December 8, 2008

My Contribution to GM, Ford and Chrysler

The Economy & News Angles

My contribution to GM, Ford and Chrysler

Every now and then, something occurs to me that I believe has been swept under the rug. In the past few weeks, we’ve all heard plenty of shouting and screaming about best how to save the Big 3 Auto Makers. However, I’ve not heard anyone talk about saving particular Car Models. For example, who ever picks a movie based on which Studio made it? (Like, hey man, there’s this great MGM flick coming out this weekend.) That’s my point! Why doesn’t GM just make the cars (the models) that people like? Why do we hear all this talk about which Divisions that GM wants to keep? If I was running GM, we’d keep the Corvette, Camaro, Cadillac, Solstice (Pontiac) and some GM Trucks. If it was Ford, it’d be Mustang (of course), Lincoln and for some diehards, the Explorer. And hey Big 3… no more making the same car under four different brands. Most of us figured out that trick about twenty years ago. Duh.

My Obsessions

Gas-price WATCH

Back to the Future is here again. Today, we saw a Costco here in Tucson selling regular gas at $1.57. Wow, if it goes below a buck, we’re thinking of picking up one of those big Hummers we see abandoned on the side of the road!

My Travels

Entrepreneurs Conference in Sedona, Arizona

Last Thursday, along with four other investors, I was on a panel that reviewed about thirty entrepreneurs pitching their companies to us. There were plenty of good ideas, but most of all, I’ve not seen such a motivated and energetic group of start-ups. There seemed to be no slowdown in these companies. And, right after their presentations, they got in long lines to confront us investors, and some waited half an hour for just a few minutes of face-time with us.

Advice to Entrepreneurs

Accordion to me…This week’s advice to entrepreneurs

At some point, I’ll give you my full list of the Do’s and Don’ts for raising funds for your company. For now, please take these three quick Don’ts to get you through the holidays. Please… 1) Don’t tell investors you expect to get your exit via an IPO. I wouldn’t bet on being one of seven IPO’s that’ll happen in 2009, and who knows whether it’ll be any different in 2010 and 2011? 2) Don’t describe some big deal you have in the works, and then tell investors you can’t tell them who the customer is, and 3) Don’t put a large budget item amount for marketing in your forecast and not take the time to figure out what you’re actually going to do with it, and how you can prove it’ll actually work. Got an idea or something you need help on? Email me at rick@hotventures.com




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