Tim Daley: Software as a Service

Tim Daley’s service sounds like by description an Enterprise Planning System designed for use by the law enforcement sector. The ability to integrate such databases as offender status information, court case information, and incarceration information into one application could definitely help streamline law enforcement efficiency. There would be less chance of offenders “falling through the cracks” of the criminal justice system. Even some nontraditional law enforcement officials like bail bondsman and bounty hunters could use this software to help with their enterprises. Daley’s program definitely has a fairly untapped market, and with the right investment, has the potential to be very successful. The main focus of this podcast seems to be how Daley was able to find the right investment for his idea. Daley fits within the conventions of a “corporate castoff” entrepreneur, who after a buyout, was left without a company to produce his idea. Daley had originally developed the program when working for TRW, which was bought by Northrop Grumman. He was unable to have rights to his idea when he went to work with R.L. Polk. With the help of angel investors, Daley was able to purchase back the rights to his system so that he could exclusively sell it. One thing I found informative about what Tim Daley discussed was his experiences with angel investors. He described the process of convincing them to invest in helping him establish an enterprise to sell his software, and take advantage of an untapped market. Daley discussed how angel investors not only invest in a person’s idea; they also invest in that person. One thing notable that Daley said was “You have to convince the angel investor that not only are you a good person, but that you are willing to adapt and change to help improve your idea.” This podcast was very informative in dealing with angel investors. Nick Orr