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Post #1 (permalink)
02-07-2012, 06:31 PM
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HD Newbie
Join Date: Oct 2010
Company: HogWildHost
Location: Maxville, FL
Posts: 21
Status:
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What would you do if your company had an investor to help your startup and out of no where, took your server offline and has control of your domain? You still had active clients and no longer have any of their files.
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Post #2 (permalink)
02-07-2012, 07:35 PM
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HD Master
Join Date: Jul 2003
Company: Othello Technology Systems Ltd
Location: London, UK
Posts: 414
Status:
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Quote:
Originally Posted by LN arleslie
What would you do if your company had an investor to help your startup and out of no where, took your server offline and has control of your domain? You still had active clients and no longer have any of their files.
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You'd be left up-creek-minus-paddle, unless you had a water-tight contract and a bloody good lawyer on retainer...
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Post #3 (permalink)
02-07-2012, 08:24 PM
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HD Newbie
Join Date: Jan 2012
Company: HostHag
Posts: 35
Status:
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This is one reason why spending the extra $5000 for the lawyer in the beginning would have started to look like a good decision. Most likely it would have been cheaper than that to get a good business lawyer to write up contracts and look over investor contracts. If that is the situation that you are in, things are very unfortunate for you. Most likely, the investor has a lawyer, and most likely a lawyer that wrote up the original contracts and such. If that contract said that the investor can pull the plug if he doesn't like whats going on, and the business owner signed that contract, its over. Stuff like this happens all the time. It pays off in the long run to get lawyers in the beginning
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Post #4 (permalink)
02-07-2012, 09:04 PM
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HD Addicted
Join Date: Dec 2008
Location: Brooklyn
Posts: 471
Status:
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If this is the position your in I am sorry to hear that and sometimes it just happens.
Before going with any investor you should always hire or speak to a lawyer and have some contracts written up stating what you both could do and can't do. If you are in this position the best thing to do is to try and contact that investor and get everything straighten out if you never had any contracts then its more likely its your lost.
You learn from your mistakes and next time you go with an investor make sure to have some contracts written up and signed. I hope all works out for you good luck.
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Post #5 (permalink)
02-08-2012, 02:06 AM
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HD Newbie
Join Date: Feb 2012
Company: Posilan Ltd
Location: Manchester
Posts: 30
Status:
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Quote:
Originally Posted by LN arleslie
You still had active clients and no longer have any of their files.
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Not even server backups??
You would need to register a new domain name, get a new server online asap, contact your customer base and eat some "humble pie" and hope some may stay with you.
Oh and start doing backups
Steve
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█ Complete IT services - www.posilan.com
█ UK Web Hosting | Cloudlinux cPanel | Softaculous | Domain names | VPS
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Post #6 (permalink)
02-08-2012, 02:26 AM
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HD Newbie
Join Date: Dec 2011
Posts: 35
Status:
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You have to start all from the very beginning.
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Post #7 (permalink)
02-08-2012, 09:03 AM
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HD Master
Join Date: Mar 2002
Company: Host Color LLC
Location: New York
Posts: 333
Status:
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When one is getting an investor, it is important to secure the interests in the new enterprise! Everything should be planed carefully and written in paper. Another thing to do is not to welcome investor from countries in which you could not bring them into the court.
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Post #8 (permalink)
02-08-2012, 09:50 AM
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Account Disabled
Join Date: Jan 2012
Company: KJV Hosting Inc.
Location: Lincoln Park, Michigan
Posts: 41
Status:
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This is why I would be really leery about getting an investor. Do it yourself or don't do it at all.
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Post #9 (permalink)
02-08-2012, 01:05 PM
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HD Guru
Join Date: Mar 2011
Company: The Easyhost Media Group
Location: Northumberland, UK
Posts: 832
Status:
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you can start off with very little, start with a reseller account, build up a clientbase them move the master reseller, then onto a VPS/dedicated server as money come in.
this is how i started in the hosting business and now i have several servers
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Post #10 (permalink)
02-08-2012, 04:41 PM
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Account Disabled
Join Date: Jan 2012
Company: KJV Hosting Inc.
Location: Lincoln Park, Michigan
Posts: 41
Status:
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Quote:
Originally Posted by easyhostmedia
you can start off with very little, start with a reseller account, build up a clientbase them move the master reseller, then onto a VPS/dedicated server as money come in.
this is how i started in the hosting business and now i have several servers
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Only thing keep me from getting customers right now, is that WMHCS license. If I had customers lined up, I'd get it. But my luck I would get it and no one would sign up.
So, phooey...  I am not going to get it, at least not at this point. 
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Post #11 (permalink)
02-08-2012, 05:18 PM
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HD Newbie
Join Date: Oct 2010
Company: HogWildHost
Location: Maxville, FL
Posts: 21
Status:
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Yes unfortunately, this is my predicament.
Starting off we really didn't have any money which is why we got in contact with an investor, he gave us a server, registered our domain and allowed us to resell all of his servers.
We were with him for two years and all of a sudden this has happened. We have already moved to a new location and contacted all of our clients and have told them what has happened. Unfortunately as he has purchased the domain, legally it is his, and he's not willing to give it up.
__________________
█ HogWildHost
█ Web Hosting with cPanel, Virtual Private Servers, and Domains
█ 30 Day Money Back Guarantee - PayPal Accepted!
█ I do Freelance PHP!
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Post #12 (permalink)
02-08-2012, 05:50 PM
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HD Community Advisor
Join Date: Mar 2005
Company: Hands-on Web Hosting
Location: Omaha, NE
Posts: 2,008
Status:
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Did you have an investment contract with the person? You can possibly go legal on them for damage to the business.
Definitely need backups elsewhere, but a solid contract is something you'll need for the future. No ONE PERSON should be able to destroy the company if you have the right legal provisions in place. Someone would be liable for the actions.
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Post #13 (permalink)
02-09-2012, 03:00 AM
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HD Guru
Join Date: Mar 2011
Company: The Easyhost Media Group
Location: Northumberland, UK
Posts: 832
Status:
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Quote:
Originally Posted by KJVHosting
Only thing keep me from getting customers right now, is that WMHCS license. If I had customers lined up, I'd get it. But my luck I would get it and no one would sign up.
So, phooey...  I am not going to get it, at least not at this point. 
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if you are using cpanel then why not try phphostbot http://www.idevspot.com/PhpHostBot.php one off fee $24.95 this will give you a start.
or their is Accountlab Plus (free) which will give you a start.
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Post #14 (permalink)
02-09-2012, 11:27 AM
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HD Newbie
Join Date: Oct 2010
Company: HogWildHost
Location: Maxville, FL
Posts: 21
Status:
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Quote:
Originally Posted by handsonhosting
Did you have an investment contract with the person? You can possibly go legal on them for damage to the business.
Definitely need backups elsewhere, but a solid contract is something you'll need for the future. No ONE PERSON should be able to destroy the company if you have the right legal provisions in place. Someone would be liable for the actions.
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While trying to get more information on the investor, it seems as if most of the information given to me is now invalid. Honestly, I just would like the domain and the files of my clients so I could continue on with my business. But doesn't look like this will be happening. We are still attempting to work things out to at least get a copy of our client's files.
Quote:
Originally Posted by easyhostmedia
if you are using cpanel then why not try phphostbot http://www.idevspot.com/PhpHostBot.php one off fee $24.95 this will give you a start.
or their is Accountlab Plus (free) which will give you a start.
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The main reason for the provider was for the fact that we had no money for servers at the time. So even a free billing system wouldn't of helped. Plus we already had a in-house billing system created for when we had the money for servers.
__________________
█ HogWildHost
█ Web Hosting with cPanel, Virtual Private Servers, and Domains
█ 30 Day Money Back Guarantee - PayPal Accepted!
█ I do Freelance PHP!
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Post #15 (permalink)
02-09-2012, 04:39 PM
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HD Community Advisor
Join Date: Mar 2005
Company: Hands-on Web Hosting
Location: Omaha, NE
Posts: 2,008
Status:
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The information you have on the investor is now invalid? Was this a private individual that purchased servers on your behalf? Was this a datacenter that sponsored hosting for you or something?
I'm not sure the term "investor" is the right one, unless there's more to it. Either way, you'll definitely need a contract with whoever it is you decide to partner up with in the future.
Everything you do, and I mean EVERYTHING, needs a contract.
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