Being a engineer at Silicon Valley for more than a decade, worked and still working on interesting projects.
I had jointly created the first US made CD-ROM drive design;
Created VCD/DVD player at front of tide;
Worked at ReplayTV (like Tivo);
Worked at Cisco…
Then I thought it’s time to challenge myself and see if I can invent something new, something useful for mankind, I have been thinking like a inventor since.
I filed couple of patent applications, few got granted, a few still pending. And I try to put them into use. That’s why I am here, to fulfill my latest invention: U-Star.
U-Star uses new technology to make ordinary visitors to parks and resorts the star of their own video. A customer pays a fee, and then wears a small device as they enjoy their day. Wherever they go, numerous cameras will capture their activities like they are the stars.
When they leave the park, they return the device and few days later; receive a well edited souvenir DVD video, that features themselves, in mail. People can enjoy their day without the worry of managing their own tripods, cameras, battery packs, carry bags, and other burdens. They simply have fun, enjoy themselves, and know that even unplanned moments can be included in a treasured memory disk.
We need $2.5 million in funding to get to the point where the company is self-sustaining. This should happen in the middle of our second year. Right now, we`re seeking $1 million of initial funding in exchange for a 20% ownership stake in the company. If we hit our numbers, we expect to be able to go IPO within 5 years.
I am looking for seasoned entrepreneur who live in Bay Area (around San Jose, CA) to be CEO of our company.
I would only do this only when I have to. I think I have to.
We are in the process to start this system company which requires lots of integration experience and good execution. But if we do it right, we should be able to put ourself to Top 500 companies. I will let you decide if what I said is true or not. Check out www.ustarsystem.com for our company outlines.
I have met with VCs and they suggest we need a strong team. Currently we have engineering part covered but need business part of parterner.
Contact me if you are interesting.ustar2007-9-14 14:3:58
Looks like best way to fulfill this idea is to let someone else to be the CEO of this company.
I have limited business experience and language disadvantage. I probably can start this business from Taiwan or China; but if I want the business grow from here in the US, find a suitable CEO seems to be best choice. This is what I felt and I also received more than one suggestion from experienced parties.
I am spreading the words out now. My question is how do I use this forum to do so? where is best place to post?
VC task force definitely is some experience. I audio taped the whole thing. While listen to my tape, I learn that I didn`t speak their language. (not English, but VC language) And I was a little bit impatient to jump into question answering before investor finished their question, not long before, maybe just 1 second ahead.
The feedback/comments I got was kinda expected, but they said in a different way.
They said it`s an interesting/creative idea.
They ask how am I going to get parks to do business with us.
They said this is not technology play but more like an integration play; For integration play it`s all about execution, how do you staff yourself, how do you stop people from doing it after you, and do it quicker and cheaper.
(I objected that we are patent pending but they said people still will copy it if we made money)
In other words, they don`t believe our current team will lead us to there. I mean I don`t blame them. I wouldn`t give 3 million dollars to test if our team will grow up right to do all that.
But I do get a chance to submit our B-plan, however I think they will be more concerned after they see our two men team on the B-plan.
I think we need a good team, experienced CEO with sound name.ustar2007-9-6 12:41:23
Depends on what`s your idea. If it`s food itself, probably not patentable, yet package or way to process serve food still have room. I think you need to talk to someone, lawyer perhaps, who has experience in this field.
Take a look at their tax return, water/power bill for last couple of months.
If business was that good, these thing should match.
Spend couple of hours watching customer come in and out without notify owner.ustar2007-8-30 18:1:9