Re: SPAM-LOW: Re: [WISPA] Taking on an investor?
Hello Brian, WHAT DEBT FREE You can't do that That will disrupt the time space continuum thingee. Didn't you know ISP's are supposed to not make money? Get a grip man :-) Barry Wednesday, August 24, 2005, 10:33:19 AM, you wrote: BR I plan to be debt free in a year, so I hope to be ok. Everyone all paid BR off and ready to roll. BR Matt Liotta wrote: I wouldn't worry about it since the way you did it put the investors at risk more so than you. There is a better way to do it and before your company gets too successful you may want to visit a lawyer and get things cleaned up. -Matt Brian Rohrbacher wrote: Just typed up something on the laptop that said, I owe you this much, and we both signed it. Not fancy, but a little better than an oral agreement. I won't miss a payment and will pay them back if it takes closing the WISP and working 3 jobs. Missing payments is not an option. Only if I'm laid up in the hospital. Personal guaranteed? Well, I told them I will pay it back... I know the agreement leaves a lot open, but I trust these 4 people. Anyway, so they are not investors. Lastly, lets just leave me be about this :) I'd rather not try to defend a million questions about what if this and what if that. It is what I did and it is done. Charles Wu wrote: that would be a loan what type of collateral do they have? or what happens if you miss a payment? have you personally guaranteed the money? -Charles --- WISPNOG Park City, UT http://www.wispnog.com http://www.wispnog.com/ August 15-17, 2005 -Original Message- *From:* [EMAIL PROTECTED] [mailto:[EMAIL PROTECTED] *On Behalf Of *Brian Rohrbacher *Sent:* Monday, August 22, 2005 10:20 PM *To:* WISPA General List *Subject:* Re: [WISPA] Taking on an investor? Well, I guess we would call them loans as I have all control. Correct me if I am wrong. They gave me money at a fixed rate. Loans or investments? Charles Wu wrote: well...in determing their dumbness (assuming you're willing to divulge this information) - what sort of investment / equity share / control do your investors have? I mean...assuming it's you and the other 4, does everyone have an equal share? (which is a different story all together) or does 1 single person have a majority share and the other 4 are minority partners -Charles --- WISPNOG Park City, UT http://www.wispnog.com http://www.wispnog.com/ August 15-17, 2005 -Original Message- *From:* [EMAIL PROTECTED] [mailto:[EMAIL PROTECTED] *On Behalf Of *Brian Rohrbacher *Sent:* Monday, August 22, 2005 8:05 PM *To:* WISPA General List *Subject:* Re: [WISPA] Taking on an investor? Well, I guess I found four dumb people that got me started. All my start up funds came from 4 people. All four were subs from a previous WISP I owned, (before my partner took everything over and left me out in the cold) they all said, I want you providing service, not the other guy. So here I am. 7 months in and going strong. Oh, almost forgot, like my lawyer has me say..all that is just my opinion. ;-) I think dumb investors are great! Charles Wu wrote: sure a passive minority equity position stake in a privately held company is worthless, as legally, the person with the majority stake can make 100% of the decisions (in terms of purchasing, spending, cash distribution, etc) think about it, if it was your money, would you be willing to just invest it into a company when the majority partner can do whatever he/she wants to and you have no recourse? -Charles --- WISPNOG Park City, UT http://www.wispnog.com http://www.wispnog.com/ August 15-17, 2005 -Original Message- *From:* [EMAIL PROTECTED] [mailto:[EMAIL PROTECTED] *On Behalf Of *Dylan Oliver *Sent:* Monday, August 22, 2005 4:10 PM *To:* WISPA General List *Subject:* Re: [WISPA] Taking on an investor? Charles, would you expand on that? On 8/22/05, *Charles Wu* [EMAIL PROTECTED] mailto:[EMAIL PROTECTED] wrote: -- WISPA Wireless List: wireless@wispa.org Subscribe/Unsubscribe: http://lists.wispa.org/mailman/listinfo/wireless Archives: http://lists.wispa.org/pipermail/wireless/
Re: SPAM-LOW: Re: [WISPA] Taking on an investor?
It's easy when your 21, unmarried and live with your parents. Muuuhahaaahahaha I have a leg up on all of you. =-O Brian Barry at Mutual Data wrote: Hello Brian, WHAT DEBT FREE You can't do that That will disrupt the time space continuum thingee. Didn't you know ISP's are supposed to not make money? Get a grip man :-) Barry Wednesday, August 24, 2005, 10:33:19 AM, you wrote: BR I plan to be debt free in a year, so I hope to be ok. Everyone all paid BR off and ready to roll. BR Matt Liotta wrote: I wouldn't worry about it since the way you did it put the investors at risk more so than you. There is a better way to do it and before your company gets too successful you may want to visit a lawyer and get things cleaned up. -Matt Brian Rohrbacher wrote: Just typed up something on the laptop that said, "I owe you "this" much", and we both signed it. Not fancy, but a little better than an oral agreement. I won't miss a payment and will pay them back if it takes closing the WISP and working 3 jobs. Missing payments is not an option. Only if I'm laid up in the hospital. Personal guaranteed? Well, I told them I will pay it back... I know the agreement leaves a lot open, but I trust these 4 people. Anyway, so they are not investors. Lastly, lets just leave me be about this :) I'd rather not try to defend a million questions about what if this and what if that. It is what I did and it is done. Charles Wu wrote: that would be a loan what type of collateral do they have? or what happens if you miss a payment? have you personally guaranteed the money? -Charles --- WISPNOG Park City, UT http://www.wispnog.com http://www.wispnog.com/ August 15-17, 2005 -Original Message- *From:* [EMAIL PROTECTED] [mailto:[EMAIL PROTECTED]] *On Behalf Of *Brian Rohrbacher *Sent:* Monday, August 22, 2005 10:20 PM *To:* WISPA General List *Subject:* Re: [WISPA] Taking on an investor? Well, I guess we would call them loans as I have all control. Correct me if I am wrong. They gave me money at a fixed rate. Loans or investments? Charles Wu wrote: well...in determing their "dumbness" (assuming you're willing to divulge this information) - what sort of investment / equity share / control do your investors have? I mean...assuming it's you and the other 4, does everyone have an equal share? (which is a different story all together) or does 1 single person have a majority share and the other 4 are minority partners -Charles --- WISPNOG Park City, UT http://www.wispnog.com http://www.wispnog.com/ August 15-17, 2005 -Original Message- *From:* [EMAIL PROTECTED] [mailto:[EMAIL PROTECTED]] *On Behalf Of *Brian Rohrbacher *Sent:* Monday, August 22, 2005 8:05 PM *To:* WISPA General List *Subject:* Re: [WISPA] Taking on an investor? Well, I guess I found four "dumb" people that got me started. All my start up funds came from 4 people. All four were subs from a previous WISP I owned, (before my partner took everything over and left me out in the cold) they all said, "I want you providing service, not the "other guy". So here I am. 7 months in and going strong. Oh, almost forgot, like my lawyer has me say..all that is just my opinion. ;-) I think "dumb" investors are great! Charles Wu wrote: sure a passive minority equity position stake in a privately held company is worthless, as legally, the person with the majority stake can make 100% of the decisions (in terms of purchasing, spending, cash distribution, etc) think about it, if it was your money, would you be willing to just "invest it" into a company when the majority partner can do whatever he/she wants to and you have no recourse? -Charles --- WISPNOG Park City, UT http://www.wispnog.com http://www.wispnog.com/ August 15-17, 2005 -Original Message- *From:* [EMAIL PROTECTED] [mailto:[EMAIL PROTECTED]] *On Behalf Of *Dylan Oliver *Sent:* Monday, August 22, 2005 4:10 PM *To:* WISPA General List *Subject:* Re: [WISPA] Taking on an investor? Charles, would you expand on that? On 8/22/05, *Charles Wu* [EMAIL PROTECTED] mailto:[EMAIL PROTECTED] wrote:
