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This seems like a big idea. Why haven’t you secured Venture Capital to build out your company? i360 was built out from of a very broad Vision conceived by infoGenome’s Founder that centered on streamlining the typical Information Workflow encountered by both Consumers and Enterprise Information Workers. He recognized that there were some fundamental problems with how Users were being forced to manage their Information as a result of the unguided evolution of Information Technology over the past 15 years. With that said, after having presented the i360 Vision and its incremental implementations under various names over the past 4 years, there were several common threads of response from Venture Capitalists. · Your idea is too big for us to get a handle on, we want you to focus on a single niche and then come back to us. · You don’t have a customer base. · You don’t have a track record of bringing such ideas to market. The Founder found it easy to manage the Technical Challenges of building out the i360 Vision, but very difficult to manage some of the logical paradoxes presented by the responses above. The Venture Capital process seemed too formulaic to pursue in a way consistent with the out-of-the-box Vision of i360. Right or wrong, the Founder concentrated on building out the full Vision and found various ways to self fund and found other creative ways to secure seed financing to continue over the past 4 years. Our approach at this point is to exploit the extremely competitive landscape in the Information Technology space and the mega battles taking place therein. We will make Proposals like these to the major platform players and see what shakes out. |
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