Stephen Gates
👤 SpeakerAppearances Over Time
Podcast Appearances
And then the third guy, he had, like, 25 because we had done some Lego before then.
But then he said, well... So, like, yeah, okay, sure.
33, 33, 33, right down the middle.
Um...
So there was always like red flags, right?
But back then, Russell and I had the mentality of, well, we can work through it, right?
Founding is like a marriage.
By the way, back then, we didn't even know what an LLC was.
Yeah.
You know what I mean?
Like that was the first learning.
We learned what an LLC was.
And the day after that, we learned what equity was.
Day after that, we learned what was the vehicle to take a $35,000 check.
You know what I mean?
Like that's the mind frame that we were in.
So now though, being more experienced and looking back, we can kind of tell like, oh shit, that was like no fucking way it would have worked.
Did you have vesting schedules?
What was that?
Did you know about vesting?