I’ve been thinking about that phrase, doing good by doing good a lot these days given the Katrina disaster.
Today, one of our portfolio companies and I worked out a plan to do just that.
We have an investment in a company called GenesisTP.
Part of the mission statement:
“Genesis® is a world leading light-steel building technology and advanced technological breakthrough building solution. Currently used to build residential and commercial structures throughout the world, Genesis features structural-grade, galvanized steel framing materials, in lieu of traditional softwood lumber, concrete or masonry block construction.”
Genesis can create panelized kits which are complete light steel buildings delivered to building sites for assembly. Our investment centers around the amazing (at least to me) technology which makes all this possible. The facility where we crank out the buildings is, in effect, our lab and revenue to continue building out the systems which we believe are key to a great investment.
What all that means is we have a facility that can turn out homes, elder care facilities, condo projects, apartment buildings, churches, strip malls, etc, that are rated to withstand 160mph wind, in effect a Cat 4 hurricane. They are cost comparable to wood, will go up fast and will stay up.
In light of all the towns that are not in the press spotlight and seeing relief trucks flying by, we thought it would be a great idea to try and go in to help rebuild some homes. Donate some homes, in kits, that can replace the structures which were destroyed. Maybe homes, maybe a senior care facility, small town heath clinic, etc. The point is that we will donate a bunch of this to try and help.
Next. We believe that we have a solution here that can help for the next time which is likely. FEMA is casting all over for housing solutions and, not surprising, many are cashing in on this windfall of gov’t contracts. Shameful price gouging but that’s for another day/post.
Given our focus on the systems, we’d like to offer up our facilities to FEMA, claims adjusters, etc, as a way to maximize the dollars spent for the rebuild plus put something up that will stay up. We aren’t looking to make our money/fame/fortune in the buildings rather the systems/IP we are creating so pretty near ‘at cost’, I hope, will afford many the opportunity to rebuild faster/better/cheaper.
And this time the places will ( I hope) stay up.
From the blogging community readers/bloggers, I’d like to ask for a few things:
1. If you know your way around FEMA, the feds or local gov’t and would be willing to help us get involved, please contact me at 416.367.2279 or firstname.lastname@example.org. We’re not looking for a consultant to help us cash in on gov’t contracts rather making helping us become known as an “at cost” alternative to rebuilding options. We want to help, not rip off my country in a time of need so don’t call unless you can help.
2. If you can help us with finding a small town that really got hammered, is “off the grid” so to speak, please contact me as we’d like to donate as much as we can to help rebuild. If you know of local officials who are trying to get stuff rebuilt and want an ‘at cost’ type solution, please get in touch with me as we can build/deploy hundreds of homes/bldgs per week and would be glad to donate time, effort and margin to help.
3. This is a case of where the “A” list bloggers can help so please help with some link love and get them to send smart people my way so we can help rebuild.
I’m hopeful I can start the process of getting towns to adopt smaller towns that have been destroyed. This is a first step.
Our company will do good by doing good so your ideas and suggestions would be sincerely appreciated.