Chapter 011 - 2015.07.21

I paid them quite a bit of money -

• to get their attention -

  • and to learn what I had developed.

In a matter of a few months -

• they were convinced,

  • I had something innovative and marketable.

We ended the contract -

• and became business partners.

A new business entity was formed -

• to further develop the new app platform.

In a short period -

• a Boston-based VC firm took notice of our app.

The merger happened quickly.

Statisfy was the resulting brand name.

$4 million in development capital was raised.

Our team got 40% of the stock.

Our team gave up control of development.

I became an unpaid consultant.

But I continued to work a lot.

They burned through the $4 million very quickly.

The email sent to me on this day -

• threatened to take away our stock -

  • if we did not give them more cash.

I had never heard of this before.

It's called:

• "Pay to Play" -

  • and it's a common practice in the investment world.

I hired an attorney -

• to learn all this.

Another thing, I did on my own -

• was to demand my stock certificates -

  • which had never been forwarded.

I told them they would get nothing more -

• until these were in our hands.

But I also knew,

• we would NOT be giving them another dime.

The writing was on the wall -

• that the whole venture -

  • would soon be dead in the water.

They already had ruined the core concepts of the alternative solution.

The stories I could tell you -

• about my personal experiences with their test group.

Picking on me and trying to force me out of the platform.

They obviously were not told that I was the original architect -

• or they were told -

  • and told to get rid of me.

This is why I will NEVER again -

• enter into a business arrangement with anyone else.

The only power I will ever possess -

• is the power to publicly criticize -

  • when a group disrespects the intent of my work.

I now exist -

• only to help ensure -

  • developer groups -

    • do things correctly.

To help all humanity -

• vs. help their own wallets.