I am looking into getting two people to help. One "install guy" and
one "sales guy", both on commission. Then I can be the guy who grows
the network to keep up, do site surveys, tower work/deals, and paper
work. Ok plan or no?? Charles Wu wrote: 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 takeit! 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 anoption. 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 alot 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 bewilling 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-- WISPA Wireless List: wireless@wispa.org Subscribe/Unsubscribe: http://lists.wispa.org/mailman/listinfo/wireless Archives: http://lists.wispa.org/pipermail/wireless/ -- No virus found in this incoming message. Checked by AVG Anti-Virus. Version: 7.0.344 / Virus Database: 267.10.15/80 - Release Date: 8/23/2005-- WISPA Wireless List: wireless@wispa.org Subscribe/Unsubscribe: http://lists.wispa.org/mailman/listinfo/wireless Archives: http://lists.wispa.org/pipermail/wireless/ -- No virus found in this incoming message. Checked by AVG Anti-Virus. Version: 7.0.344 / Virus Database: 267.10.15/81 - Release Date: 8/24/2005 |
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