Culture that sought forgiveness, not permission, and empowered people to take the call rather than back off, making a decision. i think that this is a lesson for any organisation, public or private, large or small, it doesn t mean being rash, this is important, it means being brave and using judgment and the best possible data to dry decision making. this was not like buying any other commodity product, we could not place an order, we had to back lots of pulses and invest it at risk. as one of the greatest ever american football coaches said, you miss 100% of the shots you do not take, so we took plenty of shots with the unwavering backing of the chancellor and prime minister, we put hundreds of millions of pounds at risk, and not all of them came off. some are stale in early trials and are far away from deployment. but the important thing is that some of the
That they re going to get a premium for, because i think as norm alluded to, it could be seen as a commodity product if other people could come in and do it. they re going to want to know. you ve got such an emotional story behind the creation of this. i think there are potentials there. the second part is making the advantages really clear to the potential investor, what is really proprietary about this that s going to stop somebody else being able to do that. they ll want to know that. it seems from both of those guys, is what they re looking for is there, you ve got the emotion you likely have the numbers, so maybe you start with that and you ll pique people s interests a little faster. the moment of truth, would you take another meeting? i would take another meeting with him. but he s got to get the numbers down. numbers run a business and when i put my money up, i d like get it back. okay, luke? i d take another meeting on a driveway with snow, test it out. it makes good
I d like to see some more, some possible orders. the other thing is that he didn t tell us if this was patent-protected in any way whatsoever. so if he was successful patent pending. patent pending. if he was successful, can somebody knock this off in a different way. the main concern i have, though, is the valuation of the company. i think it s not worth that valuation. you need some numbers to more numbers. how about you, luke. i ve got to laugh, you ve got a strain on a panel. never a shoveled snow on a driveway. i get the product, it looks great. i don t understand shoveling snow in a driveway. i m going to concentrate on the pitch. i think at least half the pitch because you re looking for an investor has to be on the advantages that are in it for them. i think there s a couple of big things there. one is, what s the brand value that they re going to get a premium for, because i think as norm alluded to, it could be seen as a commodity product if other people could
Manufacturer. we started in 93. our product is a commodity product. the steel we sell is the same as the steel made in china or india. there is a big difference, though. in america the rates from much higher. how does the company like mine compete in a global environment where products from china and india and europe are crashing on our shores? they are dumping product by having government subsidies to chien needs products that are often then subsidized so they can put you guys out of business on the entire market. that s what a lot of americans don t understand. it s frustrating to me. there is probably an even more important point about the product that is that our own government is making it more difficult for us to compete. how are they doing that? president obama is making the rounds. he is going to help us out by increasing our taxes. the only way we can beat governor is by investing in equipment. if the wage rates are lower in
Manufacturer. we started in 93. our product is a commodity product. the steel we sell is the same as the steel made in china or india. there is a big difference, though. in america the rates from much higher. how does the company like mine compete in a global environment where products from china and india and europe are crashing on our shores? they are dumping product by having government subsidies to chien needs products that are often then subsidized so they can put you guys out of business on the entire market. that s what a lot of americans don t understand. it s frustrating to me. there is probably an even more important point about the product that is that our own government is making it more difficult for us to compete. how are they doing that? president obama is making the rounds. he is going to help us out by increasing our taxes. the only way we can beat governor is by investing in equipment. if the wage rates are lower in