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@Velocio
We are :)
The due diligence is still ongoing. I fielded a couple of calls late on Friday about IP ownership.
Some concern over the way Seedrs want to do the equity. I am unclear and will speak to them Monday, but they mentioned that the lowest possible investible amount is £10 and that the shares have to be divisible into that.
They mentioned that 17 shares make £10, but my math seems to indicate that this is based on the option pool which includes Matt and future hires is being counted post-funding, which would dilute you guys... my investors. So now it's me holding things up as I want to double-check that the math is correct, and that they are doing it with the option pool being pre-funding so you aren't being diluted (at least, at this point).
I guess this is what the back and forth is all about.
Matt started last week, and we've already gone through architecture, plans for San Francisco (our short trip to figure it out and scout for leads for possible large investors in a year's time). We've also got the internals of the company in shape, and done the boring stuff like make sure any equipment he needs is ordered (should be here Monday).
Finally we have a possible developer/volunteer coming in Monday so we can see if his ambitions align with what we need. He's a forumenger and looking for experience in startups and to learn more too, we're a startup looking for all the help we can get... so it looks like it might work out.
So that's the first 3 working days of this year. Pretty productive... but any day that we aren't laying down code or testing an assumption still feels like a day wasted, so I can't wait to get the money in the bank and to witness the product emerge. I do like the fact that nothing can work fast enough for me though... it's quite a driving thing.