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Article #115

PART OF PARAMIND BRAINSTORMING SOFTWARE IS FOR SALE

#115
From: www.eskimo.com/~telical/
Date: Mon, 24 Nov 1997 00:00
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6011 bytes
PART OF PARAMIND BRAINSTORMING SOFTWARE IS FOR SALE

After five years in the software business, Robert Pearson,
the futurist-linguist behind the ParaMind Brainstorming Program,
is offering his business for sale.

"Basically, I just want to make sure that the company will be around in
the future, and that it will begin to operate on the ground of a normal
software company.  When I started the company I went basically from being
a poet to being Bill Gate's competition,"  Pearson says with a laugh. 
"After five years, it seems impossible for me to do what I originally
intended in my business plan, and because I put my life savings and so
much time into the business, my own personal financial picture has been
tainted." 

Although ParaMind doesn't bring in a lot of money, it is just starting to
show more promise.  The current direction of the software company hasn't
even scratched the surface of their business plan, but has had to stop
short because of lack of cash flow and labor. 

"We've had a couple of typical business set-backs that we're beyond our
control.  And then we've had a couple of crazy ones.  To start out with,
my first partner decided not to be so much of a partner anymore and just
said, "I want out.  If you want the code to your program, you'll have to
pay me for it."  I already had the code, but I felt it was unethical to
just take it from him. He took with him the programming muscle of our
team.  I then had to rely on programmers to give me their faith for a
promise in return on speculation of profits.  When these guys are getting
paid $80,000 a year, it was a miracle we got ParaMind into the great shape
it's in now." 

"Another set-back was that I decided to move from Seattle to NY for a year
and then to Pennsylvania for a year.  I was relying on some money from
shareware registrations.  The program had been distributed all over the
Internet and also on CD-Roms.  Then because I filled in a forwarding
address card wrong the Post Office decided to close down the P.O. Box
where I was getting registrations!  I had all these little advertisements
out in the form of shareware programs which were meant to last for several
years and then they were all obsolete." 

Pearson realizes that since the program hasn't brought in a lot of money
for ParaMind he can't ask for a lot up front.  "I basically still want
part ownership so I'm just selling the software company for less than what
something like this should be worth on the market.  We have legal
protection (copyrights, patent office disclosure documents, etc. ) for our
ideas so the partnership which I'm shopping for also gives the new
co-owner the blessing of our new directions in our business plan." 

Pearson is asking for a flat out price of $150,000, and then the
speculative terms of the agreement.  Some of the aspects of the agreement
are that the software company not be resold for a period of time, that
Pearson is still managing director of the project, and that the business
plan be followed.  "It's not quite venture capital I'm looking for because
I want to get a lot of this company into the hands of someone who has good
business experience.  I don't mind staying at the helm as far as my
experience in software development and this type of new innovative
software concept, but I need to work with someone who knows the business
side of the market as well, and has a little more muscle than I to run
this kind of company." 

The ParaMind program is totally configurable and can be used to
logically expand any idea. It comes with a database of 450 related word
categories, and you can add as many of your own as you like. Anything
can be used as a text or made into a word category, including phrases or
even symbols.   It was given a  Four Star  Rating by Ziff Davis.
It is being used in  scientific  research  as well as business.

ParaMind uses copying and merging of a text, combining it with new words
that are grouped together in word categories. To merge simply means
uniting or combining things. The word categories are words that have some
relationship to each other, such as adjectives related to sight, or
adverbs related to motion. In the text that you type or paste in, a word
or two is selected that these new words will fit into. You hit a key and
ParaMind takes your text and does a process on it like that of the mail
merge program that is used to create form letters. The result is a new
listing of your idea changed in any way you want. 


You can visit the ParaMind website by going to
http://members.aol.com/paramind

For more information call
425-806-8365


-- 
Robert Pearson    --     http://www.eskimo.com/~telical
ParaMind Brainstorming Software/Creative Virtue Press
Member of the "Good List" for Internet Antique Deals
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From: telical@eskimo.com (www.eskimo.com/~telical/)
Subject: PART OF PARAMIND BRAINSTORMING SOFTWARE IS FOR SALE
Date: 1997/11/24
Message-ID: <65ctu5$iv5$1@eskinews.eskimo.com>
X-Deja-AN: 292333945
Keywords: software company for sale merger aquisition research science
Organization: Eskimo North (206) For-Ever
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