Spring is finally here in the High Desert and as we wait for the purple clouds and icy rain of March and April to transition gracefully into the vibrance and warmth of May and June, I thought I would take advantage of the turning of the Seasons to keep you up to date with our latest goings on and plans going forward until this Summer.
To date, agropedia has been chosen to be one of the next ventures that VentureBox Bend is sponsoring in the next round of classes starting this July. Ideally, I would like to hit the ground running as much as possible so as to maximize my exposure to their mentors’ valuable advice and input.
Therefore, I’ve established a new business, agropedia LLC, with the State of Oregon as a vehicle for doing just that. While I know that I will have to transition to a C corp at some point to issue shares to investors should I get that far, an LLC helps me in terms of creating a layer of protection between my nascent business and my personal belongings as well as provides a cost center for the bills associated with a startup. Next up, I’m having a very talented friend help out with getting some logo work done and then it’s off to the USPTO for trademark/patent submissions. While the patent submission will take A LOT of work and will most likely drag on until agropedia is properly capitalized and I’m able to throw more resources at it, I feel like working through the patent application form helps me in marshaling my thoughts and keeps me focused on the technology end.
While I am trying to slowly move forward in those areas, I’m also trying to devour as much VC related info/insight I can. I have read a good deal of material by Steve Blank, Eric Ries, and others in regards to the lean startup methodology and the concept of iterative development and the creation and deployment of a Minimally Viable Product (MVP) to gauge customer reaction/feedback and document possible improvements and “pivots”. I have also read some work by various VC’s themselves and the best I’ve come across so far has been, “Mastering the VC Game” by Jeffrey Bussgang. It’s a quick, enjoyable, and informative book and well worth investing a couple hours into if you ever wanted to understand the inner workings of venture capital firms and their partners.
I will also continue blogging on WordPress and Facebook in order to spread the word, get feedback, and further refine agropedia’s business plan and market assumptions. When we get to our VentureBox sessions, my hope is that I can focus on getting assistance with my financial projection documents and get pointed to some great coders that are interested in doing some interesting, fun work. Well just have to wait and see I guess…
What I have to remember to keep in perspective, is this: This is all a side project at this point as I am still plugging away at my day job which is paying the bills and mortgage. So if I have been neglecting getting back to you, or I just haven’t seemed too talkative, I apologize and can only ask that you please keep the above activities in mind and know that it isn’t being done on purpose; I’m just really busy at the moment.
That is the our Spring round-up and a preview of some of the major activities/goals/milestones ahead.
Sooooo, with all of that said, I’d like to give a warm welcome to Spring, say adieu to Winter, and get back to work in Sev’s Garden, it’s been TOO long…