What's outrageous to me is the government has to pass laws to make sure the banks police their customers. It's non-sense. You should have the right to deposit money with no questions asked.
Law enforcement shouldn't have to rely on the banks to disclose anything to them unless they come with a court order and ask specific questions.
The laws are put a strain on day-to-day business for everyone and it's tiring.
We also want to see taketake thrive and we are doing everything we can to see that happen. My co-founder and I simply can't be leading it anymore. We're burned out and skid off our cash runway. We did take a week(s) off. This is not an easy decision.
By getting another team to take over, it's almost as if we were getting one/two other co-founders to come on board. My co-founder and I will take an advisory role and that's why it's fair that the new team gets a majority stake in the company. We would retain 10-15% of common stock each.
We're not giving away 100% of it. We don't want to have an active role anymore and are willing to give away a majority equity stake to a qualified and competent team who would be taking charge of it. It's almost as if we were taking another co-founder on board. But because we would be taking an advisory role, it's just fair that (after vesting) the new people in charge have the majority stake in it.
That's a cool idea and we will certainly consider it if we can't find a rockstar team to take over. Whoever wants to take over taketake would need to understand well the technology we built it with.
I'm hoping we can find a team to take over. My co-founder and I will certainly be there to help with all the technical stuff and the business model.
Well, made a lot of mistakes. Discovered the lean startup principles too late. We should have released an MVP earlier and iterate. Instead we were never really happy with what we built and started from scratch too many times. We became really frustrated with not being able to execute up to our expectations. Waited too long and slid off our cash runway.
I will probably write a more thorough post about it later on, but right now we're trying to focus on finding a team to take over and save taketake.
We use Redis and MongoDB for two different purposes.
Redis is used for our messaging queue (resque), sessions and caching. MongoDB is used to store our user data. Redis could be used to store our user data as well but we feel that MongoDB is a lot easier to work with because of its query language.
MongoDB fits better to store our user data and Redis fits better for our messaging queue, sessions and caching. We have yet completed migrating from MySQL to MongoDB which is why I've listed both in my post.
I would go where Grooveshark users are. Find who they are and reach to them. Use twitter search and other social monitoring tools to find them. http://lithium.com has got a good social monitoring tool you can use free for 14 days. Should be plenty of time for you to find enough of them.
Once you found them, ask them if they would part take into grapev.in mavens. Tell them you are looking for feedback from heavy grooveshark users and in return they will be the only ones with early access to some grapev.in features.
Create them a special account, give them a place where they can connect to each other. Make them super fans by iterating and get to market fit with them.
They will evangelize your product for you - sounds like a good starting point.
+1 on the auto complete. I don't know Grooveshark all that well. I'm still unsure how to create my playlist... so I type the title of the song? How does it work?
Law enforcement shouldn't have to rely on the banks to disclose anything to them unless they come with a court order and ask specific questions.
The laws are put a strain on day-to-day business for everyone and it's tiring.