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:
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?
WISPNOG Park City, UT
August 15-17, 2005
would you expand on that?
On 8/22/05, Charles Wu <[EMAIL PROTECTED]> wrote:
invester (other than friends and family) worth their salt will be
willing to invest capital into the company for a minority position, as
is basically a sure way to guarantee the loss of their money
That said, there is a fool born every day
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