Guest: John Vornle
Guest: John Vornle
Topics: Space business finance, SSP, private equity solutions to develop space commerce.
John Vornle of Long Term Capital was our guest for this program to discuss private space business capital acquisition models using space based solar energy.
In our first segment, Mr. Vornle
outlined three methods of financing space projects including the traditional government solution, public/private partnerships, and private equity financing which was the main topic for tonight's program.
In discussing private equity solutions, he
talked about the banking and lending component, insurance, and the different categories and phases for investors.
also introduced us to the exit strategies most likely to be used for each phase or category of investment.
explained the risks, how bankers and equity investors view the situation and he
put forth the case as to why now is the time for developing space based energy.
Toward the end of this segment, our guest pointed out that as of now, we have no political will to move such a space energy company forward but then he
mentioned some developing signs of hope in this area.
Listen carefully and see what you think.
In the second segment, Mr. Vornle
outlined the private equity solution advantages for pursuing this investment model and for pursuing an SSP energy company.
We talked at length about the market cost for electricity and said that it needed to be set by third parties, there needed to be corporate profits and the payment of corporate taxes.
This took us into an extensive discussion on why utility companies were not the best source of SSP energy company development.
You need to listen to this comprehensive discussion as its about the need to develop and implement new, cost effective technology and why the utility company model does not work.
As we started the third and final segment, we talked about financial returns on investment associated risks.
stressed the need for simplicity.
Invest in a C-Corp, own stock, know exactly what percentage of the company you own, and seek a capital gains investment.
outlined for us suggested ROIs for the various phases of equity investment.
Market timing was discussed as were space investments not suitable for equity investment but more for visionaries or grant financing.
Later in the segment, he
said the most important thing to do is to change the political will of the U.S. system to support the business development that has been discussed on this show.
Toward the end of the segment, he
described the contingency power purchase agreement which is at the root of the plan discussed.
If you have questions or comments for John Vornle
, please send them to firstname.lastname@example.org or to me at email@example.com.
About our guest...
specializes in corporate governance and in managing the assets of closely held family offices.
He has sat as a board member or senior financial advisor to a number of companies, including a private equity fund.
has held board positions with a publicly regulated electric utility, an Internet based healthcare Service Company, a sugar trading investment company, several real estate operations, a credit enhancement insurance company, a software biometric company, a publicly listed company, a European boarding school, and several charitable not-for-profit organizations.
chairs meetings and contributes to Audit, Compensation, Finance and Merger & Acquisition sub-committees.
Mr. Vornle was formerly a Vice President for Continental Insurance and its subsidiaries (now CNA) where he organized deal production and the due diligence/ credit evaluation for investments in numerous asset classes including corporate equity and debt and real estate equity and debt.
was also in charge of company wide new product development that included the use of financial instruments.
He was previously a commercial banker as well as an internal examiner at European American Bank (now Citibank).
Mr. Vornle received his Bachelor of Arts from Colgate University and a Master of Business Administration from New York University's Graduate School of Business.
speaks French and German.
Mr. Vornle is actively involved in Boy Scouts, Girl Scouts, Soccer and was appointed to the Youth Commission and Electricity Committee by his local town government.
is a former mountain guide and an avid skier, squash, foosball and chess player.
blew up his
first Apollo toy rockets in the 1960's and has since evolved to discuss and promote the private financing of Space Exploration and Development.