Someone took your [obvious] tongue-in-cheek R3Media remarks about the $25 million and the hookers and cocaine SERIOUSLY…I just realized that this was something that was probably used against me during some recent due diligence. Thanks, dude, for putting this nonsense out for idiots to believe.

Actually, anyone who believes anything at face value from a blog isn’t someone I want to associate with anyways. Perhaps you have done me a favor. And besides, it smacks of something Young Chris might do, glomming onto the facetious hearsay and trying to pass it off as “insight”.

As for the patents, I, Cronin, and Courty spent tens of thousands of dollars of our own money pursuing those patents and defending the company against one lame investor long after everyone else had turned tail and run. Meanwhile, most everyone else except for you and Peter had their hands out reaching into our pockets for whatever pork they could pull before the train finally crashed.

We raised more like $8 million, and most of it was spent on bloated development costs for 90’s-hyped software developers and designers who felt they should be paid $200 per hour PLUS equity, not to mention the TENS OF THOUSANDS OF DOLLARS that was paid, a lot of it by checks personally signed by me, to the likes of BROMBERG & SUNSTEIN and KIRKPATRICK & LOCKHART and others for “patent development work”.

We didn’t get much for our money, as far as I could see, and by the time it mattered, our esteemed largest investor had already self-dealed the company down the toilet in a paper transaction that was designed to benefit them in the eyes of their capital sources. It didn’t work: their ham-handed approach to the “reorganization” was so sloppily delivered and so blatantly transparent that none of us went along with it, and the ensuing discord basically scuttled the whole thing at everyone’s eventual expense, including yours.

In general it was a crazy time. I am glad I experienced it, but am glad it is a fading memory too.

But in the interest of clarity, and to be sure: THERE WERE NEVER ANY WHORES OR DRUGS BOUGHT WITH R3MEDIA MONEY; as you well know, the only whoring was done by certain early personnel who either sat around and did nothing and/or complained and played every side of the fence and every angle for their own selfish gain (at the expense of long-term friendships and their own integrity), and the only drugs were the drugs the ones the people who *did* work hard in good faith must have been taking to have not done something sooner about those cancerous loafers, naysayers, and hangers-on.

If I had any advice to give to bold souls who dare try to start their own company it would be this: when it comes to start-ups, choose both your friends and your investors very wisely.

Jonathan D. Linscott, Founder of R3Media, Inc.

Someone took your [obvious] tongue-in-cheek R3Media remarks about the $25 million and the hookers and cocaine SERIOUSLY…I just realized that this was something that was probably used against me during some recent due diligence. Thanks, dude, for putting this nonsense out for idiots to believe.

Actually, anyone who believes anything at face value from a blog isn’t someone I want to associate with anyways. Perhaps you have done me a favor. And besides, it smacks of something Young Chris might do, glomming onto the facetious hearsay and trying to pass it off as “insight”.

As for the patents, I, Cronin, and Courty spent tens of thousands of dollars of our own money pursuing those patents and defending the company against one lame investor long after everyone else had turned tail and run. Meanwhile, most everyone else except for you and Peter had their hands out reaching into our pockets for whatever pork they could pull before the train finally crashed.

We raised more like $8 million, and most of it was spent on bloated development costs for 90’s-hyped software developers and designers who felt they should be paid $200 per hour PLUS equity, not to mention the TENS OF THOUSANDS OF DOLLARS that was paid, a lot of it by checks personally signed by me, to the likes of BROMBERG SUNSTEIN and KIRKPATRICK LOCKHART and others for “patent development work”.

We didn’t get much for our money, as far as I could see, and by the time it mattered, our esteemed largest investor had already self-dealed the company down the toilet in a paper transaction that was designed to benefit them in the eyes of their capital sources. It didn’t work: their ham-handed approach to the “reorganization” was so sloppily delivered and so blatantly transparent that none of us went along with it, and the ensuing discord basically scuttled the whole thing at everyone’s eventual expense, including yours.

In general it was a crazy time. I am glad I experienced it, but am glad it is a fading memory too.

But in the interest of clarity, and to be sure: THERE WERE NEVER ANY WHORES OR DRUGS BOUGHT WITH R3MEDIA MONEY; as you well know, the only whoring was done by certain early personnel who either sat around and did nothing and/or complained and played every side of the fence and every angle for their own selfish gain (at the expense of long-term friendships and their own integrity), and the only drugs were the drugs the ones the people who *did* work hard in good faith must have been taking to have not done something sooner about those cancerous loafers, naysayers, and hangers-on.

If I had any advice to give to bold souls who dare try to start their own company it would be this: when it comes to start-ups, choose both your friends and your investors very wisely.

Jonathan D. Linscott, Founder of R3Media, Inc.