It's easy when your 21, unmarried and live with your parents.
Muuuhaaaaahaaahahaha!!!! 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: |
-- WISPA Wireless List: wireless@wispa.org Subscribe/Unsubscribe: http://lists.wispa.org/mailman/listinfo/wireless Archives: http://lists.wispa.org/pipermail/wireless/