Your Choice Ingenia or Recombo?
In my comparison of Recombo 2005 and Ingenia both CEO’s appear to be driven, qualified and charismatic in their pitches but as a result of David Vogt’s scaffolding post I will attempt to describe why the representation of Recombo by Brad Mcfee seems to be a more salient company for my investment over Ramona’s pitch for Ingenia.
Both companies do not describe their management team in an effective manner but I feel this is appropriate given the succinct element of a pitch. The Business model outlined by Recombo markets a specific technology tool (content integration router) which in my mind is a positive quality because as Brad Mcfee states retains the element of “focus, focus, focus” and as Byron Kask states in his weblog entry maintains an element of “not being too diversified”. Another strong point is the notion of incorporating incentives into their contracts, which will encourage other customers to use their product. This seems like a clearer picture then the one pitched by Ramona where the main features of this plan are based on indicators of “lots of potential money”. She does a good job of clearly presenting and outlining why Vietnam is a good potential market. As well, the provision of a plan for addressing the economic security of the Ingenia venture through links to Asian Development Bank, an Australian private university and Japanese investment are sound points but to me the prospect of working in the Vietnamese market is somewhat more of a risk although potentially more lucrative in a quicker timeframe.
Overall, the market readiness may be more broad scale for Ingenia but as Ana Cecilia Tagliapietra explained in her weblog the challenges of the Vietnam market and the non-exclusive nature of their product are significant challenges. In contrast the exclusive nature of Recombo’s technology, their clientele, and commitment to customer satisfaction/success before expansion sounds like a better approach. Ingenia’s diversified approach of targeting solid customers in a be there first strategy as opposed to Recombo’s focused and steady approach is as much a choice in investment philosophy as it is a choice which CEO presents the best pitch for the best business opportunity. But for my investment I would go with the Recombo technology.
2 comments
1 Sharon Hann { 09.18.09 at 9:49 am }
I agree with Recombo’s “commitment to customer satisfaction/success before expansion sounds like a better approach”. Build a solid reputation first. Sharon
2 James Richardson { 09.19.09 at 12:45 pm }
Recombo has a longer track record and is better capitalized than Ingenia so given a choice between these entrepreneurial ventures I would side with Recombo as well.
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