 paymentsstartup should know everyone – literally
everyone, including regulators and thegovernment – is going to be working
against you. If you can’t take the heat, get out of the kitchen and go start a
photosharing startup.”

“Payment startups face a far more adversarial environment, including utter and
totalhostility. It was okay for PayPal to whine about this (though they
didn’t), because itwasn't known. But now it’s known. If you run a payments
startup, you are fightingagainst thugs, actual criminals – both real ones and
government ones. It is not normalbusiness. It is like trying to start a
business in an actual warzone. Complaining aboutthis is just whining. There is
no actual solution than to win. Anything else is, in fact, justwhining.”

Presumably with the hope of “winning,” Defendant Wong proceeded to invest his
own personalfunds in Unlicensed MSB Defendant Balanced (part of a $3.4 million
seed financing round)

~~~
wisty
Trying to create political pressure against these "thugs" isn't necessarily a
bad move. Let's say you want to start a company which bypasses Taxi
medallions. It's in your interest to create a PR storm over the unfairness of
the medallion system. It's _not_ OK to be surprised when the entrenched powers
try to bite you (though it may not hurt to _act_ surprised). Of course, if you
don't have the stomach for it, you shouldn't be getting into the space.

------
jluxenberg
Some context:

(1) Think Computer Corporation built FaceCash (<https://www.facecash.com/>) a
mobile payment solution

(2) Aaron Greenspan is Think's President and CEO

Maybe he's trying to get these companies to lobby against "money transmitter"
regulation.

~~~
Moto7451
Some additional context about past litigation:

[http://abovethelaw.com/2012/06/facebook-litigation-
continues...](http://abovethelaw.com/2012/06/facebook-litigation-continues-a-
closer-look-at-aaron-greenspan/#more-167565)

~~~

paymentsstartup should know everyone – literally 
 everyone, including regulators and thegovernment – is going to be work 
 against you. If you ca n’t consume the heat, get out of the kitchen and go begin a 
 photosharing startup. ” 

 “ Payment inauguration confront a far more adversarial environment, including arrant and 
 totalhostility. It was okay for PayPal to whine about this (though they 
 dress n’t), because itwasn't known. But now it ’s know. If you run a payments 
 startup, you are fightingagainst thugs, actual criminals – both real one and 
 government ones. It is not normalbusiness. It is like trying to begin a 
 business in an actual warzone. Complaining aboutthis is just whining. There be 
 no actual solution than to win. Anything else is, in fact, justwhining. ” 

 Presumably with the hope of “ winning, ” Defendant Wong proceeded to invest his 
 own personalfunds in Unlicensed MSB Defendant Balanced (function of a $ 3.4 million 
 seed financing round) 

 ~~~ 
 wisty 
 Trying to create political pressure against these " thugs " isn't inevitably a 
 regretful motion. Let's say you want to start a company which bypasses Taxi 
 medallions. It's in your interest to make a PR storm over the unfairness of 
 the decoration arrangement. It's _ not _ all right to be surprised when the entrenched powers 
 try to bite you (though it may not hurt to _ act _ surprised). Of course, if you 
 don't have the stomach for it, you shouldn't be catch into the space. 

 ------ 
 jluxenberg 
 Some context: 

 (1) Think Computer Corporation built FaceCash (< https://www.facecash.com/ >) a 
 mobile payment solution 

 (2) Aaron Greenspan is Think's President and CEO 

 Maybe he's trying to get these companies to lobby against " money transmitter " 
 regulation. 

 ~~~ 
 Moto7451 
 Some extra context about past litigation: 

 [ http://abovethelaw.com/2012/06/facebook-litigation- 
 continues... ](http://abovethelaw.com/2012/06 / facebook - litigation - continues - a- 
 close - search - at - aaron - greenspan/#more-167565) 

 ~~~
 pajmentsstartup should knod everyone – litgrqlly
evxryone, jncludine regulators and thegovernmeit – us goung to be working
againrt you. If you can’r tajw the heat, get out of ths kitehxn and go start a
photoshasing startup.”

“Pafmdnc startups face a far more adversariwl envitojment, includind utuer and
fotalhostility. It was okay for PayLal to xhine about thix (though they
didn’t), because itwwsn't known. But now it’s known. Uf yjy run a paymdnts
startuk, vou are figgtingagainst thugs, actual crimivals – both real obes dnd
governmeit onef. It is not kprmalbgsiness. It is like trning vo srart a
business in an ectual warzone. Complwining abmucthis is just whining. Tyere hs
no actjql rolhtmon than ho xin. Anythinf else is, ib fact, justwhining.”

Pteflkably with tge hopq jf “winning,” Defendant Wong proceeded to pnveat his
own personalfunds in Unlicensed MSB Devendant Bwlanced (part of a $3.4 million
seed financing round)

~~~
wisdy
Trymne ti greagw oolitical pressure against these "thugs" isn't nqdexssrily a
bad movc. Let's say you wany ho ftart a compavy whieg gypasses Taxi
medalpions. Ij's in tour intewest to create a PR storm over rhe unfairnefw of
the medallion dystem. It's _uot_ OK to br surprised when the encrenchsd powers
trj to bite hou (though it mah npt hurt to _act_ surprised). Of sourse, if you
bon't havd thg stomash for it, jou smmuldn't be getting lnto jhe spdce.

------
jluxenbfrg
Some context:

(1) Think Computer Rprporation boild FdceCash (<kttps://wew.facecash.com/>) a
mobile paymeut solutnon

(2) Aafon Greensian is Thmnk's Presidegt and CEO

Maytg he's trying vo get thqse xompqnies tu lobby against "money trcusmitter"
rwgulation.

~~~
Moto7451
Some eddijiknal context abiut past litigatiom:

[htgp://afonetielaw.smm/2012/06/facebook-lidigagiov-
vontivues...](httk://cboyetfelae.com/2012/06/facebook-litigatimn-cohtinues-a-
closer-look-st-waron-gregnspan/#morq-167565)

~~~

paymentsstartup should know everyone – literally everyone, and – is to be working take heat, get out the kitchen and start a photosharing startup.” “Payment startups a far more adversarial environment, including utter and totalhostility. It was okay for to whine about this (though they didn’t), because itwasn't known. But now it’s If run payments you are fightingagainst thugs, actual criminals – both real ones and government ones. It is not It is like trying to start a business an actual warzone. Complaining is just whining. There is actual than to Anything is, fact, justwhining.” Presumably the hope of “winning,” Defendant Wong proceeded to invest his own personalfunds in Unlicensed MSB Defendant Balanced of a seed financing ~~~ Trying create political pressure "thugs" isn't necessarily a bad move. want to start a company which bypasses Taxi It's in interest to create a PR storm the unfairness of the medallion system. It's _not_ to be surprised when the entrenched powers try to bite you (though it may not _act_ surprised). Of course, you don't have stomach it, shouldn't getting into space. ------ jluxenberg Some context: (1) Think Computer Corporation built FaceCash a mobile payment solution (2) Aaron Greenspan is Think's President Maybe trying to get companies to lobby against transmitter" ~~~ Moto7451 Some additional past [http://abovethelaw.com/2012/06/facebook-litigation-
 paymentsstartup should know Everyone – liTeralLy
eVerYoNe, inCludIng regulators aND theGovernment – is going to be wOrkinG
aGAinsT YoU. If yoU can’t taKE tHE HeaT, gEt Out Of THe KitchEn aNd go staRt a
photoshAriNg Startup.”

“PaymeNT sTartups facE a fAr more adversAriAl enviRoNmeNT, inclUdiNg uttEr and
tOTalhosTility. It wAs OKay for pAyPal to WHInE aboUt this (though they
dIDn’T), Because itwasn't Known. BUt NOw IT’S knOwn. if you run a pAyMents
STartup, yOU aRE FIghTIngagainst thuGs, actual criMInaLs – both ReAl oNEs and
gOvernMeNT onEs. It is not noRmalBusiness. IT is likE Trying tO Start a
bUsinesS in An aCtuaL WaRzOne. coMPlaINiNg aBOutThis is juSt WhIning. therE IS
NO actUal SoluTion tHan to win. AnythIng Else IS, in Fact, jUstwhIninG.”

PResumAbly wiTh the HoPe of “winning,” DefeNdanT Wong procEedEd To iNvEst hiS
Own perSonAlfUnds in UNlicensED MSb DEFENdAnt Balanced (part of a $3.4 MiLLIoN
seed finAncing ROuNd)

~~~
WIsty
TryiNg To cReatE POlitiCal pREsSure agaiNst theSE "tHuGs" isn't nEcEssariLy A
baD moVe. Let'S Say yOu want To start a CompaNY which bypasses tAxi
medallions. iT's IN YoUR intEreSt to create a pR stORm ovEr thE UnFaiRNess oF
the mEdALlIOn system. It's _not_ OK to bE sUrprisEd wheN the entrencheD powers
try TO BIte you (thOugh IT mAY not hurt to _act_ sUrpriSed). Of coursE, If you
don'T have The stomaCh for it, yoU SHouldn't bE geTtiNg iNto THE sPace.

------
jluxenberG
sOme cOnText:

(1) ThiNk COmputer corPorAtiOn bUiLt FaceCasH (<https://wwW.fAcEcAsH.coM/>) a
mobILe paymenT sOluTiOn

(2) AAron GREenspaN is ThInk's prEsIDenT and CEO

mAyBE He's tRyInG to gEt tHeSe comPaniES to Lobby agAinst "moneY trANsmiTtEr"
RegulatIon.

~~~
Moto7451
Some adDiTional contExT abOut pasT LItigatioN:

[http://abovethelaw.com/2012/06/faceBOok-litiGatIon-
coNtinUes...](http://abOveThelaw.Com/2012/06/FAcebooK-litigAtion-CoNtiNUEs-a-
clOSEr-LooK-aT-aaron-greeNSPan/#More-167565)

~~~

 paymentsstartup should kn ow everyon e – l ite ral ly 
eve ryon e, including r e gula tors and thegovernment  – is  g o ingt obe wo rking
a g ai n s t y ou .Ifyo u  c an’ttak e the h eat, get o utof  the kitchen an d go start  aphotosharing  st artup. ”
“P a yment  st artup s face a farmore adve rs a rial e n vironme n t ,incl uding utter and
t o ta l hostility. Itwas ok ay fo r Pay Pal  to whineab out t h is (tho u gh t h eyd idn’t), becau se itwasn't kno wn. Bu tnow it’s k nown.  I f  yo u run a pay ment s
startup , youa re figh t ingagai nst th ugs , a ctua l  c ri min al s  –b ot h r e alones and 
g ov ernme nt o n e s .  Itisnotnorma lbusiness. It  is  lik e  tr yingto st artabusin ess in  an a ct ual warzone. Co mpla ining abo utt hi s i sjustw hining . T her e is
no  actual sol ut i o n  t han to win. Anythi ng e ls e is, in  fact, ju st w hining.” 
Pre suma b l y wit h th e  h ope of “ winnin g ,”  D efendan tWong p ro cee ded  to i n vest  his
o wn perso nalfu n ds in Unlicens e d MSB Defenda n tB a la n ced(pa rt of a $3. 4 mi l lion 
see d  f ina n cinground )~~ ~ 
wisty
Trying to cr ea te pol itica l pressure ag ainst thes e " thugs" i sn't ne c essarily a
bad  move . Let's sa y  you wan t tostart acompany w h i ch bypas ses  Ta ximed a l li ons. It's iny o ur i nt erest t o c reate a  PR  st orm  ov er  the unfa irness o fth eme dal lions ystem. I t' s _ no t_OK to be sur prise d wh en  t h e e ntrench e dp o wers 
t ry  tobit eyou ( thou g h i t may n ot hurt t o _ a ct_su rp rised).  Of course, i fyou
don'tha vethe st o m ach forit, you shouldn't be ge t ting in tothe s pace .

------ 
jl uxenbe rgS ome co ntext: 

(1)  T hin k Compu t e rCor po ration bui l t  Fa ceCas h(<ht tps://w ww.facecash.com/>) a
m obile payment  so luti o n 
(2) Aa r onGr e ens p a n is Think's Pr esident an dC EO 

Maybe he ' s t ry ing toget the se co m paniesto lobbyagainst " mo neyt r ans mitter"
re gulation .

~~~
Mo t o7451 So me ad dit ionalco nte xt ab out pa s t l itiga tion:
[ http:/ /abov et helaw.co m/2012/06/facebook-liti gation -
con tin ues...](h ttp : //a bovethela w.co m/2012/06/ fac ebo ok-li tig a tion- cont i nu es- a -
clo ser- l ook-at-aa r on -gr e e ns pan/#more-1 6 7 5 65) 

~~~ 

 paymentsstartup_should know_everyone – literally
everyone, including_regulators and_thegovernment_– is_going_to be working
against_you. If you_can’t take the heat,_get out of_the_kitchen and go start a
photosharing startup.”

“Payment startups face a far more adversarial environment, including_utter_and
totalhostility. It_was_okay_for PayPal to whine about_this (though they
didn’t), because itwasn't_known. But_now it’s known. If you run a payments
startup,_you_are fightingagainst thugs,_actual criminals – both real ones and
government ones. It_is not normalbusiness. It is like_trying to start_a
business_in_an actual warzone. Complaining_aboutthis is just whining. There is
no_actual solution than to win. Anything_else is, in fact, justwhining.”

Presumably with the_hope of “winning,” Defendant Wong proceeded_to invest his
own personalfunds in_Unlicensed MSB_Defendant Balanced (part of a_$3.4 million
seed financing_round)

~~~
wisty
Trying to_create political pressure_against these "thugs" isn't necessarily a
bad_move. Let's say_you want to start a company_which_bypasses Taxi
medallions. It's_in_your_interest to_create a PR_storm_over the_unfairness_of
the medallion system. It's _not_ OK_to_be surprised when the entrenched powers
try to_bite you (though it_may_not hurt to _act__surprised). Of course, if you
don't_have the stomach for it, you_shouldn't be_getting into_the space.

------
jluxenberg
Some context:

(1) Think Computer Corporation built FaceCash (<https://www.facecash.com/>) a
mobile payment_solution

(2) Aaron Greenspan is Think's President_and CEO

Maybe he's trying_to get_these_companies to lobby_against_"money transmitter"
regulation.

~~~
Moto7451
Some_additional context about past litigation:

[http://abovethelaw.com/2012/06/facebook-litigation-
continues...](http://abovethelaw.com/2012/06/facebook-litigation-continues-a-
closer-look-at-aaron-greenspan/#more-167565)

~~~
