So a question to all of the real $$$ ballers on here

[Imtotallynottribe]

Does FSU have any type of startup investment “connections” resources? I’m kind of tired of having to defend my voting block of shares in companies I own and would prefer to work with some more like minded fellow Noles rather than randos associated with construction, real estate companies and/or banks that I don’t have any connection to.

Case in point, I’ve got a project going right now where based upon very conservative projections (low bed counts, half the average of insurance payout, and half the insurance “retention” ie losing more patients billables than average) you’re looking at a 5% share being worth roughly $300k a year depending on our dispursement rate. Since we’re only asking $150k for the 5% the potential return is huge (as more realistic projections are at least double the conservative projections we’re giving banks), but before I dilute my shares even further by taking on one or two randos I wanted to see if there’s anyone “like me” who I could convince to tag along.

I know UCF has some really great startup/investor money connections built in, but I haven’t seen anything similar for FSU.

 

[Imtotallynottribe]

And btw, this isn’t really just self-serving as I know we’ll have zero problem finding the cash we need I just would prefer to start working within a more “friendly” group of shareholders. I’ve always tried regardless of where I’m at to be more inclusive of either Seminoles/locals/or a neglected group. So for example on this project we need about another $300k to finish up, so I told the banker I want one local/city specific investor or investment group for that 5% and I want to bring in for the other 5% a fellow Nole (or small investment group of Noles) as currently I’m alone on an island of Gators and carpetbaggers from the Midwest and Northeast.

And that’s just for this one project. We’ve got a bigger project in the suburbs of Chicago and one we’d like to get off the ground in Orlando where I would love to work with a bunch of Noles eventually given a choice. The problem is that I don’t see where there’s any support system setup unlike other schools even lesser schools. And that is bad for multiple reasons, 1) entrepreneurial Noles have to work with “outsiders” for Funding so that 2) those profits go to randos or worse...Gators...so that the cycle continues.

 

[goldmom]

I'd write you a check tomorrow but we get along like a cobra and a mongoose.
Warning: I'm the mongoose...

 

[Imtotallynottribe]

I'd write you a check tomorrow but we get along like a cobra and a mongoose.
Warning: I'm the mongoose...

Here’s why I’m disappointed in FSU, this infrastructure should already exist and as far as I can tell it doesn’t. Very little support for FSU entrepreneurs in general, yet they beg and BEG for money.....

There is that infrastructure at Bill and Mary but I’m working on three Florida projects and a Chicago/really distant but rich suburb in Indiana so there’s not really a need to bring in my fellow Tribesmen.

Really as much as I love FSU there’s a ton of serious problems like this and a complete lack of clinical opportunities for FSU Psych students and very few good fellowship opps for FSU Med. Probably for all the same reason, FSU wants the $$$ for teaching the students but don’t care enough to invest to make sure there’s good opportunities for them afterwards.

I’m literally working on improving all three of those but I’m on an island or at least it feels like it.

 

[Urban Cryer]

I just got a crap load of $$$ from this Nigerian prince that I’m looking to start investing with, send me your PayPal info!

 

[F4Gary]

So if I send you $150k, when do I get my $300k?

 

[nynole1]

 

[Imtotallynottribe]

So if I send you $150k, when do I get my $300k?

You’re being sarcastic but $300k is a less than half a months profit, which is why I’m not worried about finding investors in general.

 

[F4Gary]

Only half sarcastic.

 

[Imtotallynottribe]

Only half sarcastic.

Well then the actual whole answer is around a year give or take. The project is about six weeks from opening to patients and then for the first about 3 months (depends on insurance carrier, 30-120 days usually) you’re in a deadzone where you’re billing insurance but they don’t disburse the funds. Then we’re paying off shareholder debt first as we’re viewing $50k as the cost of the shares and treating $100k as a loan at 10%, so it should take about a two months or so to pay back the accrued shareholder “loans” and then probably six months in give or take a month is when disbursements will start. So our investors get their $100k loans back first and then the percentages start kicking in. Based on very conservative projections (well below average insurance payment amounts and a very modest patient load) we should be disbursing $800k a month so a 5% share would be about $40k a month. So to get to $300k it would be roughly 6 months to get the loan of $100k paid back plus a little interest and about 5 months to get $200k in disbursements.

Obviously that’s all projections but they’re not “PIe in the sky” projections, they’re based on halving the feedback from billing companies as to their average per bed and per component payouts.

 

[DanC78]

I'd write you a check tomorrow but we get along like a cobra and a mongoose.
Warning: I'm the mongoose...

I’ve got a great business plan, need some financial backing.

I think you’re really cute btw.

 

[nynole1]

I’ve got a great business plan, need some financial backing.

I think you’re really cute btw.

Sounds like your plan involves laying pipe.

 

[goldmom]

Sounds like your plan involves laying pipe.

Hey now. Cut that out. Infrastructure is important.

 

[saenole]

Sounds like you're building nursing homes. My experience with these things has been that they can work if run well but they aren't the slam dunks they seem to be and their bottom lines fluctuate a lot. Insurers are constantly looking for ways to reduce reimbursements, and because individual states are heavily involved in the largest payer (Medicaid), the federal/state political bickering never ends.

Also, the large majority of new patients are referrals from area hospitals, so you've got to keep the docs happy or they'll send their people elsewhere.

So unless you're building a facility that has no competition, I'd expect some ups and downs. And even if you don't have any competition now, you will get some if you do well.

 

[billanole]

Sounds like you're building nursing homes. My experience with these things has been that they can work if run well but they aren't the slam dunks they seem to be and their bottom lines fluctuate a lot. Insurers are constantly looking for ways to reduce reimbursements, and because individual states are heavily involved in the largest payer (Medicaid), the federal/state political bickering never ends.

Also, the large majority of new patients are referrals from area hospitals, so you've got to keep the docs happy or they'll send their people elsewhere.

So unless you're building a facility that has no competition, I'd expect some ups and downs. And even if you don't have any competition now, you will get some if you do well.

He’s riding the wave of our addict issue. As long as we continue the war on drugs and pharma continues to get a pass on creating his client base, it will be lucrative.

 

[RangerNole]

Rather than complain about what FSU is not doing to meet a standard or goal you have; why not go to the admin and get something like you described going? Of course then you would have a different post mentioning how you are starting an investment program with FSU; and not what was essentially a way to tell everyone how awesome you are.

 

[seminole97]

Here’s why I’m disappointed in FSU, this infrastructure should already exist and as far as I can tell it doesn’t. Very little support for FSU entrepreneurs in general, yet they beg and BEG for money.....

It seems like you should start by talking to the folks here:

https://jmi.fsu.edu/

"The mission of the Jim Moran Institute for Global Entrepreneurship is to cultivate, train and inspire entrepreneurial leaders through world-class executive education, applied training, public recognition and leading-edge research."

 

[Imtotallynottribe]

It seems like you should start by talking to the folks here:

https://jmi.fsu.edu/

"The mission of the Jim Moran Institute for Global Entrepreneurship is to cultivate, train and inspire entrepreneurial leaders through world-class executive education, applied training, public recognition and leading-edge research."

I’ll give them a call because I didn’t specifically ask about investment but the last time I spoke with that specific group it was basically just training for college students and pushing expensive training/certificates that weren’t particularly useful. Not really a connected network that I can see.

 

[seminole97]

I’ll give them a call because I didn’t specifically ask about investment but the last time I spoke with that specific group it was basically just training for college students and pushing expensive training/certificates that weren’t particularly useful. Not really a connected network that I can see.

My point is even if they’re not yet doing what you envision, they seem like the place that should, so that’s where I’d start in your shoes.

 

[Formerly Rockymtnole]

How many patients are in a single facility?

 

[Imtotallynottribe]

My point is even if they’re not yet doing what you envision, they seem like the place that should, so that’s where I’d start in your shoes.

Sorry I misunderstood, I thought you were saying they already had an investment network. But yes, those are probably the people who SHOULD be doing it... The FSU department of Psychology should be setting up clinical opportunities for their students as well but they aren’t beyond running a small clinic for students on campus which is literally the least they could be doing when lesser schools like Troy University are actively setting up internships and clinical placement.

 

[Imtotallynottribe]

How many patients are in a single facility?

The max at any one time at the PC location would be approximately 14 inpatient 24/7 nursing staff detoxification, 44 residential, 60 partial hospitalization, and with our group rooms probably about a 100 intensive outpatient although we expect most php patients to skip that level of care and only deal with aftercare. As far as the aftercare, thanks to our partnership with Kipu, Zoom and a few other tech providers, we can easily gear up to handle thousands of aftercare patients should it become necessary. As behavioural health techs/mentors are not expensive and because consistency in care and more importantly the built in “community” patients create while working through residential and php are more important than any other factor in recidivism, we are creating a persistent online community so that patients can cheaply ($20 a week) particulate in weekly or even more often if need be group or individual online fully interactive sessions as well as large (500 member) group online seminars that are more informative than interactive.

For our National Expectant Substance Treatment Center (or NEST) we are about six months to a year from opening and devoted exclusively to pregnant patients suffering from addiction issues and comorbidities, would only be slightly larger in population even though it’s over a much larger campus as it has various water/pool treatment Center on the campus. But the patient load would be about the same, we haven’t received final drawings from the architect but I don’t expect more than about 20 detox, 60 residential and maybe 100 php.

 

[Hayduke GW]

Rather than complain

I LOL’d out loud at this.

 

[RangerNole]

I LOL’d out loud at this.

Funny but you miss the point of my rants and complaints on this board. I bit&&& on here plenty but that is just a vent. While I am doing the complaining here I am actually doing something about whatever issue I have with whoever I have it with. But if my stories and complaints bring a smile to your face then that is cool.

 

[Imtotallynottribe]

Funny but you miss the point of my rants and complaints on this board. I bit&&& on here plenty but that is just a vent. While I am doing the complaining here I am actually doing something about whatever issue I have with whoever I have it with. But if my stories and complaints bring a smile to your face then that is cool.

Who said I was merely complaining? I’m literally creating FROM SCRATCH as FSU has done nothing, an accredited clinical program for FSU psych students. I’m also looking into providing a residency or two for FSU med students.

Now you also want me to create an investment group for the entire university from scratch without assistance from the Boosters or the university itself? Exactly what the aitch are we paying the Boosters and university staff to do? As I mentioned this university affiliated investment groups IS what a lot of schools like UCF do already. But as far as I can see FSU’s involvement is limited to Boosters setting up Collegetown for themselves and the school trying to generate revenue by creating “classes” in entrepreneurial ventures rather than create the environment to have them succeed.

So no, I’m NOT going to add singlehandedly creating by myself a full UCF Business Incubation Program to my list of services I’m providing to FSU. The furthest I’m willing to go is that I’m willing to set up an investment company with the state, IRS and SEC and do the accounting where smaller donors could participate in this and other investment opportunities, IF someone wants to run it ie solicits donations, manages disbursement’s and decides on other investment opportunities. But I would need someone willing to do the latter because my plate is too booked to manage the latter. So if anyone is or knows a young and energetic Finance and/or marketing student and wants to do that I’ll talk to them. Otherwise it’s easier to deal with the bankers and already existing financial institutions than create a new one that SHOULD already exist.

 

[goldmom]

I'm not certain that it's a recognized function of the Boosters to sponsor such things...nonetheless if the University needs to foster these areas of growth in the name of academic opportunity for students in certain disciplines, then I cannot disagree with your premise.
Many questions remain as to investments by alumni, but they're of a type that one would expect to be addressed in a formal prospectus anyway.

 

[RunRonnieRun]

Please be sure the prospectus includes a picture of Jam with his arms slung around a few folks.

 

[Imtotallynottribe]

I'm not certain that it's a recognized function of the Boosters to sponsor such things...nonetheless if the University needs to foster these areas of growth in the name of academic opportunity for students in certain disciplines, then I cannot disagree with your premise.
Many questions remain as to investments by alumni, but they're of a type that one would expect to be addressed in a formal prospectus anyway.

It’s absolutely something FSU should be doing. I’ve mentioned UCF’s program repeatedly because it’s actually a FANTASTIC program and has successfully started a ton of great businesses.

https://incubator.ucf.edu/

If FSU doesn’t do something similar, then forget about keeping up with Hogtown, we’re going to get passed by USF and the other directional schools. Where does FSU think donation funds come from? Most from successful businesses and the profits their creators receive.

 

[Formerly Rockymtnole]

Not Tribe, I don't understand. If you're spinning off $40k a month to a 5% investor who only put in $300k you should have people lined up around the block wanting to give you money. I get wanting to be more involved with the school but why worry about what FSU is or isn't doing?

 

[Imtotallynottribe]

Not Tribe, I don't understand. If you're spinning off $40k a month to a 5% investor who only put in $300k you should have people lined up around the block wanting to give you money. I get wanting to be more involved with the school but why worry about what FSU is or isn't doing?

1) When you’re dealing with a project that is pretty costly (and the PC project is about $6 mil total which isn’t extraordinarily expensive but nor is it a cheap project) you don’t USUALLY have one major investor who ponied up 100% of it. Instead it’s usually voting blocks. I’m the second largest shareholder (25%) but control the largest voting block. I’m “fighting” to maintain that voting block (70% of likeminded individuals) rather than allow it to go to another voting block. However, we do need some cash now before normal lines of credit kick in (ie normal banks give cash flow/receivable loans but we’re not open so no cash flow to report) and I would rather the percentage I and my other principal partner surrender be in line with my voting block or at least open minded and not in the other camp.

2) I am an FSU undergrad graduate so anything that impacts it, impacts me at least a little. And sitting back and doing nothing to rise in the rankings ticks me off. Florida is a big enough state it can have 2 or 3 top 50 schools in the country, heck Virginia has two almost three (VT isn’t THAT bad at 69) and California has six. Even if I didn’t want it for my own business reasons, I would want it for the school’s reputation and future opportunities for its students.