No Taiwan,I don't have issues with Steve,I don't even know him. I have issues with his style of mgt. Based on 30 years of experience I see Steve as a guy that thinks he can handle all of the sales and management duties of what has been described as a $100mil company,although I doubt it will be a tenth of that anytime soon. Steve is as motivated by being in the limelite as he is by money.The only way he can achieve the kind of attention that he wants is to try and do the bulk of the mgt.by himself.
Before I point out the problems of that system let me tell you what will happen to Punch Network. You have 2 lone wolves who haven't had any real successes yet sitting down together to create synergy. The outcome will be the mother of all train wrecks. Steve is coming to the table with money(yours),Mr. Collins is bringing his dream.By naming Collins an officer he is now a shareholder in your/my company. Icpa and Punch are now one.No vetting,no run it by the stockholders,no nothing. Whatever baggage Collins has hidden is now the property of ICPA.Punch couldn't have been vetted because Steve was busy working on his dream. The partnership won't last a year,but what does Collins get? How much was spent on a guaranteed to fail network? We'll see.
Steve's lone wolf mgt. style makes sure that one person is the shining star. That works if everything goes well,but we know that 9 out of 10 new businesses fail. No matter what you have been told,this is a new business with no revenues. The company that I bought stock in has been replaced with a holding co. model of loosely related smaller companies. I blame myself for not doing the extra DD on the history of Steve's Fl. companies and I would have seen the pattern of failed companies. I think that Steve fully believes that he can do all of the things that he supposedly has lined up. No one could do that and give each co.a fair shot to make it. When this model fails you will see fingers pointed in every direction except at Steve. There will be all the same old excuses. How do I know it will fail? He has done all of this before.(see Sambliss failed Fl. cos.) The only new piece is the urban family variety music network which will take the whole house down.
