Case Name :      Jim Poss

Authors :           Carl Hedberg, William D. Bygrave

Source:              Babson College

Case ID:             603C

Discipline :        Entrepreneurship

Case Length :    18 pages

Solution sample availability : YES

Plagiarism : NO (100% Original work)

Jim Poss’ enterprise, Seahorse Power Co. (SPC), was an engineering start-up that encouraged the adoption of designing products that were cheaper and more efficient than 20th century technologies. Poss was sure that his first product, a patent-pending, solar-powered trash compactor, could make a real difference. After funding the product development and testing, by may 2004, SPC had six team members. They had all been given an equity stake in exchanged for their part-time services. Poss was seeking funding to allow him to take the business to the next level–a larger production run with reduced component costs and increased production efficiencies. Chronicles the evolution of the company and places Poss at the critical juncture of deciding how best to deal with potential investors and funding alternatives.