|CenteRRail LLC Core Group|
I have been a member/attendee for the past 6 years and enjoy the group very much. Accepted, appreciated, and comfortable. There I have met interesting entrepreneurs and business leaders. One had an invention to generate electricity using the wind in a 20 story round structure. Capturing the wind from all directions and generating electric power in a pleasant looking building befitting an urban surrounding. This never went anywhere due to inventor issues.
As one of my venture capital friends states, "In business, you bet on the jockey - not the horse."
|Palm Beach Business Group|
This week’s presentation is one of the most promising I have seen in a few years. It involves leasing the unused space between the rails of the railroad tracks and installing unique/patented solar-electric panels to generate electricity. Space is leased from the railroads; we install the panels and the electricity is sold to the grid or directly to the railroad. A win for the railroads,; utilizing the unused space; the yield is about 47,000 kWhr per mile per month. In dollars at wholesale electric rates, $4,500 per month or $54,000 per mile annually. There are already letters of intent for a 6-mile prototype installation and written interest from the Florida East Coast Railroad (FEC) which has 351 miles of track. The company will be a manufacturing company, producing revenue from selling/installing solar panels. We are a leasing partner with the railroads. Website
As they always ask on Shark Tank – “What is needed and what are you willing to give up?“ Available is a 20% stake in CenteRRail LLC for $500,0000 (or fraction thereof). A 20% position should return about $490,000 the first year with that doubling each consecutive year thereafter.
I helped write the business plan and put together the financials. Already on board is obviously the inventor (a friend), a long-term railroad attorney/consultant and the founder of the Palm Beach Business Group. If we are able to secure funding, I will be the interim COO. I am not soliciting investors although if anyone is curious I will share the business plan. This is a risky venture as are all start-ups.
What I am encouraging is meaningful “Escapes”. Push the envelope - Meet interesting people. Make connections. Make your time “out” meaningful, interesting, and fun. You never know what careers/friends/fun might occur.