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Re:Booted out of Bootup Labs by chris11 on Thursday April 15, 2010 @03:34AM (#1267225)
So would that imply that the founders could try to collect part of the $50k from Bootup Labs? It sounded like when they got kicked out of the program, Bootup Labs only covered the previous months rent, when Statusly should have already paid for rent and services for the entire length of the program.

Now if Statusly was only in the program for 2 out of the 8 months, then it seems like the founders could be owed around $35k (50k2/8.95) for the money that they paid to be in the program for the rest of the 6 months.

Re:Booted out of Bootup Labs by cperciva on Thursday April 15, 2010 @03:50AM (#1267246)
I would assume that Statusly never paid Bootup Labs the $50k, due to Bootup Labs never giving them the $50k to give back.
Re:Booted out of Bootup Labs by bmann on Thursday April 15, 2010 @03:54AM (#1267256)
You guys are getting confused with the "rent" word. We paid Statuslys out of pocket expenses (i.e. their apartment and food) because they had no money.
Re:Booted out of Bootup Labs by hga on Thursday April 15, 2010 @08:12AM (#1267596)
As I understand it, they had no money in part because you didn't keep your side of the agreement.