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Since the form autonomously parses whois information, I would probably be aware that I am listed for presence.co, captain obvious. :)
Thanks for the heads up jpmc.
69 karma · joined August 18, 2010
Simplest Signup Ever!
Since the form autonomously parses whois information, I would probably be aware that I am listed for presence.co, captain obvious. :)
Thanks for the heads up jpmc.
While there will always be the silver spoon fed types who really "know" people, you can go a long way networking and being social. Not social networking. Get off your machine and go to events, conferences, where-ever the action is and make friends with people who can help you, and presumably who you can help too.
I know it is really hard to shift focus from the product and socialize, especially as a single founder. You have grown so accustomed to the efficiency of the Internet that any offline PR or networking seems like a grand old waste of time. I am guilty of that too. But I realize that many entrepreneurs have a competitive advantage by virtue of their social connections. Whether it be in the form of an introduction to a venture capitalist at a party or lunch with a tech journalist.
So I suggest you don't throw in the towel just yet. You now have a product. And obviously a supportive wife after four years. Drop the code for awhile. Step back and reassess where you are focusing your energy to steer your company towards a brighter future. It is not an easy or short road to follow. But if you really want it, you will get there.
http://www.ehow.com/list_6306349_massachusetts-state-unemplo...
"Employers who fail to pay unemployment insurance premiums can also be ordered to serve time in a state prison."
You can search for the legislation on Mass.gov if you like.
Your argument that he cannot afford the legal fees and thus should not pursue the business is not well founded. Furthermore, he never said he was looking for investors. In fact, I am led to believe that the product is almost market ready and the op is able to dedicate the time to completing it.
The "friend" is obviously in the same boat financially as the op. Neither one can afford to drag out a court case for an extended period of time and the only incentive to do so would be if the software succeeds. In that case the gentlemen could settle favorably and still "win".
You are not the other founder by any chance, are you?
The early histories of many successful SV companies are peppered with a sour business deal or two. The winners are those that hung on and fought. Did Gates walk away when when Jobs discovered that he was building GUIs? Who walked away from Facebook? Zuckerberg or the other guys? You know the twins...or "those other people" whoever they were. You get the point. Exactly, its just businesses.
If he is threatening legal action, take legal action first. File a complaint if he even touched your software. (Uploads it to a server, tries to give it to another developer to reverse engineer, etc.). Don't say anything in email or verbally that you may regret later. In fact, assume that when you talk to him, whatever either of you say may be used in court.
Start going it alone right away. Try to market and sell the product by yourself. Your wrote it. Its yours. He might try to take you to court over this in that you had some "verbal" agreements wrt a joint venture and he probably has some emails to back him up (M. Arrington et. al.) so it is imperative that you either placate him or take legal action first.
Take a look at PayPal Website Payments Pro.
https://www.paypal-business.co.uk/process-online-payments-wi...
Why don't you want to use PayPal. Its a pretty safe path to start accepting payments online and you can use their transparent API so they are not visible. Get an account, read their API docs and security best practices for the language of your choice (and in general). Implement an example from the docs on your server and grow it from there. Don't store credit card data on your server and don't cut corners when checking integrity of communication between you and PayPal.
Either roll up your sleeves and bootstrap the beta or have professional courtesy to sit and honestly write down, in-depth why you think it would be profitable for someone to give you money.
The founders are not jerks. They spent what they had on you and treated you well. Now they have nothing but your loyalty and goodwill. They probably want to pay you (maybe even before they pay themselves!) but they can't. Yes they are trying to keep plastic smiles so every one doesn't jump ship and you can live to fight another day. Perhaps, at this point they should be more honest, but I imagine they are afraid to see the dream vaporized.
Obviously, if you worked there for some time you at least kind of believe in what you are doing. Now is an opportunity to gain more control/equity and maybe even help steer the company to profitability. On the other hand if you are sure it is going nowhere, even if everyone tightened their belts and rolled up their sleeves then it is time to let go and write it off.
Yes you are entitled to the money. But you are probably not going to get it. You are only going to destroy relationships. Be up front with the founders. Either leverage your position to change your circumstances or walk away in good faith.