Thats a great way to start. Congradulations.
Tom DeReggi
RapidDSL & Wireless, Inc
IntAirNet- Fixed Wireless Broadband
----- Original Message -----
From: "Brian Rohrbacher" <[EMAIL PROTECTED]>
To: "WISPA General List" <wireless@wispa.org>
Sent: Thursday, August 25, 2005 11:20 AM
Subject: Re: [WISPA] Taking on an investor?
I just have to find someone to do installs. I have as many waiting to be
hooked up as I have hooked up. It's there for the taking, but I can't take
it! The search for help has started.
Tom DeReggi wrote:
Most ISPs shared that plan. But it rarely works that way, when you want
to grow your business.
Tom DeReggi
RapidDSL & Wireless, Inc
IntAirNet- Fixed Wireless Broadband
----- Original Message ----- From: "Brian Rohrbacher"
<[EMAIL PROTECTED]>
To: "WISPA General List" <wireless@wispa.org>
Sent: Wednesday, August 24, 2005 10:33 AM
Subject: Re: [WISPA] Taking on an investor?
I plan to be debt free in a year, so I hope to be ok. Everyone all paid
off and ready to roll.
Matt Liotta wrote:
I wouldn't worry about it since the way you did it put the investors at
risk more so than you. There is a better way to do it and before your
company gets too successful you may want to visit a lawyer and get
things cleaned up.
-Matt
Brian Rohrbacher wrote:
Just typed up something on the laptop that said, "I owe you "this"
much", and we both signed it. Not fancy, but a little better than an
oral agreement. I won't miss a payment and will pay them back if it
takes closing the WISP and working 3 jobs. Missing payments is not an
option. Only if I'm laid up in the hospital. Personal guaranteed?
Well, I told them I will pay it back... I know the agreement leaves a
lot open, but I trust these 4 people. Anyway, so they are not
investors. Lastly, lets just leave me be about this :) I'd rather
not try to defend a million questions about what if this and what if
that. It is what I did and it is done.
Charles Wu wrote:
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
-------------------------------------------
WISPNOG Park City, UT
http://www.wispnog.com <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
-------------------------------------------
WISPNOG Park City, UT
http://www.wispnog.com <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
-------------------------------------------
WISPNOG Park City, UT
http://www.wispnog.com <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]
<mailto:[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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