Thursday, June 4, 2009

How to Change the World and Make a Trillion Dollars

Well, if I ever needed THE prime example of how Club E's mission of "open source entrepreneurship" works...I need look no further than an introduction made over a year and a half ago at our Tempe (AZ) chapter meeting.

In that meeting, our host of the facility happened to be our featured speaker and in the Club Entrepreneur audience, were two members that had been collaborating on technology that promised to literally change the world. One member, an off the charts scientist, has been responsible for over 270 technologies derived from 66 patents and patent pendings in the alternate energy field. Indeed, this visionary had been driving his own hydrogen-powered automobile for over 25 years!

My dear friend and fellow Club E member, who had worked with me on the curriculum and structure of what turned out to become the Nation's first College of Entrepreneurship, had been working diligently with our scientist member for some time. My friend's conclusion was definitive...the technology that had been developed and proven could well become the answer to first America's and then the world's energy crises. All he needed now was the money and skilled business management to take these technologies to market.

The opportunity to make this happen occurred at the Club E meeting at our Tempe location. Part of our guest speaker's talk to our collective group that evening included his personal belief in diversifying his portfolio (he was heavily vested in commercial real estate development) and doing things for the greater good. My friend took our speaker's message to heart and went right up to him at the end of his talk. A meeting between them and the scientist was arranged and the rest, they say is history.

Now, of course it wasn't that easy. Our host is a very practical man and although quite wealthy, he didn't get there by not doing his due diligence. Over the course of literally months of meetings together and studying the opportunity brought to him, a decision was made to join forces and a $3 million investment was offered and accepted. Thus began a year and a half of stealth operations that included the creation of working prototypes and extensive intellectual property protection on the myriad of technologies created and constantly being created by the resident genius.

A call was received by the financier out of the blue about a month ago. He wanted me to meet with him and his core team at one of both of our favorite haunts, La Grand Orange in Phoenix. That meeting proved to be very, very interesting.

A great deal had occurred since that Club E introduction a year and a half ago. The commercial markets had all but collapsed and our former real estate billionaire was not one any longer, through no fault of his own. He openly shared that his mid eight figure net income had become an even higher eight figure loss in the past year. He also freely admitted that had he not invested the $3 million when he did, he would never have it is in the current market to do so.

What was shared with me in the actualized vision complete with seeing a working prototype with my own eyes was nothing short of amazing. I asked what I could do to help and was told in quick fashion that recognizing my own "genius" of putting people together, I could help with the following:

1) Introduction to someone who was well-connected and would make a credible and
believable spokesperson for the new energy company.
2) Introduction to the highest level of the automobile industry.
3) Access to financial resources for second and subsequent rounds of funding.
4) Introduction to T. Boone Pickens.

By later on that same afternoon, I had connected my friend and his group with the ultimate connector and spokesperson, who is now happily employed at the energy company and producing great results. Next, I set up them up with my connection who is firmly entrenched in the highest levels of Detroit's automobile industry. That same individual, operates a $150 million alternate energy fund and is also wired into numerous potential funding sources for this enormous project. Finally, I managed to find direct access to T. Boone Pickens through a friend in Texas. It turns out that the energy company had access to Mr. Pickens through another source and actually met with him on his wind power efforts, which is well complemented by several of the energy company's innovations in this field.

Further conversation revealed that what I was being shown was just the tip of the iceberg and arrangements were made for me to visit their headquarters to be taken through the particulars of the sweeping energy initiatives that had been fine-tuned over the past eighteen months.

What I learned during my first and subsequent meetings with this group of Alternate Energy pioneers included but was not nearly limited to:

A working prototype that took solar energy and converted it to hydrogen, through a low cost carbon fuel cell, which then converted it to energy that turned to wind power and then to electric power. One of the many innovations of this product was the elimination of the prohibitive cost of $91 per gram for platinum that was no longer required for the fuel cell in order to convert solar energy to hydrogen...a major accomplishment because the carbon fuel cell was now virtually free.

Injectors that can convert every car on the planet (some 800,000,000 vehicles) to accept literally any type of fuel (hydrogen, bio diesel, vegetable oil, kerosene, and on and on) to run the automobiles' combustion engines. What is truly amazing is that these injectors can be installed in any car in the time it would take to change the oil.

A power source the size of a single car parking space that is powered by the garbage disposal and other waste matter from a building 30 stories tall which would provide 100% of its electric needs...completely off the grid. The larger the power source units are built, the more buildings that can be supported...completely off the power grid and powered by its own waste.

One of the most intriguing and far reaching inventions was the conversion of the "black water" that congeals at the depths below each of our country's 14,000 landfills that when converted to energy from the inventor's process can single handedly eliminate up to 25% of this country's dependence on foreign oil.

Sixty six patents and patent pendings producing 270 (and counting) technologies...have been the fruits of the association of this uber-brilliant inventor and the team of dedicated Alternate Energy entrepreneurs. There is literally no end in sight of what this group can accomplish and what they are doing will literally change the face of our world.

Quickly, I came to realize that the rapid shuttering of America's automobile manufacturing facilities could be reopened and retooled to install the conversion kits that will allow these cars to operate on literally any fuel available.

Next, I surmised that teams of start-up entrepreneurs could be tasked with monetizing the various technologies that were springing up from this group's work, perhaps operating on a license or sub-license agreements. With the thousands (and growing) members of our own organization (www.clubenetwork.com) available to help undertake these projects, many new businesses could be created, employing large numbers of people and creating products that could help us all.

Additionally, scores and scores of laid off workers could be fashioned into start-up support teams to implement new businesses created from these hundreds of new technologies...enabled by the skill sets learned from the ever growing Start Up Now workshop program (www.startupnowworkshops.com)

In all my years of entrepreneurship, I have never seen one project (the Alternate Energy Company) with so many applications that make so much money and change the world for the better. Through discussions with the core team, it has been conservatively estimated that the collective financial impact of the Alternate Energy Company's revenue will exceed over a Trillion dollars!

Needless to say, if ever there was a prime example of the power of Club E and the connective power of "Open Source Entrepreneurship"...this is certainly it.

Now it's time to get to work, help make a trillion dollars and save the world. All part of the entrepreneur's day at the office...

Best regards,

Peter J. Burns, III
Founder
Club Entrepreneur (www.clubenetwork.com)
eFactory (www.clubefactory.com)
College of Entrepreneurship (www.clubefactoryedu.com)
"We Are America's Bailout" (www.weareamericasbailout.com)