The CEO of a young company has responsibility to secure adequate financing for the operation of the business. Most people are familiar with these two methods:
1. Equity investment - giving ownership for cash.
2. Debt - borrowing funds with obligation to repay loan, this is often difficult
for young companies.
There are several alternative financing methods that can be pursued:
1. Secure OEM partner or distributor to license your technology or buy your
proprietary products with advanced pre-payment; up to 1 year advance.
2. Secure a turnkey manufacturer to build your products, finance inventory and
provide extended receivable financing of 90 to 120 days you ship the products
get payment from you clients before you pay your supplier/partner.
It must be noted that these alternative financing methods are very difficult to implement. It requires highly motivated partners to provide these kind of financial support. Partners must be convinced of the outstanding technology and the great market opportunity that you bring them.
Thomas Hong
Board of CEOs
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