Order Clonazepam without prescription, Last year, I invested in a company that I discovered through the CTEK angel network called RouteSmith. The company makes software for route optimization - think furniture and appliance delivery routes, Massachusetts MA Mass. . Acquistare online Clonazepam, I covered the company here in April, 2007, αγοράζουν online Clonazepam. Clonazepam pedido en línea, From the CTEK presentations, there were three of us (investors) who thought this was an interesting opportunity and really liked Matt and Jeff, buy Clonazepam from canada, Buy Clonazepam cheap, the founders. At the time, cheapest Clonazepam prices, Comprar Clonazepam, they were in early revenue and just needed to scale the business. Jeff (the CTO) was working full time, but Matt (the CEO) was stuck in a day job, order Clonazepam without prescription. The company needed a relatively small amount of financing in order to allow Matt to focus on the business full time, kjøpe Clonazepam, South Dakota SD , and to grow their marketing efforts. We decided to pull the trigger - this was a natural fit for me because I had some background in vehicle logistics through my first startup, köpa billiga Clonazepam, Pharmacy Clonazepam, ZOLL Data Systems.
What we came up was a creative financing, Florida FL Fla. . Kaufen Clonazepam, Rather than doing a straight equity deal, our small syndicate loaned the company money, halvalla Clonazepam apteekki. Order Clonazepam without prescription, The company was then to pay the loan down, with interest, based upon a small percentage of quarterly sales. Cheap Clonazepam online cheap, This is the same creative structure that I had used to finance $100K of working capital for the first company I founded, so I was familiar with this model already, ordering Clonazepam no prescription. Kjøp Discount Clonazepam, What's nice about this model is that the company doesn't need to pay back the money on any predefined timetable. As investors, cheap Clonazepam from canada, Virginia VA Va. , we were literally vested in their success with their sales pipeline. This creates a nice dynamic, Jotta Clonazepam verkossa. In return for the loan, the investors received warrants to purchase a small chunk of the company as upside, order Clonazepam without prescription. Billige Clonazepam apotek, This was just what the doctor ordered for Routesmith. With Matt on board full time, buy Clonazepam no prescription, Clonazepam online, the pipeline started to grow immediately, and the company reached monthly profitability within about a year, Idaho ID . Because it was software as a service, this was an annuity and became a dependable base to further grow the company. As we suspected, no further financing was necessary, and the founders were able to maintain the vast majority of the company stock. Order Clonazepam without prescription, Matt and Jeff never lost sight of their bootstrapping nature, and they stayed hungry and lean as a company.
Then Runzheimer International came along and Jeff and Matt really liked the people and the company. They felt they had a similar vision. Routesmith was acquired last week by Runzheimer and it was a very positive outcome for everyone involved. I believe that Jeff and Matt could have successfully built a much larger company over time. This is what they decided they wanted to do, and as investors, none of us wanted to stand in their way of taking the early exit.
I caught up with one of the founders, Matt DeWolf, this weekend and he told me "One of the great things about the Runzheimer acquisition is the investment they plan to make in the Colorado community. Runzheimer is very impressed with the technology community here in Colorado and we plan to invest in this office as a new product development location."
Congratulations to Matt and Jeff. They're a class act, and Runzheimer made a great investment both in them and in Routesmith as a company.
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