Title: Message
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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
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WISPNOG Park
City, UT
http://www.wispnog.com
August 15-17,
2005
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
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WISPNOG Park
City, UT
http://www.wispnog.com
August 15-17,
2005
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
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WISPNOG
Park City, UT
http://www.wispnog.com
August
15-17, 2005
Charles,
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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