4 ms·
There is something to be said about how in the US it's often best not to contact regulators at all, and to simply fly under the radar for as long as possible.
by nostromo 14y ago
There is something to be said about how in the US it's often best not to contact regulators at all, and to simply fly under the radar for as long as possible.
That said, this guy is seriously toxic. Just by responding to his emails in a friendly manner can get you named in a lawsuit... and to blame competitors instead of regulators... Seems like someone to be avoided at all costs.
- ricardobeat 14y agoBear in mind this guy has spent a fortune and has been severely screwed over by regulators, while dozens of startups operate in the clear with similar services. He could probably get over the hurdles with funding, but who's going to put his feet into this mess? I'd be freaking out too. Makes me wonder, if had he operated under the radar for a while, and gradually complied with newly imposed regulations, things would be ok. Even if he got a massive fine, that'd be good publicity, and he must be spending a ton on lawyers anyway.
- nemothekid 14y agoApparently that was first avenue of action. He says here : https://www.facecash.com/legal/brown.html https://www.facecash.com/legal/brown.html that he applied, but they required his company to raise 80 million dollars before he could pay $5,000 fee. Strangely enough however, he also claims to have built facebook (although the language keeps it vague enough that you aren't aware of his contribution)
- ricardobeat 14y agoNot strange at all. See http://en.wikipedia.org/wiki/Criticism_of_Facebook#Aaron_Greenspan_and_houseSYSTEM http://en.wikipedia.org/wiki/Criticism_of_Facebook#Aaron_Gre... For some perspective, Stripe has only raised $40M to date.
- cabinguy 14y agohttp://newsroom.fb.com/News/198/Facebook-and-Think-Computer-Corporation-Resolve-Trademark-Dispute http://newsroom.fb.com/News/198/Facebook-and-Think-Computer-...