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From: Dan Oister (dano, gtme dot cc)
Date: 2002.02.10 - 13.40 MST
X-Mailer: Microsoft Outlook Express 5.50.4133.2400
Thanks Jay.
Pretty scary stuff...
Our intent is pretty simple. If you're not making a product or selling a
product, what are you doing here? (OK, maybe a few support folks, but not a
ton of lame middle managers, etc.)
We're happy that the guys currently considering a sizeable investment are
mostly just rich guys that trade a lot of stock. I don't know if Perry has
shared any details, but we're no longer looking at this rather complex
foreign-investment debenture deal - its a pure equity position. They aren't
going to stuff a CEO down our throats that can't spell data storage.
We've got a meeting to prepare a terms sheet on Monday afternoon. If we can
get a common agreement on the definition of dilution, we may have very few
obstacles between us and our first investor.
----- Original Message -----
From: "Jay Miller" <jnmiller, colorado dot edu>
To: <antera, mail dot cryptofreak.org>
Sent: Sunday, February 10, 2002 2:13 PM
Subject: More network news, and a good read.
> Hello. Just wanted to inform everyone that though the list was down for
> a day or two, it's back. My ISP changed my static IPs on me and I had
> to wait for the new DNS address to filter though the system.
>
> Also, some of you may know already that ArsDigita finally shut down in
> the last couple days. The local geek heros Philip Greenspun and Eve
> Andersson (founders of the company) have some text on the matter
> of startup companies that looks fairly applicable to our situation.
> It's a look at both how and how not to run a company.
>
> Eve's account of the rise and fall:
> http://eveander.com/arsdigita-history
>
> And archived copy of Greenspun's account of same:
> http://webseitz.fluxent.com/articles/GreenspunOnArsDigitaLawsuit
>
> Quick reads, and not too boring, either.
>
> --
> Jay Miller
> --
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