--- In FairfieldLife@yahoogroups.com, Louis McKenzie <[EMAIL PROTECTED]> wrote: > > Thanks. I thought I made it clear but I guess I did not. > My partners and the investors are different people. I have > kept going the whole time to be able to pay the investors > their money back. I have taken responsibility for their > money even if they have not been willing to assist me at > all.
Then you have my apologies for suggesting otherwise. As I explained in a subsequent post, I am a little sensitive on this subject. > They invested because they thought I was working for my > partners. They had a responsibility to cover the company > and my personal expenses while I built the company. > > The Partners got friends to put up money and then they > abandoned. They thought they had me in a position that > they would own the major portion of the company even if > they did not uphold their responsibilities. That is certainly possible, and I commisserate. I have seen this happen with "vulture capitalists" in the software business -- investing just enough money so that the business is designed to fail, at which point the vulture capitalists own all the intellectual property. Good luck in working things out, and I hope that you are able to make the business a success. My rant was aimed not at you personally but at people I've known who borrowed hundreds of thousands of dollars from friends to create a business, did so, and then spent the first five years' earnings from the business on new cars, houses, and an ostentatious lifestyle. The original friends had to finally sue them to make them pay back the money they could easily have paid back in the first year of successful oper- ation. Suffice it to say they are no longer friends. And all of these people meditated, and thought that they were better than those who didn't. > --- On Mon, 8/25/08, TurquoiseB <[EMAIL PROTECTED]> wrote: > From: TurquoiseB <[EMAIL PROTECTED]> > Subject: [FairfieldLife] Re: commitment belief trust and adveristy > To: FairfieldLife@yahoogroups.com > Date: Monday, August 25, 2008, 7:28 AM > > --- In FairfieldLife@yahoogroups.com, Louis McKenzie <ltm457@> wrote: > > > > So I am writing all of this to say. Even though I may question > > if perhaps I am a little nuts. I have really gotten to see > > what happens when one puts principal ahead of security. > > I think the word you want is 'principle.' > > > I had received money to make an investment 3 years ago. The > > investors backed out they only want to know when I will give > > their money back or have money for them. > > I know that most here express sympathy for your > situation, and I do as well, but this legitimate > question remains unaddressed in your post. Please > note that all of the following information in your > post is about *you* and *your* family and *your* > lifestyle: > > > My original partners abandoned me 3 years ago. I could have > > chosen to run away but I did not. In the three years from > > 2005 till 2008 I was able to send my step daughter to a > > Waldorf School and allow my wife the time to devote to our > > toddler. From 6 months pregnant to 3 years old my wife was > > able to dedicate herself to our children. > > > > In Brazil this is not valued, but for me it is very important. > > I'm sure it is. Did your original investors not > getting their money back have any impact on *their* > families or *their* lifestyles? > > > I believe that within the next couple of days my funding > > will be finally in my account. I will put forth the first > > payment on our home and hopefully get my family back in > > order. > > And again, your "funding" (theoretically, more > investment in your business ideas) comes through, > and the *first* you do with it is buy a house for > you and your family? While the question of how > much is left for the business idea or how much > goes to repaying your original investors remains > unaddressed? > > I lived in New Mexico for several years. Few people > know that Microsoft started there, in Albuquerque. > During my time there I ran into probably two dozen > people who still spit every time they hear the name > "Bill Gates" because he blew town and moved to Seattle > owing them tens of thousands of dollars, and in a few > cases hundreds of thousands of dollars. > > The richest man in the world has never paid those > debts. He has never even *acknowledged* those debts. > Bill Gates can give away billions of dollars to > charity for the rest of his life, but not one of > these people he left holding the bag are ever going > to have an ounce of respect for him. > > All I'm suggesting is that as things come around for > you and you start to get back on your feet financially, > you might want to put some thought into repaying the > people who invested in you earlier, instead of referring > to them as having "backed out on you." > > I'm sorry, but the almost complete self-absorbtion of > your post leads me to believe they might have had some > reason for doing so. Even if this is not true, the bottom > line is that if you still owe them money, you still owe > them money. > > They didn't *give* you the money, dude...they *invested* > in you. If you don't repay their investment, you can > write here all you want about how your vision helped you > through the struggle, but that's like listening to Bill > Gates spout bullshit about how he made billions by being > so smart, when in fact he got rich by bailing on his debts. > > > > > ------------------------------------ > > To subscribe, send a message to: > [EMAIL PROTECTED] > > Or go to: > http://groups.yahoo.com/group/FairfieldLife/ > and click 'Join This Group!'Yahoo! Groups Links >
