While I'm not thrilled to hear this, I don't expect it to really impact us.
We basically had an agreement with Brandon that if he could get us to the launch point, we would hire him as the CTO. Unfortunately, that did not happen.
We paid hundreds of thousands of dollars for project specs that in the end weren’t met and played many games when we should have just cut our losses.
Our debacle was always that if we brought someone new in to lead the way, they wouldn’t be familiar with the system and it would take longer overall to learn someone else’s code and finish the remaining areas.
That was our biggest mistake. When we brought the new guys in, they were able to very quickly pick up and continue development while at the same time dealing with massive security issues and cleanup.
We'll be enforcing our non-compete and NDA agreements and pursuing this privately.
Overall, there’s not a lot of applicable information that’s not public (especially now that you guys all have the green light to talk about VOIPo) with the exception of a few strategic moves in the patent arena. Beyond that, there’s not a lot of info to leak to VT.
This kind of thing does happen from time to time and the key is to just move forward. If launching a new startup were an easy task, it wouldn’t be profitable.
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