Startup Junkies

America's Startup Booster Rocket Since 2004

Is a Big Bully Trying to Strong-arm a Tiny Startup into Surrendering its Business?

It certainly looks that way at first blush. Apparently venture capital firm Lightbank and one of its portfolio companies, WhosHere, are resorting to legal intimidation to pressure a tiny startup, Who’s Near Me, into surrendering its  domain names, Facebook page, Twitter account, as well as pay over $5,100 in legal fees.

Take a moment to compare the two domains:

– http://www.wnmlive.com/

– http://myrete.com/ (We are not going to link to this site for two reasons. One is principle and the other is that their site doesn’t load. ) http://www.downforeveryoneorjustme.com/http://myrete.com/ confirmed that was down at the time of this writing. Maybe somebody over there forgot to pay the hosting bill?)

However, the real thorn in Lightbody’s side appears to be the name more so than the domain. The company has issued an ultimate:

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This just came in from Facebook’s CEO Mark Zuckerberg about the IPO disaster:

Dear Facebook User,

Hi, it’s Mark.

As you may have heard, our IPO last week didn’t go quite as well as expected.  How badly did it go, exactly?  If you live in a major city, you’ve probably seen homeless guys huddled around bonfires of Facebook stock.  More ominously, I just received a call from my attorney telling me that I probably didn’t need a prenup after all.

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Here’s How to Raise Capital with Revenue Royalty Certificates

Lets take a look at the magic of  Revenue Participation Financing or Revenue Royalty Agreements as they are more commonly called these days.  With this method you sell (or buy) a share of a company’s revenue rather than a share of the company equity. This method is in contrast to traditional methods of finance such as selling (or buying) stock (equity) or borrowing (or lending) money in the normal way.  This post will help you to determine if your company qualifies for this type of funding and what it might cost. If you’re an investor, today’s blog will help you determine if this form of investing is for you.

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