I like posts that clarify/refine my thinking MM. Thank you very much. I have been stating that my next two milestones were improved funding and next spiral of BiB sales. Interacting with your post helped me prioritize those even further. Here is where I am now:
Priority #1. Temporary non-LJC bridge funding for operations, research and inventory build-up.
Priority #2. Next spiral of BiB sales.
Priority #3. Replacement of LJC with venture capital and not vulture capital.
I just don't think we get good venture capital without the next sales spiral IMO. But who wants to tap LJC until we do? I am probably not being smart here because I may just be de-engineering Glenn's actions. We can see that he has worked on some short-term bridge funding as you noted. Obviously he is working on the second spiral of BiB sales. As a former investment banker we know he knows what it takes to get good VC funding. I suspect Glenn is working 1-2-3 above. And probably a couple of other things IMO.
I am with you on leads--bragging about leads is like bragging about how many girls you asked out at bars. If none said yes then you need to look at your plan a little more carefully. I am pretty sure the JIEDDO lead was one of the 17 based on the timing of the SH meeting and the Yuma testing. That means they have a lead conversion rate of 5.9%. That probably means their definition of a lead is pretty loose IMO. That would be a good question for SH meeting, though.
Thanks, again, MM. You refined my thinking. My preference would be to see bridge funding until the next BiB spiral and then some friendly VC after that. I also worry about keeping up that short term funding flow like you do. JMO. With appreciation, IJO
