Title: Message
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 August 15-17,
2005
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 August 15-17,
2005
Charles,
would you
expand on that?
On 8/22/05, Charles
Wu <[EMAIL PROTECTED]>
wrote:
FWIW...no
invester (other than friends and family) worth their salt will
be willing to invest capital into the company for a minority
position, as that is basically a sure way to guarantee the loss of
their money
That said, there is a fool born every
day
-Charles
-- Dylan
Oliver Primaverity, LLC
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