Investment pitch to David Du

This is the first ForumWorksAsia investment pitch, and I didn't share it with Meiling before. no perticular reason but to assertment to what I do.
mountain climbing as usual - whenever at home without raining, this should be kept as good routine. I check the slide I am going to share with David.
Brought the grape fruit Wu Sheng - my junior high shcool classmate courier as token, get on the taxi with Meiling, we are bothered with the taxi driver who is - to my understanding an Amy Way sales.. Meiling left the car at Kuang Kung and I have to take another 10 minutes bombing in the car.
David aware of my resign from Spirox, with no perticular response, he asked my plan next, so to paraphasing this question, I share with him the funding of Forum Works Asia - how I plan to convert Forum technique to corporate and build the adult leadership developing insititution as my vocation.
David is nice and precise / picky as always, but why I choose him as my first partner to build it?
1. Funding is not a big concern to him, especially for this very humble beginning
2. He equip with complementary role with me : prudent, detail, longer view and pragmatics
3. as the sencond generation in investment arean, he probable know all the fact and behavior among all the TPO / YPO compines. a very good mentor to me.
4. buuld a jointly sharing platform for initative other business in between.
This is what I should think hard:
1. David don't want to waste time in " Developing " or cooking potential with people he don't know - the opportunity cost
2. He never want to take majority control
3. The more invetor , the better mindset.
4. Carful in early design of the company and see the mid / long term exit plan for protecting his investment
5. Alice Lee - David's lovely wife plan vital role in joint decision making.
6. Sensetive in how people running the company spend the money.
I set up a follow up meeting with him on Friday. and see how he response to my very simple prposal and at the same time, I am prepare to answer question like:
1. product development
2. pricing stratagy
3. corporate postioning and developing plan
4. marketing idea
5. other involved in next step
2 hours with David, he then share with me David Yang's trouble mode, his company H.I.T might go bankrupt if no other running cash inject by end of July and he need 20 millions NT to save the company, David D is reluctant to grand his help this time. David told me he rather take the initital 15 millions investment a lost, but not to lent him 20 million again, and told me the credit line for 50 millions have been use by HIT, if the company go bankrupcy, then the liabliay will be bore by his company, he is asking David Y to solve this problem now.. this is the same story happen again, the old drama is to borrow money, then can't return the money, convert debt to share, and then dilute the company, the second run investor suffer the lost, since the snow ball getting bigger and bigger, the investor is difficult to bail themsleve out of this trouble, and the friendship is dilute and gone....... first is Chew Chun Chin and now its Du Heng Yi..
David told me David H once asked him to cut HIT price deep and take it over and revitalize it.. David D is reluctant to do it as we are all " FRIEND ", you should not take advantage of your friend... pretty much like my situation, need a job or salary to support family, so you perform a bossy attitude and sore the friendship... Hmmm, better think it over.
Accton is another investment David H is not happy with, although David Jr. obtain a good future in Accton, well, David Jr. is the spy to the company, he disclose many information to his father - the Supervisor of Accorn- wait a minutes, a supervior of listing company entiled to know it , right? so. the interanl transfer price is a financial engineering which to keep the parent profitable, but all the trading / transaction company suffers.. not a healthy strategy.
Lunch at Tien Ho organic market - at the experiment kicken, guess who I met there? Richie Walker, the long time friend back to Sony Music Day, Richie is a famoue radio DJ at ICRT.. and now his is dealing health cupplyment to COSCO and relocate to Bangkok now...
GIO judge panel meeting is great, I met all the old friend there : Sunny Lin - for more than 10 years I think, Lien Chu Ren - formal GM of HIT FM, Michael Chang - formal MD of Warner Music, and Ketheerin - formal employee of Sonet and now working in KK box.. one more - the famouse Ting Shio Wen, I was elected to chair this committe, I like it thought.
spend a wonderful evening with family.. yes, time to develop my Product today.