Saturday, February 28, 2009

How people get money

So in my quest to decide if I should start a climbing gear company with my four ideas for radically  different new gear I've been talking to the other outdoor company people. Ice Holdz and the new Central Rock Gym in Worcester to find out how they got money before they had anything to sell. Ice Holdz was started by a couple who boot strapped it with their own money all the way to having a product and traveling to sell the things. Central Rock Gym was two brothers recently graduated from college who saw the need and said if we can't raise the money in three months to do this then we'll give up. Now it's working out really well they've raised hundreds of thousands of dollars and the gym is almost done and they even had 50 people apply to work there. Including a layer who has his own practice and thought it would be cool. 

So that might be an option go full bore on this until say November when I have to start paying back my student loans and I will definitely know after several months of product development and marketing and fund raising if this thing can work. 

In other news running the last two days has gone well and I went climbing with Jeff this morning and we messed around on a 5.10d at crow hill. Neither one of us got more than 10 feet off the ground. Finally, I'm going to go up the hill and work on simulations for a few hours after I eat and shower cause I haven't don't any research lately.

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