So you are going to make a special set of corporate bylaws that disentangle shares from control?
Hmmm... Something like: the initial "trustworthy owners" are given temporary trusteeship over the shares, but are then bound to distribute them according to the wishes of the AGI once the AGI passes some threshold level of intelligence?? I suppose that could work... I know the Frankfurter Allgemaine Zeitung (famous German newspaper) is operated by each of the 5 publishers being given trusteeship over 1/5 of the shares ... but then they pass this trusteeship along to their successors when they retire... -- Ben G On 6/3/07, Mark Waser <[EMAIL PROTECTED]> wrote:
:-) The ones controlling the company are that set of trustworthy owners that I mentioned before. One of the reasons why I'm not giving out intermediate options is to prevent questions/problems like this. I *do* understand pretty well how VCs think/operate and the biggest drawback is going to be that, in order to protect the AGI, we're not going to be willing to give up a majority share. ----- Original Message ----- *From:* Benjamin Goertzel <[EMAIL PROTECTED]> *To:* [email protected] *Sent:* Sunday, June 03, 2007 9:08 PM *Subject:* Re: [agi] Open AGI Consortium Because, unless they take a majority share, they want to know who it is they're dealing with... i.e. who is controlling the company One of the most important things an investor looks at is THE PEOPLE who are controlling the company, and in your scheme, it is not clear who that is... Yes, you can say "I control the company even though I don't have a controlling set of shares", but investors are not likely to trust, this, because they view financial ownership as the essence of motivation [since that is what motivates them, by and large] ------------------------------ This list is sponsored by AGIRI: http://www.agiri.org/email To unsubscribe or change your options, please go to: http://v2.listbox.com/member/?&;
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