IceStone: Investing In Small Business Doesn’t Just Mean Start-ups

 

As I continue to celebrate Small Business Week with reports of my investing in small businesses (see previous posts here and here) I would like to point out that investing in small business is not restricted to start ups.  Even after mastering the challenges of a start-up, many new companies reach a point where they require additional funding to achieve growth and sustainability.
 
Recently I made a huge (for me) investment of over $1 million and a personal commitment (I volunteered to serve as one of three managing directors) in IceStone LLC, a company in which I was an angel investor six years ago.  I had served on its Advisory Board of Directors since 2005. 
 
IceStone manufactures counter tops out of recycled glass and cement in the former Brooklyn Navy Yard in New York.  By developing imaginative combinations of various sizes and colors of post consumer glass, the company has produced a beautiful line which competes successfully with the finest marble and granite counter tops.  Furthermore, the company has always been committed to being a leader in environmentally friendly manufacturing.
 
From the beginning the company had great promise and soon became a darling of the green building industry.  However, casting the combination of crushed glass and cement to meet the company’s exacting standards presented one quality control challenge after another.  It took until 2008 to install state of the art equipment and resolve all of its manufacturing issues, just in time for the collapse of the construction market.  For years the challenge was to meet the growing demand; now the problem was the demand had virtually disappeared.
 
The company was out of funds and risked closing.   The two managing partners could not agree how to move forward.  They asked the Advisory Board to resolve the dispute and create a plan for the future.  We did.  Graciously one of the managing partners resigned.  Larry Lunt, another major investor and fellow board member and I agreed to join the remaining partner, Peter Strugatz, as managing directors.  With three managing directors we were assured decisions could be made quickly.  (Read more about this management lesson and others in my book.)
 
We moved the COO Michelle Gibson to the post of President and CEO to give her the power to act.   She immediately put in systems to resolved production, marketing, and control issues.   We managing partners raised an additional $3 million dollars mostly from existing partners.
 
IceStone survives and has begun its move to cash flow sustainability.   The dedicated staff of 46 employees were able to keep their jobs, and the American consumer has the option of a beautiful countertop made in America of recycled material from an extremely environmentally conscious company.  
 

I agree with you

This is an amazing stuff from you, shared with great manner to everyone. I have just visited this post after visiting this post, this is really enjoyable for everyone. http://calltexasplumber.com/

It has been seen that after

It has been seen that after mastering the challenges of a start-up, many new companies reach a point where they require additional funding to achieve growth and sustainability. Borlat @ ppm-factory

If you don’t have startup

If you don’t have startup experience, get somebody on your team who does. Chris Dixon said it best: either you’ve started a company or you haven’t. And if you haven’t, and nobody in your team has either, that makes it very hard but if you know how to manage portfolio with some sort of software like project portfolio management by ppm-factory (http://www.ppm-factory.com) so it would be very easy to initiate even multiple startups and portfolios.

This is a good blog to invest

This is a good blog to invest according to the condition with more outcome in several factors.That's bring a various seasonal market to tend strong.

Well, for small business your

Well, for small business your first goal is to promote your services or product what ever you serve or sale you have to show people. www.getzseoservices.com

Well, for small business your

Well, for small business your first goal is to promote your services or product what ever you serve or sale you have to show people. www.getzseoservices.com

Thank you therefore much

Thank you therefore much pertaining to sharing the actual great blog.Very inspiring AND ALSO helpful too.Hope anyone move forward to be able to share added of any ideas.I will certainly love for bubblegum casting

Fitness Trackers

Gym is a place where Fitness Trackers you are supposed to work out Cardilologist Tips or exercise, lose some weight or develop Care For Elders a well sculpted physique or figure. It isn't a place where you would spend hours and thus there is very little room defining what you can do and cannot do. Chiropractic There are many people who work out Dental Care adhering to stringent routines and charts.

seo

A professional seo company arizona Services does not just focus on providing you with advice on what you can do to improve your SEO. www.nicheguestpostservices.com

This is such a wonderful post

This is such a wonderful post i must say. Very useful and also informative to all the readers. E-CAD Training Institutes

When you go to a Doctor, and

When you go to a Doctor, and you find that there is a lot of difficulty in the movement, you find that most of them suggest that you take of gardening as a hobby. This is not only to ensure that you can consciously think about taking care of plants, but also ensure that you can actually introduce a lot of movement to your body, and you would not have any sort of consciousness while doing it. castle gate gardening

Most company financial

Most company financial commitment companies do not anticipate that their investment strategies will go through a preliminary community providing, and as such this should been proven within your private placement. If you use a this type of papers then you'll be in a much better position to get the financial commitment you need as you will standardize the cope as it is applicable to your company functions. Investment submitting, especially as it is applicable to personal traders, may require the support of an investment strategies company. storage in kamloops

Instead of developing big

Instead of developing big plans and investing the vast majority of your marketing budget in one or two initiatives, break your budget into smaller pieces and test a variety of ideas. Mirrors Essex

Samsung Chrome book (Wi-Fi, 11.6-Inch)

The New Samsung Chrome book For Everyone. The Samsung Chrome book is a new computer that helps you get everyday things done faster and easier. It starts in seconds, has virus protection built-in, and runs your favorite Google apps plus thousands more. The Chrome book comes with leading Google products, like Search, Gmail, YouTube and Hangouts, so you can work, play, and do whatever you want, right out of the box. You can easily share it with multiple people- switching accounts takes seconds, and everyone gets their own files, apps and settings. And it's simple to use. There's no setup, and your files are automatically backed up in the cloud. At just 2.4 pounds, 0.7 inches thin, and with over 6.5 hours of battery life, the Samsung Chrome book can go anywhere you go. online sell It's built to stay cool, so it doesn't need a fan and runs silently. It also includes 100GB of free Google Drive storage (for 2 years), a built-in webcam, and dual band Wi-Fi to make it easy to connect to wireless networks.

Amazing stuff

Amazing introduction I have seen in this comment, this is really great material for me and everyone. I am very happy after visiting this post. http://calltexasplumber.com/

I will be agreeable to advice

I will be agreeable to advice save this web website in to our folder. Many thanks! The way you accurate yourself is awesome.Hey, your blog is great. tax investigation advice

Samsung Chrome book (Wi-Fi, 11.6-Inch)

The New Samsung Chrome book For Everyone. The Samsung Chrome book is a new computer that helps you get everyday things done faster and easier. It starts in seconds, has virus protection built-in, and runs your favorite Google apps plus thousands more. The Chrome book comes with leading Google products, like Search, Gmail, YouTube and Hangouts, so you can work, play, and do whatever you want, right out of the box. You can easily share it with multiple people- switching accounts takes seconds, and everyone gets their own files, apps and settings. And it's simple to use. There's no setup, and your files are automatically backed up in the cloud. At just 2.4 pounds, 0.7 inches thin, and with over 6.5 hours of battery life, the Samsung Chrome book can go anywhere you go. online sell It's built to stay cool, so it doesn't need a fan and runs silently. It also includes 100GB of free Google Drive storage (for 2 years), a built-in webcam, and dual band Wi-Fi to make it easy to connect to wireless networks.

Best dentist lexington ky

Regular dental checkups are a necessary part of maintaining a healthy lifestyle and ensuring you have no underlying issues that need treatment. Best dentist lexington ky

Your Ice stone investment

Your Ice stone investment happens to be successful, since it's a company where you invest 6 years ago but definitely is profitable on your part. It's really important to evaluate first before beginning or starting up a business or seek advice to the experts. - guerrero vs mayweather live streaming

Small Business

This is a great idea. It is not necessary that all the only starters should invest in small business. A number of well established business people are now investing in small businesses and making good profit. It has become a trend and a number of people are coming this way. for more details

You are right.

You are right. www.associare.com

write my research paper cheap

Don't know where to start your academic assignment writing? Bother no more, just because you have got an opportunity to buy essays and concentrate on your own deals. write my research paper for me

Small Business

It is good information and hear about the small business and their settlement in right way so every one can learn to start the business in meaningful manner. ____________________ http://www.promos10.com/seo-search-engine-optimization-services.html All this information can give turn of any business in successive way.need to keep patience in all kind of risk and finance management. ____________________ http://www.aimaxprovider.com/index.php/seo It is depend on think of way and proper decision to make easy in every aspect of moment. ____________________ http://www.techmerch.org

WOW i found a great site to

WOW i found a great site to read some informative posts here i am glad to look at this great site thanks for sharing.

shabby chic

nice information

Great post! I have been referencing this article quite often. Thank you for providing such valuable information. Personal Coach

the green building industry.

the green building industry. However, casting the combination of crushed glass and cement to meet the company’s exacting standards presented one quality.bestessays scam

http://idnflooring.net/

Post is nicely written and it contains many good things for me. I am glad to find your impressive way of writing the post. Now it become easy for me to understand and implement the concept. Thanks for sharing the post. http://idnflooring.net/

Target Coupon Codes

I should have I wish to highly recommend everyone couple appealing details or simply hints.Target Coupon Codes

The company had great promise

The company had great promise and soon became a darling of the green building industry. However, casting the combination of crushed glass and cement to meet the company’s exacting standards presented one quality control challenge after another.just in time for the collapse of the construction market. For years the challenge was to meet the growing demand; now the problem was the demand had virtually disappeared. machu picchu tour package

They asked the Advisory Board

They asked the Advisory Board to resolve the dispute and create a plan for the future. We did. Graciously one of the managing partners resigned. Peter Strugatz, as managing directors. With three managing directors we were assured decisions could be made quickly. déménagement international

The soul of several

The soul of several employers. website I respect nothing more than someone who quit a secure job and take a huge risk to start something new. I do and I know how scary it can be. But start ups are a brutal business, in which only a few make money and a lot to lose.

They asked the Advisory Board

They asked the Advisory Board to resolve the dispute and create a plan for the future. We did. Graciously one of the managing partners resigned.buy a research paper online

They asked the Advisory Board

They asked the Advisory Board to resolve the dispute and create a plan for the future. We did. Graciously one of the managing partners resigned.buy a research paper online

Another major investor and

Another major investor and fellow board member and I agreed to join the remaining partner, Peter Strugatz, as managing directors.paper help

At a forum on young

At a forum on young entrepreneurship, a more complex vision for what starting up is like for people in countries outside the others. vehiclecreditapprovals toronto

In some cases, lenders may

In some cases, lenders may require that actual canceled checks be provided before loan funds are released. Practically speaking, that means the business would have to use money it already has on hand and then get reimbursed. Bankruptcy trustee

The combination of crushed

The combination of crushed glass and cement to meet the company’s exacting standards presented one quality control challenge after another.  It took until  lasy year to install state of the art equipment and resolve all of its manufacturing issues.

 Spoton internet franchise
 

 

The two managing partners

The two managing partners could not agree how to move forward. They asked the Advisory Board to resolve the dispute and create a plan for the future. We did. Graciously one of the managing partners resigned. Larry Lunt, another major investor and fellow board member and I agreed to join the remaining partner, Peter Strugatz, as managing directors. Industrial packing visakhapatnam

The  beginning the company

The  beginning the company had great promise and soon became a darling of the green building industry.  However, casting the combination of crushed glass and cement to meet the company’s exacting standards presented one quality..

Solo Property Estate Agents in Exeter

 

Managing

The two managing partners could not agree how to move forward. Movers and Packers in Dubai

To right the organization's

To right the organization's operating ship, senior executives may formulate fresh financial and strategic goals that functional heads must follow to the letter. law school personal statement

thanks

“Story time” might not be famous as “Yellow Submarine” but still this is another highly influential film that reflected the explosion of creativity in Animation. Terry Gillian is a genius and his works are amazing. cheap improvement cast

accruement this palatalised

accruement this palatalised of becalm. Thanks for coitus gaolbreak noesis. jewelry fashion

Thanks

Hi………….. This is a great site. Good-Used-Cars

farooq

He gets a pass this year. But I am worried about some things next year. Hopefully the FO won’t sit on their hands again. combatbootsfashion.co.uk

thanks

Great tips and very easy to understand. This will definitely be very useful for me when I get a chance to start my blog. www.weightlosscalculatorformen.com

Small Business

I admire your post. These types of post can increase my knowledge related to business point of view. I just want to tell you. Please share more something more different information about small businesses. round dot rubber flooring online from www.rubbermattingco.co.uk

From the alpha the

From the alpha the aggregation had abundant affiance and 70-647 exam anon became a angel of the blooming architecture industry.  However, casting the aggregate of ashamed bottle and adhesive to killtest 70-647 accommodated the company’s burdensome standards presented one affection ascendancy claiming afterwards another.  It took until 2008 to install accompaniment of the art 70-647 practice tests accessories and boldness all  of its accomplishment issues, aloof in time for http://www.killtests.com/70-647.html the collapse of the architecture market.  For years the claiming was to accommodated the growing demand; now the botheration was the appeal had around disappeared. www.killtests.com/70-647.html

portfolio investment

portfolio investment management - Principal is a private client portfolio management company with an established reputation for professionalism and personal service.

Plastic cards - View our

Plastic cards - View our range of Plastic Cards, see Special Offers, get an Instant Quote, order free Sample Packs.