Time
passes. Funds for the program are periodically allocated
as you demonstrate your fund raising and management
skills. You develop a serious business plan. The committee
helps you locate a senior executive who enables you
to develop a strong board and management team. Serious
funding is done through grants, etc. A pool of people
willing to lend money to Chimorel is developed. The
committee buys the first $250,000 in stock at $5/sh.
You initiate your program. Within two years you go
public with an offering of $5 million at $25/sh, which
includes sale of 50% of Chimorel’s stock. Chimorel
now has $625,000 with which to develop other businesses
and you have a successful business. Some of the loans
are repaid. Others are donated to Chimorel.
