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So would that imply that the founders could try to collect part of the $50k from Bootup Labs? It sounded like when they got kicked out of the program, Bootup La
by chris11 17y ago
So would that imply that the founders could try to collect part of the $50k from Bootup Labs? It sounded like when they got kicked out of the program, Bootup Labs only covered the previous months rent, when Statusly should have already paid for rent and services for the entire length of the program.
Now if Statusly was only in the program for 2 out of the 8 months, then it seems like the founders could be owed around $35k (50k2/8.95) for the money that they paid to be in the program for the rest of the 6 months.
- cperciva 17y agoI would assume that Statusly never paid Bootup Labs the $50k, due to Bootup Labs never giving them the $50k to give back.
- bmann 17y agoYou guys are getting confused with the "rent" word. We paid Statuslys out of pocket expenses (i.e. their apartment and food) because they had no money.
- hga 17y agoAs I understand it, they had no money in part because you didn't keep your side of the agreement.