Re: Amazing News
in response to
by
posted on
May 01, 2008 11:35AM
Edit this title from the Fast Facts Section
For crying out loud,Dakshidin is a startup company!
I co-started a high-tech company in the mid- nineties that used an invention tested on the US Nimitz-class aircraft carriers and that used proprietary guidance technology to assist aircraft to land in all-weather situations .
At the time we started,there was the inventor,the test pilot(myself),the marketing director,two engineers and the main shareholder.
We only got out first secretary after two years of operation to save on cost even tough this was a multi-million dollar venture!
You need to understand cost and cash flow before you start a business from scratches and Dakshidin is no stranger to the same problems as I faced in my startup where many dollars are spent.
After the first orders,we where able to expand and afford many things like a proper test lab,assembling facility,our own test aircraft ( we had to rent a relatively small one for a while ) and proper vehicles instead of working at night in the basement and using our own transportation.
I am not suggesting that Dakshidin is working out of someone's basement but their priorities so far have taken them away from the concern of investors like us.
When you invest in such company, you are in effect financing a startup with seeding money which you hope will give you a rate of return on your equity if they are successful and it takes a lot of patience and an astude ability to project the future.
Now, I would not be here of course if I didn't think that Dakshidin has a sporting chance to make it with their technology .
Only time will tell .
Do your own DD!