| Hi Mike,
Looks great in theory. A couple of very specific questions for you:
1. Who in your organization has experience with building an accurate GT40?
2. Will you be looking to sell these via advance deposit, or, payment upon delivery of a car at the agreed stage (roller/turnkey, etc.)? I would suggest the test of adequate capitalization for your new venture is the ability to sell w/o requiring an advance deposit. Requiring a material (greater than 5%) advance deposit reeks of a thinly capitalized, and unsophisticated, business venture in my experience.
3. Perhaps you can be specific about what your business has actually done so far to produce a car, in contrast to what you plan on doing. The distinction may be subtle but it is hugely important in establishing your credibility in this market place.
Thanks and good luck. |