From: Adam <""4thwormcastfromthemolehill\"{at}the field.near
the bridge">

Antti Kurenniemi wrote:
> "Adam" <""4thwormcastfromthemolehill\"{at}the
field.near the bridge"> wrote in
> message news:44230269{at}w3....
>
>>Never let go of 51%.
>>
>>In a private company if one person has 51% the rest have
>>no power & are there for the ride.
>
>
> Dude, I may be a bit funny at times but even I sort of know that .
>

You'll be surprised at how many comps start with some sort of "all
friends together" where there are 4 founders each with 25%. Investors
love them as they take 1 % from one person & then persuade 2 other to
sell up et voila job done...."through the door or the window
sir?"

>
>
>>Remember that one of the main rules of an investor (usually though I
>>know not yours) is "first fire the founder".
>
>
> I have a history with a few people involved in the investing company, but I
> don't really know if that's good or bad. It could mean that I'm easier to
> screw over because I trust them too much, but I'm really hoping it means
> that they will be a bit gentler on me than they'd be with a complete
> stranger. I'm sort of counting on my business being such peanuts to them (I
> know some other business they're involved in, and it's easily 100 times
> bigger stuff) that they wouldn't bother "just for the money"
which obviously
> is the only reason for someone to invest money but still...
>
> Oh well, today I'm supposed to give their team a presentation (for which I
> am quite unprepared), so at least I won't have too much time to ponder about
> things ;-)
>
>

Good luck.

Adam

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