Our story on Ellen Lehman's call for VC involvement in the community foundation she leads reminded me of Mike Shmerling's 'Idea 67' concept, in which Nashville allies would launch ventures that would remain in Nashville long term. The idea: go to local companies in search of viable business ideas those companies might have lying about, but which have been deemed too small to address within the company, itself. Assemble a team of mentors, grad students, investors, et al; develop a business plan, recruit funding and execute. The idea of fractional ownership is well established in U.S. real-estate circles. Why not in other sectors? 'Seems like a great idea to explore, particularly in these times.
Saturday, December 13, 2008
Fractional Capital
Our story on Ellen Lehman's call for VC involvement in the community foundation she leads reminded me of Mike Shmerling's 'Idea 67' concept, in which Nashville allies would launch ventures that would remain in Nashville long term. The idea: go to local companies in search of viable business ideas those companies might have lying about, but which have been deemed too small to address within the company, itself. Assemble a team of mentors, grad students, investors, et al; develop a business plan, recruit funding and execute. The idea of fractional ownership is well established in U.S. real-estate circles. Why not in other sectors? 'Seems like a great idea to explore, particularly in these times.
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