4 ms·
I don't think Iribe had the latitude to do that at the time. From what I understand Palmer owned most of the company still at that point. He would have had to
by gnarbarian 10y ago
I don't think Iribe had the latitude to do that at the time. From what I understand Palmer owned most of the company still at that point.
He would have had to get signoff from at least a majority of owners before just doing it.
- ss248 10y ago"Palmer owned most of the company" Not really. Even before that whole kickstarter campaign he was just a founder. Roughly, the deal was: Palmer giving full power to Iribe, Iribe helping Palmer with investors/kickstarter.
- cma 10y agoIribe gave the company a loan bigger than the entire Kickstarter goal before the Kickstarter launched: I'm guessing he had a bigger share.