Title: Message
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

-----Original Message-----
From: [EMAIL PROTECTED] [mailto:[EMAIL PROTECTED] On Behalf Of Brian Rohrbacher
Sent: Monday, August 22, 2005 10:20 PM
To: WISPA General List
Subject: Re: [WISPA] Taking on an investor?

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

-----Original Message-----
From: [EMAIL PROTECTED] [mailto:[EMAIL PROTECTED]] On Behalf Of Brian Rohrbacher
Sent: Monday, August 22, 2005 8:05 PM
To: WISPA General List
Subject: Re: [WISPA] Taking on an investor?

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

-----Original Message-----
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?

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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