THE WELCH COMPANY
440 Davis Court #1602
San Francisco, CA 94111-2496
415 781 5700


S U M M A R Y


DIARY: February 17, 2001 02:06 AM Saturday; Rod Welch

Matt Conover proposes presentation at VC seminar in April.

1...Summary/Objective
....SDForum for VCs, Potential Partners in March or April
....Fees and Planning for Trade Fair Needed by Next Week
....Business Plan should describe product suite modules, with forecasts
....Assembling lists of venture capital people, meeting funders,
....Matt needs.....
........parameters of what to keep secret, or at least what is possible
........how close we are to a marketable product, and
........how much funding will be required.
2...Matt's Objective - Organization and Revenue Planning
3...Schedule for Week of 010220 - 010223 -- A Lot to Do
....Jim Spohrer meeting at IBM on 010219 - 010221
....OHS Module Scope
4...Business Planning Requires Commitment of Time....
5...Matt Conover Has Competing Opportunities, Wants Assurance

ACTION ITEMS.................. Click here to comment!

1...Is this scope needed by 010223, or by the date of the event?
2...Need position description for Matt in the org chart, budget and HR
3...SDF evening meeting,
4...Jack Park and Doug can meet to flesh out schedules for each of

CONTACTS 
0201 - Deneen Consulting                    925 229 1858
020101 - Mr. John Deneen
020102 - jjdeneen@ricochet.net
0202 - Conover Consulting                   503 NNN XXXX
020201 - Mr. Matt Conover
020202 - mattc@silcon.com

SUBJECTS
Conover, Matt's Business Model
VC Seminar in April

0504 -    ..
0505 - Summary/Objective
0506 -
050601 - Follow up ref SDS 19 0000, ref SDS 16 0000.
050602 -
050603 - Received ref DRT 1 0001 from John, submitting an action plan prepared
050604 - by Matt Conover, who wants to move quickly making arrangements to
050605 - attend a VC seminar in April, ref DRT 1 0002, that can lead to
050606 - financing for the project Matt proposed in his letter, ref DRP 1 0002,
050607 - received on 010211. ref SDS 16 UP5K
050608 -
050609 - Key point is funding a booth, and getting administration done to
050610 - participate.
050611 -
050612 - Fall back position is attending event without a booth, but making
050613 - contacts based on having a unique KM deliverable nobody else can show.
050614 -
050615 -     [On 010220 submitted letter to John, Jack and Matt. ref SDS 20
050616 -     0001
050617 -
050618 -     [On 010221 Jack comments on planning. ref SDS 21 0001
050619 -
050620 - Specific product development costs planning, and revenue projections.
050621 - This seems different from Open Source model that gives stuff away. In
050622 - any case, this can be done over next few months leading up to event.
050623 - ref SDS 0 S56K
050624 -
050625 -
050626 -
0507 -
0508 -
0509 - Progress
0510 -
051001 -     ..
051002 -    SDForum for VCs, Potential Partners in March or April
051003 -    Fees and Planning for Trade Fair Needed by Next Week
051004 -
051005 -    Follow up ref SDS 16 XH4M.
051006 -
051007 -    On 010211 John submitted a letter introducing Matt Conover as an
051008 -    experienced business development manager. ref SDS 16 XM4I
051009 -
051010 -    At that time, Matt submitted a sketch for a business model based on
051011 -    John's ideas and input from Jack Park. ref SDS 16 UP5K
051012 -
051013 -  ..
051014 - Matt proposes....
051015 -
051016 -    The SDForum Showcase for VCs and other potential partners makes a
051017 -    motivating target date. It's in March or April, far enough away to
051018 -    allow time to generate some demos and alliance agreements with
051019 -    name-brand partners for legitimacy and marketing punch. Plus there
051020 -    is a deadline one week from today by which to stimulate commitment
051021 -    action for the the necessary work and trade fair fees. ref DRT 1
051022 -    H44J
051023 -
051024 -    By next Friday, Matt, John, Jack, Rod, et al, must....
051025 -
051026 -        [...below consider attending SDForum without getting a booth.
051027 -        ref SDS 0 YO4L
051028 -
051029 -    1. Request invitation
051030 -
051031 -          ...to be among the 10-16 firms for special showcase for
051032 -          presentations to VCs in private room settings, as well as
051033 -          booth fees. ref DRT 1 F95G
051034 -
051035 -          What are the steps for requesting a booth?
051036 -
051037 -          Who can do this on behalf of a non-existing organization?
051038 -
051039 -              [On 010221 will not attend seminar. ref SDS 21 SP35
051040 -
051041 -    2. Ponying up of cash for a booth,
051042 -
051043 -          How much does a booth cost?
051044 -
051045 -              [On 010221 will not attend seminar. ref SDS 21 SP35
051046 -
051047 -    3. Commit time to
051048 -
051049 -          host the booth
051050 -
051051 -             What is entailed in hosting a booth?
051052 -
051053 -             What is cost to prepare an adequate booth?
051054 -
051055 -          study time
051056 -
051057 -             What needs to be studied? -- need a list and resources.
051058 -
051059 -              [On 010221 will not attend seminar. ref SDS 21 SP35
051060 -
051061 -        [...below consider attending SDForum without getting a booth.
051062 -        ref SDS 0 YO4L
051063 -
051064 - Matt says...
051065 -
051066 -    This schedule of tasks to perform by 010223 will force a near-term
051067 -    demonstration of serious intent to do something rather than talk in
051068 -    descriptive terms and draw pictures. ref DRT 1 F95G
051069 -
051070 -        Matt makes a good point.
051071 -
051072 -        SDS is a direct demonstration of Knowledge Management, and
051073 -        further demonstrates the ability to deliver useful business
051074 -        intelligence anytime, anywhere in where world.
051075 -
051076 -        This is a deliverable that nobody else can deliver. no other
051077 -        demonstration that anyone else can do KM.
051078 -
051079 -  ..
051080 - Matt continues....
051081 -
051082 -    To wit: An Executive Summary including Value Proposition, with
051083 -    succinct product descriptions, target market, market size, and net
051084 -    profits for first five years. ref DRT 1 R55N
051085 -
051086 -        Is this scope needed by 010223, or by the date of the event?
051087 -
051088 -        Executive Summary for SDS business plan, ref OF 1 0201, started
051089 -        on 000802 could be fleshed out to accomplish this step?
051090 -        ref SDS 2 0004
051091 -
051092 -        SDS brochure provides product description; need update for
051093 -        Internet.
051094 -
051095 -        Set vision of integrating pictures and spreadsheets.
051096 -
051097 -        Target markets need to be identified - people who use alphabet
051098 -        technology.
051099 -
051100 -           This needs some thought.
051101 -
051102 -           In one sense, SDS replaces wordprocessing and email, except
051103 -           there is a subsidiary market for a new work role, like
051104 -           everyone uses spreadsheets, but accountants and engineers
051105 -           use them with greater vigor.
051106 -
051107 -  ..
051108 - Matt says a.....
051109 -
051110 -    Business Plan should describe product suite modules, with forecasts
051111 -    of adoption rate at various levels of product pricing, specific
051112 -    examples of target sales prospects, possible and likely units per
051113 -    year, gross revenue spreadsheets, less costs of production and
051114 -    marketing to be ballparked after next week, including staffing
051115 -    charts for programmers, marketers and administrators, licensing
051116 -    fees, manufacturing contracts for CDs or DVDs with shrink-wrap,
051117 -    documentation writing and printing, advertising scales, etc. And
051118 -    some trend lines showing explosive net profits that will attract
051119 -    investors. ref DRT 1 UG6H
051120 -
051121 -        Can SDS business plan started on 000802 be fleshed out to
051122 -        accomplish this step? ref SDS 2 0001
051123 -
051124 -           [On 010221 John Deneen indicated next step is to meet with
051125 -           Pacific Consultants in about two weeks. ref SDS 21 F77F
051126 -
051127 -           [On 011011 Matt asks for explanation of SDS and Com Metrics
051128 -           again. ref SDS 22 VF4K
051129 -
051130 -
051131 - Matt is making progress working on....
051132 -
051133 -    Assembling lists of venture capital people, meeting funders,
051134 -    learning their target criteria for investment, and proposing joint
051135 -    marketing efforts to funders. ref DRT 1 KH3H
051136 -
051137 -    Matt needs.....
051138 -
051139 -        parameters of what to keep secret, or at least what is possible
051140 -        to disclose, ref DRT 1 GM3L,
051141 -
051142 -            At this juncture, Matt likely does not know enough about
051143 -            SDS and KM to worry about making anything secret; actually
051144 -            nobody does.
051145 -
051146 -
051147 -        how close we are to a marketable product, and
051148 -
051149 -            We are 12 - 24 months from a marketable SDS product.
051150 -
051151 -
051152 -        how much funding will be required.
051153 -
051154 -            Initial guess: $5M - $10M for SDS product development; 15M$
051155 -            to begin marketing, and could reach $100M.
051156 -
051157 -            Other.....
051158 -
051159 -               "OHS" - $30M+ to define and develop.
051160 -
051161 -               ......
051162 -
051163 -
051164 -
051165 -
0512 -

SUBJECTS
Conover, Matt
Organization Chart
Objectives Wants Org Chart Showing His Assignment
Engelbart, Doug
CEO Need Candidates

1708 -
170801 -  ..
170802 - Matt's Objective - Organization and Revenue Planning
170803 -
170804 -
170805 -    Need position description for Matt in the org chart, budget and HR
170806 -    profiles, but also in getting the funding rolling by a target date.
170807 -
170808 -    Need to demonstrate progress toward a real position to maintain the
170809 -    faith of people who are cooperating by funding me. ref DRT 1 OL4H
170810 -
170811 -    The rest of you might need to demonstrate such progress too.
170812 -
170813 -        We all need an org chart and revenue stream.
170814 -
170815 -        Matt's work product looks like a good candidate for a COO,
170816 -        reviewed on 990625, ref SDS 1 8183, maybe president material,
170817 -        depending on age, experience, etc.
170818 -
170819 -            [...below, Matt wants assurance he will have a position, if
170820 -            efforts are successful on developing a business plan.
170821 -            ref SDS 0 S3W9
170822 -
170823 -        Jack can be whatever he wants; certainly qualifies as chief
170824 -        computer scientist, VP of product development, etc., per
170825 -        planning submission on 010201, ref SDS 14 0001, and on 001130.
170826 -        ref SDS 3 R73H
170827 -
170828 -        John could possibly be involved with marketing and business
170829 -        development, depending on his objectives.
170830 -
170831 -        Need a "name" to head up the outfit in order to attract
170832 -        funding.  Have been penciling in Morris Jones, who was SVP and
170833 -        a founder of Chips and Technologies, now with Intel.  He has
170834 -        not committed to do this, but with funding might make the move.
170835 -        Need list of other candidates.
170836 -
170837 -        There is discussion in the record of Doug Engelbart being
170838 -        involved in the project. ref DRT 1 OZ5N
170839 -
170840 -            Doug could fill an "of counsel" role, without operational
170841 -            responsibilities, who provides guidance and certainly
170842 -            credibility to any KM project.
170843 -
170844 -            He might be a member of the board.
170845 -
170846 -
170847 -
170848 -
1709 -

SUBJECTS
Park and Engelbart Develop Schedules for OHS and Other Features, Matt
Schedule Business Plan Tasks

2005 -
200501 -  ..
200502 - Schedule for Week of 010220 - 010223 -- A Lot to Do
200503 -
200504 - Matt requests...
200505 -
200506 -    Could you please get back to me this weekend about whether this
200507 -    front-burner action schedule proposal is exciting to others?
200508 -    ref DRT 1 IY5H
200509 -
200510 -        Matt's planning is appealing, encouraging and essential, per
200511 -        above. ref SDS 0 8588
200512 -        ..
200513 -        Might be ambitious based on current status of project.
200514 -
200515 -        John Deneen submitted a letter saying he is out town for this
200516 -        weekend. ref DRT 1 0001
200517 -
200518 -           John's report on 010216 of having made a favorable
200519 -           impression at a recent professional event by showing SDS on
200520 -           the Internet using his wireless computer, ref SDS 19 K4RK,
200521 -           indicates that he and Matt could attract interest of VCs
200522 -           based on the ability to perform KM, even without having a
200523 -           booth at the SDForum.  Accordingly, we need not rush ahead
200524 -           to meet this particular objective that is constrained by
200525 -           time, should begin planning on doing VC presentations on a
200526 -           regular basis.
200527 -
200528 -     ..
200529 -    Jim Spohrer meeting at IBM on 010219 - 010221
200530 -
200531 -        Meeting with IBM and/or InfoInPlace could yield important info.
200532 -        Matt expects the work would be back-end loaded in the week.
200533 -        Therefore should ask Dr. Spohrer for the earliest day possible,
200534 -        to make max time for working together. ref DRT 1 OZ5N
200535 -
200536 -           On 010216 John advised the meeting with Jim Spohrer has to
200537 -           be confirmed after planning to prepare for the meeting,
200538 -           which is still pending. ref SDS 19 QX4F
200539 -
200540 -           [On 010220 meeting with Jim deferred; ask about purpose of
200541 -           the meeting. ref SDS 20 CE4K
200542 -  ..
200543 -
200544 -    SDF evening meeting,
200545 -
200546 -        When and where is this event to occur?
200547 -
200548 -
200549 -
2006 -

SUBJECTS
Park and Engelbart Develop Schedules for OHS and Other Features, Matt
OHS Modules Scope Schedule Needed from Jack Park and Doug Engelbart
Engelbart, Doug

2306 -
230601 -     ..
230602 -    OHS Module Scope
230603 -
230604 -
230605 -    Jack Park and Doug can meet to flesh out schedules for each of
230606 -    their modules.
230607 -
230608 -        This is a good task.  The OHS/DKR team at SRI has been working
230609 -        on this for a year; so, identifying modules and determining
230610 -        work packages, time and cost would be helpful.
230611 -
230612 -        What level of "fleshing out" is required?
230613 -
230614 -          [On 010221 Jack estimates the core of OHS can possibly be
230615 -          done in this calendar year. ref SDS 21 039L
230616 -
230617 -
230618 -
230619 -
230620 -
2307 -

SUBJECTS
Conover, Mat Assurance Included in Venture to Invest Time on Bu

2704 -
270401 -  ..
270402 - Business Planning Requires Commitment of Time....
270403 - Matt Conover Has Competing Opportunities, Wants Assurance
270404 -
270405 -
270406 - Matt notes....
270407 -
270408 -    Need to spend a lot of time together planning, which entails
270409 -    writing and reviewing proposed document versions.
270410 -
270411 -        Need list of plans and documents to prepare.
270412 -
270413 -        Need schedule of how to get from here to there.
270414 -
270415 -
270416 -    Matt will commit to the time if there is a high probability that I
270417 -    will be included in the eventual project. Perhaps your next email
270418 -    or phone call could confirm this aspect before I spend a lot more
270419 -    time on it. There are competing meetings that week that could carry
270420 -    me in another direction that I would be giving up by spending time
270421 -    on this, so I need to start getting a feel for if there is anything
270422 -    imminent or at least real here in the potential for production
270423 -    funding.
270424 -
270425 -        Above, there is consideration of a role for Matt. ref SDS 0
270426 -        GH5A
270427 -
270428 -        Matt deserves timely response.
270429 -
270430 -        Called John this evening and was unable to make contact.
270431 -
270432 -        [On 010220 submitted letter to John, Jack and Matt. ref SDS 20
270433 -        0001
270434 -
270435 -
270436 -
270437 -
270438 -
270439 -
270440 -
270441 -
270442 -
270443 -
Distribution. . . . See "CONTACTS"