Business Plan
Presentation
( July 2018 )
BUSINESS MODEL
Online to Offline
( O2O
Let's revolutionize the auto glass industry together
Executive Summary
We are a service provider of vehicle technology windscreen repair base in Selangor,our business objective is to save time and money for customers while at the same time we are committed to helping reduce replacement windscreen waste in our landfills environment.
Insurance companies love windscreen repair because it saves tons of money and time from replacement claim.Windscreen replacement is often covered by insurance plan.In fact most insurance companies will even waive the deductible amount of windscreen repair,making it even more affordable for customer
Our future plan of Online-2-Offline (O2O) the vehicle glass repairs and replacement industry in Malaysia.Increase in mobility of services with service teams limited at 100 technicians.The convenience level for customers will increase if door-to-door services can be provided at any locations near customers’ homes or offices.This is likely to be an especially lucrative opportunity where people have long working hours. Door-to-door services are generally provided in online platforms so that customers can make appointments online on their computer or by smartphone mobile app.
More and more young people spend their time on the internet and mobile internet,they use phones to do everything, they use them to buy products, buy services, call a taxi and wash their car. We will provide services more than auto glass solution in the future which we call it ‘automotive platform’. It could include car repairs, car maintenance services ,car dealer,automotive spare-parts & accessories and so on.We believe that the market can be as big as the alibaba.com & Lazana platform.
AUTOMOTO GLASS is much more than a auto glass services. It’s about using technology to save our customers’ valuable time and hassle.Windscreen mobile service gives customer even 1hour extra time to spend with family or friends.
Windscreen repair service is proven demand with strong future growth potential.
Mission & Vision
- Mission is to become the recognized leader in its targeted market for windscreen repair services.
- Vision to creating new job also contribute to economic and to create shareholders wealth by growing a business.
Services and Products
- Our revenue is principally generated from the provision of vehicle glass repairs services.Our vehicle glass repairs services may be provided at our service centres or at such locations door-to-door services as requested by our customers with our motorcade teams of technicians. We had service centres located in Bandar Sunway,Petaling Jaya,Selangor.
- To development of mobile apps and platform smartphone.Car owner with sudden break on the windscreen.Traditionally,one has to call the automotive workshop or go one by one windscreen replacement outlets is time consuming.The new Technologies allows smartphone users to choose pricing of their preferred professional repairer by setting a location and at the same time,track the repairer arrival without having to make a call.Unique Global Positioning System (GPS) that pinpoints the nearest technician with an accurate Estimated Time of Arrival.To pre-book a day in advance,by sending a private massage on it Facebook /Website page or Whatsapp containing Picture,Address,Time and enquiries.However,customer are advised to downdload the company apps and subscription membership.The platform would respond to the request with a proposed price based on the damage or with insurance coverage is free of charge.We will dominate the market because no other company has this unique feature.
Although the automotive glass service industry was not regarded as demanding in a high degree of Technology,several innovations have change the way business operate.Computerized in which technician were tracked of Dispatch instructions,Length of time in one job,Price transparency,Analytics to identify technician job performance rating and Big data of customers base.
Customer Profile
Currently for professional windscreen repair service the market will be locally based in Klang Valley.Target market include customers in the mid income range and High Net Worth client willing to spend for expectation of good service. ( See our Video page of windshield repair and customer demand )
Customers and client are to use our services over that of competitors because of the convenience,performance,track record,more reliable service and specialist focus on ability.
Competition and Auto Glass Industry Leaders. ( Competitive Analysis & Industry Analysis )
Specifically,auto glass competitors include:
- Glass Mechanic Sdn.Bhd.(glassmechanic.com.my) Focused on windscreen repair only and panel of insurance companies.Operating in shop and do not offer out door service.
- Bumi Auto Glass Enterprise (facebook.com/bumi.glass) is a bumiputra company pioneer in windscreen repair Training Provider and business dealing with Government.
- Dr Windscreen Sdn.Bhd (dr-windscreen.com.my).Family owned company,specialist in windscreen replacement with eight branches.Business operation do not have capacity windscreen repairer to handle a customers demand.
- Dolwa Auto Glass Sdn.Bhd (dolwa.com.my) Ampang & USJ shops,specialist on windscreen replacement only,appointed third-party windscreen repairer.Top Auto glass industry Wholesale Distributor to other independent windscreen business operator and auto workshops.
- Independent windscreen replacement specialist.Operator on this industry depends on the area.
We believe that Malaysia is big,but in some cities may be small population base.
- Authorized Car Service Center like Perodua,Protron,BMW,Mercedes and others.Windscreen charges is very high because of original auto glass and professional workmanship.
- Dr Cermin Sdn Bhd (drcermin.com) Is the most prestigious windscreen specialist in Malaysia.
Good business organization with sixty branches,forming other companies and associations.
Strategic groups are groups of companies working in the same industry and competing based on the same factor.Companies belonging to different groups aren’t paying enough attention to the behavior within other groups since they are competing within their own group.
The Auto Glass Industry is forever growing because windscreen is 4mm two thin layer of glass and easy to
break or crack.Small rock which are flung into the air by other vehicle tires.However,sometimes this damage is unavoidable.
Our competitive advantage will be cutting edge technology which is unique to auto glass industry in Malaysia and Southeast asia.
The most important is our trade secret,marketing strategy and business idea as a valuable business information that is not generally known to a third party.
Competition is good,because we will work hard to stay in the war and see the weakness of competitor
and solve the problem.
Strategic relationship.
Our Blue Ocean strategies is create by introducing value innovation,an important effect of cost reduction.
We will continue to establish relationships with organizations that will enhance professional growth.This alliances are valuable to further business expansion plan.
Furthermore,we intends to explore merges and acquisition and investment opportunities in vehicle glass repairs and replacement business and other business,so as to further strengthen our service network and increase its market share to maintain its leading position in the auto glass industry.
We work based on the mission that is to provide innovative and productive solutions to the customers.We use latest and unique ideas for providing win-win solutions in order to help customers and associated business partners.
We don’t create Red Ocean to destroy or defeat competitor.We don’t want to make people lives miserable.
Benefits of the Partnership Model.
On the Insurance side,the partnership allow our service to reach to policyholder and new customers.
To cunsumers with more option and easier access to benefit of windscreen repair withour pay.
The main objective for our company through partnership is attract more auto windscreen policyholder to accept benefit of windscreen repair service,this will be revenue advantage for us.
The insurance industry is facing tough times,people are spending less,costs are rising,margins are shrinking and with stiff competition in the insurance sector.
With declining car sales,it will be hard to push for growth in auto insurance,so growth in this segment relies on new car or second-hand car puchases.car sales need to improve.
Many in the motor insurance sector are loss making segment due to high claim.But a number of bigger player are profitable,enjoying profit margin at about 10%.It wouldn’t make business sense unless willing to accept a low margin to sustain customers’ and to increase market share.
Some insurance companies have introduced new road assistance products that help customer when have car accident or breakdown,usually town truck charges around RM 150 to RM 250.
The initiative includes offering assistance in getting the vehicle to an authorised panel repairer and delivering it back.The insurance companies are likely to bear the cost,even for windscreen replacement and windscreen repair.
Many other independent windscreen repairer and Dr.Cermin windscreen replacement have tried to group together imitate the AUTOMOTO GLASS business model to partner with insurance companies but to date none have been as successful.Even insurance company appointed panel windscreen repairer from our trainee and GLASS MECHANIC also unsuccessful to serve customers nationwide until now.
The reason is due to lack of expertise in repairing and non focus.Moreover,a high cost of equitment repair kit,spare part,accessories and resin are Imports from other countries tend to be expensive.
Business operation do not have technology and capacity windscreen repairer to handle a customers demand.
Most anyone can purchase a Windscreen-Repair system and learn to do quality repairs.But few have discovered the exact techniques to consistently make it work.
Competitive
Our company receiving investment generally have the ability to be a market leader and often capitalize on "first mover advantage" in other words,being first in a growing marketplace or industry sector compare to other competitor.
Key contributing to the successful business model are passion,mission,vision and ideals.
Solve customer or client problem and most important business ecosystem and business innovation.
People want better brands and better customer service.
We AUTOMOTO will be Well-known brand and services like Technology Uber,Hotel Trivago and AirAsia.
We have the products,services and people.
Strategic Alliance ( BUMI AUTO GLASS ENTERPRISE )
Our company has strategic alliance with BUMI AUTO GLASS ENTERPRISE,the only company as a Training provider and distubator of windscreen repair kit in Malaysia.The company was established in the year 2009 with proven track record over the years in windscreen repair training industry of providing high quality delivery systems,learning module and conduct a seminars & workshops with systematic that no government institutes vocational skill training or other organizations can do without.
The main agenda is to give young entrepreneurs or youth development the basic foundation to start a business and in long run they will become job creators or trainer.
BUMI AUTO GLASS have trained numerous of trainee became a windscreen repairer and has manage to share its knowledge to rural areas in Malaysia and creating chances for the people to make a living.
These alliances are valuable to us because to get added support,they will building and growing a strong and stable skills technician workforce helping us maintain a competitive edge.
BUMI AUTO GLASS ENTERPRISE has set up a franchising programme to invite external business partners to help run AUTOMOTO GLASS SDN.BHD operations
Risk Factors and Challenges
- International competitors.The history of Technology Windscreen Repair was started in the USA since 1970.It’s been 48 years (1070~2018) still haven dominate market in asia,because doing business in another country and another culture is always difficult.
- I.Y.In the Market,the rates for windscreen repairs are higher in the range of RM130.Windscreen
repair kits in small packet are available at online stores for the do-it-yourselfer (D.I.Y) price selling at
RM 80, but they don't do the job as well as the professionals can do it with labour charge of RM 130.
The professionals have the best equipment available,complete material resin and much more experience competent hands.Unlike most DIY,are not easy to do all of the different kinds of glass breaks such as bulls-eyes,start breaks,crack and others.Each requiring a different treatment.
Many people lack the ability to fix their windscreen on their own.Once mistake will waste of money.
Do-it-yourselfers, on the other hand, run the risk of applying too much weight, causing a shatter.
Furthermore,if the resin is injected in the wrong place,the crack will spread and no longer be fixable.
- Company continued success is dependent on the key management personnel and is
dependent to a significant extent on the continued services of founder and Chief Executive Officer.
Economic Outlook
Slowdown in the economy has also greatly impacted real estate sales, which has halted to historical lows,stock market uncertainty,weak consumer spending and the ringgit currency suffered.
However, this should not have any impact on auto glass industry ability to generate revenues as anyone with a damaged windscreen will require the Windscreen specialist solution provider.
Windscreen play a major role in keeping driver safe.
The auto glass industry has grown rapidly in the last 20 years because of the huge increase in the number of vehicles on the road.
Sustainable Business
The Auto Glass Manufacturers is forever growing because the population is growing and the need for Original Equipment Manufacturer (OEM) auto glass is becoming more important from Auto Car Dealer or Auto Service Centre like BMW,Mercedes,Toyota,Mazda,Hyundai,Volvo,Audi and others.
Because of great demand and profitable,manufacturers do not develop and innovative new windscreen that it hardly damage or even with latest technology plastic film or liquid glass coating on the surface of windscreen won’t last long because it will scratch by wiper blade.
Materials such as plastic will never replace glass.Windscreen became more and more advance technology with it example like system auto sensor and digital vision or indicator on the windscreen.
And the predictions are that repair will continue to grow as insurance companies and consumers understand the cost and product benefits. Today windscreen repair is an accepted services.
Implementation Summary
Potential customer ( See our Video page of windshield repair and customer demand )
Clients are the most important part of our business.We has an extensive customer base.
All the years our business revenue are word-of-mouth from individual customers,recommendations from associated platform,auto workshops,second-hand car dealers and corporate clients (see our video page)
Our business model is simple,provide only the best products and services possible. We don't have any salesmen on marketing, we don't advertise in magazines, we don't exhibit at business opportunity expos.We really haven't had to sell our service.Its referral business from existing customers.
Benefit mall operators to attract shoppers.
Windscreen specialist outlet at car park.Shopping Malls is most visited people compare to shop lot.
Customer to the shopping mall would have the option of parking at a car bay to repair their damaged windscreen while they went in to buy groceries or shopping.By the time they were back in 1 hour and ready to go.At the same time we do a Roadshow and Promotion at shopping malls to attract customer.
Add value,one stop centre Renew vehicles Roadtax,Insurance Health care and Windscreen Replace.
According to the statistics most consumers were willing to spend money at shopping malls and would pay more for a better service,especially the wealthy people or middle-income group.
Insurance companies.
Target Insurance companies.This segment refers to insurance companies who have entered into agreements with designated service providers to provide vehicle glass repairs and replacement services to the policy holders at agreed rates.
We intends to strengthen the relationship with insurance companies, and continue to explore the potential cooperation opportunities with insurance companies and agent insurance companies in order to broaden its customer base,they refer customer to us.
Nearly 70% of car owner windscreen uninsured,agent can offer customer the benefit of mobile service with trusted repairer.The company’s reputation for customer service and other benefit prevent policy holder switching insurance companies.
Automotive workshop and service centre.
Develop ongoing relationships with other automotive repair service that do not offer windscreen repair service.Most automotive business do not have the equitment or expertise on side to repair windscreen,
but they all deal with customers who need the service.We give them a special deal and have a contract
with them to fix the Windscreen on their customer vehicles.The more commercial contracts we have,the more repeat business will have.
Many car owner rely heavily on their car to trustworthy mechanic and reliable car workshop.
For example.In the very same way we trust doctors,many car owner place the lives of cars in the hands of skilled mechanics about car maintenance for safety on the road.Simply because they lack the knowledge and expertise to take matters into their own hands.
If car owner need to repair or replace windscreen,mechanics will refer to trusted specialist.
68% of Malaysians refer to friends and family for their current mechanic.
63% of Malaysians find it difficult to find a trusted mechanic.
We view our clients as partners and work collaboratively with them to achieve results.
Second-hand car dealers
Network with Second-Hand Car Dealers.It’s tough to sell a car with a small break or litter stone chips on the windscreen.Nowadays people know windscreen if don’t fix it one day the break will crack longer and with so many stone chips will damage the windscreen wiper.Dealers regularly hire Windscreen-Repair Provider to find out what it would take to earn their business able to sell car and save money.
For new car dealers,any test drive on the road might hit by a small stone or salesman drive the new car for undergo a mandatory inspection by puspakom.Stone chips on the windscreen must fit it before delivery the car,otherwise if not owner could possibility request to replace the windscreen of new.
Customer loyalty programs.
Partners with BonusLink,Petronas Mesra-Kad companies and Credit Cards.
Each time consumers pay for their purchase by cash together with the BonusLink card,points will
accumulate and to redeem for fabulous gifts included sevices like windscreen-repair.
Automotive Club Group.
The company will also participate in various activities held by auto clubs around the country to create awareness about the insurance products and services available.
Marketing Plan
Television advertising and advertisements in local newspapers will be the company's main marketing channels.These channels ensure that target customers are reached repeatedly and effectively.
TV advertising is one of the most powerful ways to reach potential customers,has earned an excellent,successful track record of promoting products and services for over half a century.
TV advertising has many advantages as below;
Build a BRAND-
In the customer’s mind,creates awareness of the product,service and most importantly about company trustworthy and reliable to which customers are able to recall or recognize.
Creates Awareness-
A convenient to widespread popularity and the easy way with a message can reach millions of viewers nationally.
Target Audience-
Its’s easy to reach potential customers and to get a message out.For example,allows to show actually demonstrate how windscreen can be crack larger if don’t fix it early,picture of Before & After repair and other promotion on our company website to benefits customers.It will influence customer’s purchasing behavior.
Marketing Programs
Additional Plans--The company also has additional promotional plans which are diverse and include a range of marketing communications described below:
ATA PLUS Services,BUMI AUTO GLASS Trainees and SME ASSOCIATION of MALAYSIA platform will spearhead the marketing campaign and digital advertising.
- Company representatives,business associated and insurance partners will attend and participate in several trade shows to keep up with changes in the industry.
- The company's print advertising program will include advertisements in local journal publications automotive and lifestyle magazine like Malaysia Tatler,MotorTrader Magazine and SME Magazine.
The feature articles on professional service provided in publications is to building Brand awareness.
- The whole idea of having a road show is to promote and make people aware of the company windscreen repair service free of charge and how these promote insurance brand can be of greater advantage to insurance companies has parnerships with us.
Customer Preference
If an organization has a good reputation in the marketplace,customer may have a preference for that company even if there are similar businesses offering the same products or services for different prices.
Like any business, many of customers are repeat and referrals based on quality of service.People often take the recommendation of a friend instead of going out on their own to deal with an unknown. Windscreen repair service takes customer service to the highest level, so company gets repeat business from regural customers or client that won't ever deal with anyone else.
Comparison of different type business by Industry.
SUCCESS STORY
Ø Q & M Dental Group ( www.QandmDental.com.sg )
As the largest private dental healthcare group in Singapore.
Q & M Dental is a growing private dental healthcare group in Asia. It was listed on the Mainboard of the Singapore Exchange Securities on 26 November 2009.The Group operates the largest network of private dental outlets in Singapore and is building its presence in the China and Malaysia.
It also owns dental supplies and equipment distribution companies in Singapore.The Group has a team of more than 200 experienced dentists, supported by about 380 clinical and administrative staff in Singapore, to provide quality service to its patient pool of more than 600,000 island-wide.
The Group has a total staff strength of about 110 for its operations in Malaysia In 2015.
From a single clinic with one dentist at Bukit Batok,Singapore back in 1996,now have more than
60 clinics.
Ø Mr.DIY ( www.mrdiy.com.my )
Since MR.D.I.Y.first store initially set up as a traditional hardware shop in Jalan Tuanku Abdul Rahman in July 2005.Today,they have 220 branches all over Malaysia.
In all,there are 450 Mr DIY stores in the Asia-Pacific region,75 in Thailand,10 in Indonesia.
Ø Gardenia Bakeries ( www.gardenia.com.my )
Though the recipe of the baker behind the brand may be an American, Gardenia as a brand itself is actually a homegrown enterprise.In 1969, Horatio ‘Sye’ Slocumm from the US travelled all the way to East Malaysia to start a bakery.So Datuk Wong Tze Fatt, who is the founder, established Gardenia Food Industries in Kota Kinabalu and partnered with Slocumm for his bakery knowledge. The first loaf of bread was rolled out in 1986 and within four years, they managed to become the bread market leader in Malaysia.
Expansion Plan
As time progresses,key management will continually increase the scope of the business by join-venture additional business of mobile auto glass replacement services that will increase the profitability of our company.In time,we may be increase the revenues of other business by providing training and franchising.
In view of the expected increase in the number of motor vehicles in Malaysia,we plans to enhance its service capacity by expanding its existing service centres,setting up a new service centre and enhancing its mobile service teams.In addition,with a strong commitment to improve the service quality and generate more business opportunities, will Upgrade mobile apps and online facility to enable online service requests and payments for its vehicle glass repairs and replacement services.
It will expand its team limited to 100 only of technicians to support the future growth of its operation in Southeast Asia will depend on opportunities and market conditions.The Group believes it is well-positioned to cater to the rising demand for primary and higher value specialist auto glass services enabling it to serve it customers in different part of the territory.
Future Services
With the next three years.We believes it can capture this niche and a gain in overall market share.
- Additional plans for automotive e-commerce platform of products and services.
- Mobile app WINDCREEN REPLACEMENT,Low Cost Business Models like
Uber,Airbnb,AirAsia &Trivago.
Future Plans
The Group intends to continue executing the three years
business plans outlined below.
First year.2019
- Building a great team.
- Development of the company mobile app and Unique computer systems.
- Joint-venture with training provider BUMI AUTO GLASS for building technician workforce.
- Will be focusing on its operation in Malaysia and to partnership agreement with insurances com.
- Digital marketing campaign,television advertising and advertisements in local newspapers.
Year two.2020
- May consider offering additional equity in company or Franchising in order to expand business.
- Expansion network of business into several new market including Thailand,Vietnam,Philippine.
- To implement strategic plan and unique ideas for mobile auto glass replacement.
- Launch e-commerce automotive services & products on platform.This creates multiple revenue.
Third Year.2021
- Aims for an IPO,allows a company to maximise its shareholders value and brand awareness.
- Strategic alliances with independent company or sister company operate in Indonesia & China.
- Investment in start-up company on enhancing the value-added business for company to grow.
- Set up Insurance technology (InsurTech),is the new innovation adding more value for customers.
.
Future strategies
Business organizational structure
“The Evolution of Auto Glass Industry in Malaysia”
CHINA Market ( By Independent company )
AUTOMOTO GLASS SDN.BHD MALAYSIA. 32,057,937 (Population)
INDONESIA Market ( Independent )
NEW CO.(SouthEast Asia) AUTOMOTIVE e-COMMERCE PLATFORM
Thailand. 69,189,398 (Population)
Vietnam. 96,527,917 AUTO GLASS REPLACMENT
Philippine. 106,569,469
TRAINING ACADEMY & FRANCHISE BY BUMI AUTO GLASS ENTERPRISE & ASSOCIATED
PARTNERS.BUSINESS MODEL LICENSING BY RAYMOND TAN.
Potential Market.
Beside the domestic market,the business model would also be promote in Indonesia and China by Join-Venture with other independent company.
Both countries are the key markets,Indonesia offers more opportunities because of its third most large populated country with 250 million people.Malaysia population is just 30 million people.
Company Growth Potential.
We have the products,services and people.Being the country’s largest Windscreen Training Provider and Windscreen Repair Services Provider player with a 60% to 80% domestic market share,has the edge over it rivals as most windscreen company are more comfortable dealing with Replacement.
Main Strategi Partnerships.
To monopoly in domestic market,cooperate with agents insurance companies and second-hand car dealers.Our business partners,franchisee,Investors prefer to work with stronger company with a proven track record,experience and network.
AUTOMOTO select Investment Partners or potential cornerstone investors for Pre-IPO are
strategic Public Listed Companies,Government Link Companies,Insurance companies,Automotive Industry, Well known Second-Hand car dealers and High-net-worth individuals wealthy investors.
With advancements in technological changes have led to the development of multiple distribution channels in the insurance industry.Insurers no longer rely solely on traditional channels such as agents and brokers,but have developed new alternate channels to drive growth at lower costs.
Insurers are now partnering with insur-tech and start-up groups to help drive policy sales.
We aim to seek a business partner and investors who shares the same vision.
Value of a Business.
By documenting a multi-year experience track record,proven profitability and future earnings potential.
We’ve been told by several individual investors that our business model produces reasonably good valuations and investors feel comforted because our founder are an expert in the type of business he already know well for many years.
Service & Product with Competitive Edge
Strategic Corporate Investors want to invest in great products and services with a competitive edge that is long lasting.They look for a solution to a real, burning problem that hasn't been solved before by other companies in the marketplace.They look for products and services that customers can't do without, because it's so much better or because it's so much cheaper than anything else in the market.Investors look for a competitive advantage in the market.They want their subsidiary companies to be able to generate sales and profits before competitors enter the market and reduce profitability.
Value Propositions
The bigger size of market and the higher growth projections for the sector from investor analysts,the more value business is worth.
In the investment community,this value premium factor is called”goodwill”(also applied for a premium key management team,few competitors,high barriers to entry,business model or business idea and technology.Goodwill can easily account for a couple of million in valuation.
The “First Mover” advantage with great business idea and business strategy is a very good valuation,investors look for a big opportunity for a company to generate high margin profits before competitors swoop in and crimp margins.
Barriers to entry represent unique circumstances that thwart competitors attempts from entering the target market and capturing a major market share or copy a business model.
Return on Investment. ( For Individual / Retail Investors )
Investors are looking for that next 10x return opportunity,our business plan five year forecasted financials will grow large enough in that time frame to afford them a 10x return after IPO or acquired.
New investors willing to pay company 15 times earnings.For example,investors are willing to pay
RM 15 for each RM 1 of current or future earnings.Our company with high earnings growth propects usually carry high value because we are expected to be able to reward investors with quicker and larger return on their investment in form of dividents,increase in share price before or after IPO.
We hope the earlier they invest in,the more money they can make.Example,RM 10k will become RM 100k after IPO,depend on different country stock exchange for good valuation.
We bring in primary capital to grow the business but we also will bring in secondary capital so our early investors had the opportunity to take some money off the table.
While an IPO is always an option,but for us,it’s important to stay focused, execute and out-serve the customers.
Gratitude Award Scheme.
Royalty clients,business associated,business partners and agents insurance who have contributed to the success our company,we will pays in the form of giving a bonus share or allocation of shares.
Our company objevctive,increasing shareholder value and promote prosperity and sustainable economic growth around the world by increasing the understanding of the dynamics that drive job creation and promote industry.
For us ,we are doing something no one else has done.We have a vision to change.
Clear Exit Strategies
- Initial public offers (IPO),this strategy offers more benefits to early investors.
- Merge,the option to merge with another company,investors can get their money back.
- Private Offerings,allows for existing shareholders to be bought out in a new fundraiser round.
Initial Public Offering (IPO)
- An IPO raises needed capital to help a company grow.Exit policy for early investors,the price of the stock may even go higher between the IPO and the secondary market offering.
- For attracting top talent to company and on board.