Startup Lesson: Industry Players vs Non Industry People

One thing I've learned when talking to Hemp and Agriculture People vs those outside the business is: People in Agriculture understand Agriculture terms used in my startup pitch deck.

Here's a simple example:  I mentioned a drill the other day to a non ag person.  "He asked how big of a hole?"  When I mention a drill to an Ag person; they understand I'm talking about a seeder or planter that "puts the seeds into the ground".  The one simple word has very different meanings.

I also learned that it takes me more time to explain farming techniques and less time is spent on talking about my inventions or MOhemp Energy:

• such as crop rotation, 
• planting or harvesting are times often determined by weather conditions, 
• the difference between a combine or a harvester...

The greatest thing about pitching to Agriculture Industry Players is that they want to see Farmers succeed.  They understand that Farming is the most important industry in the World.  Farmers create the most treasured resource: Food.

5th Milestone Accomplished StartUP update

The Industrial Hemp Invention that Scotty has been working on has made it to the prototype financing approval stage.  As I write this blog post my connection informed me that he did not see any trouble in the Investors not approving the budget to build the machine.  He is meeting with his partners and will have a yes or no answer in the next few days.

I'm on pins and needles to say the least.  All those sleepless nights, the 15 pounds of weight I've lost, and hours spent on the startup are about to pay dividends and assist the Hemp Industry in becoming a powerhouse player in the Ag Commodity business.

His exact words were: 

Its not like you are asking for multi-million dollar investment like some of the other inventors have approached my company with.  I see no reason they will not approve the funds to build the prototype.

If you think I'm betting the farm with this one company- think again.  I've always had a backup plans to build the prototype.  This is not the only company I'm working with or people interested in the design and invention.   They are just the only company working in the USA that has shown interest.  Like I mentioned previously in other blog posts my EU hemp connection who claimed: "Your Invention could be the Holy Grail of the Hemp Industry".  He has opened the door to established players in the Hemp Industry in Canada, Europe, and New Zealand who are also interested in the invention.

So one way or another my hemp invention will soon be a reality and available to anyone who would like to get in the hemp business.  The beauty of the invention is that it eliminates the high cost of processing equipment needed.

Stay Tuned more info will be available in the near future.

4th Milestone Accomplished by MOhempEnergy

While attending a recent webinar on USDA Bio-refinery, Renewable Chemical, and Bio-based Product Manufacturing Assistance Program as it relates to the USDA 9003 loan guarantees and programs last week that was sponsored by

 

Westar one of the presenters answered my question on whether a Mobile Refinery qualifies for the 9003 Loan Guaranty!

Yes my inventions do and will qualify for the USDA 9003 program.  The mobile processing scenario was the last question answered at 1:25:16  http://cdn2.hubspot.net/hubfs/14164/2015-07-23_15.02_USDA_9003_Program_-_Winning_Strategies_for_Success.mp4?t=1437687057932

This was the biggest milestone in acquiring funding as it guarantees the lending institution that funds MOhemp Energy startup venture will be protected financially.

The products that MOhemp Energy will be providing that meet the requirements are Industrial Hemp based products namely- Biodiesel, Biomass, and Lingin (used in supercapicitors see pdf) as well as energy conserving building products.

I'm excited to say the least and can't wait to get to work developing the inventions and assisting Missouri Farmers in generating a new source of income that has all the aforementioned positive energy benefits from a Natural and Sustainable Industrial Hemp Plant.

Wiki defines supercapictors as: 

• A supercapacitor (SC) (sometimes ultracapacitor, formerly electric double-layer capacitor (EDLC)) is a high-capacity electrochemical capacitor with capacitance values greater than 1,000 farads at 1.2 volt that bridge the gap between electrolytic capacitors and rechargeable batteries. They typically store 10 to 100 times more energy per unit volume or mass than electrolytic capacitors, can accept and deliver chargemuch faster than batteries, and tolerate many more charge and discharge cycles than rechargeable batteries. They are however 10 times larger than conventional batteries for a given charge.
• Supercapacitors are used in applications requiring many rapid charge/discharge cycles rather than long term compact energy storage: within cars, buses, trains, cranes and elevators, where they are used for regenerative braking, short-term energy storage or burst-mode power delivery. Smaller units are used as memory backup for static random-access memory (SRAM).
• Supercapacitors do not have a conventional solid dielectric. They use electrostaticdouble-layer capacitance or electrochemical pseudocapacitance or a combination of both instead:
• Electrostatic double-layer capacitors use carbon electrodes or derivatives with much higher electrostatic double-layer capacitance than electrochemical pseudocapacitance, achieving separation of charge in a Helmholtz double layer at the interface between the surface of a conductive electrode and an electrolyte. The separation of charge is of the order of a few ångströms (0.3–0.8 nm), much smaller than in a conventional capacitor.
• Electrochemical pseudocapacitors use metal oxide or conducting polymerelectrodes with a high amount of electrochemical pseudocapacitance. Pseudocapacitance achieved by Faradaic electron charge-transfer with redox reactions, intercalation or electrosorption.
• Hybrid capacitors, such as the lithium-ion capacitor, use electrodes with differing characteristics: one exhibiting mostly electrostatic capacitance and the other mostly electrochemical capacitance.
• The electrolyte forms a conductive connection between the two electrodes which distinguishes them from electrolytic capacitors where the electrolyte is the second electrode (the cathode). Supercapacitors are polarized by design with asymmetric electrodes, or, for symmetric electrodes, by a potential applied during manufacture.