Opassa Corporation Opens
Our friends, family, and management will contribute 25% of the contributed funds that are needed to launch the TrueBeat, while we request that 75% of the contributed funds come from our investors. Friends and family will be holding 30% of ownership in the company, leaving our investors with 70%. The reason we have allocated the ownership in this ratio is because our product is a blue ocean product, with a high level of uncertainty of success[1]. The TrueBeat meets needs that no single device achieves. As mentioned in marketing, the programmable metronome market is dominated by only a few large companies. Being a start-up company in such an environment is a large risk investors must commit to, therefore we believe that a larger percent ownership will convince investors of our commitment to their involvement and the success of our product.
[1] IS Book Read More...