Venture capitalist?
Wednesday, June 15, 2011 I received an e-mail stating that we have forgotten to update this blog, Facebook and Twitter. The person was absolutely right. I have been lazy. However, I think I had a good reason:
During the last year we have been very busy in developing the product line and planning our future marketing. We made huge progress in the product line and I am now convinced that the concept works. The products we have developed are just as good as we hoped for. However, we realized that our process is far too slow for international market. In order to enter the international market convincingly we need to be able to create a much broader product range - and do it fast. Otherwise we will become just another butique brand.
We decided to look for investors so that our product development could work full time for new things. We even managed to convince Tekes. However, none of the venture capitalists we met.
It seems that manufacturing is not a sexy business. We would have to sell something for the internet. What bothers me the most is the common "finnish" thinking that we are no good in manufacturing and marketing. For decades finnish economy was based on traditional industry, paper, ship-building, wood industry and clothing industry that were based on government help - not on real competiveness. Every time we had problems in exports, the finnish mark was devaluated and the business was saved. Now those days are gone. it is time to do some re-thinking.
We decided to continue relying on organic growth. Hopefully we are able to convince potential investors. Seeing is believing or should I say hearing is believing.




