Taking Risks
2011/03/23 - Posted by Richard Meloff. | Categories:  cleantech risk-taking
It's not easy getting people to see what you see. My whole life, I have been a pretty persuasive person. I was captain of the high school debate team (nerd alert) and I was a decent law student, but that was nothing compared to getting people to buy into a business vision. That is why it has been so gratifying to see AgriMarine named the top cleantech company on the TSX-V. When we got involved with AgriMarine, we were just a few months from the financial meltdown, the company had a nascent, largely unproven technology and large capital needs. We heard all the usual BS - "The deal is too small" or "I'm interested, but let me know when you have completed your Chinese opportunity" or "Call me for the next round of financing". Thankfully, there were some visionary investors who saw that AgriMarine had world-beating technology and a market that was massive and growing rapidly. Now, I am pleased to say, everyone on the street wants a piece of AgriMarine.
Getting small deals to market is a sisyphean task, and sometimes I think I am crazy for being in the micro-cap space. But the rewards for executing on a gameplan, both emotional and financial, usually mitigate all the pain and suffering along the way. Not to pat ourselves on the back, but we need more VC and growth-capital firms in this country to step up and take risks on great management teams with great visions, and the cojones to actually see them through. On that note, I'd like to congratulate Daniel Klass on raising a $25 million venture fund focusing on SaaS and tech-enabled businesses. I know it will be a great success.
