Just a general word of advice...the biggest pitfall/doom of most startups is
not opportunity, but rather TOO MUCH opportunity...

Watch cash flow closely, and don't bite off more than you can chew

-Charles

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

-----Original Message-----
From: [EMAIL PROTECTED] [mailto:[EMAIL PROTECTED] On
Behalf Of Tom DeReggi
Sent: Thursday, August 25, 2005 7:53 PM
To: WISPA General List
Subject: Re: [WISPA] Taking on an investor?


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
>>>>>>>> ---------------------------------------------------------------
>>>>>>>> ---------
>>>>>>>>
>>>>>>>>
>>>>>>>>
>>>>>>>> No virus found in this incoming message.
>>>>>>>> Checked by AVG Anti-Virus.
>>>>>>>> Version: 7.0.338 / Virus Database: 267.10.14/79 - Release Date:
>>>>>>>> 8/22/2005
>>>>>>>>
>>>>>>> ----------------------------------------------------------------
>>>>>>> --------
>>>>>>>
>>>>>>>
>>>>>>>
>>>>>>> No virus found in this incoming message.
>>>>>>> Checked by AVG Anti-Virus.
>>>>>>> Version: 7.0.338 / Virus Database: 267.10.14/79 - Release Date:
>>>>>>> 8/22/2005
>>>>>>>
>>>>>> -----------------------------------------------------------------
>>>>>> -------
>>>>>>
>>>>>>
>>>>>>
>>>>>> No virus found in this incoming message.
>>>>>> Checked by AVG Anti-Virus.
>>>>>> Version: 7.0.338 / Virus Database: 267.10.14/79 - Release Date:
>>>>>> 8/22/2005
>>>>>>
>>>>
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