heymatty
Joined 17 years ago
Joined 17 years ago
Law enforcement shouldn't have to rely on the banks to disclose anything to them unless they come with a court order and ask specific questions.
The laws are put a strain on day-to-day business for everyone and it's tiring.
By getting another team to take over, it's almost as if we were getting one/two other co-founders to come on board. My co-founder and I will take an advisory role and that's why it's fair that the new team gets a majority stake in the company. We would retain 10-15% of common stock each.
I'm hoping we can find a team to take over. My co-founder and I will certainly be there to help with all the technical stuff and the business model.
I will probably write a more thorough post about it later on, but right now we're trying to focus on finding a team to take over and save taketake.