LFGSS: Turning a hobby into a technology startup

The scenario wasn't meant to be taken literally but just to provoke some thoughts. Anyway, David has already been doing the CEO role since day nought, so that is not an additional burden. Of course, it assumes LFGSS is already incorporated. If David has a company that he could use for the purpose, say, Kitchen Ltd., then that could also be a consideration...

I think the idea that the same person would be CEO of both LFGSS and Newco is a bit suspect, to be honest, but when I read back your original proposal I see that it's purely and simply a mechanism for getting money out of the hands of forumengers into Newco via LFGSS, with little real prospect of upside commensurate with the risk taken. I'd rather give a donation and take the kudos than chuck my cash on a gambling table set up like this.

The idea of splitting Newco out from LFGSS does raise an interesting challenge for the business concept, though: as I understand it, to be successful, David's new self would have to be able to convince David's old self to move his beloved forum of his beloved servers running his beloved code and into an entirely other system.