Speaker unverified: belief

Transcript context

…[...] to invest? He was going to invest. He was ready to wire before everybody else. Like, “Can I wire?” I was like, “Oh, hold on. We’re having some bank issues. Let me get back to you.” What we did is we reached out to an attorney, I won’t mention who it was. It was like on a Monday and they were like, “Great! We’ll do it.” I had an attorney that I knew pretty well, but my co-founder has reached out. He was taking care of that. [...] we are running so fast that week. I was like, “Who’d you reached out to?” He told me. I said, “Okay, sounds good. Let’s get this started and set up.” Then the person just didn’t call us back. They were just quiet for two days. We called them, they’re like, “Oh yeah. I’m on it, I’m on it.” “No, you said you would do it tomorrow.” “Okay, we’re done.” Two day contract, we’re not working anymore. I called on some night work with actually at Wavii, Anik from Orrick who was the only attorney I’d ever worked with in this context, who I really liked. He got it turned around by 24 hours, opened a bank account and got money. The learning from that is don’t worry about getting all the trappings of the startups, I would say. All the things that on paper designated that there as the startup, just spend all your energy on, is this the right business? Because none of that stuff really matters unless you have the right business. The startup isn’t the legal entity in the payroll system, an IP assignment. It’s having a thing that exist in the world that didn’t exist before that customers want.…

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