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Case #3
BuyProduce.com: Start-up fund raising

         

BEFORE
A small start-up in Southern California faced a formidable challenge: how to connect farmers, often in remote areas and not technologically savvy, with sellers, who could move their produce into places previously unavailable. At the time, business to business ecommerce was just getting started. And how to convince banks and investors that this was a worthwhile.

 

 

"I’ve had the pleasure of working with Dana on several projects, all with resounding success! On the BuyProduce project Dana was instrumental in facilitating work sessions that clearly defined the business strategy and operational processes going forward. Moreover, her work was a key component of the investor targeted business plan that successfully generated $20 million in funding! Thanks Dana."

Stephen Williams

         

UPON ENTRY…
The CEO had determined that because the industry was relatively new, he needed to find a way to stand out from the competition in an environment of competition for funds. He had seen our work in his position as CEO of Cobra Golf, so he knew what our capabilities were.

 
 
 

WHAT WE DID…
We met with the CEO and his senior team to facilitate a work session where we could gather data about the industry: what as the history of the produce industry? Who were the major competitors? What were the primary barriers to entry? What was the plan moving forward? What were the critical actions that needed to take place?

Working with an expert in business plan writing, we teamed up and put together a plan that was both traditional and linear, as well as graphical. Together the information was summarized and put together in an investor booklet.

 
 

OUTCOME…
The investors were blown away by the information provided to them about the industry, the competition and the opportunity. The format of the business plan itself was so unique and easy to follow that the investors were easily swayed to put their funds toward a forward-thinking venture.

 
         
 
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