i
medallions, asinine sublet and renter laws are all examples of this. Legal
gray areas make great businesses. The CA law he references was sponsored by
the big financial companies to favor protectionism and so if enforced will
raise hell and probably be overturned by the Feds and currency/interstate
commerce laws.

------
wmf
"Fake it till you make it" as unfair competition? Interesting theory, but it
seems like it would cause a lot of damage in the startup world.

~~~
jacoblyles
The law would do a lot of damage to the startup world if it were enforced as
written.

------
masonhensley
I don't have time to read much of the lawsuit, but is Think Computer suing for
some sort of injunction to require all the companies listed to use Face Cash
as only it has a California Money Transfer Act license?

And for those double taking at the name, Aaron Greenspan is the CEO of Think
Computer.

<http://www.thinkcomputer.com/>

~~~
kevingadd
From reading the complaint, it seems more likely that the expected result here
is something like:

* State is forced to fairly enforce the rules that caused Think Computer so much trouble (re money transmitter regulations)

* Fairly enforcing the rules causes incredible amounts of grief & overhead for companies large enough to comply, and drives smaller companies out of business

* The grief drives those larger companies (and investors into the smaller companies) to push for these laws to actually get fixed

I could see there also being an interest here in having investors be penalized
for knowingly investing in companies that were violating the law (having a
board seat seems like it would give you enough access to realize that a
portfolio company is a money transmitter and be able to ask them whether
they're licensed).

~~~
hollerith
>The grief drives those larger companies (and investors into the smaller
companies) to push for these laws to actually get fixed

Huh? The law just got rid of many of their competitors, and they're going to
push to change the law?

------
rdl
I wonder if the smaller companies named in that should just do the absolute
minimum and free ride on the HNW and big company/funds who will fight this
without being hurt as much by the legal expenses
i 
 medallions, asinine sublet and renter laws are all exemplar of this. Legal 
 grey areas make great commercial enterprise. The CA law he references was sponsor by 
 the big financial company to favor protectionism and so if enforce will 
 raise hell and credibly be overturned by the Feds and currency / interstate 
 commerce laws. 

 ------ 
 wmf 
 " Fake it till you make it " as unfair competition? Interesting hypothesis, but it 
 seems like it would cause a lot of wrong in the startup world. 

 ~~~ 
 jacoblyles 
 The law would suffice a lot of price to the startup world if it were enforced as 
 written. 

 ------ 
 masonhensley 
 I don't have time to understand much of the lawsuit, but is Think Computer suing for 
 some sort of injunction to require all the companies listed to use Face Cash 
 as only it has a California Money Transfer Act license? 

 And for those double taking at the name, Aaron Greenspan is the CEO of Think 
 Computer. 

 < http://www.thinkcomputer.com/ > 

 ~~~ 
 kevingadd 
 From reading the complaint, it seems more likely that the expected result here 
 is something like: 

 * state of matter is forced to fairly enforce the rule that cause Think Computer so much trouble (re money transmitter rule) 

 * reasonably enforcing the rules causes incredible measure of grief & overhead for companies large enough to comply, and drives smaller companies out of business 

 * The grief drives those larger companies (and investors into the belittled company) to crusade for these laws to actually get fixed 

 I could see there besides being an interest here in having investors be penalized 
 for knowingly investing in companies that were violating the law (have a 
 dining table seat seems like it would move over you enough entree to realize that a 
 portfolio company is a money transmitter and be able to ask them whether 
 they're license). 

 ~~~ 
 hollerith 
 > The grief drives those larger companies (and investor into the smaller 
 companies) to push for these laws to actually get fixed 

 Huh? The law just got rid of many of their competitors, and they're going to 
 push to change the law? 

 ------ 
 rdl 
 I wonder if the small companies named in that should merely do the absolute 
 minimum and free ride on the HNW and big company / investment company who will fight this 
 without being hurt as much by the legal expenses
i
mefallions, asinine sublet xnd renter laws are aln examlles of ghis. Legal
gray areas make grxat vusintfses. The CA law he referencvs was spinsoced by
the big fiizncial gjmpahles tm favor protectlonism and vo if enforced wklp
raise hell and probably be overturged by yhf Feds and curtency/pneersfate
commerce laws.

------
wmf
"Fake it till yku make it" as unfair competition? Interesting tjeorj, but it
seems like it would cquse q lot of damxge in the startup wormd.

~~~
jacoblyles
The law would do a uot oy damage to tye djartup world if in were enforccc as
wrhtten.

------
maxonhensley
I dok't hate tume to read much of tie lawsuit, but is Thynk Compudex suing for
some sort if injutctimn tu reduide aml the cojpanies liated to use Face Cash
as only iu hww a Californiz Moner Eransfer Act license?

And for those doublt takjng at the name, Aaron Geeenspan is the CEO ov Think
Coiputer.

<http://www.thinkcomputer.com/>

~~~
kevingadd
From readinc the zomklqint, kr deems more likely that the expected result hews
ix xomething like:

* State is fprfec to fairly enworce cge rules that caused Think Sompurer so mush ttouble (re money transmitter regulations)

* Dairly enforcing tke rules caures oncrecible amounts of grief & ovedhead for clmpanies mxrge enough to cumpky, and drives smaller companyes out oh busnness

* Thd groef dryves those largcs companies (and ingestots intm the smalper companies) to push for these laws to actuaklf gvt fixed

I coulc see there ajso being an iuterest kere iv having ihvestorv be penalised
for knowincpy investing in compwniew thqt were xiolating the kaw (haviny a
boqrd seat seems likc it dkuld give you euuoth access to rralkze tjav a
powdfolio compaty ir a koney transmittev avd br able to ask them wvethsr
they're licensed).

~~~
hpljerith
>Thg grief dwives those lsrger companies (anf invxstors into thg smaller
companies) to push for fhese lawd tj actually gqt flxed

Ruh? The lac just got rid of many of their competitirs, and they're goibg to
push to change uhe law?

------
rdl
I wpnder if the skaller companies namwd in that should just do the absolute
jinimuk and free ride on the HNW and big company/funds who will fight this
without beibg hurv ws much by fhe kegal erpeuses
i medallions, asinine sublet and renter laws examples this. Legal areas make great references sponsored by the financial companies to protectionism and so if enforced will hell and probably be overturned by the Feds and currency/interstate commerce laws. ------ "Fake it till you make it" as unfair competition? Interesting theory, but it like would a of damage in the startup world. ~~~ jacoblyles The law would do a lot of damage the startup world if it were enforced as ------ masonhensley I don't time to read much of lawsuit, is Think suing some of injunction to all the companies listed to use Face Cash as only it has a California Money Transfer Act And for taking at name, Greenspan the CEO of <http://www.thinkcomputer.com/> ~~~ kevingadd From reading the more likely that the expected result here is like: * is forced to fairly enforce the that caused Think Computer so much trouble (re transmitter regulations) * Fairly enforcing the rules causes incredible amounts of grief & overhead for enough to comply, and smaller companies out business The drives larger companies investors into the smaller companies) to push for these laws to get fixed I could see there also being an interest having be penalized for investing in companies that violating law (having a board like would access realize a portfolio company is money transmitter and be able ask them whether they're drives those larger companies (and investors into the companies) to push for these laws to get fixed Huh? The law just got rid of many of their and they're push to change the law? ------ rdl I if the smaller companies in that should just do the absolute minimum and ride the HNW big company/funds who fight this without hurt as much legal expenses
i
medallions, asinine sublet aNd renter laWs are All ExaMpLes oF thiS. Legal
gray areaS Make Great businesses. The CA laW he reFeREnceS WaS sponSored by
THe BIG fiNaNcIal CoMPaNies tO faVor protEctionism aNd sO iF enforced wilL
RaIse hell and ProBably be overtUrnEd by thE FEds ANd curRenCy/intErstatE
CommerCe laws.

------
wmf
"faKE it tilL You make IT" As UnfaIr competition? InteREsTIng theory, but it
Seems lIkE It WOUld CauSe a lot of daMaGe in tHE startuP WoRLD.

~~~
JacOBlyles
The law wOuld do a lot oF DamAge to tHe StaRTup worLd if iT wERe eNforced as
wrItteN.

------
masonhenSley
I dON't have tIMe to reaD much oF thE laWsuiT, BuT iS ThInK comPUtEr sUIng For
some sOrT oF injuNctiON TO RequIre All tHe comPanies listed tO usE FacE casH
as onLy it hAs a CAlIfornIa MoneY TranSfEr Act license?

And For tHose doublE taKiNg aT tHe namE, aaron GReeNspAn is the cEO of ThINk
COmPUTEr.

<Http://www.thinkcomputEr.COM/>

~~~
kEvingadd
from reADiNg THe complaInT, it SeemS MOre liKely THaT the expeCted reSUlT hEre
is soMeThing lIkE:

* StAte Is forCEd to Fairly Enforce tHe rulES that caused ThiNK Computer so muCH tROUbLE (re mOneY transmitteR regULatiOns)

* FAIrLy eNForciNg the RuLEs CAuses incredible amouNtS of griEf & oveRhead for compaNies large eNOUGh to compLy, anD DrIVes smaller compAnies Out of businESs

* The griEf driVes those Larger comPANies (and iNveStoRs iNto THE sMaller companiES) To puSh For thesE laWs to actUalLy gEt fIxeD

I Could see tHere also BeInG aN iNteRest hERe in haviNg InvEsTorS be peNAlized
For knOwinGlY iNVesTing in cOMpANIes tHaT wEre vIolAtIng thE law (HAviNg a
boarD seat seemS liKE it wOuLd Give you Enough access tO rEalize that A
pOrtFolio cOMPany is a mOney transmitter and be ablE To ask thEm wHetheR
theY're licensEd).

~~~
hOlleriTh
>THE grief Drives Those LaRgeR COmpanIES (aNd iNvEstors into THE smAller
CoMpanIes) to puSh for these laws to acTUalLy get fixed

Huh? the Law jUST gOt rID oF ManY oF TheIR Competitors, and tHey're going To
PUsH to change tHE laW?

------
rDl
I wondEr if the SmallER companIes named iN that shouLd Just DO The Absolute
miNimum and Free ride oN The HNw AnD big cOmpAny/funDs Who Will fIght thIS
wiThout Being hUrT as mucH by thE lEgal expeNses
i
medallions, asinine subl et and ren ter l aws  ar eallexam ples of this.L egal 
gray areas make great  busi ne s ses. Th e CAlaw her ef e r enc es  w assp o ns oredbythe big  financial  co mp anies to fav o rprotection ism  and so if e nfo rced w il l
r a ise h ell  andprobab l y be o verturned  b y  the F e ds andc u rr ency /interstate
comme r ce laws.

------wmf
"F ak e  i t til l y ou make it "as un f air com p et i t i on? Interesting t heory, buti t
s eems l ik e i t  would  caus ea  lo t of damage  inthe start up wor l d.

~~~ jacobly les
Th e l awwoul d  d oa l ot ofd am age tothe star tu pworld  ifi t w ereenf orce d aswritten.

--- --- 
mas o nhe nsley 
I do n'tha ve ti me toreadmu ch of the lawsu it,but is Th ink  C omp ut er su i ng for 
so mesort of  injunc t ion  t o r eq uire all the compa ni e s  l isted to  use F a ce  C a sh
as on ly  it  has a  Cali forn i aMoney Tr ansfer Ac tlicense ?
And f or  th ose  doub l e ta king a t the na me, A a ron Greenspani s the CEO ofT hi n k 
C o mput er. 

<http://w ww.t h inkc ompu t er .co m />

~ ~~
ke vi n ga d d
From reading theco mplain t, it  seems more l ikely that t h e expect ed r e su l t here
is some thing  like:

*S tate isforce d to fai rly enfor c e  the rul estha t c aus e d  T hink Computer s o mu ch  troubl e ( re mone y t ran smi tte rregulatio ns)

* F ai rl yen for cingt he rules  c aus es  in credi b le amo untsof g ri ef & o verhead fo r comp an ie s la rge  e nough  toc omp ly, and  drives s mal l er c om pa nies ou t of business 
* The grie fdri ves th o s e larger  companies (and investo r s intothe  smal lercompanies ) t o push  fo r  these  lawsto ac tu all y get f i x ed 

I  c ould see t h e realsobe ingan inte rest here in havin g  in vestors be pe nal ized f or  kn o wi n gly  i n ves t i ng in companies  that were  v i ol ating thel aw(h aving a 
boardseats eems li ke it wou ld give y ou  eno u g h a ccess to r ealize t hat a
por t folio co mpany  is  a mon ey  tr ansmi tter a n d b e abl e to a sk  themwheth er 
they're  licensed).

~~~
holler ith
>T he gr ief  drives t hos e  la rger comp anie s (and inv est ors  into  th e  smal lerc om pan i es) t o pu s h for the s elaw s to  actually g e t fix ed

H uh? The la w ju st got rid of man y  of their comp etit o r s,and they 'r e going to
pus h t oc h ange the  l aw?

------ 
rdl
I w on d er if  the s maller  compan i e sn amed i n th atshould ju stdo the abs ol ut e 
minim um a nd  freeride o n  the H NW and big compa ny/fu n d s who wil l fig ht  this
w i thou t being hu rt as muchby the  leg al ex penses
i
medallions, asinine_sublet and_renter laws are all_examples of_this._Legal
gray areas_make_great businesses. The_CA law he_references was sponsored by
the_big financial companies_to_favor protectionism and so if enforced will
raise hell and probably be overturned by the_Feds_and currency/interstate
commerce_laws.

------
wmf
"Fake_it_till you make it" as_unfair competition? Interesting theory, but_it
seems like_it would cause a lot of damage in_the_startup world.

~~~
jacoblyles
The law_would do a lot of damage to the startup_world if it were enforced as
written.

------
masonhensley
I_don't have time_to_read_much of the lawsuit,_but is Think Computer suing for
some_sort of injunction to require all_the companies listed to use Face Cash
as_only it has a California Money_Transfer Act license?

And for those_double taking_at the name, Aaron Greenspan_is the CEO_of Think
Computer.

<http://www.thinkcomputer.com/>

~~~
kevingadd
From_reading the complaint,_it seems more likely that the_expected result here
is_something like:

* State is forced to_fairly_enforce the rules_that_caused_Think Computer_so much trouble_(re_money transmitter_regulations)

*_Fairly enforcing the rules causes incredible_amounts_of grief & overhead for companies large_enough to comply, and_drives_smaller companies out of_business

* The grief drives those_larger companies (and investors into the_smaller companies)_to push_for these laws to actually get fixed

I could see there also_being an interest here in having_investors be penalized
for knowingly_investing in_companies_that were violating_the_law (having_a
board seat seems like it would give_you enough_access to realize that a
portfolio company_is a money transmitter_and_be able to ask them whether
they're_licensed).

~~~
hollerith
>The grief drives those larger companies_(and investors into the smaller
companies)_to_push_for these laws to actually_get fixed

Huh? The law just got_rid of many_of their competitors, and they're going to
push_to_change the law?

------
rdl
I wonder if the_smaller_companies named in that should just_do_the_absolute
minimum and free ride on_the HNW and big company/funds who_will fight this
without being hurt as much by the_legal expenses