Moya-Jones: Co-founder gave 30-day buyout ultimatum after $350k in personal loans
Raegan Moya-Jones · Aden + Anais: Raegan Moya-Jones (2019) · Aug 26, 2019 · at 19:19
Raegan Moya-Jones, founder of Aden + Anais, discusses the capital constraints and partner dispute that arose during the 2008 recession when funding production orders.
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“I think we'd borrowed a 100,000 off Claudia and Mark, and then we borrowed another 250,000 off Mark's Dad, and very long story short, it was more Mark, I think, that was just not comfortable with the fact that in his mind they were funding the business, and it just got to the point where, you know, I got a demand of, you've got 30 days to come up with this to buy us out, if you can't do that we have the right to pay you the same, and if we can't come to an agreement, we're going to dissolve it.”
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