The internet of things, or IoT, is one of today's big buzzwords. Stonelin Communications Ltd is one the ambitious young companies targeting the segment. Without further ado, let's jump into our interview with the managing director of Stonelin, mr Steven Stone.
1. Why did you become an entrepreneur?
In order to develop my own ideas and benefit from such. I enjoy the flexibility that running my own company offers and over the years that has led to me travelling extensively round the world and meeting very interesting and useful contacts.
2. What are you like as an entrepreneur?
Hardworking, creative and able to turn ideas into reality. I understand very well both the products I’m involved with as well as a very clear understanding of the financial mechanisms which can bring ideas to market and fruitful revenue generation.
3. What makes the story of your personal career interesting?
I come from a very working class background and the career path I have achieved was not on the cards when I was growing up. I left school with no qualifications what so ever and I got a job working on an electronic production line whilst studying part time for general academic qualifications. This subsequently led me to a full time university education specialising in physics semiconductor technology and fabrications. Following my degree, I became a junior engineer working for Farnell Advance power, I specialised in high frequency electromagnetic devices and became a worldwide authority on high frequency electromagnetic components called Planar Magnetics. Following Advance power I worked for a number of years as a consultant, I formed a company called Advanced Ferrite which I sold to Telcon Metals group (now Marshals in the USA). I’ve progressively carried out business in many countries, developing worldwide global contacts and substantial business knowledge along the way.
4. What is your biggest professional accomplishment?
I developed a technology called planar magnetics and formed a company to manufacture this technology which I sold to a large group who subsequently employed me as a main board director.
5. What is your biggest professional blunder?
Trying to develop an underfunded company, often good ventures fail due to the Entrepreneur’s lack of financial knowledge. I learnt a very valuable lesson and now have a very good knowledge of the financial tools of a business.
6. What is your dream for your company?
To develop a business which is financially successful in the relatively new field of ioT. This will provide the shareholders with a significant financial return in order that they will come along on other journeys.
7. Who is your role model and why?
My father who never took a single day off with illness in his entire working life having worked for one company for 49 years. There are also a few business people I have met along the way, everyone has something to contribute, it's often just a matter of finding out what.
8. What motivates you?
Success and the rewards and flexibility it brings.
9. Why crowdfunding and why with Invesdor?
The rewards achieved from crowdfunding are often related to the effort put in during the build up to a campaign as well as its entirety.
There’s a wide audience of potentially interested people, not just a single decision maker.
I’ve been following Invesdor since the beginning and the company portrays an image of quality, success and continuity.
10. Why would you invest in your company? Give three reasons.
1. Area of investments is in a field of technology which is emerging with an enormous forecasted growth potential.
2. Much of the development work on the initial product base has already been carried out so it is almost “straight to market” and subsequently revenue.
3. We develop and manufacture “real products” hardware, these devices and our service will support many other companies’ aspirations to this technology field.
4. We have the collaboration of a major worldwide telecommunications company – Orange Communications – who are supporting us on many different levels.
Interested in finding out more? Read Stonelin's pitch.