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Re: Phone call
At 09:01 PM 10/3/1999 -0400, David Lass wrote:
My concerns/thoughts :
1) There is no cost shown for acquiring the subscribers over the AGA
subscribers
DG: This will happen thru APD and ad exchange, very low cost methods.
2) There is no cost for acquiring the distributors
DG: I do not expect significant cost for acquiring distributors.
3) I think that AGA should have a maximum they would be asked for each
quarter -- may be more than these losses
DG: I am not sure I understand this point. Certainly, AGA cannot and
should not invest more than they think wise.
4) Assuming that AGA can own a part of a profit making entity (which I do
not know) I would suggest that ownership be establish in a typical venture
capital manner -- founders are given a %, and capital is invested as
required in tranches over time. Assume that the venture needs a maximum of
$10,000 to cover losses for the first 5 - 6 quarters. Manager and editor
could not be paid and would get more stock that way
DG: If the stock being dividendable is a serious problem, we can probably
create a separate class of non-income producing stock for AGA. But that
stock could still vote. I don't know what a tranch is. I expect that
manager and editor will take stock rather than cash for a while.
If anyone has any additional questions, please feel free to ask.
--
Dave Gomberg, San Francisco mailto:gomberg@wcf.com
For low cost CO2 systems that work: http://www.wcf.com/co2iron
Tropica MasterGrow in the USA: http://www.wcf.com/tropica
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