Quote of the Day from Rework: "It's entirely your responsibility to make your dreams come true."
Arrived in the office a bit late, ended up sleeping until 9:30 or so due to meeting with James R. and Wei D. over drinks at Old Town Bar to discuss refugee life from the BigLaw maelstrom. Good talk, mostly ended up gossiping and talking about every thing for a few hours rather than dig into the details on our respective companies.
James raised the point that Villager should just intermediate between the businesses and the lenders without actually issuing any of the notes. That is, the business should be the note issuer. I spent some time today thinking about that, but I think in the end we have to avoid that path because 1) simplicity is critical to the customer experience on both ends and 2) the securities laws implications of a direct issue are a bit too complex to have a small business owner grasp.
Today was another day of struggling to figure out what to do:
1) Finished Zaragosa post on the blog.
2) Reviewed the contract from James G. at GoToBed for web development services. Revised the contract and sent it back.
3) Modeled out the direct issue concept and decided against it.
4) Emails with Brooklyn Torch.
Still haven't heard back from the developer who was ostensibly the dream partner, but I think my decision to go with GTB rather than them is probably proved right by the fact that it took 1 week to get a proposal (after a promise of "this week") and a day has passed without a response. In the end, I need someone who will work enthusiastically and throw themselves full-time to the project and be fully available and responsive to my guidance. James seems to be that guy and he is very good. Hopefully his chattiness will not cause any productivity issues.
Also came across someone else's post on Profounder who rolled up the concept fairly neatly, which I have re-summarized here: Villager will have the advantage of rolling marketing, customer acquisition, identifying loyal customers and strengthening existing relationships into the process of funding.
Off we go tonight to the Dumbo Digital "What's Your Status" event sponsored by Big Fuel. The last Big Fuel event I went to was annoying and I did not enjoy it. We shall see how it goes.
Arrived in the office a bit late, ended up sleeping until 9:30 or so due to meeting with James R. and Wei D. over drinks at Old Town Bar to discuss refugee life from the BigLaw maelstrom. Good talk, mostly ended up gossiping and talking about every thing for a few hours rather than dig into the details on our respective companies.
James raised the point that Villager should just intermediate between the businesses and the lenders without actually issuing any of the notes. That is, the business should be the note issuer. I spent some time today thinking about that, but I think in the end we have to avoid that path because 1) simplicity is critical to the customer experience on both ends and 2) the securities laws implications of a direct issue are a bit too complex to have a small business owner grasp.
Today was another day of struggling to figure out what to do:
1) Finished Zaragosa post on the blog.
2) Reviewed the contract from James G. at GoToBed for web development services. Revised the contract and sent it back.
3) Modeled out the direct issue concept and decided against it.
4) Emails with Brooklyn Torch.
Still haven't heard back from the developer who was ostensibly the dream partner, but I think my decision to go with GTB rather than them is probably proved right by the fact that it took 1 week to get a proposal (after a promise of "this week") and a day has passed without a response. In the end, I need someone who will work enthusiastically and throw themselves full-time to the project and be fully available and responsive to my guidance. James seems to be that guy and he is very good. Hopefully his chattiness will not cause any productivity issues.
Also came across someone else's post on Profounder who rolled up the concept fairly neatly, which I have re-summarized here: Villager will have the advantage of rolling marketing, customer acquisition, identifying loyal customers and strengthening existing relationships into the process of funding.
Off we go tonight to the Dumbo Digital "What's Your Status" event sponsored by Big Fuel. The last Big Fuel event I went to was annoying and I did not enjoy it. We shall see how it goes.
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