes after post)

I assume if the technology is unique you have patented it!

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djbanie offline Unverified User #
An Unknown Location | 10 months, 2 weeks ago (28 minutes after post)

Yes, the law firm we are working with is in the SF Bay Area, they specialize in IP and business development. We have protected the IP in a multi-layer, nuanced manner, including patent work.

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*Dougie* offline Verified User (1 year, 2 months) Long Term User Shouts: 1 #
An Unknown Location | 10 months, 2 weeks ago (29 minutes after post)

Maybe the hold-ups are related to the economic climate.
I know that in times of hardship, businesses get scared about doing anything new.

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djbanie offline Unverified User #
An Unknown Location | 10 months, 2 weeks ago (30 minutes after post)

The most interested party has not been hurt badly by the recent economic developments. They saw it coming two years ago.

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*Dougie* offline Verified User (1 year, 2 months) Long Term User Shouts: 1 #
An Unknown Location | 10 months, 2 weeks ago (32 minutes after post)

I really don’t understand the hold-up then.

Unless there’s some sort of outlandish government conspiracy of trying to stone-wall new technology that is potentially crippling to established energy industries

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djbanie offline Unverified User #
An Unknown Location | 10 months, 2 weeks ago (33 minutes after post)

We don’t understand the hold-up either, but we just got through the holiday season. We expect an LOI soon.

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Freke offline Verified User (10 months, 2 weeks) Long Term User Shouts: 15 #
An Unknown Location | 10 months, 2 weeks ago (35 minutes after post)

maybe they’re just trying to hold out for a better deal. Waiting until you are desperate. Not a very honourable tactic, but one that can be used.

have you heard any feed back at all from them? They’re delaying for a reason and if it was me I’d want to know why before continuing. After all the longer they delay the longer it takes to develop and gain on their investment.

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djbanie offline Unverified User #
An Unknown Location | 10 months, 2 weeks ago (43 minutes after post)

Yes, we correspond over email about once a week. We are not aware of any other party that has what we have, and we do know who else is working on this. (Of course, we can not claim to be aware of everything, but we do keep up on this in a keen manner.)

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*Dougie* offline Verified User (1 year, 2 months) Long Term User Shouts: 1 #
An Unknown Location | 10 months, 2 weeks ago (1 hour, 10 minutes after post)

well if you have patented this correctly, then it doesn’t matter who else may be working on it, so long as your idea was patented first

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