While that may sound like every cash-hungry entrepreneur's nightmare, DeFeo, president and CEO of Incepta LLC, says just the opposite is true. DeFeo says a seasoned management team like his can keep the trains running on time while freeing up the entrepreneurs to concentrate on building their companies. For example, someone with a great idea for a new company may not know the first thing about setting up employee health insurance and payrolls or even setting up an office space.
People go out and buy all their office furniture.
That's just crazy. They should either lease it or rent it. With Incepta's guidance, DeFeo believes he can help companies avoid that sort of pitfall. To that end, DeFeo brought together a team of industry professionals who can offer early-stage companies the expertise they need to get started. No commitments have yet been made, but DeFeo says he is finalizing details to begin working with two new companies.