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HOT TOPICS
- The Accelerator Conundrum
- The Startup Velocity Question
- Platform as a Service
- Man and Superman
- Web 3.0 = (4C + P + VS)
- The Future: End of Capitalism
- Capitalism 2.0
Mike Hess
Power Of The Urban Wind: Mariah Power CEO Mike Hess (Part 7)
SM: Where are you doing your manufacturing? MH: We are doing it in Michigan. We took over an old automobile parts plant. That helps drive market interest to us.
Power Of The Urban Wind: Mariah Power CEO Mike Hess (Part 6)
SM: What impact do you expect the stimulus bill to have on your business? MH: We have a couple of things. The stimulus package which gave rebates such as the 30% federal tax rebate has been extremely helpful in terms of what it is doing. The economy is still hurt because people are still holding
Power Of The Urban Wind: Mariah Power CEO Mike Hess (Part 5)
SM: Who were the VCs that you raised money from? MH: Noventi Ventures was the main investor. There were two small firms, Greenhouse Capital and Big Sky Partners. We converted the notes and raised $5 million in new cash.
Power Of The Urban Wind: Mariah Power CEO Mike Hess (Part 4)
SM: How much money did you raise through the angel process? MH: The first time we raised $750,000. We then did $2 million in convertible notes. After that we did a VC round.
Power Of The Urban Wind: Mariah Power CEO Mike Hess (Part 3)
SM: What are the requirements of a home, and how did you derive that there are 13 million homes that can handle your solution? MH: You need a lot that is half an acre or larger and at least a Class 3 wind.
Power Of The Urban Wind: Mariah Power CEO Mike Hess (Part 2)
SM: When did you start Mariah Power? MH: It was started in August 2005. Ken Rogers and Chris Gabrys had invented a motor that was very efficient. As we looked at the markets to determine where to use the motor, it became clear that we could not compete with the Chinese motors because their cost
Power Of The Urban Wind: Mariah Power CEO Mike Hess (Part 1)
Mike Hess is a serial entrepreneur, having started multiple companies since the late 1970s. He has also held senior leadership positions at Raychem and Raynet. He has a BS in mathematics and later studied design engineering at Stanford and network engineering at UC Santa Cruz. He is the CEO and a co-founder of Mariah Power,
