Wise words for sure. There is more than any one can do by oneself out
there. The opportunities can run you broke if you chase them all.
Scriv
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" <[email protected]>
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" <[email protected]>
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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