Jason Schreier

So the lesson that I took from that was be very clear with people you're collaborating with early on about what their role is going to be, how ownership of something is going to work, even if it's like a really kind of embryonic project and you're not sure what it's going to be.

Be sure that you're communicating to everybody like who owns what, even if you think that it's clear, because we certainly thought it was clear, but it was not apparently.

And that led to the whole thing falling apart, which was a bummer.

And that's why TripleClick has an operating agreement.

It does.

If you're starting a business, definitely have an operating agreement.

That's a related lesson.

I can't imagine that happening.

Yeah, for this, for my situation, my friend and I were actually great together and had been working together a lot on the project.

It was more other people that we brought in who we didn't communicate with well.

But yeah, I mean, that's certainly true.

An operating agreement is great, even if like the three of us, we work really well together and, you know, just work things out and talk through all of our ideas and like resolve things together.

pretty easily but it's nice knowing that we have like a kind of a mechanism for that if we ever need to be like okay well the official rules of our you know of our business are the voting works this way or something like it's just nice knowing that exists just in case you need it how does it work is it just majority rule i don't think we ever had to address the agreement how little this has ever come up because we could just talk through conflicts but it is on a legal document that all three of us signed you know what i mean like it's nice knowing that that is uh that exists

66% of the LLC has to agree for a decision to go through.

Interesting.

You should read over our operating agreement, Jason.

Also, it was expensive to get it written.

Yeah, it hasn't been relevant in the six years we've been doing this.

It's a good thing.

I feel like a lot of people we know out there should listen to both of your stories.