Market Validation - ----------------- - what geography; what products & services; how to operate - what questions must be answered o Minimum risk profile o Rapid validation of enterprise service o Possibilities ------------- 1. Geography - California 2. Market/Product & Services - How do you satisfy these requirements? What are the opportunities - what major requirement needs ACTION Long-term financial contracts 3. Who are the candidates - (prospects w/major (illegible) and/or desire to be members) 4. What do you need to deliver? (minimum requirements) a. short term b. study state 5. What is the shape of this trial approach - For instance, go to top major marketers agree to do at (no) cost for ____ and then _____ 6. What is the criteria for success? What are the investment requirements? What is the exit milestone and the exit position. Model Trade Test - Exit ACTIONS - Open 1. Estimation of pro forma costing (reverse engineer "systems" investment) to answer questions of profitability and arrangements a. Define assumptions - costs of various areas, vs %, etc. b. Define possibilities - in terms of staging revenues, expenses, etc. c. Establish initial schedule events - market validations d. Run several commercial "trades" 2. Set out ideas via construct of market validation event a. Activities 3. What is required to make PSC decision?