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June 16, 2009

Modern African Furniture at the San Francisco Design Center

The San Francisco Design Center has a new addition: you guessed it, Contemporary African Home.Contemporary African Home's Studio Furniture: Essence Cocktail Table and Ultra Modern Sofa

Contemporary African Home's premium furniture and decor collection was recently picked up by Gaul Searson Ltd., a well-established designer showroom in the San Francisco Design Center.

This is a huge milestone for us as we establish our footprint as a premium line of goods from Sub-Saharan Africa. The SF Design Center is one of the premier design centers in the country, serving the interior design industry and bringing forth cutting edge concepts in green living and globally inspired design. We at CAH are constantly working to bring our products buyers and consumers in the luxury furniture space while distinguishing the CAH line as a sustainable, luxury line of furniture made by Africa's best Artisans.

Visit CAH at the SF Design Center: Gaul Searson Ltd. Showplace #300, 305, Two Henry Adams, San Francisco, CA

June 15, 2009

Off-topic: why I discourage use of a broker in startup funding

I know this is completely off topic of design but its related to funding a startup, so I thought I'd share.

In tough economic times, when so many small business owners seek additional funding, there's often the temptation to engage funding groups or brokers to apply for small business grants on our behalf.


One of my consulting clients was recently approached by Las Vegas Funding Group. For a fee of $3,000, these brokers offer services related to "assisting and aiding clients to identify and apply for small business grants." I can just imagine these guys working out of a trailer in the middle of the desert and driving away when things get hairy. But I digress....

Here's a quick summary, (besides the aforementioned trailer desert scene), why this can be a bad idea.

  • In addition to charging the small business an up-front processing fees ($1,500 - $3,000), these brokers also charge the Foundation or Governmental agency a broker fee of 3% to 5% of the grant amount!
  • Although the fee is not a direct expense to the small business, the cost comes in the now very small pool of Foundations that the small business can approach. Why? Most Foundations will not work with brokers.
  • With fee-based broker assisted applicants, money leaves the Foundation and a sizable portion doesn't reach the target beneficiary. Keep in mind that Foundations need to justify grant allocations and total costs related to recipients.
    • Example: Startup X requests and receives a grant for $50,000: in addition to the flat up front processing fee paid by Startup X, the brokers also also earn 3-5% of the grant. The greater the grant, the greater the broker's fee. e.g. a $500,000 grant garners a fee of $15,000 to $25,000!!!!
    • At a time when foundations have lost so much of their portfolio value and are at the same time faced with increased demand for grants, the pay-out of sizable brokers fees or commissions doesn't make economic sense.
  • Government grants specifically prohibit the build-in of a finders fee or brokers commission as part of grant applications.
  • Last and VERY Important, grant funding brokers require clients to sign a "non-circumvent agreement." This agreement prohibits clients from independently seeking grants from other sources during the contract period (usually 12 months). Buyers Beware!!!

Check into these alternatives for grant writing and funding assistance:
  1. Your local SBA office has tons of resources
  2. Organizations like Skoll Foundation and the Kauffman Foundation invest in social ventures as well as provide references for other funding sources
  3. Grant writers/consultants will work for an hourly fee or a flat cost per grant (no hidden fees)
  4. Try connecting other small business owners who have been successful in the grant-writing process.

June 9, 2009

Christies Interiors - Art of living

Good information from some the best specialists in all things collectible, design, art, etc.

For over a century the auction houses Christies and Sotheby's (my alma mater) have been synonymous with good collections and having tons of information on everything luxury. The catch is you need to pay for it - at minimum you had to buy the catalogs. However, over the last few years, Christies developed an incredible website full of information that was previously reserved for paying customers. My friend Kristen De Bruyn and her team are constantly adding more umph to the site and recently added Christie's on the Go for us "busy" folks who only have time for social media. Go Christie's!! Go Kristen!!!