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
-----Original Message-----Charles,
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?
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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